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In reply to the discussion: Please: everyone on DU needs to see the following post... [View all]sabrina 1
(62,325 posts)9. Here is the link. Posting the url for you:
http://www.dailykos.com/story/2013/03/28/1197514/-Day-4-SSD-blogathon-SS-is-not-going-broke-by-2033-stop-saying-it-Dems
You are right, everyone needs to read it and send it to as many people as they can.
Nothing really new here, we know that SS is not in trouble, doesn't need to be 'fixed' and we should be increasing, not decreasing, benefits.
And why, why, why is anyone, let alone any Democrat even mentioning SS in the same sentence as the Deficit??
One more time: SS Had, has nothing to with the deficit. Anyone saying that, hinting at it, just mentioning those two issues together to create the impression that it did, is LYING!
The lies persist.
It is shameful that we have to keep correcting the lies about SS.
You are right, everyone needs to read it and send it to as many people as they can.
Now Remember the Low Cost Scenario says SS is good thru 2090.
Real GDP:
When we look at 2 scenarios, Low Cost (2.8%), Intermediate cost 2.1% and compare GDP the low cost should not be thought of as unattainable. Much conventional wisdom say 3% to 3.5% is about the best we can do with Energy and Resource constraints. Once we reach 20% from Solar and 20% from Wind, renewables will dominate the market. And be cheaper. And help the Economy.
And what happens to the labor market as the Boomers retire, the labor market tightens up and employers will start competing for workers, this will help drive wage growth, which means more FICA.
If GDP grows at 2.6% over 20 years, but inflation is a it less than predicted in the low cost scenario, we can still get to 2090. Or if inflation is worse than expected, but Wage growth and job creation are real good, we still can get to 2090. (Remember real good job growth coupled with real good wage growth will spur some inflation.)
Real GDP:
When we look at 2 scenarios, Low Cost (2.8%), Intermediate cost 2.1% and compare GDP the low cost should not be thought of as unattainable. Much conventional wisdom say 3% to 3.5% is about the best we can do with Energy and Resource constraints. Once we reach 20% from Solar and 20% from Wind, renewables will dominate the market. And be cheaper. And help the Economy.
And what happens to the labor market as the Boomers retire, the labor market tightens up and employers will start competing for workers, this will help drive wage growth, which means more FICA.
If GDP grows at 2.6% over 20 years, but inflation is a it less than predicted in the low cost scenario, we can still get to 2090. Or if inflation is worse than expected, but Wage growth and job creation are real good, we still can get to 2090. (Remember real good job growth coupled with real good wage growth will spur some inflation.)
Nothing really new here, we know that SS is not in trouble, doesn't need to be 'fixed' and we should be increasing, not decreasing, benefits.
And why, why, why is anyone, let alone any Democrat even mentioning SS in the same sentence as the Deficit??
One more time: SS Had, has nothing to with the deficit. Anyone saying that, hinting at it, just mentioning those two issues together to create the impression that it did, is LYING!
The lies persist.
It is shameful that we have to keep correcting the lies about SS.
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It is indeed an important read...but the link in your OP doesn't take one to the right place (for me
NRaleighLiberal
Apr 2013
#2
Yes that's a big part, raising the minimum wage would be a large help too.
xtraxritical
Apr 2013
#40
The current attempt might not fail exactly because a Dem instead of Bush is in office
Dragonfli
Apr 2013
#53
I always find it interesting that you often feel the need to publicize certain posts
Number23
Apr 2013
#57
That Reagan guy David Stockman (is that his name?) was on MSNBC today
senseandsensibility
Apr 2013
#60
No kidding, now stop the crap, raise the cap, and extend Medicare to all!
mountain grammy
Apr 2013
#61
It would be wonderful if those optimistic GDP growth predictions are correct.
Nye Bevan
Apr 2013
#62