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View Diary: The Grand Bargain. What Can Go? (31 comments)

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  •  Two obvious changes: (5+ / 0-)
    Recommended by:
    tardis10, VegLane, AlaskanAnt, bear83, indie17

    Raise the contribution limit on social security.  It's around 110K now.  Nothing above that is currently taxed.  That's much better than raising the age to receive benefits.

    On medicare, eliminate the provision under part D, prescription drugs, that prohibits the government from negotiating with the drug companies over their prices.

    The real issue here is the timeline.  Everything can't get done before the first of the year.  They need to renew the middle class tax cuts, unemployment benefits and the AMT.  Most of the rest of the stuff can wait till after Jan. with the debt ceiling limit next up.

    •  110,100 is about 84%tile (0+ / 0-)

      Income cap used to be at 90%. Adjust it back to 90%.

      Remember job creation means more FICA, and increases the odds that SS is good thru 2090, as the Trustees state in the 2012 low cost scenario.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Tue Nov 13, 2012 at 04:32:58 PM PST

      [ Parent ]

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