Official debt depends on what's put on the books. The fiscal gap does not. The U.S. fiscal gap is humongous. Fundamental reform, not political theater, is the only path to fiscal solvency.
It completely grandfathers everyone's accrued benefits, so current retirees are entirely unaffected.
William, Just to be clear, my proposal entails ZERO participation of or payment to Wall Street.
You’re using it as a headline but it seemed clear to me that Biden’s “off the table” comment at the SOTU was about protection for people that depend on SS rather than opposition to reforming the system. The other side has offered nothing but slashing benefits. If your idea could keep that protection, he’d probably entertain it.
I see no serious effort on any politician to minimize this serious threat to our nation's future. You have some promising starting points. Particularly the health care possibility. I am not in favor of a carbon tax.
Social security and Medicare are not part of the General fund which is the fund that supports Defense and the Government, bbut like Pete Peterson, Goldman Sachs and other bankers who are itching to get their grubby mitts on the Social Security Trust Fund, that they can soak it for commissions while using it to gamble and pump up the stock market ut I suspect that you know that,
Thanks for the heads up, as Maya D'Angelou said, When a person shows you who they are, believe them