The New America Foundation shows you how!
In the aftermath of the Great Recession, a debate over Social Security is heating up. This debate raises fundamental questions about the kind of society in which Americans wish to live. So far, the debate has been between deficit-busters who say Social Security must be trimmed back to reduce government indebtedness and others who want to maintain it as is.
But the New America Foundation just released a study that proposes a different approach: doubling the current Social Security payout, and making it a true national retirement system. Creating a more robust system of “Social Security Plus†not only would be good for American retirees, but also would be good for the greater macro economy.
They are essentially admitting that not enough people are dependent upon government, and that they aim to fix that dilemma.
Their next “great idea” will probably be along the lines of making the retirement age a mandatory 55.
“In the aftermath of the Great Recession” Aftermath?
How about we scrap the whole thing and just stop taxing savings and investments? Take care of your own damn retirement – or don’t, I don’t care – just leave me out of it.
Lessee, retirement at 55, 35 hour work week mandatory, entire month of August off on vacation, even if you started on the 31st of July, etc etc.
Where have we seen all these ideas before?
Oh yes, the failed socialist governments of Europe.