Quote:
Originally Posted by MTK
You either raise the cap or you increase payroll taxes. The solutions aren't that hard to see.
Either way nothing is going to happen until it has to. Deadlines spur action. And both sides love to use SS as a political carrot.
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The point is raising the cap does little to extend the solvency. The CBO showed you have to adjust the benefits if you really want to fix it long term. People are living longer, much longer than when SS was first implemented. Raising the age to receive the max retirement benefit for those that are currently young made the most sense.