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eridani

(51,907 posts)

3. Correct. FICA was raised in 1983 specifically to build up the SocSec Trust Fund--

Reply to newfie11 (Original post)

Wed Apr 18, 2012, 06:34 AM

Apr 2012

--for Boomer retirement. We are the first generation to prepay our retirement at the same time we paid for our parents. The trust fund should be fully depleted as the last of us kicks the bucket, and then it can go back to one on one until some similar demographic issue comes up.

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Does anyone remember Thom Hartman saying this? [View all] newfie11 Apr 2012 OP

It's true that once we get over the Baby Boomers hump, the burden will once again go back down. LAGC Apr 2012 #1

Indeed, Reagan initiated an increase in contributions tech3149 Apr 2012 #2

Correct. FICA was raised in 1983 specifically to build up the SocSec Trust Fund-- eridani Apr 2012 #3

Thank you all so much. newfie11 Apr 2012 #4

Do not forget that AARP is in the Insurance racket....so public option is not to their Bluenorthwest Apr 2012 #5

Right you are! newfie11 Apr 2012 #6

Remember there are fundamental differences in funding SS and Medicare muriel_volestrangler Apr 2012 #7