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PoindexterOglethorpe

(25,816 posts)

10. What PSPS said.

Mon Apr 22, 2019, 08:17 PM

Apr 2019

If no changes are made, the benefits paid out will need to be reduced a bit starting in 2035. That is not the definition of insolvent.

What I find especially discouraging is that younger people are buying into the idea that SS won't be there for them, and so they seem far too willing to acquiesce to it being dismantled. I'm 70 years old, and I can recall some of my coworkers, when we were 25, saying SS wouldn't be there for us. I told them then, and I'm telling young people now, if you can be persuaded to believe that horseshit, then you will have it taken from you.

SS has faced similar crises, and the solution in the past has been to raise the tax. Simply raising the current FICA to perhaps $500k of earned income would actually capture a huge amount.

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Medicare, Social Security Face Shaky Fiscal Futures, Report Shows [View all] appalachiablue Apr 2019 OP

Well, she is an expert on fraud. mobeau69 Apr 2019 #1

You know, I bet if every bit of income was taxed instead of having a cut off around 129K LiberalArkie Apr 2019 #2

No cap on Medicare TexasBushwhacker Apr 2019 #9

You have Rebl2 Apr 2019 #12

Why shouldn't a person bringing in over a billion LiberalArkie Apr 2019 #14

I agree with you Rebl2 Apr 2019 #16

because it is almost never payroll income DBoon Apr 2019 #32

I agree, Steve Jobs was reportedly only paid $1 a month in payroll. LiberalArkie Apr 2019 #34

Oh yes! Turbineguy Apr 2019 #3

Misuse of the term "insolvent" means this is laying groundwork for disbanding PSPS Apr 2019 #4

30% reduction is not slight exboyfil Apr 2019 #17

It's actually closer to 20% and, as I said, that's not "insolvent" and it can be easily fixed PSPS Apr 2019 #18

Might be easily fixed, Igel Apr 2019 #21

It is time to acknowledge that our healthcare system has failed miserably and it IS time for walkingman Apr 2019 #5

Sarah Sanders is full of chit, but this is a real problem that simply taxing the rich won't solve. Hoyt Apr 2019 #6

The Repubs' ideas to "protect" SS & Medicare is to privatize them, so they wither on the vine. Honeycombe8 Apr 2019 #7

Medicare should require living wills and/or medical power of attorney TexasBushwhacker Apr 2019 #8

What PSPS said. PoindexterOglethorpe Apr 2019 #10

Lift the cap. That would take care of Social Security. sandensea Apr 2019 #11

One thing that might help would be to remove the cap on how much people are taxed per year as cstanleytech Apr 2019 #13

Dems need to be campaigning hard on strengthening/preserving the fundamentals like Kashkakat v.2.0 Apr 2019 #15

Strains the federal budget? paleotn Apr 2019 #19

People WITHOUT SS and Medicare face even SHAKIER fiscal futures! BamaRefugee Apr 2019 #20

Elizabeth Warren did a good job of explaining this. The problem is that the R's, pnwmom Apr 2019 #22

Reports like this make me crazy DeminPennswoods Apr 2019 #23

+1 sarcasmo Apr 2019 #25

The GOP said cuts/theft were coming and now the fake reports start, Bloomberg with the first shot. sarcasmo Apr 2019 #24

Propaganda not fooled Apr 2019 #26

but never a peep about "fiscal concern" Locrian Apr 2019 #27

easily solved beachbum bob Apr 2019 #28

It's a darn shame our government has no way to raise revenue. bluedigger Apr 2019 #29

This is a crock and they know it meow2u3 Apr 2019 #30

Yep, and unfortunately mainstream articles like this are appalachiablue Apr 2019 #33

The "fraud and abuse" is wealthy folks aren't paying enough in payroll taxes IronLionZion Apr 2019 #31

A report developed and approved by that lover of "entitlements" Maxheader Apr 2019 #35