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In reply to the discussion: Well this is just great..... Social Security and Medicare will run out of money in just over a decade [View all]Xolodno
(6,610 posts)69. They'll probably do what they usually do.
Raise the retirement age after a certain year and lower benefits after that year as well. They just keep kicking the can down the road. Eventually they'll have to raise the tax cap and increase contribution. And it would also help out if they force a company match on 401k's with employee's above a certain level, part time or not.
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Well this is just great..... Social Security and Medicare will run out of money in just over a decade [View all]
a kennedy
May 2024
OP
People who demand congress pay back all the money owed to SS or wanting a 'lockbox" don't understand it.
MichMan
May 2024
#63
Yes, they have. In 1975, my boss said, "SS won't be worth a damn when we retire."
raccoon
May 2024
#108
Social Security is an easy fix. Just raise the limit of income that can be taxed.
patphil
May 2024
#8
People who contribute more have far more benefits than the average SS recipient.
former9thward
May 2024
#75
This assumes they would get significnatly greater benefits from the contributions.
Gore1FL
May 2024
#84
Assuming we don't extend the top benfits past what they are now other than on a COLA basis
Gore1FL
May 2024
#92
Tax corporate capital gains, siphon from inheritances, and tighten corporate tax avoidance schemes.
PufPuf23
May 2024
#95
But what I suggest is more egalitarian than status quo and solves any funding problems. nt
PufPuf23
May 2024
#110
The simple answer is that if we could raise taxes that much it needs to be distributed among many needs--
Silent Type
May 2024
#32
They do, and us middle- and lower-class people took our share of tax cuts. Raising taxes ain't as easy.
Silent Type
May 2024
#45
What does that even mean when it comes to the odds of getting a big tax increase?
Silent Type
May 2024
#49
Actually, SS Trustee says if we do nothing by early 2030s, all SS beneficiaries take a 20+% cut.
Silent Type
May 2024
#50
Wasn't disagreeing with you, simply putting a number on the potential cut if we do nothing.
Silent Type
May 2024
#62
Well here it is since you seem to have a quarrel about how it was reported.
former9thward
May 2024
#76
This has been known for over a decade. Obama tried to do something about it and was severly bashed by his own Party
Silent Type
May 2024
#29
For decades SS ran a surplus which the rest of the government has gladly spent and used to keep deficits
dsc
May 2024
#31
Simple solutions: Medicare for all/single payer healthcare and deletion of the SS salary cap
Rocknation
May 2024
#52
Maybe if Congress stayed out of the piggy bank, and there was means testing so guys like ...
marble falls
May 2024
#53
it would NOT "force benefit cuts"--- that is the decision of Congress!
DemocraticPatriot
May 2024
#89