Today's Social Security News - From the Bush Camp.

[Eagle43]

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Well, The GOPs answer is Borrow Money! - What sense does that make? The Democratic Senate Leader said tonite "That Privatizing Social Security is off the table - It won't happen" - For something that needs bi-partisian Support - this looks pretty clear to me.

Let's see, You don't wanna borrow, and I don't wanna raise taxes. At loggerheads. No solution, right.

Well, there is one other answer. Reduce benefits. Kind of like what you do at home when your outgo is greater than your income. Just raise the eligibility to 70 or so and voila, problem solved. Drucker said 75. When FDR started this program, didn't most people die before they reached 65?

Off the table?? Wait until GWB and his boys crank up the heat! I'm sticking by my prediction. There'll be some kind of SS bill this year.

Remember, this ain't 1930.

Why is it that for the Dems, the only answer is more government?

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Why is it that for the Dems, the only answer is more government?

Why is it that you neocons think that you have less government now?

[xprinter]

I remember when I was in my 30's thinking if only I could invest this social security money myself I could be rich. Now at almost 51 years old, I feel that my plans for early retirement will be put on hold if benifits are cut.
We have a problem with the Bush plan. The people 40-54 are the republican base. I can't see how it could help the GOP if the burden of social security reform falls on us. Therefore I can only assume that there will be big changes before any reform is passed.
Jeff

[brewer12345]

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Off the table?? Wait until GWB and his boys crank up the heat! I'm sticking by my prediction. *There'll be some kind of SS bill this year.

Oh, there will be some kind of bill this year. But I think that there is an excellent chance that it either goes nowhere, or it gets watered down to the point of not really making any difference.

I think the private account thing is idiocy. If we really wanted to fix SS, we would develop income and asset tests for receiving benefits, push out the age for eligibility to keep up with longer lifespans, and raise the cap on income subject to SS taxes. None of these measures would be beneficial to me, but I would be more than willing to suck it up if it means that the safety net for the elderly is preserved.

[charlie]

There is already a means test on SS income.
Up to 85% is taxed starting at a very modest
income level. That is a tax on money already
taxed. Something the pointy heads implemented
in a previous administration no doubt.

You might have 2nd thoughts on this brewer, if
you are unlucky enough to retire in a moderate
income situation where this tax begins to bite.

Believe me ..... I have bite marks on my ass to
prove it.

Cheers,

Charlie