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


To: i-node who wrote (761635)1/6/2014 1:04:28 PM
From: bentway  Read Replies (2) | Respond to of 1574482
 
Dave, the people that created the SS system expected that it would need to be tweaked periodically to accommodate demographic facts like the baby boom. All it needs now is the cap to be raised or eliminated, and it would have no problems for any future date.

The last time this happened was in the Reagan admin. The only thing stopping it from happening today is obstructive Republicans that have hated the system since it's inception and want to kill it.

You KNOW all this, but as a partisan Republican, you spout continual doom and gloom.

en.wikipedia.org



To: i-node who wrote (761635)1/6/2014 1:08:16 PM
From: Wharf Rat  Read Replies (2) | Respond to of 1574482
 
"WHO IS GOING TO CONTRIBUTE MONEY TO AN ANNUITY THAT, 40 YEARS HENCE, RETURNS YOU 75% OF WHAT YOU PAID IN?"

Everybody. It's an automatic deduction on paychecks, and either the self-employment tax or IRS jack-booted thugs will catch scofflaws like you.
How many of them would vote to remove the cap on taxable earnings and fix SS for beyond the foreseeable future so they get 100%, with a raise, even?
=
"Also, a point which is not mentioned, is that Medicare, and now Obamacare, are far bigger problems that must be addressed at the same time"

OC just extended the life of MC by about 8 years. If we get rid of the republican clot in the bloodstream of the body politic, we can do much better....

The chief of Medicare on Friday credited Obamacare for continuing to help extend the life of Medicare after a new trustees' report said it will be solvent for two years longer than expected.

The trustees' report found that Medicare's trust fund will remain fully solvent until 2026; last year's projection was 2024. The two years comes on top of eight more years of initially projected solvency for Medicare due to the Affordable Care Act.

talkingpointsmemo.com