Thursday, April 07, 2005

Random thoughts

The next time you hear someone yammering that the way to "fix" Social Security is to either raise the current income ceiling of $90,000 to (fill in the blank) or do away with with the cap completely so that all earned income is subject to FICA, remember . . .

Payroll deductions for Social Security are already creating a surplus even after current recipients are paid. That "extra" is then then used to fund desperately needed projects like these.

Increasing the income ceiling or completely eliminating it will generate even more, so that after current Social Security recipients are paid, the politicians will be able to fund endeavors even more worthwhile.



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