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Old 01-17-11, 01:12 PM   #10
tater
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Join Date: Mar 2007
Location: New Mexico, USA
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I think that people should get out a reasonable pay out based upon what they have paid in. That said, the excess tax that was used to spend us into deficit needs to be taken into account (as programs all grow, so setting up something "paid for" by excess SS taxes 40 years ago comes to roost when there is no more "excess" SS revenue. I'd personally eliminate SS and medicare as they are known now, but in a gradual way since many have planned around the charity hand out.

I also don;t think that anyone should get benefits that were not on the table during the bulk of their working life. No retirees right now should get the Medicare Part D (drug beni). None. They never paid for that, they have no right top expect it (in any ranking I'd ding W down to the bottom for not vetoing that POS entitlement expansion).

My personal take is that SS should be what it was when started. VERY low tax rate (like 1%), and insurance, not "retirement." There is no right to retirement.

That said, I would also be a bit peeved to have paid in 15 grand a year for a long time, then get nothing out.
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