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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Mary Cluney who wrote (144373)9/30/2010 7:43:09 PM
From: 8bits  Respond to of 541025
 
We now have nearly 10% unemployment.
Looking at past unemployment rates I see that the US had almost exactly the same level of unemployment when the social obscurity commission came up with their report.

miseryindex.us

Illegal immigrants pay into payroll taxes and do not collect anything..

Some do.. some do not. If they are paying into the system (..as I understand it ..) they are committing identity fraud possibly with the knowledge of their employers. (The current flap with Meg Whitman's maid is amusing...) If they are paying into the system but won't draw down benefits this actually helps sustain the system. Putting them "on the books" so to speak which make the social security funding issue worse although it would be easy to argue that this is the moral thing to do.

Yet the Social Secrity system only needs minor adjustments.

Sorry.. disagree...In my opinion, going from 3 people supporting every retiree to 2 people supporting every retiree will necessitate the need for major adjustments in the future.
As I suggested before likely higher taxes, raising the cap, and raising the retirement age (or eliminating early retirement...)
or reducing benefits.. or some combination of all of the above.