Thursday, November 04, 2004
Retirement Issues
Addressing the Social Security Challenge
Social Security as we all know is a ticking financial bomb. As is being widely reported, it's looking like Bush will spend his political capitol on two major fronts, making the 2001 tax cuts permanent and social security reform. The Republican budget hawks will make the first goal difficult, and Social Security is the so called third rail of politics and has been seen as untouchable. But the demographics aren't on anyone's side here. This probably should have been addressed back in the 1980s, but better late than never.
Here's a primer from the SSA talking about the basic challenges that lie ahead.
http://www.ssa.gov/pubs/10055.html
Social Security as we all know is a ticking financial bomb. As is being widely reported, it's looking like Bush will spend his political capitol on two major fronts, making the 2001 tax cuts permanent and social security reform. The Republican budget hawks will make the first goal difficult, and Social Security is the so called third rail of politics and has been seen as untouchable. But the demographics aren't on anyone's side here. This probably should have been addressed back in the 1980s, but better late than never.
Here's a primer from the SSA talking about the basic challenges that lie ahead.
http://www.ssa.gov/pubs/10055.html
