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View Diary: Why do Republicans hate Social Security? (218 comments)

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  •  msm - it's a gimmick (3+ / 0-)

    To keep under President Obama's pledge to not raise taxes on families earning under $250,000. It creates a donut hole that closes over time. However, the fundamental issue is that the people contributing at over the $250,000 earn no additional benefit beyond what the people earning $107,000 pay. This changes SocSec as we know it. The fundamental concept is that your benefit is determined by your contributions.  

    "let's talk about that"

    by VClib on Fri Sep 23, 2011 at 08:14:14 AM PDT

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    •  Yes, I saw the gimmick angle the first (2+ / 0-)
      Recommended by:
      VClib, blueoasis

      time I read about this, but wanted to believe there was some kind of economic reasoning behind it.  Apparently not.  

      As far as I know, the President has not signed Norquist's Pledge, so is under no obligation to keep his "no-new-taxes-for-under-$250K" promise.  I'd much prefer a gimmick-free approach for changes to Social Security.

      I am in favor of raising the cap to reflect current financial earnings with a continuation of benefits determined by contributions.  I'm not in favor of 'means testing' which I believe defeats the original purpose.

      I'm rather surprised that Senator Sanders would sponsor legislation based on politically motivated gimmicks which apparently fool no one.  

      May the forces of evil become confused on the way to your house. George Carlin

      by msmacgyver on Fri Sep 23, 2011 at 08:32:29 AM PDT

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    •  FYI - SS cap increases (1+ / 0-)
      Recommended by:
      VClib

      Contribution and Benefit Base - 1937 - 2011

      http://www.ssa.gov/...

      May the forces of evil become confused on the way to your house. George Carlin

      by msmacgyver on Fri Sep 23, 2011 at 09:11:46 AM PDT

      [ Parent ]

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