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I'm about to talk to a policy expert, and have another one lined up for this afternoon. Let me know if there's something you want answered. The first guy says privatization has an almost zero chance of being passed.
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Good post. I would find this interesting myself, as I am not sure if SSN is going to be around in the next fifty years... -
My personal feeling is that it will be around. Every policy expert I've talked to says about the same thing: that it's a hugely popular program, that it's a political 3rd rail and politicians are mostly in favor of keeping it.
The system will have to be altered in some way to make it sustainable, but I think it has a good shot at survival. (Fingers crossed!)
During the Republican National Convention for 2012, Rand Paul was going on about the need to cut entitlements, and the camera panned the audience. One woman, probably in her 60s, had her arms crossed and a very, very fierce look on her face, like "Hands off my Social Security and Medicare." So I think even when some Republicans have that stance, they're going to face tremendous opposition.Comment
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with republican controlled congress and paul ryan excited over his plan? Why would the first guy think it has no chance of being passed? This is the opportunity of a lifetime.
Besides SS ask about taxing employer provided healthcare. According to study I read it's 56% of Americans are covered by employer provided health insurance.
Which has a better shot? Privitizing Medicare, SS or decoupling health insurance?Comment
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There's no longer a surplus in Social Security funds that could be used to create a privatized system. It's still pay-as-you-go, based on payroll deductions.
I'm not at all versed in Medicare policy. I haven't heard anyone talking about decoupling health insurance and employment... but it's always struck me that having the two so intertwined can really hamstring people who want to strike out on their own - but can't, because of the need for health insurance.
Guess we live in interesting times!Comment
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but will privitizing social security make it turn out like 401k versus defined benefit pensions?Comment
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