Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.
Sentiment: NEGATIVE
Social Security is not just the foundation of America's retirement dignity and security, it ensures the economic stability and strength of our families and our state's economy.
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.
Social Security is the very foundation of retirement security for millions of Americans.
For these reasons, women tend to rely more heavily on Social Security in their retirement than do men.
Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.
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.
Privatizing Social Security doesn't make sense, and it's out of step with the fundamental value of ensuring that after a life spent working hard and contributing to the greatness of our nation, every American should have a secure retirement.
Well, today people have to be self-reliant if they want a secure retirement income.
What's lost in this whole debate, unfortunately, is that Social Security is not a giveaway where we take money to give to other people. It's a contract with the government... that's worked for 75 years. It's the most successful government program that we've ever had.
Social Security is based on a principle. It's based on the principle that you care about other people. You care whether the widow across town, a disabled widow, is going to be able to have food to eat.
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