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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (59895)2/23/2009 1:21:02 PM
From: TimF1 Recommendation  Read Replies (1) of 224749
 
It doesn't matter if its run a surplus from the big bang, and will run one to the end of the universe. The cost of SS spending is the cost of SS spending, having a tax that's (currently) bigger than SS spending, doesn't make the problem of the spending any smaller.

The surplus is mostly meaningless. The trust fund is even less meaningful. The "trust fund" is money the government owes to itself. There is no real fund there. A bond, loan, or IOU owed to you by someone else, represents a real asset (at least if they are going to pay it back). But a bond, loan, or IOU to yourself does not.

If I were a boomer (and I'm not) and they tried to cut my SS after I had been paying in for 40 years, I would really be PO'd.

If you where a boomer, and you didn't die relatively shortly after retirement you would have paid in less then your going to get out. That would still be the case if they increased the retirement age or slightly reduced the periodic upward adjustment for SS payments.

If they don't adjust the spending downwards, the working population will be paying a greater and greater portion of their income to pay for Social Security. The Boomers didn't pay for their own SS retirement payments, they are relying on having wealth transferred to them.

If adjusting that downwards makes them PO'd then they are mostly in the wrong.
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