Thursday, December 09, 2004
Avoiding a Tough Choice
Privatizing Social Security may provide you with more money when your retire -- or you may see your investments go belly up. One thing for sure is that privatization plans can't save Social Security from the looming crisis it faces. That can only be done with tough choices -- like cutting benefits or raising the amount of withholding from your paycheck. The Bush administration has ruled out one of those tough choices -- no higher withholding. You may be able to hold on to more of your money now -- but have less to live on later if the privatization fails. (ABC)
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