Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Road Walker who wrote (212349)	12/2/2004 6:10:57 PM
From: TimF	Read Replies (2) of 1573029

I read in the Wall Street Journal (editorial board) that you could "save" SS by simply changing the annual adjustments from a wage basis calculation to an inflation basis calculation. Which would be a reduction in future payments. It might "save" social security, in the sense that the "trust fund" would have enough money to pay back future recipients, but the "trust fund" is an accounting item, not a real pool of money. The actual money has already been spent. If the "trust fund" has to get money back from the general fund then that payback will have to come from taxes. The same article said that if you privatize a portion of SS you would have to raise SS taxes by 50%. If they mean that Bush's plan would require SS taxes go up 50% in order for the social security fund to be in the same situation in terms of solvency that it is now, than their statement doesn't make a lot of sense. The % of SS that would be "privatized" is a lot below 50%, and also the part that would be in individual accounts would reduce future payouts. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next