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View Diary: Social Security Chief Actuary: Super Congress cuts would hurt current beneficiaries (44 comments)

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  •  The one option you'll hear nothing of... (5+ / 0-)

    is to simply raise the cap on FICA wages. Right now you stop paying into Social Security after about the first 110k of earnings.

    The fund is solvent until 2024 for Medicare, and 2036 for Social Security. To deal with this non-crisis now, just hike that cap or eliminate it.

    Balkingpoints.com - global issues

    by Balkingpoints on Fri Oct 21, 2011 at 06:41:52 PM PDT

    •  new cap beautiful: $110,100 (1+ / 0-)
      Recommended by:
      Zack from the SFV

      Much more binary than $106,800.

      Yes I am a little anal on this topic. Why do you ask?

    •  It is a sop to the bourgeoisie (1+ / 0-)
      Recommended by:
      maybeeso in michigan

      I mean, me.  In millions of American homes where there are two pay checks from working people in jobs like school administrator, store manager, accountant, pharmacist, fire chief etc., it isn't unusual for one of both of the joint filers to be making more than $110k/year, but certainly not hugely more. In those households, their take home pay goes up every November/December. It's extra Xmas money. I benefit from it and it stinks.

      And no, I'm not sending the money back.

      Bumpersticker: GOP. Cheering Death. Booing Soldiers. Join Us.

      by LeftOfYou on Fri Oct 21, 2011 at 06:56:21 PM PDT

      [ Parent ]

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