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Financial Planning / Social Security Reform
|Subject: Re: Social Security and US Debt||Date: 4/11/2011 11:38 AM|
|Author: SeattlePioneer||Number: 5257 of 5269|
<<>> I cannot, for the life of me, understand why the rates are not increased. <<
Easy to say when you've paid the lower rates all your life and will pay little or none at the higher rates you're asking kids and grandkids to pay on top of their already watered down economic expectations for younger generations compared to today's older generations.>>
Exactly. Predictions of a demographically based bust of Social Security and Medicare have been commonly available since the early 1970s--- that's forty years.
Less than ten years ago Teddy Kennedy and most Dems were crowing about the how solid financially Social Security was to counter Bush's proposal to give Gen X, Y and Z part ownership of their Social Security taxes.
It's only in the past couple of years that Dems have been willing to acknowledge the calamities their pay as you go system imposes on the nation.
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