Three choices available to extend the Trust Fund's fully-funded status from beyond 2035:
1.) Wait until closer to 2035 to do something about it based on the economics of that time.
2.) Remove or increase the ceiling on FICA taxation.
3.) Do nothing and the retirees in 2036 won't have any increase in their payments.
4.) Start screwingover the retirees now.
Adjustments MAY NEED to be made - but certainly DO NOT need to be made right NOW - period.
I cried for joy on election night, 2008. Now I'm embarrassed about that and I can't wait until 2016 when we can finally get rid of this useless paper tiger.
About Budget Cuts
Read the Article at HuffingtonPost
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