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Reply #7: What's the cap at now? I forget! [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Suich Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-13-09 09:48 PM
Response to Reply #1
7. What's the cap at now? I forget!
TIA!
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  -The Economists Who Missed the Housing Bubble Are Coming After Your Social Security! (TPM) KoKo  Feb-13-09 07:59 PM   #0 
  - The only thing I want to see done with Social Security, is to see the cap removed  notadmblnd   Feb-13-09 08:03 PM   #1 
  - What's the cap at now? I forget!  Suich   Feb-13-09 09:48 PM   #7 
  - $106,000 in 2009 n/t  Cleita   Feb-14-09 12:16 AM   #12 
  - last I knew it was like 85,000  notadmblnd   Feb-13-09 10:19 PM   #9 
  - They raise it regularly to keep it covering 90% of wages.  Hannah Bell   Feb-14-09 12:27 AM   #13 
  - Amen. Problems solved.n/t  Cleita   Feb-14-09 12:16 AM   #11 
  - There is no problem. But there will be if you remove the cap.  Hannah Bell   Feb-14-09 12:28 AM   #14 
     - Why would that be?  Cleita   Feb-14-09 12:35 AM   #17 
        - The billionaires won't be paying. They don't get most of their income in wages,  Hannah Bell   Feb-14-09 12:53 AM   #18 
           - CEO's do earn wages in the stratosphere.  Cleita   Feb-14-09 01:21 AM   #19 
           - Never said they didn't. I said billionaires in general don't make their money primarily from wages.  Hannah Bell   Feb-14-09 03:43 AM   #24 
              - There is a problem with Medicare partly through underfunding, which comes  Cleita   Feb-14-09 12:43 PM   #28 
                 - I'm not talking about Medicare, I'm talking about Social Security. Don't blur the distinctions.  Hannah Bell   Feb-14-09 05:11 PM   #31 
                    - I don't see how you can't blur the distinctions since what is collected as  Cleita   Feb-14-09 05:19 PM   #32 
                       - The Social Security & Medicare portions are assessed separately, the rates  Hannah Bell   Feb-14-09 10:03 PM   #33 
           - you are exactly right  Celebration   Feb-14-09 08:04 AM   #25 
              - There are two trust funds and they reported a $2.4 trillion surplus in 2008.  bottomtheweaver   Feb-14-09 11:38 AM   #26 
  - BAD idea. The Social Security funding mechanism relies on FAIR payroll compensation.  TahitiNut   Feb-14-09 12:34 AM   #16 
  - You want to see an angry swarm of worker bees then just TALK about screwing with SS.  Phoebe Loosinhouse   Feb-13-09 08:03 PM   #2 
  - Good points...don't know why Josh Marshall & Dean Baker have this alert though unless it's dire....  KoKo   Feb-13-09 08:05 PM   #3 
  - As an old guy boomer here  blues90   Feb-13-09 10:18 PM   #8 
  - When I've got nothing to lose, I'm pitching my tent on the front lawn  Cleita   Feb-14-09 01:24 AM   #20 
  - Agreed - that was what turned many people against Bush - they  Thickasabrick   Feb-14-09 12:48 PM   #29 
  - If Obama is true to his campaign pledges SS is safe & will get stronger.  The_Casual_Observer   Feb-13-09 08:06 PM   #4 
  - they will do whatever they want  marketcrazy1   Feb-13-09 08:18 PM   #5 
  - He wouldn't be messing with it, then.  Hannah Bell   Feb-14-09 12:29 AM   #15 
  - What can we say about this? Hopefully it is not true?  Greyhound   Feb-13-09 08:59 PM   #6 
  - Who are these economists?  JDPriestly   Feb-14-09 12:11 AM   #10 
  - Word has it, huh?  Lasher   Feb-14-09 01:55 AM   #21 
  - Not so surprising. Here's what Obama told the WaPo on Jan. 15:  bottomtheweaver   Feb-14-09 03:02 AM   #22 
     - Good point. I just got concerned.  Lasher   Feb-14-09 03:09 AM   #23 
        - Or those who want to spend it :(  varelse   Feb-14-09 11:57 AM   #27 
  - I'm not economist but I saw the housing bubble bursting...  Catshrink   Feb-14-09 12:56 PM   #30 
 

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