tag:blogger.com,1999:blog-37877540.post5490916334839804417..comments2024-01-18T05:45:59.595-05:00Comments on The Daily Bellwether: Dems Open To Social Security Reform? Senate Has Something UpAnonymoushttp://www.blogger.com/profile/12712163977315292252noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-37877540.post-4549422146118400162007-09-19T09:51:00.000-04:002007-09-19T09:51:00.000-04:00Speaker Pelosi says that the committees in the Hou...Speaker Pelosi says that the committees in the House with the jurisdiction can handle the problem. BUt they have done NOTHING--not even a hearing! Isn't it obvious that she is consciously stopping any move to fix the program? The result will be to dramatically increase taxes on our kids. As David Walker, head of the GAO says, "It's immoral" to do nothing.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37877540.post-50469554924754874672007-09-19T08:59:00.000-04:002007-09-19T08:59:00.000-04:00Basic math demonstrates the program in its current...Basic math demonstrates the program in its current form is unsustainable. When this mandatory ponzi scheme was started, life expectancy was around 67 years which meant the majority who would die before collecting benefits would fund those who exceeded the average life expectancy. However, today life expectancy is nearing 80. Additionally, politicians have used increases in pay outs over the decades to bribe seniors for their votes. <BR/><BR/>Sadly, what we can expect them to eventually do is institute means testing. That means you have to demonstrate a certain level of irresponsibility in order to be eligible for the benefits you've been lead to believe you'll receive. If you were responsible and stuck money in an IRA and in a 401k they will say thanks for playing, but no parting gift for you. If you spent every penny you made as soon as you got it and never saved then you'll get social security. So, once again we will be rewarding the behavior we don't want.LargeBillhttps://www.blogger.com/profile/13231452147187641675noreply@blogger.com