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Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19483  
Subject: Re: Expanding Social Security Date: 11/22/2013 6:21 PM
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<So there’s a strong case for expanding, not contracting, Social Security. Yes, this would cost money, and it would require additional taxes —>>


Democrats are horrified at the prospect that they will actually have to pay benefits out of the Social Security "trust fund," which would explode the Federal deficit yet further.

Just as Ronald Reagan guaranteed that the WWII generation would get paid full SS benefits by increasing payroll taxes, Democrats need to find a way to pay full benefits to the 'Boomer generation without using the trust fund.

That means they need to increase taxes, just as Reagan did. But Gen X, Y and Z are wary of this, since THEY are the ones who would be paying yet higher taxes for someone else's retirement.

So you need smoke and mirrors to hide what politicians are doing. "Increasing Benefits" to pay for the retirement of the Boomer generation while Gen X Y and Z gets socked with higher taxes is no doubt the preferred way of doing that. The benefit increases can be bogus, just as the idea that the "trust fund" would be increased to pay benefits to the Boomers was bogus.


My solution:

Use up EVERY DIME of the Social Security Trust fund to pay benefits! NO new or higher taxes on working people to pay benefits to someone else!


Seattle Pioneer
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