Hi,
Thanks for the feedback. A few weeks back I wrote about public pension programs. It is amazing the difference between what Dallas is doing and what Houston did.
They grandfathered in all retirees, no cuts in benefits, nor did they raise taxes. Instead they cut benefits and a lot of other things for the younger workers.
The real solution is to do what 98% of the private sector has done, go to 401 (k) type programs where the employee has control over their own money. Of course the liberals cringe with that because then they lose control over the population.
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Today I got a draft of the first republican pass at fixing social security, which has been introduced as a bill in the house. It is really a starting point for negotiations. You would think the libs wrote it. It includes:
Raising the retirement age to 69.
Means testing and cutting benefits for wealthy.
Reduction in Cost of Living Adjustments.
No cost of living adjustments for high earners.
Raising the tax ceiling for social security taxes.
Increase benefits for low-income people.
FICA is the Federal Insurance Contribution Act, known as social security. It was sold as an insurance program, increasing contributions and benefits based on your income. If the changes are implemented it is nothing more than a wealth redistribution plan.
While the numbers will be negotiated and the liberals will howl, the underlying premise is to screw those who work hard and reward those who don't.
My wife and I have seen our net check drop $45/month since 2015. Supposedly they gave us a small COLA increase but they raise the Medicare premiums so our check goes down. Make no mistake the government is already screwing those who worked hard, paid in their money and were promised benefits.
Regards,
5412
