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In reply to the discussion: Elementary Social Security. [View all]kentuck
(111,092 posts)7. Also, as I stated...
" The worst scenario would be that the benefits would have to be cut if it ran into a shortfall. Or it would need to be changed in some small way to meet its needs."
Because enough funds are coming in today to meet 75% of the present payouts 25 years from now.
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The argument is that it is "no big deal" that younger workers won't collect in full.
Romulox
Jan 2013
#4
There will be plenty in the trust fund if we increase the amount of income subject to payroll taxes.
JDPriestly
Jan 2013
#54
It was created as an insurance plan that had hardly any paid beneficiaries at the time.
dkf
Jan 2013
#22
If we want to talk about investment how's that $4 spent for the elderly and disabled for $1 for kids
dkf
Jan 2013
#47
Our priorities are that the elderly and disabled are 4x as important as our kids as evidenced by our
dkf
Jan 2013
#56
dkf, many of the baby boomers have 401(K)s and other pension plans that invest in the
JDPriestly
Jan 2013
#60
What do you mean by equalizing the payout based on FICA contributions?
democrattotheend
Jan 2013
#27
You really want to argue a 25% cut is insignificant when people are devastated by 2% payroll taxes?
dkf
Jan 2013
#10
How would they fund minimal living expenses for the elderly if they did not have the Social Security
JDPriestly
Jan 2013
#64
When the economy improves as it will, more money will flow into the trust fund.
JDPriestly
Jan 2013
#74
Yikes. This is a BAD argument. "Only" a 25% cut for me is no large matter? Really? nt
Romulox
Jan 2013
#14
Don't worry. There is no crisis in Social Security. This is just Republican wishful thinking.
JDPriestly
Jan 2013
#66
Wages have been *stagnant* for over 30 years. People keep on talking about cases for SS that
Romulox
Jan 2013
#3
Right, but what we used to define as "full employment" may not be again achieved any time soon.
Romulox
Jan 2013
#12
The only thing wrong with Social Security is that the Republicans didn't create it
liberal N proud
Jan 2013
#28