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Author: CountUpp Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 439267  
Subject: More on SS and Medical Care Date: 12/13/2012 7:44 PM
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http://finance.yahoo.com/blogs/daily-ticker/social-security-...

Social Security Is the Best-Funded Government Program: David Cay Johnston.

Johnston suggests three fixes for Social Security:

1. Raise the wage base subject to Social Security taxes from $110,00 to $200,000. That would restore the share of American wages covered by Social Security to 90%, like it was under President Reagan, from 83% currently.

2. Raise the Social Security tax by 2 percentage points. The higher tax could help offset the fund's drop due to declining wages. The Social Security tax is currently 6.2% for employers and 4.2% for employees. It was cut for employees two years ago as part of the payroll tax holiday and set to expire at the end of the year. President Obama wants to extend the tax cut.

3. Increase employment and wages. Of course, this is easier said than done and something that politicians are scrambling to accomplish. When more people are working, the government collects more funds for Social Security.
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Essentially he says SS is in good shape. Medicare neads tweaks.

Count Upp
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