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ErikJ

(6,335 posts)

14. Greenspan Commission DOUBLED payroll taqxes

Reply to MannyGoldstein (Reply #12)

Sun Oct 28, 2012, 12:02 AM

Oct 2012

1) President Reagan appointed Greenspan as chairman of the 1982 National Commission on Social Security Reform (aka The Greenspan Commission)

2) The Greenspan Commission recommended a major payroll tax hike to generate Social Security surpluses for the next 30 years, in order to build up a large reserve in the trust fund that could be drawn down during the years after Social Security began running deficits.

3) The 1983 Social Security amendments enacted hefty increases in the payroll tax in order to generate large future surpluses.

http://dissidentvoice.org/2010/04/how-ronald-reagan-and-alan-greenspan-pulled-off-the-greatest-fraud-ever-perpetrated-against-the-american-people/

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10,000 Baby Boomer's a day will retire for the next 19 years. Lets discuss this.... [View all] Quixote1818 Oct 2012 OP

Does anyone know where's the party? flamingdem Oct 2012 #1

How many elderly hips will break dflprincess Oct 2012 #3

LOL! We just bought a house with steps up to the bedrooms and steps down to the basement........... leftofcool Oct 2012 #4

That's the number one reason we need Obamacare! flamingdem Oct 2012 #5

Works for me. leftofcool Oct 2012 #7

We'll have Medicare dflprincess Oct 2012 #10

18 more months for hubby to age 66. We are done. Going to be part of the 47% who leftofcool Oct 2012 #2

Or not. Afterall, we have to support the tax breaks and loopeholes for the aholes. MichiganVote Oct 2012 #6

some of us will have to work until we die because we don't have income AND 2Design Oct 2012 #8

I read somewhere that 40% of Boomer's plan to work until they die. nt Quixote1818 Oct 2012 #9

Boomers began retiring and collecting Social Security in 2008. Sekhmets Daughter Oct 2012 #11

Good thoughts...nt Quixote1818 Oct 2012 #13

Social Security has planned for this for many years MannyGoldstein Oct 2012 #12

Greenspan Commission DOUBLED payroll taqxes ErikJ Oct 2012 #14

Yes, but they never took into consideration falling wages. Sekhmets Daughter Oct 2012 #15

Yes, but the republicans have borrowed heavily... malokvale77 Oct 2012 #19

I iz one. Boom! gottavote Oct 2012 #16

Many jobs available starting in about 2025. What jobs are those? And where? Zalatix Oct 2012 #21

The generation prior to the baby boomers sucked it up and educated them. Luminous Animal Oct 2012 #17

Some see too many baby boomers NOT retiring as a burden loyalsister Oct 2012 #18

They won't be retiring without Social Security aletier_v Oct 2012 #20

Everyone has known about us since the 40's.. We are not a stealth-generation. SoCalDem Oct 2012 #22