Retirement delayed; Social Security cured!

As one whose glass is always half-full, I realized that the Social Security issue is going to resolve itself. The recent trifecta of Gas Prices, Housing Decline and Market Crash have changed the dynamic ensuring the system will remain viable for years to come.

Many of those already receiving Social Security will have to return to work and thereby get taxed on their benefits. Those considering retirement in the near future will never be able to do so. While continuing to work they will defer benefits, continue paying into the system and then be asked to retire and given a "parachute" that won't open.

People with children and education concerns looking to retire in 20 - 30 years will also work through the golden years, pay into the system and without a choice expire before they retire.

Regardless of the financial state of the system today, with maximum income received and minimal benefits paid over the next 50 years, by 2060 our children and grandchildren will be considering the long-lost luxury of retirement once again.

I am amazed that the Bush administration will not recognize that we are in a deep recession but with Obama in office and a huge Democratic Majority in Congress the Republican Party will start calling this a Depression shortly after the Super Bowl when they begin campaigning for 2012.

Brian DeValk

Palatine