[StockAyatollah]

I don't think this will fly exactly as Greenspan proposed. This is just a trial ballon to get the American taxpayer sucker used to paying more and getting less from the socialist insecurity program. What will inevitably happen is "means testing". Benefits will be reduced according to some marxist scheme. For instance, if you draw a certain amount out of your 401K, your SS retirement benefit will be reduced. But the kicker is that this level will be indexed, just like the maximum amount of income that you have to pay FICA payroll taxes on has been indexed.

WAKE UP SHEEPLE. Voting republican will not help. Every pubbie from Eisenhower to Reagan to the Bushies have loved social security. It will take a minor revolution to dump this horrific ponzi scheme.

[CurlyDave]

What will inevitably happen is "means testing". Benefits will be reduced according to some marxist scheme.

Don't look now, but means testing has already happened. It started in 1983. It used to be that SS benefits were not taxable. In 1983 50% of benefits were made taxable, and under the 'toon, this percentage was raised to 85%.

This is a means test. If one has no other income, benefits are not taxed due to how the IRS code works. If one has other income, benefits are taxed.

Here in Kali, my marginal rate is ~40% for both state & federal, so my benefits will be reduced by ~34% when I start to draw SS. That is a means test no matter what they call it.