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The Unidted States is fast approaching a day of reckoning with regards to Social Security and Medicare. If the proverbial something is not done to fix it, then a generation of Americans are going to be in for a rude awakening.

The problem has been that the people of the USa have become a nation of consumers instead of a nation of savers. The tax laws for least the last 40 years have promoted spending over saving. Along with a belief that the safety net of society would be there to catch their fall in old age.

All was fine until the need for cash to fund the social and military programs instituted in the 1960's started dipping into the cash reserves that were being built to fund the social safety net.

There are several things that can be done to help remedy the problem .

1. Is to make people more reliant on there own savings instead of Societial retirment programs.

A. Increase the amount of deductions for IRA's allowable in all their various forms, and to reduce the taxabiliity of the monies earned

B. Privatize at least a portion of a persons SS deductions...held as a government account...many annuities have a short list of investments which to choose from. over a 30 to 40 year career one has factored in several rises and falls in the securities markets and is going to be far ahead than if just relying on the standard SS benfit.

C. Decrease capital gain taxes...to make investing attractive. which will grow the economy.

D. Decrease the Dividend/Saving Accounts tax rate...let people keep more of the money that their wages which have allready been taxed earns.

E. Have pension plans will travel...


While none of thes ideas are novel, the idea is to make it in the best interest of the American people to save for their own futures as well as their families instead of relying on the government or pensiion plan to do it for U.