The Great American Social Security Bamboozle
David Broder, the Post, writes the Washington, recently had a column about Social Security. If you find it, it's worth a look – not for what he says but what he says. As Broder is older, more lost his marbles.
"He must attend a hearing of the candidates" by David Broder is full of everything anyone ever wanted to know, but the fundamental question – why. Because the social protection program in trouble?
In Broder this statement is not 'a clear picture of the problem, if any ways, Boomer financing reform and Social Security and Medicare benefit, the child should be dictated by the withdrawal of millions of budget to consume, the FBI and the prospects of future generations of rust. "
We wake up one morning and say, 'Oops … there is no money in hand, 'that's not how government works, so what went wrong, why is> Social Security in trouble? The answer is not Social Security is in trouble – and the collection of Social Security and Medicare Medicare together is wrong, they are two separate applications.
social benefits paid through the payroll tax. Employers and employees each pay 6.2% of wages to a maximum amount ($ 108,000 in 2008), while the payment for the cars of 12.4%.
In 2006, 84% of social security Benefits from payroll taxes, 14% interest, and 2% from taxes, with benefits.
OASD Trustees Report 2007, called the "Social Security, combined trust is expected to pay full scheduled benefits until exhausted in 2041"
The report continues: "… the adequacy of the program for the next 75 years could be restored if the increases are equal, the increase in> Social Security payroll tax immediately and definitively from the current level of 12.4 percent (for employers and employees combined) to 14.35 percent. "
In other words, the deficit of social security for a period of 75 years is less than or equal to 1.95 percent of taxable wage income, not just a financial crisis.
Medicare has a different problem. In 2008 the first baby boomers will be taken right to early retirement at age 62,She recently applied for benefits online, but the benefits do not actually start until January 2008. Three years later, at the age of 65, that person will become an issue for Medicare and the next two decades, 78 million Americans will become eligible for Social Security and Medicare benefits later.
The problems of Medicare are:
Americans no longer want to live to care for a longer period.
Medical expenses are more than double the inflation rate.
And the major problem – in 2003 for prescription drug plan, if the Bush administration
In a CBS 60 Minutes interview, David M. Walker, Comptroller General of the United States the following statement on the 2003 Medicare Prescription Drug Plan "The drug bill is probably the most fiscally irresponsible piece of legislation since 1960"
David Walker, asChief Accounting Officer of the UP Government Accountability Office (GAO) and the former Public Trustee for Social Security and Medicare 1990-1995, is someone "in the know definitively," when Medicare, the State Social Security e.
Her next comment says everything you say on the subject: "with one stroke of the pen, Walker says, the federal government increased existing Medicare obligations nearly 40 percentnext 75 years. "
This government did not err in providing prescription drug coverage for elderly and disabled, and their mistake was not negotiating lower costs and prescription of medical care for the implementation of the program.
The 'action' and that the only way to describe it, or think people Bamboozle is a real problem of social security must be resolved, the reduction in benefits.
But even more, the "conspirators" want to do Before the time Social Security payout-in is about to pay.
Why is it so important, the conspirators? "
Three reasons:
First, all the money borrowed from Social Security – and spent must be repaid by the government
Second, a social security number is no longer a surplus to spend each year that the government could afford to e.
Third and last> Social Security would be paid from the general revenue fund in part, the increasing load.
Guess who the "conspirators" in the scheme of things?