75% of Americans near retirement have less than 30,000.00 saved.

[HaroldCrump]

There is no government - there are only tax payers.
As the Finance Minister said, the split of the contributions is a private matter between the company and the employees, and what they negotiate for themselves.
Keep the tax payers out of it.

The govt. may be appearing to push back, but it is not doing half enough to ensure a fair tax burden for current and future tax payers.

[Daniel A.]

It's to late our social system is what dictates the future.

[Rusty O'Toole]

I had a 1968 Austin A60 with intermittent windshield wipers. Also intermittent headlights, intermittent horn and intermittent ignition.

Maybe all the broke old people spent their money on their kids. If they had taken all the money they blew on everything from diapers to summer vacations, and invested it, they would have plenty of money to retire on.

I only point this out because of the number of posts I have seen lately by young people who want to set Granny adrift on an ice floe.

[peterk]

Yeah...those devious 6month olds demanding the best huggies and 100 dollar outfits to look cute.... 5 year olds that would prefer hardwood and leather in the living room to impress their friends.... the 12 year old that just HAS to go out to fancy restaurants because of his fine palette, and thinks that expensive world travel will help him gain perspective on his geography essay.... and the 17 year old that just NEEDS a 25k new car to drive to school, and a new iPhone, or she'll "JUST DIE"

Yup. Damned kids and their stupid financial decisions. What were they thinking?

Now that you're old and broke though you say: "Listen, kids. I GAVE you all sorts of expensive stupid things that you didn't need when growing up, and now I'm broke. What I need now from you is 20k+ in medical expenses that will hardly improve my life at all , plus 12k to live on throughout my extended-beyond-natural life span. Please give this to me, and my 8.2 million other friends every year, while you struggle to find work because I didn't bother to innovate new productive ways for our country to prosper."

[sags]

Peterk..........you pretty well nailed it.