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March 29, 2005

Social Security myth

Actually, I had not spent too much time thinking about our struggling federal program, Social Security. Sadly, I really do not believe it will be available to help me, once I reach eligibility. There are very aggressive investment programs that are available for my generation, that would protect me from the pending collapse of this federal program.

Recently President Bush passed a bill that supposedly helps African-Americans. Our president claims that as a group African-Americans typically do not live as long as their Caucasion counterparts. While his point is debateable, we do know that regardless of ethnic origin, Americans are generally living much longer than forty years ago. So, if this federal program is to really help anyone, creative financing of Social Security may not be the answer.

William E. Spriggs, a senior fellow at the Economic Policy Institute wrote a very interesting article.

Busting the Social Security Myths

Posted by AG at March 29, 2005 1:42 AM