"amdx" wrote in message
...
On 8/2/2015 4:37 PM, Ed Huntress wrote:
On Sun, 2 Aug 2015 14:10:50 -0700 (PDT), "
wrote:

On Sunday, August 2, 2015 at 3:48:55 PM UTC-4, Ed Huntress wrote:


There is no problem with Social Security. That's another myth.

--
Ed Huntress

You might make a fuller explaination of this.

Read the whole thing, Dan. It says about the same thing that was said
in 1987. Social Security needs another adjustment like it had it
1988.

What was the 1988 adjustment?
All I can find is, " (COLA). This adjustment, which was effective for
December 1988, resulted in a $728 million increase in the monthly benefits
..."
And something about the notch.

I can only come up with 4 fixes, raise the retirement age, cut benefits,
increase FICA taxes and remove/increase the cap.
Cutting benefits, a political nightmare.
Increase taxes, rough but probably doable.
Raise the retirement age, doable.
Remove/increase the cap, doable.

Got any others?
Your thoughts.

Mikek


There will be no COLA this year. Government says there
is no inflation.

Do you know that dividends pay no FICA tax.

Best Regards
Tom.