Obama Appears to Have Abandoned the Idea of Cutting Social Security

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signalmankenneth

Verified User
http://www.alternet.org/print/economy/obama-appears-have-abandoned-idea-cutting-social-security

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Thing1 said:
How cool; they'll just have to automatically cut benefits by 25% in 20 years or so.

Should be great for retirees then.
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It won't matter, because they'll raise the retirement age to the upper 80's by then. SS is something only Boomers care about because only Boomers will ever see it.
 
DJ McSwagalicious said:
It won't matter, because they'll raise the retirement age to the upper 80's by then. SS is something only Boomers care about because only Boomers will ever see it.
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You guys will control things eventually, you can then take all our benefits away, and put us in concentration camps or just withhold our prescription drugs and let us die. Don't worry, you have to wait just a little while longer, but your time will come.
 
Sardonic said:
You guys will control things eventually, you can then take all our benefits away, and put us in concentration camps or just withhold our prescription drugs and let us die. Don't worry, you have to wait just a little while longer, but your time will come.
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I'd rather just take the money I've paid into SS (that I'll otherwise NEVER see) and and invest it however I choose.
 
Sardonic said:
You guys will control things eventually, you can then take all our benefits away, and put us in concentration camps or just withhold our prescription drugs and let us die. Don't worry, you have to wait just a little while longer, but your time will come.
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I hate this narrative on SS already. When SS goes belly up in 20 years, it will NOT be the right's fault. The blame will lie squarely with Democrats who chose to either bury their heads in the sand, or were too scared to try to tackle the problems now.

We know what's going to happen w/ SS. It's not a big mystery. When it happens, we have no one to blame but ourselves.
 
Thing1 said:
I hate this narrative on SS already. When SS goes belly up in 20 years, it will NOT be the right's fault. The blame will lie squarely with Democrats who chose to either bury their heads in the sand, or were too scared to try to tackle the problems now.

We know what's going to happen w/ SS. It's not a big mystery. When it happens, we have no one to blame but ourselves.
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Yeah, let's cut benefits now because we can't take the "punitive" step of subjecting higher incomes to the payroll tax.
 
aeprga said:
Yeah, let's cut benefits now because we can't take the "punitive" step of subjecting higher incomes to the payroll tax.
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Sure - like that's all that will take to fix it.

I swear; all it takes is a couple of lefties saying "All SS needs is a few tweaks" in a confident tone, and everyone buys into it. No one wants to think about it; it's too much work to try to actually think creatively about it and solve the problem. Very few under 50 thinks SS will be there for them when they're 70, and they're probably right.
 
Thing1 said:
Sure - like that's all that will take to fix it.

I swear; all it takes is a couple of lefties saying "All SS needs is a few tweaks" in a confident tone, and everyone buys into it. No one wants to think about it; it's too much work to try to actually think creatively about it and solve the problem. Very few under 50 thinks SS will be there for them when they're 70, and they're probably right.
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It's not a problem that requires all that much creative thought. Raise taxes. It's kinda really is all that it will take to fix it. If you really want to get crazy, allow the government to invest trust fund money in a more diverse pool of investments than special treasuries to get a higher return.

I mean, it's really not that big a problem in the grand scheme. Here's a chart I've show you before. Social Security's projected long-term costs are steady and quite moderate. Social Security is the light blue area on the bottom that remains constant over the foreseeable future:

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Also, if the problem is that benefits are going to be cut, I don't see how cutting benefits is all that creative a solution to that particular problem. And anyone who is under 50 who thinks that SS will not be there when they are 70 is an idiot who doesn't understand how Social Security is financed in the first instance.
 
aeprga said:
Yeah, let's cut benefits now because we can't take the "punitive" step of subjecting higher incomes to the payroll tax.
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Wouldnt it be simpler to reverse the changes that were implemented that were unfunded and that threw the spanner into the formula that was designed to make the program solvant ? Vote buying is disaster for fiscal responsibility. All of congress is at fault.
 
aeprga said:
It's not a problem that requires all that much creative thought. Raise taxes. It's kinda really is all that it will take to fix it. If you really want to get crazy, allow the government to invest trust fund money in a more diverse pool of investments than special treasuries to get a higher return.

I mean, it's really not that big a problem in the grand scheme. Here's a chart I've show you before. Social Security's projected long-term costs are steady and quite moderate. Social Security is the light blue area on the bottom that remains constant over the foreseeable future:

CBO2010-baseline-500x190.jpg


Also, if the problem is that benefits are going to be cut, I don't see how cutting benefits is all that creative a solution to that particular problem. And anyone who is under 50 who thinks that SS will not be there when they are 70 is an idiot who doesn't understand how Social Security is financed in the first instance.
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Surplus is no longer a factor
 
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