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Reply #245: OK, you keep on believing that, if you want to [View All]

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customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-23-10 12:40 PM
Response to Reply #242
245. OK, you keep on believing that, if you want to
In the meantime, I predict that efforts by both Democratic and Repuke administrations and Congresses will do whatever they can to make sure the inflow to Social Security usually exceeds the outflow, and they'll do whatever they can to avoid having to deal with those IOU's.

For Democratic leaders, that means raising FICA taxes as the primary solution, for Rethugs, it will mean pushing the retirement age ever further away, since it really isn't as hard to sit at a desk like their people do, versus hard physical labor like working class people do. Frankly, I expect both sides to embrace the idea of reducing the COLA, especially since we're about to do away with another one this next year. If the world does not collapse as a result, look for reductions in the COLA formula to be part of the fix.

Yes, your retirement plans are not material to this discussion, only to what you'll do as a result of the decisions made by people in government that are the subject of this discussion.
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