Wednesday, March 15, 2006

Welfare system resource limits and Social Security

I think the current resource limits regarding savings of welfare clients will cause immense future problems.Clients who need the welfare system to meet their needs are being trained by current welfare policy to forego any saving for the future. I believe everyone needs to begin saving for their own retirement.The USA saves a much lower percentage of national income than it did in yearse past.The percentage saved has continually decreased.When the social security crisis hits those citizens who have not provided for their own personal retirement programs will be in a miserable condition.The current Ponzi scheme can't last forever as the number of current workers funding each retiree keeps decreasing.


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