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Of course, it would help if they quit spending the SS tax money on general government. And without that, raising the tax does nothing towards any kind of a solution.
That would be one of my criteria for raising the tax, along with no lowering of benefits and no increase in eligible age.
One of the few things I agree with Bush on, is privatizing SS. The infrastructure is already in place with the TSP system. Set a date and age at which all SS contributions go there instead of SS, and once those in SS are gone, you have a self-sustaining system based on individual responsibility, rather than government whim.
Any Ponzi scheme starts to fall apart when the bottom of the pyramid becomes smaller than the part above it, and that's just where SS is going. Rather than perpetuate it, we need to end it.
__________________
John
Ontario 32 - Aria
Free, is the heart, that lives not, in fear.
Full, is the spirit, that thinks not, of falling.
True, is the soul, that hesitates not, to give.
Alive, is the one, that believes, in love. JCP
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