Reply #70: So you also support increasing FiCA taxes every year for the years you refuse to support

[dkf]

Raising the retirement years?

"Under the Increased Payroll Tax scenario, payroll-tax rates are assumed to be increased as needed beginning in the year of trust-fund exhaustion so that present-law scheduled benefits would always be payable in each year. The payroll-tax rate would begin to increase from the present law amount of 12.4 percent beginning in 2042. The payroll-tax rate increases to 17.01 percent in 2043 and continues to increase year-by-year until reaching 18.32 percent in 2078. It is expected that, under this scenario, further increases in the payroll tax rate would be needed after 2078 due to continuing increases in life expectancy."

http://www.ssa.gov/OACT/NOTES/ran5/an2004-5.html