Skip to main content

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

Comment Preferences

  •  How far down the road do we kick this? (2+ / 0-)
    Recommended by:
    Roger Fox, Cedwyn

    As far as until the Trust Fund is closer to being exhausted, in my opinion. Maybe in fifteen years.

    Why?

    The large surplus accumulated in the Trust Fund for the purpose of dealing with the Boomer demographic bulge has been an abject political failure, because people seem to be incapable of understanding what happened to the money. They think that since it has been lent to the Federal Government - the only thing that really could be done with it - rather than sitting in a big pile of cash somewhere that the money has already been spent. Since people believe the money doesn't exist, it was somewhat pointless to have accumulated it. It would be equally pointless to preserve the large surplus by taking in additional money now.

    I think we should continue to spend down the Trust Fund and then get back to paying benefits out of current revenues. When we need more revenue, we can deal with it then, when we have real data instead of twenty-year projections which are always off, and the necessary political decisions can be made by those who will be affected by it.

    We decided to move the center farther to the right by starting the whole debate from a far-right position to begin with. - Former House Majority Leader Tom DeLay

    by denise b on Sun Dec 23, 2012 at 04:22:42 PM PST

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site