- Joined
- Apr 26, 2007
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Social Security being bankrupt (which it is not) has nothing to do with the efficiency with which it is run. It has to do with the will of Congress to solve the problem. What they will do is:You'll get another 75 years out of the system and by then the baby boomers and their drain on the system will be over. It would help you if you didn't spout political talking points and brought some real information to the table.
- Raise the Payroll tax (slightly)
- Increase the retirement age (slightly)
- Decrease benefits (slightly)
Talk about an understatement! I really do not want to this become a Social Security talk but oh well,
First you said there is a problem, yes quite a big problem, in fact. What does it matter if the checks can be delivered the same day that they are printed, if they bounce? Making sure there are funds for what you write is kind of critical to the whole purpose. It is like admiring a used car with a blown head gasket for its shiny paint job. If you really would like to know about the issue read this Federal Reserve testimony, very informative I highly recommend,
http://www.federalreserve.gov/boarddocs/testimony/2005/20050315/
Besides look at what your saying, a big "successful" government program needs a bailout with new taxes, increasing barriers, and decreased benefits!!!