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May192014

Heritage Morning Bell - Saving for Retirement -- Without the Government 

 

May 19, 2014

 

Saving for Retirement -- Without the Government

We can all agree that it’s good for Americans to save for retirement. But should the government expand from providing old-age entitlement benefits to controlling personal retirement investments as well?

Whether you want to or not, we're forced to pay into Social Security and Medicare. But today’s working Americans don’t have the guarantee that these programs will be there to carry us through retirement. Why? The taxes we’re paying now are supporting today’s retirees – not tomorrow’s. And Congress may change the benefits, especially since these programs are significantly underfunded.

Ideally, we would have the option to save our own money in the way we want – and government programs would be the safety net they were supposed to be, to protect America’s vulnerable from poverty.

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