Name: Xel 2007-01-19 11:09
You heard. Listen to Dean Baker.
http://www.prospect.org/deanbaker/2007/01/the_social_security_trust_fund.html#015167
"The most recent projections from the non-partisan Congressional Budget Office show that Social Security will have enough money between projected taxes and the bonds in the trust fund to pay all benefits through the year 2046, with no changes whatsoever.
This is very important to understand when someone like Federal Reserve Board Chairman Ben Bernanke proposes cuts to Social Security. Workers have already paid for these benefits. The Social Security tax is very regressive. Its regressivity can be justified by the progressive payback structure of the program. However, if the benefits are cut, at appoint when the program can still easily afford the benefits (e.g. 10-20 years), then the government has effectively stolen from the people who paid Social Security taxes."
Aaaw. Perhaps you can privatize Medicare/aid instead? Because, you know, that is actually important and makes sense.
http://www.prospect.org/deanbaker/2007/01/the_social_security_trust_fund.html#015167
"The most recent projections from the non-partisan Congressional Budget Office show that Social Security will have enough money between projected taxes and the bonds in the trust fund to pay all benefits through the year 2046, with no changes whatsoever.
This is very important to understand when someone like Federal Reserve Board Chairman Ben Bernanke proposes cuts to Social Security. Workers have already paid for these benefits. The Social Security tax is very regressive. Its regressivity can be justified by the progressive payback structure of the program. However, if the benefits are cut, at appoint when the program can still easily afford the benefits (e.g. 10-20 years), then the government has effectively stolen from the people who paid Social Security taxes."
Aaaw. Perhaps you can privatize Medicare/aid instead? Because, you know, that is actually important and makes sense.