Skip to main content

View Diary: Bernie Sanders goes against grain, introduces real plan to save Social Security (166 comments)

Comment Preferences

  •  Yes because we can snap our fingers (2+ / 0-)
    Recommended by:
    Sparhawk, wsexson

    and just raise top rates by an effective 12.4%. For a program that needs no extra income for 25 years.

    If that is a 'no-brainer' I shudder to think what the Einsteins out there will come up with.

    Please visit, follow or join our Group: Social Security Defenders

    by Bruce Webb on Thu Aug 25, 2011 at 03:11:34 PM PDT

    [ Parent ]

    •  12.4%... (0+ / 0-)

      "For a program that needs no extra income for 25 years".

      Great...and so, it's a done deal that no more borrowing from Social Security will take place...it's definately in great shape for the next 25 years...and, hey, in 25 years, what will your kids/grandkids be facing with it?

      My goodness.  I'm just so absolutely amazed at how people here seem to try to be just so negative and try so hard to find something they can argue against and try so hard to try to get a "one-up" on some other poster.

      What's that John Daly said?:  "Jesus Christ, Mary, Mother of God !!

      - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

      by r2did2 on Thu Aug 25, 2011 at 03:48:37 PM PDT

      [ Parent ]

      •  Benefits after the projected cut in 2036 (0+ / 0-)

        would still be better when measured in real basket of goods by 20-25% than today.

        This tends to flabbergast people but the basic fact was pointed out at least as early as Dean Baker and Mark Weisbrot's 1999 book 'Social Security: the Phony Crisis' and reinforced by a 2003 CBO Study called 'The Future Growth of Social Security: It's Not Just Society's Aging'. In fact the latter study points out that a full 45% of the future growth in Social Security cost is not the result of demographics but is instead due to the formula that increases real benefits over time.

        You can call this "being negative" if you like. But I have been working this issue since 1997 and in fact have written a pro-active plan that phases in fixes when they are needed using the official tests of the Social Security Trustees and the CBO.

        The plan is called "The Northwest Plan for a Real Social Security Fix" and has been reviewed by top policy experts. And the numbers work. And that is not me playing "one-up-manship" that is me doing my homework and wrestling with the actual numbers and concepts for the last fourteen years.

        In my opinion raising the cap in the way Sanders proposes is the wrong solution at the wrong time based on the actual numbers. You may disagree, and that's fine, but please don't accuse me of just throwing the next generation under the bus. I am committed to proposals that will deliver 100% of the current scheduled benefit, and the NW Plan is just one avenue for doing that. Certainly other options and components can be considered. But frankly a 'crisis' that means my nephew in the worst case scenario under current Intermediate Cost projections will 'ONLY' get a check paying for a 20-25% bigger basket of goods than a similarly situated retiree of today hardly merits the term.

        So maybe you can stick the blasphemy back into the pie-hole from which it emerged. Not that I care about religion per se, but because you are pointing your outrage in the wrong direction here.

        Please visit, follow or join our Group: Social Security Defenders

        by Bruce Webb on Thu Aug 25, 2011 at 04:48:43 PM PDT

        [ Parent ]

        •  Sure (0+ / 0-)
          Not that I care about religion per se, but because you are pointing your outrage in the wrong direction here.

          Right.

          - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

          by r2did2 on Thu Aug 25, 2011 at 05:07:04 PM PDT

          [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site