Quote:
Originally posted by Diane_Keaton
So why has everyone been scaring me saying I won't be getting SS checks by the time I retire?
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Politics of fear.
I don't see how SS could actually be eliminated for anyone who's paid into the system. Support for SS relies on the fact that everyone pays with the promise that everyone will get something out (by "everyone" I mean workers). It's not welfare, where you get something for doing nothing. And you can see how much support pure welfare for the poor has had over the last 15 years.
So, SS reform will mean figuring out how to take in more while paying out less, but still maintaining the core concept, which is a guaranteed minimum income for all people over a certain age. But obviously that leaves a lot of flexibility--more revenue comes easily from increasing the earnings subject to the tax. Guaranteed minimum income can be preserved while keeping the maximum down. And, of course, "certain age" can be raised so that you have to be 70 or more before getting full benefits.
