Yes, the last fallback position I heard (I think it was from the Cato Institute) for recipients who had exhausted their privatized accounts was $400 a month. That won't even buy very much cat food.
Joel Blau
Doug Henwood wrote:
Charles Brown wrote:
Finally, I appreciate the Social Security thread, but how can you translate this into a way that people (who believe that Saddam had nuclear weapons) understand?
^^^^^^
CB: Maybe develop it in the form of parables.
If you have the bad luck to retire during a bad market, or if you put your money into tomorrow's Enron, you'll spend your golden years eating cat food.
Doug
