tag:blogger.com,1999:blog-19246708.post5530626836298741888..comments2024-03-28T10:15:57.792-04:00Comments on Social Security News: I'm Not Buying This, But ...Unknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-19246708.post-12024786749348944012009-03-22T15:44:00.000-04:002009-03-22T15:44:00.000-04:00I never cease to be amazed at how persistent the a...I never cease to be amazed at how persistent the anti-New Dealers are. Here it is 74 years after the Social Security Act was passed (1935, right?) and they're STILL not happy, still trying to undo the best government program ever passed in this country. Wouldn't you know it, there's never a shortage of new "experts" who find even more flaws in the financing of the program--like the most amazing one yet. Just imagine a program that doesn't have on hand every nickel it will have to pay out until the end of time--RIGHT THIS MINUTE! The horror!! <BR/><BR/>Or the one described in the brilliant piece above. Those evil job creation killing payroll taxes! We can trust the political system to continue paying for our retirement benefits, just like we can count on it to pass the budget on time every year, and regulate the financial industry. Right? Oh, yeah. <BR/><BR/>Well, people buy magazines and newspapers with this rot in it, so I guess they want to hear it. It's a good thing that the Congress can't agree on anything, or they might take these people at their word and "reform entitlements." That is one thing I don't want to see. Srsly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-88464459960461486592009-03-21T14:10:00.000-04:002009-03-21T14:10:00.000-04:00"Holding them hostage to ever-rising, job-killing ..."Holding them hostage to ever-rising, job-killing payroll taxes is perverse." Ever-rising? While the social security tax rate has been raised over the years - it has been nearly two decades since the last increase from 6.06 to 6.2%. The Medicare tax rate on payroll has not been increased since 1986 when it was raised from 1.35 to 1.45%. No social security tax is levied on wages over $106,800, but there has been no cap on wages subject to the Medicare tax since 1993.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-78249066826426860172009-03-21T10:56:00.000-04:002009-03-21T10:56:00.000-04:00Yikes! Stop all funding for Social Security? Scrap...Yikes! Stop all funding for Social Security? Scrap the link between what you earn and pay into social security and what retirement you get? Make it dependent instead on fees from polluters and big oil? Yikes!Anonymousnoreply@blogger.com