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View Diary: The Thing About Social Security (178 comments)

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  •  nope (0+ / 0-)

    Cutting now doesn't magically make social security richer.

    First, the dire forecast is for a 25% cut, not 75%.

    It's true if we cut 25% now, we don't need to cut 25% later. (Assuming no funding increases.)

    And if we cut 15% now, we "only" need to cut 10% later.

    But that solves nothing, except baking in cuts early.

    There's no magic here. Cuts now don't reduce the total cuts.

    Cutting 1% each year for 25 years is not "more painless". It's still a 25% cut.

    •  I'm not discussing cuts in that comment, (2+ / 0-)
      Recommended by:
      SethRightmer, Cedwyn

      my comment was about increasing contributions to the SS trust fund earlier rather than later.

      I really can't make sense out of your comment. The chained CPI, if implemented, reduces SS outlays a significant amount over the long term.

      The sh*t those people [republicans] say just makes me weep for humanity! - Woody Harrelson

      by SoCalSal on Sun Dec 23, 2012 at 01:36:50 PM PST

      [ Parent ]

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