Steve Bourg
2009-04-03 18:41:23
Great article. The best way to fix this now, would be to chop the benefits down proportionately according to how negative the cash flow is. Therefore, they’d reduce very slightly for 5-10 years, and eventually be about 40% smaller. Under NO circumstances should the taxes be raised. Unfortunately, this SS scheme has taxed us 15.3% which was WAY too much with benefits to large as well. What a disaster our govt has wrought since the 1930s. Think about it, if fed, st, local govts didn’t tax us so damn much, we could save for retirement easier, and save for health insurance and houses easier. All would have worked better, without the high taxes of the Democrats. They have truly ruined our economy since the ’30s.
