After reading the Feb. 7 article Think shutdown and debt fights were something? Now comes the real budget hit, regarding retiring baby boomers, I got angry.
The government has been taking money out of my paycheck since the day I started working to fund Social Security. My employers had to match that. Where is the fiduciary responsibility that would be required of anyone selling a 401(k)? I am 60, and there would be enough money to give me far more than I can expect if the government had simply invested in index funds.
I’m sick and tired of legislators and commentators complaining about entitlements. Too often commentators can’t separate government largesse and assistance like food stamps from true entitlements that we all pay into. The government needs to know we are not putting money into a black hole. It needs to realize that it should be subject to no less fiduciary obligation than someone who is licensed to sell retirement products.
Artie Leichner, Redland