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Fri Dec 21, 2012, 11:40 AM

I have a question about social security

How many of our readers would be willing to have an extra $5 a paycheck deducted, added to the reinstated payroll tax deduction (social security trust fund) if it meant that Social Security would be there for all future seniors?

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Reply I have a question about social security (Original post)
Rocky888 Dec 2012 OP
sinkingfeeling Dec 2012 #1
life long demo Dec 2012 #2
SoCalDem Dec 2012 #3
jody Dec 2012 #4
leftstreet Dec 2012 #5

Response to Rocky888 (Original post)

Fri Dec 21, 2012, 11:45 AM

1. I think a lot of us did that back in 1983 when St. Ronnie doubled the SS rates so we

baby boomers could have peace of mind knowing our SS was safe.

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Response to Rocky888 (Original post)

Fri Dec 21, 2012, 12:30 PM

2. WHERE IS THIS MONEY?

http://wiki.answers.com/Q/How_much_money_did_George_W._Bush_borrow_from_social_security

How much money did George W. Bush borrow from social security?
Congress authorized the spending about $98,700,000,000 that was borrowed from the Old Age and Survivors' Trust Fund during the 8 years of the Bush administration.

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Response to Rocky888 (Original post)

Fri Dec 21, 2012, 12:36 PM

3. SS is fiscally sound.. The "controversy" is fake..

If anyone really wanted to make it MORE fiscally sound, all they need to do is to eliminate the "cap" and make ALL income subject to FICA/SS deductions.,,,,not just "paycheck" income from hourly workers.

Medicare is the issue because we are living longer, but even that can be addressed by using some of the "extra" that cap-removal would generate, and probably only until most Boomers are gone (not that many more years considering how many of us may go uninsured/untreated for that 50-65 gap when so many are unemployed and broke these days...)

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Response to Rocky888 (Original post)

Fri Dec 21, 2012, 12:44 PM

4. Social Security began as "social insurance" during the Great Depression and has morphed into

 

something some people depend upon as complete retirement support.

When "complete retirement support" is defined as the "poverty threshold" or more it makes debate challenging.

I was born before WWII at the end of the Great Depression.

I've watched Social Security grow from "social insurance" into "poverty threshold retirement".

I'm not sure the programs for funding Social Security have kept pace with that change.

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Response to Rocky888 (Original post)

Fri Dec 21, 2012, 12:55 PM

5. If $5 is good, wouldn't $105 be better?

Why not $205?

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