General Discussion
In reply to the discussion: Workers have been paying higher social security taxes than necessary for 30 years. In 1983, [View all]sabrina 1
(62,325 posts)three decades from now is to raise the cap on SS and increase employment, which hopefully will happen anyhow. The projections you made are based on the current economy and as anyone can see, even in a bad economy with high unemployment, SS has still had a surplus every year.
That is partly due to the fact that SS has two other sources of income, one being interest on the Treasury Bonds.
We are being lied to, outright lied to by John Boehner and Romney most recently, who shamelessly claim that SS is 'going broke' but considering who they work, no surprise.
What is also shameful is the lack of a clear statement from the Dem Leadership putting that lie to rest. I am waiting and hoping to hear such a statement and to finally see SS removed from any discussion of the Deficit since it had, has nothing to do with the deficit.