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Reply #83: .... and if we do only that, just how long will it last? [View All]

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moriah Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-28-10 04:49 AM
Response to Reply #79
83. .... and if we do only that, just how long will it last?
The trust fund stands at about $2.5 trillion right now. That's 1/100th of what we've got that we need to get put back into the fund. Yes, sure, it does need to be repaid, I'm not disagreeing with you there at all.

But is that really going to make social security last much longer without either raising taxes or cutting benefits? Will it make the trust fund reserve last even a year longer at current benefits? Believe me, I much prefer the idea of raising taxes on people who are making over $250k a year so that they pay at least somewhat closer to the percentage of income into social security, FICA, and Medicare that the ones of us making less than $109k do, instead of cutting benefits from an already small check.

But if you can't see that it does need to be fixed... Wow.
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