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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (135964)	8/20/2013 10:22:22 AM
From: ChinuSFO	Read Replies (2) \| Respond to of 149317

The rich take their SS at 70 any way. So raising the age will not affect them but "Scrap the CAp" will. If the qualification age is raised then the employers will be required to keep the "so called old and worthless employees" on their payroll for an additional year. So the solution, I think should be to raise the qualification age by say a year and "Scrap the Cap"

To: koan who wrote (135964)	8/21/2013 8:33:15 AM
From: RetiredNow	1 Recommendation Recommended By ChinuSFO Read Replies (3) \| Respond to of 149317

The problem is that SS takes in less cash than it pays out. This is a structural problem due to the fact that there are more Baby Boomers than the working age generation coming after them. So it is running deficits and the every year the deficits get larger as more Baby Boomers retire at the rate of 10,000 per day, and more people take disability pay, which is another growth boom. So the problem is deficits. How to solve it? 1) I like Chinu's suggestion. Scrap the cap and make more rich people like me pay all the way up the scale of our incomes. 2) I'd also add that we should means test SS. If you earn more than $250K per year in income (passive + active), then you should not be eligible for SS. 3) Lastly, I'd incorporate a robust audit department into the SS management team to actively root out fraud from illegals collecting SS with SS # from deceased people and from people who aren't really disabled collecting additional SS funds from claiming to be disabled. Take those 3 steps and this program will last another 200 years.