Reply #34: Interesting, all that "baby boom" & "baby bust" stuff was right wing propganda [View All]

[customerserviceguy]

and here I thought it was all demographic science.

How about this: "Projected OASDI tax income will begin to fall short of outlays in 2017, and will be sufficient to finance only 78 percent of scheduled annual benefits in 2041, after the combined OASDI Trust Fund is projected to be exhausted." Got that from the Social Security's own website. (http://www.ssa.gov/OACT/TRSUM/trsummary.html)

You are aware that the SS formulas for what to pay on benefits are currently pegged to what the worker has been paying on, aren't you? Raise the wage base, and you raise the payout amounts. You're also raising those payments to people more likely to have afforded better health care than workers at the bottom of the economic ladder. They'll survive longer and collect more than poorer folks.

Also, this year's wage base is $102,000, not $98,000. It will go to $106,500 in 2009. It's heading up towards your $125K goal.