Originally Posted by Guest

You are on the right track in your thinking.

It does appear that spending is now the name of the game, although that is a bit unfair, but still have no heard a word about anything but spending. In addition, our newest drama with Mexico could cost a few bucks.

So keep your eye on the spending which is my second biggest concern (our foreign affairs being first) but there is a glimmer of hope.....House Social Subcommittee Chairman Sam Johnson, R-Texas has introduced legislation aimed at exactly what you speak of and to try and do it with no harm on current recepeints,

The link below will lead you to some details, etc but basically, Rep Johnson proposes raising the retirement age to 69.

In addition, ranking Democratic member of the House Social Security Subcommittee, Rep. John Larson is also introducing legislation to raise the payroll tax cap on Social Security contributions, which would have a major impact.

Even without the obvious new spending, this needs to be done.

http://www.cnbc.com/2017/01/24/socia...efit-cuts.html

Originally Posted by Guest

If no one attempts to correct the path to depletion of our SS, the first thing that will happen (legally) will be the lowering of the monthly payout. Meaning, each recipient will get a lower check each month. There is a provision for this in the SS regs, so don't act surprised when it happens. Republicans want to do something to sustain SS, while the left wants to ignore the cliff that is approaching fast. It's not all gloom and doom, just fact that it is either fixed or we do without, period.