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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (15819)12/28/2006 12:20:23 AM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
The last time I heard any talk about this possibility was about two years ago, when the W.H. was still beating the drums for their 'Social Security reform' agenda --- and they were floating the idea of raising or even eliminating the cap on S.S. taxed earnings ONLY in combination with adding the feature of self-directed, individually titled, retirement accounts to the system.

(I assume the rationale they were employing was that it would be acceptable to raise the cap if and only if the people actually got to direct their own investments [no longer a non-investment government insurance program], and received 'irrevokable' title to their own accounts.)

I continue to assume two things:

1) they will never agree to raise the earnings cap unless the other part of the suggested bargain is offered.

and,

2) it doesn't much matter because there will be no changes made in S.S. over the next two years, anyway.
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