The Most Fresh & Cordial Political Thread Ever

[MTK]

Originally Posted by nonniey

We were talking about extending the solvency not shortening it. The CBO already scored (in 2011) what eliminating the 160K cap would provide and they stated it would extend SS solvency by as little as 5 years and at most 10 years meaning SS would be insolvent between 2041 and 2046 (Since then projections accelerated the time period for insolvency from 2036 to 2033). Sanders was basically lying through his ass (He was aware of the CBO score made 12 years ago) when he made this claim, of course he will probably be dead by the time it does actually go insolvent in 10-12 years. Heck his proposal would have taken the additional funds needed to extend solvency 5 years for an immediate increase in payments now to recipients. A friggen awful proposal that would have made things worse.

You either raise the cap or you increase payroll taxes. The solutions aren't that hard to see.

Either way nothing is going to happen until it has to. Deadlines spur action. And both sides love to use SS as a political carrot.

[sdskinsfan2001]

Originally Posted by MTK

You either raise the cap or you increase payroll taxes. The solutions aren't that hard to see.

Either way nothing is going to happen until it has to. Deadlines spur action. And both sides love to use SS as a political carrot.

Yep.

And both sides love to use [insert any political subject here] as a political carrot.

We're let down left and right, and have been for a long, long time. It's never about fixing anything. It's about blaming the other side and being re-elected.

[nonniey]

Originally Posted by MTK

You either raise the cap or you increase payroll taxes. The solutions aren't that hard to see.

Either way nothing is going to happen until it has to. Deadlines spur action. And both sides love to use SS as a political carrot.

The point is raising the cap does little to extend the solvency. The CBO showed you have to adjust the benefits if you really want to fix it long term. People are living longer, much longer than when SS was first implemented. Raising the age to receive the max retirement benefit for those that are currently young made the most sense.

[MTK]

Originally Posted by nonniey

The point is raising the cap does little to extend the solvency. The CBO showed you have to adjust the benefits if you really want to fix it long term. People are living longer, much longer than when SS was first implemented. Raising the age to receive the max retirement benefit for those that are currently young made the most sense.

Obviously raising the cap alone doesn't solve everything, but it's part of it along with possibly raising the full retirement age (it's already been slowing creeping up), modifying the benefit formula and/or making it means tested.