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Reply #13: First, get Social Security overpayments out of the general fund [View All]

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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-29-07 12:24 PM
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13. First, get Social Security overpayments out of the general fund
Nothing you do to raise the cap or increase the rates will have any effect at all until you do that. We're already paying enough in OASDI to allow Congress to scrape 40% off the top to disguise the true effect of tax cuts to the richest. Removing overpayments from the general fund would mean that they could be used within the system, itself, both to insure future payouts and to shore up Medicare.

Raising the top marginal rate is an absolute necessity, but why not make it a truly progressive tax with confiscatory rates for those greedy CEOs who are looting companies while they stiff their employees? This alone will improve the standing of the dollar as pressure is taken off the money supply by the ever increasing Federal debt.

Considering how much of the inflation Washington says we're not experiencing is coming from increased fuel costs, your gas tax is a bad idea. If the dollar ever improves to the point that we're lusting over H2s to drive every day from the exurbs, THAT is the time to impose such a tax. It would be unconscionably inflationary now.

Pulling out of Iraq is essential, both for them and for us.
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