AARP wakes up to reality, kinda. Their new stance is:
1. Cuts should be minimal and affect "future" recipients only,
2. Cuts should be offset by a tax increase, and
3. SS Trust Fund should not be raided to pay down the deficit.
The thing that gets me is that the SS Trust Fund has been raided by Dems and the GOP for every hair-brained spending program you can imagine, but it's hands off the surplus to help pay off our national debt. Sounds a bit cockeyed to me.
How about eliminating the FICA (payroll tax) ceiling and using the SS surplus to help pay off our debt until it is needed by new retirees in about twenty years and not touching the Fund for any spending programs? This won't affect any working stiff earning less than than $106,800 a year. Even the Medicare payroll tax has no wage limit. I wouldn't even mind if Congress waived this increase for themselves (as they do for everything else) if that's what's holding things up.
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