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Reply #26: Because a lot of the more sensible economists... [View All]

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punpirate

(1000+ posts) Send PM | Profile | Ignore

Fri Jan-07-05 07:53 PM
Response to Reply #8

26. Because a lot of the more sensible economists...

... have suggested that what few problems the SS system has can be solved by raising the cut-off level for deduction of payroll taxes. To Bush, raising the level from $90k this year to $115-120K is raising taxes on everyone. Well, everyone he knows.

What he would rather do, actually, is run huge deficits out of the general fund to pay the initial shortfalls for privatization, so some future Democratic president will have to raise taxes, for which the Republicans will then blame the tax-and-spend Democrats.

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