[...] Under the bill, employees would be able to make tax free contributions to their SAFE account, and take tax-free distributions at retirement age. The bill would also allow employees to stay with the Social Security program if they wish.
Of course, what this would really do is remove money from the Social Security system right now, thus endangering the system for all older workers who will still be in the system 15 years from now. I’m beginning to wonder if my demographic group is going to be the guinea pig in a Soylent Green experiment. (Sure, they’ll eventually figure out that his whole thing is unworkable, but it will be too late for the last half of the baby boom.)
The problem isn’t with middle aged or older workers. They are in touch enough with life’s vagaries to sense their future vulnerability enough to probably opt in. It’s younger workers who believe they are going to live forever and that they are destined to be millionaires anyway who will drain the system. It’s not because they are bad people. It’s just that at that age you feel immortal.
I think the Democrat would be wise to inform the public of this proposal, however. People need to know. Especially all those who recently lost half their retirement savings in the financial meltdown of 2007.
Tokyo (CNN) — Japan’s Fukushima Daiichi nuclear power plant experienced full meltdowns at three reactors in the wake of an earthquake and tsunami in March, the country’s Nuclear Emergency Response Headquarters said Monday.
The nuclear group’s new evaluation, released Monday, goes further than previous statements in describing the extent of the damage caused by an earthquake and tsunami on March 11.
The announcement will not change plans for how to stabilize the Fukushima Daiichi plant, the agency said.
Reactors 1, 2 and 3 experienced a full meltdown, it said.
I just realized I’m leaving for Netroots Nation next Tuesday. I guess I should pack, or something… or at least figure out why my printer isn’t working, so I can print out my airline tickets (courtesy of the AFL-CIO, who invited me to one of their panels).
I’m looking forward to Minneapolis. One of my best friends lived there for a bit, and raved about it. (Although I won’t get to see much of it, probably. Between panels, workshops and networking events, I’ll be lucky if I leave the hotel.)
You shouldn’t see a huge difference in blogging, since the convention center has wi-fi.