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Reply #40: That is my conclusion as well. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-01-10 09:38 AM
Response to Reply #38
40. That is my conclusion as well.
Eliminating the funding source for SS at the same time making it means test (welfare) will kill it. Inertia means it will take a long time to unwind but it will be unwound.

The idea that poor will save on taxes is equally silly. So FICA tax goes away. Well blam you just added nearly $1T deficit to general fund. Crap how are we going to pay for it. Lets see..... RAISE TAXES. The poor have plenty of money now right (they just got a 6.2% tax break).

So income taxes go up and net-net poor end up paying the same amount, social security is much more insolvent, and you now how pressure from those on the top to eliminate this "welfare program".

1-2-3 = Social Security dead in our lifetime.
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