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Opinion
Social
Security choices? Now’s the time to decide
March
9, 2005
The
debate continues over Social Security. It needs something to
survive, but what? So far, President Bush’s proposal to allow
younger Americans to invest in personal retirement accounts is
being battered by almost all Democrats in Congress and even
some Republicans.
If the average, younger South Carolinian
can see around the partisan politics that cloud the picture,
they might consider three things:
1-Would they rather
invest in their own accounts?
2-Would they rather increase
Social Security taxes?
3-Would they rather receive reduced
benefits?
Of course, there are other considerations. For
instance, they could end up getting nothing, or they could
both pay more taxes and get fewer benefits. Then, again, they
could see the age eligibility rise from 65 to 67 ….. or
more.
Maybe it’s a good thing the debate is taking place.
Nobody’s done anything before. No more time should elapse
before the problem is fixed.
It’s obviously a hot political
potato that politicians have avoided for several years. It
won’t get any easier as more time goes by.
Editorial expression in this feature represents
our own views.
Opinions are limited to this page.
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