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Politics : View from the Center and Left

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To: 8bits who wrote (144287)	9/16/2010 12:22:08 PM
From: Mary Cluney	Read Replies (1) of 540990

<<<The numbers just don't look sustainable as they are now. We'll either have to have marked increases in both Social Security taxes and Medicare taxes, an increase in the retirement age, or a reduction in benefits, or possibly a combination of all three. >>> That is part of the scare tactic. It is like you have $25000 in the bank. You deposit $10 each month for the last 50 years. You are now for demographic reasons taking out $11 a month. You scare a lot of people by saying it is not sustainable. You will go eventually bankrupt. The truth is, the program is popular. It is needed. And you need to make adjustments every now and then. When demographics change, conditions change.

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