General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI have a question about social security
How many of our readers would be willing to have an extra $5 a paycheck deducted, added to the reinstated payroll tax deduction (social security trust fund) if it meant that Social Security would be there for all future seniors?
sinkingfeeling
(51,448 posts)baby boomers could have peace of mind knowing our SS was safe.
life long demo
(1,113 posts)How much money did George W. Bush borrow from social security?
Congress authorized the spending about $98,700,000,000 that was borrowed from the Old Age and Survivors' Trust Fund during the 8 years of the Bush administration.
SoCalDem
(103,856 posts)If anyone really wanted to make it MORE fiscally sound, all they need to do is to eliminate the "cap" and make ALL income subject to FICA/SS deductions.,,,,not just "paycheck" income from hourly workers.
Medicare is the issue because we are living longer, but even that can be addressed by using some of the "extra" that cap-removal would generate, and probably only until most Boomers are gone (not that many more years considering how many of us may go uninsured/untreated for that 50-65 gap when so many are unemployed and broke these days...)
jody
(26,624 posts)something some people depend upon as complete retirement support.
When "complete retirement support" is defined as the "poverty threshold" or more it makes debate challenging.
I was born before WWII at the end of the Great Depression.
I've watched Social Security grow from "social insurance" into "poverty threshold retirement".
I'm not sure the programs for funding Social Security have kept pace with that change.
leftstreet
(36,106 posts)Why not $205?