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2012-04-26 Home Front: Politix
Is Social Security really "exhausted?" Not at all
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Posted by gorb 2012-04-26 02:39|| || Front Page|| [1 views ]  Top

#1 another approach is to lift or remove entirely the cap on wages subject to payroll taxes, which currently is set at $110,100

BLUF: Bad news about anything in Gov't is not to be exposed during an election year.

Are they referring to the "cap" which has been being lifted every year or so for as along as I can remember? This scheme will help the gov't on the payment end as well...as if you don't PAY the cap each year...your total "high years" computations purposes are reduced as well. More money in the front end, less money out the back.

Achieving the "needs based" gov't goal could more easily be acheived by increasing the income tax formula levied against social security earners who have.... God forbid, other sources of income.

I blame the $250. grave marker death benefit for all of the fiscal troubles of the agency.

[snark off]

Posted by Besoeker 2012-04-26 07:08||   2012-04-26 07:08|| Front Page Top

#2 Those "special issue Treasury bonds" are just the government's IOUs to itself. Imagine you have a bill to pay and you reach into your wallet to find a piece of paper that says "I owe myself $100". Then you go out and borrow the money to pay the bill. That's the SSTF in a nutshell.
Posted by Spot 2012-04-26 07:55||   2012-04-26 07:55|| Front Page Top

#3 Do not say its exausted until after the election, at that point they will reevaulate and adjust the numbers as needed. Hopefully there will be no hot-mic incidents when they mumble "suckers" to the American people.
Posted by rjschwarz 2012-04-26 08:38||   2012-04-26 08:38|| Front Page Top

#4 Michael Astrue, Governments own Jon Corzine.
Posted by Bright Pebbles 2012-04-26 09:29||   2012-04-26 09:29|| Front Page Top

#5 Since when does Yahoo try to do serious news?
Posted by newc 2012-04-26 11:27||   2012-04-26 11:27|| Front Page Top

#6 I've seen this movie.
Posted by Procopius2k 2012-04-26 12:54||   2012-04-26 12:54|| Front Page Top

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22:50 JosephMendiola
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22:42 JosephMendiola
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22:34 gorb
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