General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTo those demanding an absolute ban on consideration of any changes to SS and Medicare...
...this year I will be receiving a promotion and a salary increase of about $25,000. Setting aside the income tax situation (I'm under the $250,000 cap, so presumably my taxes won't rise), am I to understand that you feel I shouldn't pay a penny more in FICA payments then I do now?
limpyhobbler
(8,244 posts)elleng
(141,926 posts)and I'll affirm that nothing should be off the table.
limpyhobbler
(8,244 posts)I agree with the person who said this OP is pointless.
elleng
(141,926 posts)sabrina 1
(62,325 posts)to force that lie on the public in order to privatize SS funds. The issue raised by the OP has zero to do with why people are opposed to the Grand Bargain.
ProudProgressiveNow
(6,189 posts)HiPointDem
(20,729 posts)HereSince1628
(36,063 posts)sabrina 1
(62,325 posts)the problem. SS had nothing to do with the deficit and should not be mentioned at all in any discussion of reducing the Deficit.
That lie needs to be debunked as it is an excuse to try to privatize the SS fund.
SS is a paid benefit that is funded (and will send full benefits to seniors) until 2037 and does not add to the deficit in any way because, as I said, its paid for with money withheld from paychecks. The income cap can be adjusted up as was done in the 80s, maybe early 90s, that will fund it for 75 more years. I'm not sure what the poster of the OP is trying to do but it sounds that if the cap was raised he would not miss the few additional dollars withheld from his check. It's a great program that has worked well since President Roosevelt instituted it and the repugs need to keep their hands off the huge pile of money if represents, and that them and their Wall Street masters are salivating over. If it ain't broke, don't fix it. If it needs shoring up, adjust the cap up a tad.
MotherPetrie
(3,145 posts)If BUSH were president, would I support it or be against it?
And whatever answer I come up with, is the answer I apply to the current administration.
MannyGoldstein
(34,589 posts)Once we start fiddling with Social Security in any way, shape or form, there will be other dramatic changes such as the 22% cut in benefits that the President's commission recommended, and seniors will be clusterfucked.
I certainly support raising taxes on those who are doing pretty well (I'm over the cap too), but in this climate of bipartisan salivation over the $2.6 trillion in the Trust Fund, touching Social Security in any way will turn into a disaster.
Social Security itself is in very fine shape. The projections that it will only pay 80% of promised benefits starting 25 years from now are based on cooked numbers, they assumes that the economy will stay as bad as it is today forever. If the economy recovers even partially, then it will pay 100% for at least as far into the future as has been modeled (75 years).
forestpath
(3,102 posts)HiPointDem
(20,729 posts)forestpath
(3,102 posts)WorseBeforeBetter
(11,441 posts)"Changes" I'm open to, like RAISING THE CAP.
closeupready
(29,503 posts)however, meaning we support lifting the income cap.