General Discussion
In reply to the discussion: Let's Get Down To Brass Tacks... WHY... Would Barack Obama, And Fellow Dems Support The... [View all]customerserviceguy
(25,406 posts)I'd favor a comprehensive reform dealing with all aspects of the problems that the entitlement programs face, rather than just tacking chained CPI onto a cobbled-together bill designed to get us a few months down the road to the next crisis.
Such reform would involve subjecting more income to FICA and Medicare taxes, including adding forms of income that are really "pay" but are not taxed by those two levies. I can see the rate going up by up to a percentage point, and possibly some phase-in of a later retirement age. We did this in 1983 to keep Social Security solvent, we will have to do it again.
I'm all for cutting wasteful defense spending, but we have just as many Democratic congresscritters addicted to Pentagon pork for their districts as we do Republicons, so that's not going to happen outside of the sequester.