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In reply to the discussion: Social Security heading for insolvency even faster [View all]TheWraith
(24,331 posts)4. Don't take these projections too seriously.
It's like trying to predict the weather next August. There's far too many variables, which vary too quickly, to really make an accurate projection. Economic upturns push more money to the SSTF, downturns mean less, and there's room for a LOT of those over the next 20 years.
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Obama's "Deficit Commission" (Simpson-Bowles) recommended a $50,000 cut in lifetime benefits
MannyGoldstein
Apr 2012
#27
And wasn't that before Obama cooked up the 2% cut in Social Security taxes?
dflprincess
Apr 2012
#33
So appointing the two biggest foes of Social Security to run a "deficit commision"
MannyGoldstein
Apr 2012
#32
We simply need to raise the cap on SS funding, and eliminate the Reagan tax cuts.
grahamhgreen
Apr 2012
#30