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Reply #104: There is no insolvency caused by there being too few workers ... [View All]

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Hansel Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-14-10 06:42 PM
Response to Reply #24
104. There is no insolvency caused by there being too few workers ...
Edited on Sat Aug-14-10 06:42 PM by Hansel
to pay for the retirement of baby boomers. That is a right wing talking point. SS is solvent. The issue is that Bush pissed a ton of our treasury away and now the Republicans don't want to honor the securities in which SS dollars are in because they want to pay off their spending spree with it.

The boomers, starting in the 1980's at the urging of Greenspan and under Reagan's administration, paid doubled the amount for SS taxes so that there wouldn't be a crisis when we were ready to retire. Those of us near retirement paid for our parents and for our own retirement for decades. Boomers have already paid for their own retirement.

Workers right now are paying double as well and when they retire there will be a heck of a lot less people drawing because the boomers will have died. We aren't going to live forever.

So stop buying that BS. They want SS money so the rich don't have to pay back the money they gutted from the treasury and that is all that this is about.
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