Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: flatsville who wrote (100089)	5/6/2001 2:02:34 PM
From: flatsville	Respond to of 436258

Clarification-- SS payouts were tied to CPI beginning sometime in the 1970s. When CPI became a bogus number is a matter of opinion. The big surplus in SS began in 1983 when Reagan Admin. pushed for and received a 6 mo. delay in what was formally an automatic SS benefit increase based on COLA as determined by CPI among other "reforms."

To: flatsville who wrote (100089)	5/6/2001 5:16:19 PM
From: Les H	Read Replies (3) \| Respond to of 436258

That was only because the Democrats were raising the payouts by 15%, 20%, or more, well beyond the inflation rate and well beyond what the boomer parents deserved to get in return for their measly inputs. Put the blame where it belongs, on the Democrats for using SS and SSDI to try to buy votes. When they couldn't raise benefits, they greatly the beneficiary class for SSDI without a corresponding increase in SS taxes. Nice of them to also cut receipts by increasing the EITC as well.