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View Diary: Earned benefits, not "entitlements" (28 comments)

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  •  They've changed it many times before (1+ / 0-)
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    VClib

    under GOP and Dem Administrations....Clinton, Reagan, Carter, Nixon and even under FDR himself after it was already in effect (at the advice of Francis Perkins).  

    When SocSec was introduced only 56% of the work force was covered... originally no self-employed person or government employee were part of the program... there were no COLA adjustments until 1972.... and then in 1977 we cut benefits and the formula to calculate automatic increase (with a Democratic President and Democratic congress), and in 1983 congress (with a 53-seat Democratic Majority in the House) voted to raise the retirement age...The Democrats passed (with no Republican support) and Clinton signed the law to tax benefits for retirees over a specific amount...all these things were done to preserve its solvency.

    I live in DC, I can assure you none of our buildings have been burned down and I haven't seen a pitchfork or torch in a 50 mile radius despite all of this.

    What we need on this is meaningful discussion about how these programs should work for the next generation that has to keep them solvent as the baby boomers are only just retiring.  The 76 million people labeled as "Boomers" were born in 1946-1964 so 2013 is just now the very first year we've seen a "Boomer" turn 67 and retire with full benefits.

    Any change in formulas, benefits, rates, taxes, etc would be targeted at those still working and not in or near retirement age.  

    So we can either engage this issue to make sure the end result is in line with what we want for the next generations or we can take some over-reacting tea-bag approach and plan our Million Retiree March and/or make veiled threats to any "fucker" that tries to do anything.

    Красота спасет мир --F. Dostoevsky

    by Wisper on Fri Oct 18, 2013 at 03:22:40 PM PDT

    [ Parent ]

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