Subject: social security Comment: Based on the recent return on investments in the stock market, I feel it is foolish to make the cutoff for persons currently in social security 54. They will not have enough time to recoup losses and many companies have not offered 401K's until recently. Also the money that younger people would most likely pull out would likely bankrupt social security which could remain solvent for at least 50 more years if there were no caps on earnings such as $90,000. The wealthy have made out extremely well with all the favorable tax cuts. Britain tried private accounts which failed and we cannot afford another shortsighted, overly optimistic prediction like we have with the Iraq war. |