Social Security

We've known for years that our Social Security system is headed for trouble. The Social Security money that is deducted from our paychecks has been spent; it is gone, spent, not there. It should come as no shock to anyone that eventually the bill comes due and we're broke. No cost of living increase this year or for the next few years--if ever. Yes, it will hurt as the cost of Medicare supplemental insurance continues to rise but freezing Social Security payments at current levels is a rather mild temporary solution to a problem that is not only not going away but is guaranteed to get progressively worse. If you are depending on Social Security to feed and shelter you, you'd better come up with another plan ASAP. This is just beginning.


http://www.nytimes.com/aponline/2009/08/23/us/politics/AP-US-Social-Security-Smaller-Checks.html?scp=2&sq=Social%20Security%20COLA&st=cse

Thought for the Day:

The reason most goals are not achieved is that we spend our time doing second things first. Robert J. McKain