Remove the wage capUNI88 wrote: ↑Mon Jan 09, 2023 12:14 pmKind of like how the Anti-American Marxist extremists passing the oxymoronic Inflation Reduction Act was on the Donks?
Social Security needs to be reformed. It's a Ponzi scheme that relies on revenue from current workers to pay retirees their benefits. The problems that creates are coming to a head as Boomers retire and there aren't enough workers contributing to cover their costs. Social Security should be truly self funding.
Republicans Signal Cuts To Social Security, Medicare With New House Majority
The devil is in the details but on the surface this isn't unreasonable.The Republican Study Committee proposed a budget for fiscal 2023 that would gradually increase the eligibility ages for Social Security and Medicare, and change the Social Security benefit formula for people 54 and younger, while not changing it for people closer to receiving benefits.
Make Congress pay back their IOUs - a couple of trillion mas y menos
no renegotiation of the formula until the boomers expire
no privatization of SS but when you reach the age at which you qualify for 100% , 65+, you have x period of time to cash out and leave the system if you so desire and best of luck.
See where that puts us in ten years and where it projects after the pig-in-the-python generation is off the chart