Proposed budget via NY times

[Nascar1966]

Originally Posted by Riot

None of that has to be done. No retirement age raises, no change in benefits.

If the cap is simply raised from the current $106,800 to about $200,000, SS is flush and readily funded for about 70 more years. If the cap is simply eliminated, SS has a surplus.

The Senate Democratic plan is to simply raise the cap. The Senate Republican plan is to take away benefits and raise the retirement age, as they don't want rich people paying more, so they will take from those least able to afford it (those making less than $106,800 per year)

"Out there" plans include means testing (so the rich don't get social security or as much, in spite of paying in) or privatizing it so Wall Street has control of your retirement fund.

Which should the country choose?

A good article on what doing different tweeks to SS will do in the long run:

Just curious what are your feeling about a proposal to raise the health insurance premiums on working class Retirees. Yet the Retirees wont get any type of raise and yet thier health premium might be going up. Im confident you are all for it and many others are for it.

Some is some reading reading for you:
http://hosted.ap.org/dynamic/stories...MPLATE=DEFAULT