Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

MannyGoldstein

(34,589 posts)
1. The Trustees are totally full of shit
Tue Dec 18, 2012, 12:00 AM
Dec 2012

To give you an idea... Geithner is the head of the Trustees.

The 2036 number is based on the assumption that our economy never gets better again. If the economy even partially recovers, then Social Security is fine for as many years as has been studied (75 years).

And if the worst did happen, and the economy never recovers, and Social Security can only fund 80% of payments starting in 24 years? Making up the difference will cost less, per year, than the Bush tax cuts for the wealthy.

The wealthiest Americans used to pay taxes at three times the rate they pay now - and the economy was fantastic for decades. Time to do the right thing here.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»The trustees say social s...»Reply #1