Millions of Americans believe Social Security will be bankrupt by the time they retire; they resent contributing to a system that may never benefit them. Others want to opt out of the system and see to their own retirement needs. The Social Security system has problems . . . but what should we do?"The answer is obvious," says E.J. Myers. "We must get rid of Social Security as we now know it and replace the system with one based on privatization and consolidation." According to Myers's plan, retirees all 80,000,000 Baby Boomers could receive over $5,000 per month at age 65 instead of the $1,138 per month under the current plan. In addition, his plan would keep all benefits for current recipients, and those about to retire, at the same levels they are today. He projects an investment plan designed to cancel the entire debt (over $400 billion to date) the Treasury Department owes the Social Security Trust Funds.
If you don't think you will like the book because of the title, take another look. I was considering a book for a class and found that pulling multiple books in the same subject matter gives you more info., reguardless of bias or point of view. I had no idea that one of the major changes to social security took place in 1974. This is like, just the other day. They mention the Pension Benefit Guaranty Corporation, and it is a very easy read. No, you will not get a pro and a con on who to vote for in 2004. Political animals should read, "The Looting of Social Security", by Allen Smith. That one is far more current. And, although I didn't agree with the materials, has a wealth of knowledge on current events.
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