Reply #74: Completely wrong. Stop reading RW garbage about SS.

[Statistical]

SS is a pay go system. Has been for almost 40 years now.

The SS reform under Reagan actual resulted in current workers paying MORE than necessary to fund current benefits thus generating the surplus which is then loaned to general fund.

"I suggest that we understand that, stop the fantasy, and support those that need it. The general program of SS is going NOWHERE anytime soon, however. While one could perhaps expand benefits to all, means test for income, and get rid of FICA, the actual program isn't going anywhere. Old people vote. "

:rofl:

With our current Congress? Really? A massive risk. Social Security is just fine. The payroll taxes have helped to make income taxes more progressive. Half of Americans pay no income tax, roughly 20% of them get income from federal govt (fully refundable credits, EIC, etc). Income taxes on the poor have been in a downward slide for last 50 years. You think that is a coincidence or maybe it is indirect tax relief for FICA. What do you think happens when FICA goes away?

The idea that we will get rid of FICA, no raise income taxes (those no net benefit), keep benefits the same, and pass $1T in new taxes on the rich (roughly doubling income taxes), and not have any bad things happen is a conclusion one can only reach while high or pushing an agenda under the guise "helping the poor".