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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (466838)	4/1/2009 2:20:24 PM
From: Steve Dietrich	Read Replies (2) \| Respond to of 1575354

I have just proven I was right. Ah, truly the ravings of a lunatic. Meanwhile, back on planet Earth, even the Republicans in their new alleged budget concede just how small the problem of SS is: republicanwhip.house.gov Without reform, [the Social Security] Trust Fund will reach exhaustion in 2041; as a result, future retirees face across-the-board benefit cuts of up to 22 percent in that year....To head off these severe consequences, the budget creates a trigger in Social Security to help extend the program’s viability....The recommendation includes: • Reducing the 15-percent Primary Insurance Amount bracket by 0.25 percentage points per year, from the date at which SSA finds it cannot meet scheduled benefits within 5 years • Phasing in the proposal. Because the Trust Fund currently is expected to reach exhaustion by 2041, this provision would not arise until 2036. It would not affect those at or near retirement, and no savings in Social Security are assumed in the budget. Oh my God! 32 years from now we might have to cut benefits by 22%. Everyone to battle stations... SD