Beto advocates raising retirement age and means testing for SS

[exboyfil]

120. Yes I was one of the first federal workers to start

with Social Security right out of college. I think I have been near the 6.2% my entire working career. I left the federal job after less than a year.

I think there has to be a red line at 6.2%/6.2%. I don't want to see the withholding increased even though it won't impact me as much (from 5 to 12 years left to work depending upon how long my employer decides to keep me). I think any more is not fair to the next generation.

The first SS issue is retiring the Treasuries in the Trust Fund. Do we have the political will to pay the approximately $150B/yr for the next 20 years (this is an estimate) necessary to deplete that Trust Fund with payments to the current beneficiaries.

After that we either have to go with 60-70% of benefits, reduce the pay out (either through extending the age or lower payouts), increasing the cap, developing another tax stream like capital, or increasing the withholding amount. Another option is dramatically increasing immigration (assuming those immigrants are significant net taxpayers), but that also runs the risk of resentment by race (why are all these Latinos paying to keep all these Anglos in retirement).