[lbo-talk] Is The Bush Admin Social Security Plan Doomed?

Peter J. Schledorn pjs at groucho-res.bas.ncsu.edu
Mon May 2 07:55:09 PDT 2005


On Sun, 1 May 2005, joanna wrote:


> It could be they're totally clueless. The vast majority of people have
> two things for old age: SS and whatever equity they've built up in their
> homes. In my generation (born in 54), unless you're unionized or working
> for the govt, you don't have a pension of any kind. I certainly don't.
> The pensions are coming under increasing attack and are slowly being
> bankrupted if there are any left. That leaves the baby boomers pretty
> much walking on solid air.
>
> I think one reason they're getting such solid pushback is that people do
> know this.

I agree--and I think another reason is that older people are reluctant to adopt the "I've got mine, screw the kids" attitude that the administration is counting on.

Best, Peter


> Joanna

I don't have to take this abuse from you -- I've got hundreds of

people waiting to abuse me.

--Bill Murray, "Ghostbusters"



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