Perry needs to come out with a Social Security Fix Proposal that alleviates fears of current recipients and probably anyone over 50. A good start would be increase age of eligibility, a “means” test and eliminate the Cap on earnings for social security contributions.
Your solutions would be just doubling down on a Ponzi Scheme - I already pay $6,500 a year into SS and will most likley never see a penny, especially if they raise the age and means test the program.
It’s time to change and reform the SS program, not double down on a failed program.
The only solution is to make sure that they understand that their retirements will be covered via the general fund regardless of the solvency of the system.
Means testing should kick in at some point, though.
That of course would mean that our politicians would have to show leadership to assuage the bad feelings created by this blatant violation of trust so all non-military federal pensions will have to capped at $50,000 and all legislative pensions will have to ended with our legislators getting the means-tested SS for their retirements.
“Perry needs to come out with a Social Security Fix Proposal that alleviates fears of current recipients and probably anyone over 50. A good start would be increase age of eligibility, a “means” test and eliminate the Cap on earnings for social security contributions.”
I am solidly against “means testing”, arrogant Federal assholes(politicians) promised every American that payed into it a return on that [forced] investment.
Every last American who was FORCED to put 12% to 15% of their income into that Ponzi Scheme deserve and equal share of what was taken from them. Just because John ended up being more successful in life then Joe, doesn’t mean John didn’t get the same promus as Joe and was forced to pay actually higher rates then Joe.
Means testing is wrong. That wasn’t even the deal when this corrupt Ponzi scheme was ramed down our throats by FDR’s so called “greatest generation”.
By all rights this scheme should be volenerized, whatever money there is and banknotes for money owed should be given immediately to every American who has payed in in proportion.
Let each American choose how to “invest” this money for their own individual future.