tag:blogger.com,1999:blog-19246708.post7688262601632534948..comments2024-03-29T02:05:50.350-04:00Comments on Social Security News: Why Do They Even Bother?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19246708.post-36470962062318205012015-05-15T10:12:18.319-04:002015-05-15T10:12:18.319-04:00They would like privatization, but that has the pr...They would like privatization, but that has the problem of making Social Security's finances much worse. So I think they want cuts to benefits. At some point, probably either the cost will have to be lowered or revenue will have to be increased. Increasing revenue, such as by increasing the cap or payroll tax, will have an immediate effect and so can be done at any time. But lowering the cost by cutting benefits, unless you want to do so for current and near retirees (which almost all politicians claim to want to avoid), will take many years to have a significant impact. So politicians wanting cuts have to argue that there is a crisis that must be addressed now. Waiting makes revenue increases the only feasible solution for at least most of the shortfall.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-2519857155918148202015-05-15T09:35:23.760-04:002015-05-15T09:35:23.760-04:00They bother because it is a staggering sum of mone...They bother because it is a staggering sum of money that they cant use to make money. If privitazation would happen that huge amount of money would be infused into wallstreet, fees would be charged of every shape and color. With a prize so great they have to keep trying. It lotto for Scrooges.Anonymousnoreply@blogger.com