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Politics : Formerly About Advanced Micro Devices
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TimF
To: tejek who wrote (887307)9/13/2015 12:59:34 AM
From: i-node1 Recommendation  Read Replies (2) of 1578038
 
>> The article told you how both ways can be avoided. Read it again plz.

The article was one guy's view and it is based on some technical suppositions that aren't about to happen.

The basic mistake people make WRT SS is to look at it in isolation. We hear people like Sanders say, "Eliminate the cap and it will be fine," for example. While it is almost (not quite) true that eliminating the cap would provide enough funding for SS it does nothing to address the far bigger problems of Medicare/Medicaid which will be creating massive demand on tax revenue at the same time.

If eliminating the cap would solve the SS problem and there were no Medicare/Medicaid/Obamacare program, I'd be for it. It would solve a big part of our upcoming issues. But the reality is that you're talking about what amounts to a 15% tax on wages over the cap and you don't begin to solve the problem.

Medicare along is 5-6 times the size of the problem. Obama care is small now but will become huge. The Disability Income trust will run dry (OUT, not just low) in 2016. The national debt is out of control and unsustainable. And employment, for the next 20-40 years, will be on the decline due to automation.

I understand the author's point but when all this stuff is happening simultaneously, the reality is we are going to be out of money and SS will be but one portion of the problem.
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