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View Diary: One Simple Rule On Social Security Cuts (27 comments)

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  •  My "poll" comes from break room chatter (0+ / 0-)

    The "common wisdon", what "everybody" knows.  They have been hearing stuff like this:

    Question: I hear that Social Security is in financial trouble? Why?
    Answer: It is true that Social Security benefits are experiencing financing problems, and while this will not affect today's retirees and near-retirees, the problems are very serious. People live longer, the first baby boomers are five years from retirement, and the birth rate is low.
    This results in a large drop in the worker-to-beneficiary ratio. For example, in 1950 the worker-to-beneficiary ratio was 16-to-one. Currently the ratio is 3.3-to-one, and within 40 years it will be 2-to-1.

    At this rate of decline there will not be enough workers to pay scheduled benefits at current tax rates.

    And this

    Retiring baby boomers are cashing out on their decades of paying into Social Security. The problem? Social Security is no longer running a surplus, worrying many that the entitlement program is in trouble.

    In 2036, the Social Security Administration reports that it will no longer have enough money to fully pay out scheduled benefits.

    But if you like polls, here's one
    "Do you favor or oppose reducing the cost-of-living adjustment that automatically increases the amount of benefits Social Security pays out to help the program remain financially secure?"  64% favor
    "Do you think a major overhaul of Social Security is or is not necessary to substantially reduce the deficit?"
    51% think it's necessary

    Of course there are plenty of current polls saying "don't cut SS", but this is part of the same equation that leads to "keep the government out of our Medicare".  As noted in a prior comment - people are conflicted. It's not rational, but it is what it is.

    As with so many issues of both policy and politics there is often a blind spot here. A belief that surely what is clearly understood and obvious to us must be just as clearly understood and obvious to everybody else, unless they are too stupid or brainwashed to bother with. We need to get out of our own information silo more often, and do a much, much better job sharing alternate viewpoints with the non-politcal junkies we are surrounded by.

    "No one life is more important than another. No one voice is more valid than another. Each life is a treasure. Each voice deserves to be heard." Patriot Daily News Clearinghouse & Onomastic

    by Catte Nappe on Sun Apr 07, 2013 at 01:44:22 PM PDT

    [ Parent ]

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