Print

Please login or register.
1 Hour 1 Day 1 Week 1 Month Forever
Login with username, password and session length

[Grakelin]

The youngest of the actual baby boomers are about 50.

[Renault]

Before a bunch of people who dont know anything about this start chiming in about Social Security, I'll just let Paul Krugman close the debate:
 "There is a long-run financing problem. But it's a problem of modest size. The [CBO] report finds that extending the life of the trust fund into the 22nd century, with no change in benefits, would require additional revenues equal to only 0.54 percent of G.D.P. That's less than 3 percent of federal spending — less than we're currently spending in Iraq. And it's only about one-quarter of the revenue lost each year because of President Bush's tax cuts — roughly equal to the fraction of those cuts that goes to people with incomes over $500,000 a year. Given these numbers, it's not at all hard to come up with fiscal packages that would secure the retirement program, with no major changes, for generations to come."

/social security is dying debate

[HideousBeing]

Before a bunch of people who dont know anything about this start chiming in about Social Security, I'll just let Paul Krugman close the debate:
 "There is a long-run financing problem. But it's a problem of modest size. The [CBO] report finds that extending the life of the trust fund into the 22nd century, with no change in benefits, would require additional revenues equal to only 0.54 percent of G.D.P. That's less than 3 percent of federal spending — less than we're currently spending in Iraq. And it's only about one-quarter of the revenue lost each year because of President Bush's tax cuts — roughly equal to the fraction of those cuts that goes to people with incomes over $500,000 a year. Given these numbers, it's not at all hard to come up with fiscal packages that would secure the retirement program, with no major changes, for generations to come."

/social security is dying debate

Doesn't mean we should keep it going as is; seems like wasted money to give money to people that don't need it. Also, the real problem is medicare which is expected to rise way beyond current costs.

[Grakelin]

Giving money to the elderly is not a waste of money.

[MrWiggles]

Giving money to the eldery can be a waste though.