patrick.net

Probably will happen sooner. We already borrow about 40% of US federal budget. The FED will likely hyper-inflate money supply as this approaches.

Taxes and reform to make entitlements are means-tested could solve this (sure the details are tricky, but what systematic solution isn't). Why my mother who worked most her life as a teacher collects less in social security than her sister who was a stay-at-home mom and wife of affluent Dupont managing engineer is beyond me.

YES, YES, YES! Couldn't agree more. Halliburton may not like it. But they can go...

lahossain says

Taxes and reform to make entitlements are means-tested could solve this (sure the details are tricky, but what systematic solution isn't). Why my mother who worked most her life as a teacher collects less in social security than her sister who was a stay-at-home mom and wife of affluent Dupont managing engineer is beyond me.

Teachers typically don't pay into social security so that's probably part of it.

Call it Crazy says

The majority of teachers DO pay into social security.... It's only like 15 states that don't... That wouldn't be considered "typical"... In those states, the teacher's pension is "typically" larger then if they collected S.S.

Sorry--should have said "Some teachers don't pay into SS." And yes, the pension is usually better than SS.

I find it interesting that none of the usual mutts replied to this thread...