I think if we are actually going to accept our generation's responsibility, that's going to mean that we give our children no less retirement security than we inherited from our parents.
Sentiment: NEGATIVE
Every generation has an obligation to leave its children in a better position than it inherited. Our representatives in Washington are breaking faith with that covenant. America must reduce its federal spending and accumulation of debt for the sake of generations to come.
But there is a need to explore ways we can preserve the promise of Social Security for future generations.
But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by.
I think that retiring the baby boomers is going to be one of the great challenges in America, that you cannot make fiscal sense out of the future of our children without taking on entitlements.
People are very much worried that our kids are not going to inherit the same opportunities that we inherited from our parents.
I accept the calling of my generation to give our children the America that was given to us, with opportunity for the young and security for the old - and I know that we are ready.
Who will take responsibility for raising the next generation?
If we do not act now to strengthen Social Security, the system that so many depend upon today will be unable to meet its promises to tomorrow's retirees, and it will burden our children and grandchildren with exhaustive taxes.
I think that we have a responsibility to make certain that we are fiscally responsible in order to assure, frankly, future generations don't have to pay our bills.
A whole generation of Americans will retire in poverty instead of prosperity, because they simply are not preparing for retirement now.
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