19 Oct '09 14:06>
Originally posted by Melanerpes1) Raise the retirement age. People are living longer and are healthier in their 60s. 70 is the new 65.
The effort to cut Social Security was a great example of just how hard it is to actually make an effort to reduce the size of government.
The big problem is that seniors vote at very high levels, and there's a lot of them, and they have political clout. As an ever greater percentage of the population are seniors, this problem will only become more chal ...[text shortened]... educing the size of Social Security and Medicare in a way that would be politically doable?
2) Have the payroll tax pick up again at $250k of income.
I don't have the numbers off hand; but I bet those two will go a long way towards saving social security.