Thursday, December 03, 2015

Newspaper letters vary on whether boomers have paid their dues with regard to Social Security

On December 2, 2015, the Washington Post offered several readers’ letters on “Fixing Social Security”, in response to an earlier piece by Robert Samuelson’s column “Generational War, anyone?” on Nov. 30.
One of the letters stresses that the Reagan reform of Social Security financing in 1983 forced baby boomers to pay for their own freight in advance.  The measure built up a surplus, which through tricky accounting has been allowed to fund other deficit spending over the decades.  So you wind up with politicians like Boehner asking for sacrifice through means testing because “we don’t have the money”.  But it does seem that some readers believe that well-off retirees should not get benefits, even if they paid for them through FICA.

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