General Discussion
In reply to the discussion: Faced with these numbers, the chained-CPI benefit cut is … well, embarrassing. [View all]Life Long Dem
(8,582 posts)20 years can come fast. Then we're really screwed.
Goodbye SS.
I don't think we can take the chance of letting any Republican in office to fix it. If they win a few terms then it could be too late.
Here's Dick Durbin talking about this. This was back in November of last year.
"As I learned in 1983, putting off a challenge until the last minute makes the task much harder to achieve. However, if we make modest changes in the near future to ensure 75 years of solvency in Social Security, we can phase in adjustments in a responsible way that protects current beneficiaries and ensures the program will remain a key part of the safety net for future generations.
The best way to approach this is to create a commission, similar to the Simpson-Bowles deficit panel, charged with preparing a long-term strategy on Social Security. Then bring it to the Congress next year for a debate and a vote.
Sen. Dick Durbin, D-Ill., is the Senate assistant majority leader."
http://www.usatoday.com/story/opinion/2012/11/27/social-security-dick-durbin/1730633/