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To: rabscuttle385
If by "means testing" Grahamnesty means not paying SS retirement benefits to those who voluntarily work past SS retirement age and earn high wages (i.e., 70-year old business executives) that is one thing, as they are voluntarily not retired. But I doubt this would amount to any big savings.

If Grahamnesty means an asset-based means test like Medicaid uses, Katy bar the door.

The idea those who are responsible, live on less than they make, and save for their own retirement would have their SS retirement benefits means tested away, while someone else who perhaps earned more, spent it unwisely, and now has few assets would receive benefits would create an environment right out of Atlas Shrugged.

307 posted on 01/02/2011 3:25:00 PM PST by magellan
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To: magellan; drbuzzard
The idea those who are responsible, live on less than they make, and save for their own retirement would have their SS retirement benefits means tested away, while someone else who perhaps earned more, spent it unwisely, and now has few assets would receive benefits would create an environment right out of Atlas Shrugged.

That's the nut of the whole debate right there. And very well put!

However, there are some here who say such prattle is just "symbolism."

311 posted on 01/02/2011 3:28:14 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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