By Senator Portman's admission the Social Security Trust Fund was raped by the United State Congress during the period from1983 -- 2009. Now they are saying the taxpayer -- YOU and ME -- must pay it back! Well, we have already paid into the fund and they stole it, therefore I find it only the lawful thing to have those who took it to pay it back. Therefore, why not look at the FERS fund to repay at least a portion. In addition maybe each lawmaker can look at cutting back on their staff. At present the average Senator receives $3,350,000 annually to support their staff. This does not include members of the U.S. House as I could not locate the average amount spent by each of them, but one can assume it is similar. In view of the fact these individuals actually spend approximately - year doing the job they were elected for, they could cut their staff and not be hurt by it.
Then we can look at those programs that received Social Security Trust Fund money from 1983-2009 and have those programs pay the system back.
Another thought that could well replenish the Fund might be to take off the ceiling for F.I.C.A. for a period of say two years where every wage earner will pay into the fund on everything they make. After two years that could automatically end and revert back to the current basis. This would be like the "Bush Tax Cut" program.
The bottom line through all of this is both sides will get what they want while the average American citizen will once again take it in the shorts. There will be lower tax rates, but fewer deductions that the average citizen currently has. Of course, Romney will still be able to deduct %77,000 for his horse hobby.
At the same time there will be cuts in Social Security and Medicare.
So, the game is being played out so the CMP has something to fill the airwaves with, hoping the average person feels they are getting service from their elected officials. In the end the average citizen will fall further behind.
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