General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNothing will take Social Security off the table
On Social Security, I continue to hold the unpopular view the liberals would be well served if they could make a deal. Raise the income cutoff to get more revenue, change the inflation formula to cut benefits a bit, toss in a few other smallish items that would be phased in over 20 years, and you're done. Social Security would be off the table for decades.
Nothing will take Social Security off the table for decades. They could cut benefits in half and extend the expected solvency of the program for 12 trillion years, and the Washington Post would be back the next day informing us that this was a good down payment, but much more "reform" needs to happen blah blah blah.
They really do want to starve your granny.
http://www.eschatonblog.com/2012/11/nope.html
msongs
(67,462 posts)unblock
(52,387 posts)there will likely be more seniors and more democrats ten years from now.
not that kicking the can down the road is always a great idea, but in this case we might get a better deal later.
al_liberal
(420 posts)The total attack on SS is because it's about to start contributing A LOT to the budget. As long as they could take the surpluses and spend them things were great. Now that reality has set in and SS will become outlays they want to end it. And doing so would be the greatest THEFT from the American people in history.
AnotherMcIntosh
(11,064 posts)There's too much money at stake for them to not take it.
PoliticAverse
(26,366 posts)and that somewhere is higher taxes. The less Social Security has to pay out the less
trust fund securities have to be redeemed and the less revenue the government has to
raise.
Sekhmets Daughter
(7,515 posts)surely this jerk jests....The COLA increase this year will be 1.7% for 2013. They changed the formula years ago which is why food and fuel are not included. Funny how they think seniors neither eat nor drive.
Vincardog
(20,234 posts)our Baby Boomer bulge in the retirement population?
Fuddnik
(8,846 posts)Sekhmets Daughter
(7,515 posts)expected it to be temporary. What they absolutely didn't expect is that corporate America would go on a mission to bankrupt the middle class by keeping wages stagnant for 30 years. The SS Trust Fund would be spitting $10. gold pieces if wages had kept up with productivity.