Clinton’s Plan For Gutting Social Security

[Boreas]

Originally Posted by nailer

The concepts of solvency, sustainability, and budget impact are common in discussions of Social Security, but are not well understood. Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits. This increase in cost results from population aging, not because we are living longer, but because birth rates dropped from three to two children per woman. Importantly, this shortfall is basically stable after 2035; adjustments to taxes or benefits that offset the effects of the lower birth rate may restore solvency for the Social Security program on a sustainable basis for the foreseeable future. Finally, as Treasury debt securities (trust fund assets) are redeemed in the future, they will just be replaced with public debt. If trust fund assets are exhausted without reform, benefits will necessarily be lowered with no effect on budget deficits. https://www.ssa.gov/policy/docs/ssb/...v70n3p111.html

Hillary, with Congress' blessing, can increase SS taxes and/or decrease benefits. Nothing new here.

There's a third way that doesn't involve raising taxes across the board.

[bobabode]

Originally Posted by Boreas

There's a third way that doesn't involve raising taxes across the board.

Yep, eliminate the cap and viola!

[CarlV]

I like Bernie's way, make everybody pay for their fair share but this country is too much into giving the richest of us a free ride.


Carl

[nailer]

Originally Posted by Boreas

There's a third way that doesn't involve raising taxes across the board.

Sounds like raising taxes to me.

[Boreas]

Originally Posted by nailer

Sounds like raising taxes to me.

Read what I wrote.

[merrylander]

Another modified ASSange leak?