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View Diary: Why Now is the Time to End the Social Security Tax Loophole (87 comments)

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  •  But SS might be good thru 2090 (1+ / 0-)
    Recommended by:
    Clem Yeobright

     photo SStrustees2090-1.png

    SS might be good with wage growth and job creation, thru 2090 as per the Trustees low cost scenario. Its only 2.8% GDP growth.

    Lets say you can only have one thing:

    20 million jobs and raise min wage, SS is good thru 2090

    Remove cap SS is good thru 2090.

    ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS 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 Mar 26, 2013 at 07:58:45 PM PDT

    [ Parent ]

    •  Roger, I would also prefer the raise the minimum (1+ / 0-)
      Recommended by:
      Roger Fox

      wage/create jobs option, I just don't see it happening in this Congress.  I must admit that removing the cap is also somewhat unlikely at this point.  Especially since neither thing is being even considered or discussed.

      It seems that the debate has all been centered around how to cut things in the most acceptable way.  As a person who receives SSDI and Medicare as my primary source of income/medical care, no reduction is acceptable.  Current levels of benefits are barely enough to live on.  The COLA increase this year wasn't even enough to cover increases in the copays for my medications and utilities, not to mention food prices.

      I worked and contributed to the program for more than twenty years, before applying for benefits and I don't consider them entitlements, but a social insurance program that is there for those in need.  If it is somehow converted to a voucher or "welfare" program, I fear that it will inevitably cut and the must vulnerable will suffer.

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