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How Bad Will Peak Be?
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<blockquote data-quote="bacha29" data-source="post: 5045292" data-attributes="member: 58386"><p>Social Security 2021. The proposed bill is a framework for setting Social Security to remain able to pay benefits going forward. It should be something you would find encouraging . Somebody is trying to get the system better prepared based on demographic forward looking projections currently available. </p><p>Look, I pay Federal Income Tax on my Social Security benefits every year, nearly all years it has been the max 85% . Do I enjoy it? No. But it's based on legislation passed back by Congress in 1983 and signed by guess who? </p><p></p><p>As the legislation begins taking shape and comes into clearer focus GAO and CBO will keep Congress appraised of it's fiscal and economic viability . But, as I said after next year GOP will kill it in committee despite what the GAO and CBO says. That's just the way they are. They are obstructionists just to be obstructionists .That's just the way they are.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5045292, member: 58386"] Social Security 2021. The proposed bill is a framework for setting Social Security to remain able to pay benefits going forward. It should be something you would find encouraging . Somebody is trying to get the system better prepared based on demographic forward looking projections currently available. Look, I pay Federal Income Tax on my Social Security benefits every year, nearly all years it has been the max 85% . Do I enjoy it? No. But it's based on legislation passed back by Congress in 1983 and signed by guess who? As the legislation begins taking shape and comes into clearer focus GAO and CBO will keep Congress appraised of it's fiscal and economic viability . But, as I said after next year GOP will kill it in committee despite what the GAO and CBO says. That's just the way they are. They are obstructionists just to be obstructionists .That's just the way they are. [/QUOTE]
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