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

General Discussion

HooptieWagon

(17,064 posts)

3. What is being overlooked in SS discussion...

Reply to WillyT (Original post)

Mon Jun 3, 2013, 03:09 PM

Jun 2013

is that a couple decades ago, SS withholding was increased on the baby boomers to cover their retirement costs...so there wouldn't be an undue burden on the successive generations. This is one reason why SS has continued to operate in the black, expanding the SS surplus. To then cut benefits on boomers, who have already been paying extra to generate a surplus to cover their benefits, is simply unfair.

Edit history

Please sign in to view edit histories.

Recommendations

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

4 replies

= new reply since forum marked as read

Highlight:

The Geezers Are All Right - Paul Krugman/NYT [View all] WillyT Jun 2013 OP

Ha! That's such a great point. denverbill Jun 2013 #1

Agreed... WillyT Jun 2013 #2

What is being overlooked in SS discussion... HooptieWagon Jun 2013 #3

Yes, they raised our taxes giving SS a surplus, then started using the surplus to balance the budget denverbill Jun 2013 #4