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The Water Cooler
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Communism v. Socialism
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<blockquote data-quote="cjjtulsa" data-source="post: 3525940" data-attributes="member: 6146"><p>It's a socialist program, whether we like it or not. So is Medicare, Medicaid, etc. And then there's those like my father-in-law, who had heart surgery in his early 50s, "retired" because of his health, and at 70 years old is still skimming money off of Social Security, long, long after his contributions would have been exhausted. I'll probably never see any of what I've put in, as I'm not "entitled" to retire until I'm 67, and at 53 that's quite a ways off - especially with the severe dollar de-valuing going on, not to mention the current financial state we are in. Add in many thousands of baby boomers beginning to collect theirs (many probably like my father-in-law), and I just can't see it being viable for that much longer. But no worries; when Uncle Sugar decides to confiscate 401ks, and start doling out "fair" payments to all from that pool, I might get a few checks.</p></blockquote><p></p>
[QUOTE="cjjtulsa, post: 3525940, member: 6146"] It's a socialist program, whether we like it or not. So is Medicare, Medicaid, etc. And then there's those like my father-in-law, who had heart surgery in his early 50s, "retired" because of his health, and at 70 years old is still skimming money off of Social Security, long, long after his contributions would have been exhausted. I'll probably never see any of what I've put in, as I'm not "entitled" to retire until I'm 67, and at 53 that's quite a ways off - especially with the severe dollar de-valuing going on, not to mention the current financial state we are in. Add in many thousands of baby boomers beginning to collect theirs (many probably like my father-in-law), and I just can't see it being viable for that much longer. But no worries; when Uncle Sugar decides to confiscate 401ks, and start doling out "fair" payments to all from that pool, I might get a few checks. [/QUOTE]
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