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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (112843)5/7/2005 7:44:07 AM
From: Lane3  Read Replies (2) of 793838
 
there will no more i.o.u.'s left in the trust fund, so everyone's benefits would have to be cut by 27 percent

One of the oddities in this national debate to me has been that no one has mentioned that there is a cut in benefits something on the order of 27 percent either way. Either we keep going the way we're going and the shortfall forces a reduced benefit on that order or we switch to price indexing and plan a reduced benefit on that order. Technically, the former is insolvency and the latter not, but both hit the wallet more or less the same.
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