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Politics : Moderate Forum -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (16629)	4/30/2005 9:28:26 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 20773

Sadly, I think he was telling the American public more truth there than they comprehend.

To: bentway who wrote (16629)	5/1/2005 3:57:28 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 20773

So, if the middle class & above will be getting less, much less, why would anyone who will be getting less want to stay in the SS system in the first place? This is income (previously promised income) redistribution gone amuck. The president's proposal is known as "progressive indexing," and would leave benefits intact for low-income workers but phase in cuts for workers earning $25,000 or more. The plan would not apply to current workers age 55 or older, and would address about 70 percent of the projected shortfall in Social Security. For workers earning $90,000 or more, the limit on income that faces payroll taxes, their benefits would be cut by 37 percent. Middle-income workers would lose 25 percent of their benefits.