In order to respond to the deficit crisis, federal Representatives and Senators must take a 5% salary cut as well as freeze their salaries for five years before trying to adjust Social Security. Do not put burden on weakest population of the country.
President Obama agreed to take 5% cut on his salary, more appropriate is if all federal Representatives and Senators also take a 5% salary cut and freezes their salaries for five years.
Savings for retirement as per CESI debts solutions On Line Survey of 212 people July 2010.
Seniors do not have any savings 30%, seniors have 1000 to 9,999, 16%, seniors have10,000 to 49,000, 13%, seniors have 50,000 to 100,000, 9%, seniors have
100,000 or more, 32%. The margin of error +, -, 6.73%.
Source Tribune news paper, June 26,2011.
Sharmi Trivedi