Ugzugz wrote:The answer to fixing Social Security is not to leave the current system in place and only raise the age or the taxable caps... that's foolishness that only perpetuates the problems.
Well, no. If raising the age and increasing the amount of income that was taxed, by themselves, enabled the government to keep paying full benefits forever, that would *solve* the insolvency problem, wouldn't it?
Again, the personal accounts issue is 'chrome' that is aimed to encourage more saving, not anything that would reduce the insolvency issue itself. People need to be very clear on that to avoid confusion. The White House site is actually pretty clear - personal accounts are not given as a means of cost reduction, but as a means to encourage more saving.
--R.