Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Bearcatbob who wrote (4479)	3/1/2004 8:23:03 PM
From: Steve Dietrich	Read Replies (3) of 81568

<<Well Steve - I have always assumed that once SS left the pay as you go category it was broke.>> I'm not sure i follow. SS has been running a surplus since Reagan raised those taxes in '83. SS loaned its surplus to the Treasury. The Trustees report says it's 100% solvent for nearly 40 years. So how is SS broke? It's the rest of the federal govt. that's broke. SS has been covering their ass, now they have the balls to say SS is in trouble? That's an outrage, truly a scandal. Saying SS is broke to cover for gross fiscal mismanagement from the Republicans is as bad as it gets. They should be ashamed yet somehow i suspect they're proud. <<And don't give me any garbage about the current tax cuts.>> Bush said we had over $5 trillion in surpluses ahead of us to justify his tax cuts. Half of that surplus was from SS. And the SS surpluses are the only surpluses that materialized. Bush used payroll tax surpluses to pay for and justify estate and income tax cuts. I don't think that's garbage. I think that's worth a mention. <<This is a national problem - shared by all - with a simple solution - means testing!>> I agree with you on means testing and that SS is ultimately a welfare program. Though more accurately i'd say it's a transfer of wealth from workers to retirees in exchange for a promise that future workers will subsidize current workers when they retire. <<PS: Recent democratic comments on tax cuts have been talking about cutting the payroll tax - you for that?>> Yes i think that payroll taxes are too high, obscenely so. Something like 75% of workers pay more in payroll taxes than they do in income taxes. The tax burden has been shifting from the top to the bottom and middle. That needs to be reversed. Steve Dietrich

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