Quote

I have to think about the possible ramifications of an early retirement.

Well, today people have to be self-reliant if they want a secure retirement income.

But there is a need to explore ways we can preserve the promise of Social Security for future generations.

The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.

I agree that we must expand opportunities for retirement saving, but we must not undermine this worthy effort with a flawed privatization scheme that takes the 'security' out of Social Security.

When one gets old and they are sick, there are not many things they can count on but they should be able to count on Social Security. Our seniors' retirement should never rely on the bull of political promises or the bear of the market.

Social Security should have a self-sustaining portion that was funded by contributions from both employers and employees. That's what we know and have known for 70 successful years.

What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.

I think the notion of retirement is just a dreadful, dreadful idea and I hope I never have to do that.

Our government works should be treated fairly and appropriately; they should have a decent retirement, but not a gold-plated system where they can retire multimillionaires in their 50s.