Reply #153: So, former9thward, how do you propose to house and feed those

[JDPriestly]

over 65 in your vision of a future without Social Security?

Means testing will not do the trick. Because peoples' savings were wiped out in this meltdown and only the very rich can possibly save enough during their working years to live comfortably or even survive after they are no longer working.

I am 67. When I first started working as a teenager, the government took money out of my paychecks for Social Security. But back then I only earned at most $1.25 per hour. Even if I had saved that part of my pay instead (and I would never have done that because it was too small an amount) and invested it, most of it would inevitably have been swallowed by Wall Street at some point.

Social Security is the only means for supporting older people that has been suggested. If you have a better idea, let us know. But so far no one has suggested a realistic alternative to Social Security.