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View Diary: The President Agreed With Mitt Romney on Social Security in the Debate (264 comments)

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  •  If you have read my comments, I have said over (0+ / 0-)

    and over that what I am concerned about is you getting your Social Security when you are my age and that is why I agreed that there need to be certain tweaks and what I think those should be. Which does not include raising the age.

    If you think that Social Security will be there for you and your children and grandchildren with at least the same benefits as now, then great. I remember the crisis of the early '80's in Social Security since I was an adult at that time. I have read the Trustees report for the past several years and while there is certainly not a crisis now, there are things that could be done to prevent one in the future - like Obama's proposal to have FICA taxes apply to incomes over $200,000 with a donut hole between the current cap and the $200,000 in which there would be no FICA taxes.

    If I were not concerned about you and others getting social security benefits, then I would be content to leave it like it is as you seem to want. It is exactly because I want younger people to get at least the same benefits that I am open to "tweaks."

    For the next 18 years, approximately 10,000 baby boomers per day will reach retirement age. That is the challenge for Social Security at this point coupled with a sluggish economy and the fact that we had fewer children to pay into the system to keep current funds adequate for current retirees. If that does not seem to you to present any problems, great. It does concern me for the people who are coming after me.

    If I were of the "I've got mine, so I don't care about you" mindset, I sure as hell would not be wasting my time talking about it or worrying about it.

    You can't scare me, I'm sticking to the Union - Woody Guthrie

    by sewaneepat on Fri Oct 05, 2012 at 04:12:40 AM PDT

    [ Parent ]

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