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View Diary: Boehner has about-face on automatic spending cuts (69 comments)

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  •  Contracts are legally binding (0+ / 0-)

    SS and pensions are in trouble because of the fact that the population has shifted.  More people drawing on funs than putting in.  An honest look shows recipients typically take out more than is put in.  Unless we force individuals to pay more there will be trouble.  Simple solution.  If you make more than $200k you should pay at least 10% into SS/medicare.  If the unemployment rate rises, your percentage does too.  In addition, if you retire with more 2 million in assets, you do not get SS out.  You've got enough.

    •  Two million in assets (0+ / 0-)
      In addition, if you retire with more 2 million in assets, you do not get SS out.  

      could be an apartment in Manhattan that you bought for 35K when it went condo in 1975. Pantry could be full of cat food.

      Does Grandma have to move, then?

    •  I do not agree that there should be any means (0+ / 0-)

      testing on SS benefits.  Someone who had 2 million is assets one year could be broke the next if they or someone in their family had a serious medical problem or business failure.  

      What we need is to eliminate the cap on wages.  That way those who make large salaries will pay the same % as those who make minimum wage.  You can cap benefits at a reasonable amount, so that those who earned the most would receive a smaller % back than those who made the least.  It's effectively means testing on the front end instead of the back.

      Plus any means testing on benefits risks turning public perception of SS as a welfare program instead of a retirement program making it much more vulnerable to GOP efforts to kill it.

      “when Democrats don’t vote, Democrats don’t win.” Alan Grayson

      by ahumbleopinion on Wed Nov 30, 2011 at 05:25:14 PM PST

      [ Parent ]

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