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Old 02-17-2011, 12:23 PM   #25
Fly Rod
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Join Date: Mar 2003
Location: Gloucester Massachusetts
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I do not understand the big deal about social security at this time. Social is solvent to 2017 and still taking in more monies then it is paying out. The last incease to employers and employees to the payroll tax was in the early 80's of which has kept social solvent for the last 25 years or so. I would think that if the payroll tax was raised about 1.5% for employer & employee social will be good for another 40 years beyond 2017. Are your elected officials using social as a scape-goat? Social only takes up about 6% of the GDP As they take money from the reserve of social security, they are putting in IOU's. If elected officials would pay some of the IOU's it would make social even more solvent, but I am sure that the government has no intention of paying back, just keep taking. They are thieves and should not be taking monies to put into the general fund. Just because the country is broke does not give them the right.

When Rosservelt passed social in the 1930's it was a ploy for re-election since the average life span then was about 58 years old the government figured that 1 out of 10 would collect, then in the late forty's- fifties vacines were dicovered that increased the life span.

The young people of today should be paying more, their life span is much greater today with today's medicine and vaccines.
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