General Discussion
In reply to the discussion: Why is Social Security Under Attack from Obama, when it ADDS NOTHING to the deficit??? [View all]grahamhgreen
(15,741 posts)when the President refers to enactment of the "Budget Control Act of 2011" as a "fiscal cliff", and says we must not let the Act take effect on Jan 1 2013.
Since Social Security is still solvent for the next 22 years, obviously we do not need to address it in panic mode in the next 5 days!!!
Right?
(And when we do deal with it, raising the cap is the best way to go: "The Keeping Our Social Security Promises Act, S. 1558, introduced by Senator Bernie Sanders (I-VT), truly strengthens Social Security for future generations. The bill closes Social Securitys 75-year funding gap by applying Social Security payroll tax contributions to covered earnings of $250,000 or more. Currently, only wages up to $106,800 are taxed." http://strengthensocialsecurity.org/media/blog/2011/sanders%E2%80%99-bill-s-1558-guarantees-social-security-for-75-years)