Social Security: Sustaining The Unsustainable
INCREASING BENEFITS INTO OBLIVION … By FITSNEWS || Social Security – the federal govYou must Subscribe or log in to read the rest of this content.
INCREASING BENEFITS INTO OBLIVION … By FITSNEWS || Social Security – the federal govYou must Subscribe or log in to read the rest of this content.
19 comments
Greenspan is from NYC. Bernanke is from Dillon, SC.
The usual Libertarian alarmist nonsense about Social Security.
The funding is from current payroll taxes, and any future projected shortfalls may easily be funded by the simple raising of the cap on contributions. If carried interest and capital gains were also taxed, funding would last forever.
I sincerely doubt whether raising that cap impacts Will or any other denizen of this comment section.
Saint Reagan did not hesitate to increase both the cap and the rate.
Seems like the cap should’ve been pegged to inflation.
This is one of the few places I part with my conservative friends. I think the same rate should apply all the way up. Why should someone who maxes out be let off the hook ? The few times I maxed out during my working life it didn’t make that much difference. But everyone taken together it could help.
Yeah, it doesn’t make a lot of sense. Apparently they estimate increasing the cap would increase SS funding by $50 million a year. With a $41m per yer shortfall, seems like that would solve that problem.
The cap needs to be eliminated.
Every American should have to pay on 100% of their wages just like the poor saps who make under $117,000.
And, the ‘carried interest’ of the hedge funders and private equity maggots, like Mitt, needs to disappear and be called and considered wages for work – which it what it is – and, have FICA deducted.
It probably wouldn’t affect Folks, but it might affect the people who pay him.
“Now, we’re from South Carolina (like Alan Greenspan) but we do know how to use a calculator.”…did your calculator tell you Greenspan was from SC?
Hey, one Jew at the Fed is the same as another Jew at the Fed to some numb skulls.
Calculate Nikki Haley !
Sen. Tim Scott is all in for Social Security. In fact, he says he’s for raising the SS retirement age so people will have more time to prepare for retirement. Psssh, nobody tell him it isn’t a mandatory retirement age.
And just think when all those newly-government-sanctioned gay brides (w/ mustaches) get entitlement to their husband’s SSI bennies…And how many illegals, when Obama legalizes them, will move to the head of the line for a handout, not earned???
Forcing your MORALITY for me to pay for…how Democrat…how Liberal-Tarian…
Our when the publisher of SC Political Digest suddenly decides he wants his SS cash – he’ll be the first in line. He probably is already there – blogging from his iPhone.
So, it’s fine for everyone but gay people?
It’s time for MARRIED people, who meet the DEFINITION of established marriage!!!…Not tiny, but always-b!t*hing political special interest groups, who think civil rights should be based on sexual preference.
Get used to it, Bigot, it’s going to be the law.
Homosexuals have been getting married for years. Some of them even in “churches” and by “ministers” …I had NO problem with it as a secular pursuit. And even if i did, it would not matter. …People can love whomever they want.
You’re just a F*#king liar about it…and I would not be so sure it’s written in stone. A lot of resistance is taking place in NC.
In a fairy tale libertarian world,like Pete Pan,you never grow old.
“Old age is the most unexpected of all things that happen to a man”
Leon Trotsky
Social security payments will increase by 1.7% to “cover the increase in the cost of living”. Health costs are going up an average of 3.8%. Hows that math suit you Sic Willie?