>This indexing of benefits to inflation instead of wages may help as does a guaranteed median federal benefit of $29,500 65 years from now seem necessary? BTW, I am most concerned about low income retirees as doing nothing to change the formulas doesn't and running SS off of the diminished trust payments doesn't seem particularly harmful 50 years from now except for that group.
Let me try that again: The indexing of benefits to inflation instead of wages could be considered in a new plan as the median benefit several decades from now does seem to be high. Simply reducing benefits so that SS does not run a deficit, as shown in the SS projections, ends of with a SS system which yields benefits much better than recipients are receiving now - except for some low income recipients. Krugman argues the President's plan will be worse for nearly all recipients than simply cutting benefits to match cash flow as shown in the SS projections That seem much clearer. Gary Denton _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
