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View Diary: Can you work against the social safety net and still call yourself a Democrat? (173 comments)

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  •  sure it's interesting... (3+ / 0-)
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    aliasalias, triv33, Onomastic

    but projections that far out are based upon assumptions that will invariably be incorrect.  the trustees assumptions are based upon a no growth scenario.  there are a lot of variables out there, growth, inflation, unemployment, wage growth or compression among them.  it's a fair bet that the projections are horribly wrong, because the chances of nothing changing over the next few decades is slim to none.

    i think that the best, easiest fix, is to make a legal arrangement that no matter how unequal income becomes, 90% of income is subject to the fica taxes which will virtually  guarantee that the system can pay out as it goes barring a complete economic collapse or an economic contraction just short of said collapse. (which of course i wouldn't entirely rule out, but in that case there will have to be enormous adjustments made to everything and all bets are off.)

    i'm part of the 99% - america's largest minority

    by joe shikspack on Tue Jan 08, 2013 at 12:23:36 PM PST

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    •  Yes, the CBO projections are based upon current (2+ / 0-)
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      joe shikspack, Cedwyn

      conditions and subject to change as conditions change.

      But I don't see how that means that their projections shouldn't be a factor in discussions about Social Security.

      If that's the rule than we wouldn't have anything to discuss on the site, given that things are changing all the time.

      I'd like a good conversation about what can be done to change course to prevent what the Trustee Report outlines.

      It would be nice to take proactive action for once instead of knee jerk reaction.

      Hope you  write a diary on the legal argument for increasing FICA to 90% of income.

      "Compassion is not weakness, and concern for the unfortunate is not socialism." Hubert H. Humphrey

      by Onomastic on Tue Jan 08, 2013 at 01:49:39 PM PST

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      •  i'm not saying that we should ignore them... (4+ / 0-)
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        Onomastic, aliasalias, triv33, allenjo

        but there is a certain perspective that one should view them with.  when people say with certainty that the trust fund is going to run out on a tuesday at 8:13am in October 2031, there is a problem.  (either that or they are better than nostradamus)

        i tire of people making those pronouncements in high dudgeon and expecting me to take them seriously.

        yes, certainly there will need to be some adjustments made in the future, but, there is no need to worry about them today and certainly not in the context of the federal deficit or the entirely made up fiscal "crisis" that the politicians are on about.

        i'm part of the 99% - america's largest minority

        by joe shikspack on Tue Jan 08, 2013 at 02:13:39 PM PST

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        •  yes, things do change (1+ / 0-)
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          and the SS trustees do revise their projections from time to time.  

          the last two updates/revisions have pushed the securities depletion date ahead by a total of 6 years or so.

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

          by Cedwyn on Wed Jan 09, 2013 at 05:18:24 AM PST

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        •  Oh, I don't think Social Security should be part (1+ / 0-)
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          joe shikspack

          of this self created "crises" either.

          But it is.

          So how do we push back against MSM and Republican BS?

          They're the ones spinning this crap for all they're worth.

          I'd think that repeatedly pointing out how wage stagnation/income inequality/tax breaks for big oil, off shore tax havens, etc, have created all of this - the deficit, Social Security short fall, the economy crashing, - would resonate hugely with most Americans.

          It's all part of the whole. At least that's the way I see it.

          "Compassion is not weakness, and concern for the unfortunate is not socialism." Hubert H. Humphrey

          by Onomastic on Wed Jan 09, 2013 at 06:29:42 AM PST

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