Originally posted by: heyheybooboo
Originally posted by: HombrePequeno
Originally posted by: heyheybooboo
Originally posted by: HombrePequeno
1) Balance the budget (addressed by democrats but their fix isn't what I'd want)
2) Fixing SS through partial privatization (nope b/c it'd be political suicide)
3) Withdrawing from Iraq (yep)
The problem is not in directly ""fixing"" SS. The problem is in paying back the $3
trillion or so that has been ""borrowed"" from the trust fund
Even with then there is still a shortfall before I retire. So yes, it will need fixing barring a large increase in our population growth.
Steadily increasing the retirement age for maximum benefits to 70yrs (and subsequently indexing it based upon
life expectancy) and raising the cap (it's somewhere around 80% 'historically' of where it needs to be) and indexing it to inflation would significantly close the projected shortfall.
Originally posted by: Wreckem
The problem extends beyond that. Even after paying back the trust fund theres still a over $2trillion shortfall.
Social Securities shortfall is chump change compared to the liabilities Medicare faces.
Double yup on that. It's also more of an immediate problem. Medicare Advantage needs to be dropped - and the Prescription Drug Big Pharma Give-A-Way needs to be completely rewritten (Interestingly enough the SCHIP Bill that Bush keeps vetoing does both of these).
And Medicare premiums are also way out of wack.
"Dick Cheney said he felt terrible about shooting a 78-year-old man, but on the bright side, it did give him a great idea about how to fix Social Security." --Bill Maher