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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (112923)	5/7/2005 11:20:39 PM
From: KLP	Read Replies (1) \| Respond to of 793843

Bill, if the money today that is paid out, is exactly the same number for benefits to be paid in the future, we should have plenty. The problem as near as I can tell, is the INCREASES every year from now forward.... In other words, if you are qualified to collect $1000 today, then that number is what you will be collecting in your future. And the difference between that number and the number that HAS BEEN projected for each year in the future, is the difference that could come off your Federal tax load in the future.... We could then invest whatever little bit the number is into our own investments. In other words, say we get $1000 today, and are scheduled to get $1050 next year.... This way we should be able to take that amount off the tax we owe, and invest it. Of course, inflation can creep up. If it goes too far, then this way, everyone will care, and the politicians can just stop funding items like more bridges in West VA.... The younger workers would benefit, because they wouldn't be required to put as much in SS with leaving the percentage paid the same as it is today. The people who don't pay taxes now would get the same amount today...and tomorrow, and after that. NOT what is on the future anticipated schedule that we can't afford. I'd really like some of the financial folks to tell me why it wouldn't work. We already know the Democrats and some of the Repubs won't like it....they are to invested into status quo now...and too fond of spending money they don't have.