tag:blogger.com,1999:blog-19246708.post6817596899558021212..comments2024-03-29T10:25:45.030-04:00Comments on Social Security News: Americans Aren't Prepared Financially For Retirement And The Problem Is Getting WorseUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19246708.post-45419699841473124702013-12-24T17:31:46.700-05:002013-12-24T17:31:46.700-05:00Watch out! Here comes the "automatic IRA'...Watch out! Here comes the "automatic IRA's" or AGA's (automatic government accounts).<br /><br />What's the last thing you'd want to do when Social Security is the last remaining leg of retirement left for many workers? You'd implement Chained CPI which would further impoverish seniors and disabled.<br /><br />That's precisely what Obama will try to do as part of his "break it, then fix it strategy". That fix is automatic retirement accounts, set up along side S.S. which is then gradually phased out. With the goal being that the S.S. trust fund is NEVER REPAID.<br /><br />An article appearing in firedoglake is the best I've ever read in explaining a patient, methodical strategy to turn S.S. into private IRA's. Well worth reading:<br /><br />"Austerity - Part 1 - The 1% Want To Steal Your Social Security, Pres. Obama is helping them" by Joe Shikspack, June 13, 2012.<br /><br />Anonymousnoreply@blogger.com