Quote:
Originally Posted by beej
From what I've read addressing the Social Security solvency issue is not that complicated. Take the following steps and we're there:
1) Remove the cap on SS taxable earnings (curently $110,100); and
2) Raise the full retirement age by one year over the current age (67 if born after 1960); or
3) Increase FICA on employee and employer by 1/8 of 1%.
The only thing standing in the way of a legit fix for SS is political posturing.
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There's also the intense desire on Wall Street's part to get their mitts
on all that money. Of course, that's what a lot of the posturing is about.
John