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View Diary: The Thing About Social Security (178 comments)

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  •  *hugs* (1+ / 0-)
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    thanks for your comments.  i really don't know the answer, but i really think the demographic trends are the bugaboo here.  and i think that's why they're gravitating toward chained CPI; it's more stable over time, regardless of jobs numbers.

    if you don't mind my asking, by "miss every dollar," do you mean inconvenience or hardship?  i only ask because it seems to me that for every senior who would notice the difference, there is one who wouldn't.  and i think that's another part of why chained CPI; if it's structured with hardship protections, it's the most sustainable of the options that can pass the house in the short-term.

    Please don't dominate the rap, Jack, if you got nothin' new to say - Grateful Dead

    by Cedwyn on Sun Dec 23, 2012 at 03:14:14 PM PST

    [ Parent ]

    •  I think that a reasonable fix to SS (2+ / 0-)
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      Roger Fox, Cedwyn

      means taking a variety of small steps, a package of steps, in the next few years to ensure benefits aren't reduced in the long term.

      Inconvenience or hardship? For me, hardship; although that's subjective. Many suffer more hardship than I. For now I have a place to live and adequate, healthy food to eat. As prices rise, there is little to adjust in my already spare budget, which already does not cover "incidentals" like car repair. Where I live, not having a working vehicle is a definite hardship.;) Frills like new clothes and season playhouse tickets fall in the faint memories category.

      My personal finances differ from most of the retirees that I know, seniors who would not even notice the difference with chained cpi. One friend describes SS income as "mad money" to spend; another spends all her SS income on her kids and grandkids; others assign some or most SS income to vacation travel. But I don't think they represent the average SS recipient.

      The sh*t those people [republicans] say just makes me weep for humanity! - Woody Harrelson

      by SoCalSal on Sun Dec 23, 2012 at 06:40:38 PM PST

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      •  Do you assume SS is broken (0+ / 0-)

        I dont.

        The economy is. I make my case here

        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 Sun Dec 23, 2012 at 08:00:52 PM PST

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        •  No, I don't believe SS is broken. (2+ / 0-)
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          Cedwyn, Roger Fox

          Read and rec'd your diary. Yes, stronger employment would improve the Trust Fund (convince some Repub legislators to pass jobs bills, please). How much longer I don't know, considering the numbers of Boomers retiring.

          Sure would be fun to have access to CBO/SS data and projections software.

          The sh*t those people [republicans] say just makes me weep for humanity! - Woody Harrelson

          by SoCalSal on Sun Dec 23, 2012 at 09:14:35 PM PST

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