"Fixing" the Social Security Slush Fund

[WhiskeyGirl]

Lots of ideas -

For years, workers could begin receiving full Social Security benefits at age 65. But beginning with people born after 1938, that age is rising to 67.

Sanders asked multiple witnesses about the effects of increasing the retirement age to 70. The witnesses agreed it would reduce retirees’ incomes because so many people retire early, usually for health reasons, and take a lower Social Security benefit.

Ross Eisenbrey, vice president of the Economic Policy Institute, suggested raising the tax cap for workers and removing the cap for employers, increasing what workers and companies pay for Social Security and rapidly pumping more money into the system.
Employees and employers pay into Social Security for the first $106,800 a worker makes.

Some lawmakers have different proposals, which do not include raising taxes, for how Social Security should be reformed. None of them were at the hearing.

Rep. Paul Ryan, R-Wis., has proposed a bill he says would make Social Security solvent permanently. Workers under age 55 would could choose to invest more than one-third of their Social Security taxes in personal retirement accounts. These accounts would be similar to Thrift Savings Plans available to Federal employees that allow workers to leave the money to heirs and guarantees workers against loss, unlike other retirement accounts based on the stock market.

more here - http://www.infozine.com/news/stories/op/storiesView/sid/43864/

Does it really matter how much is taken from workers when it goes into a fund that doesn't exist?  How many IOU's are in there?

Does it really matter how much MORE government takes when politicians in Washington keep expanding the number of non-contributors that are eligible?  How many illegal aliens or guest workers will get a lifetime of benefits and have only contributed for 10 years?  How many illegal aliens like Obama's aunt get to benefit and have not contributed anything?  Why isn't Obama supporting his aunt?  Why is she foisted upon taxpayers?

Why isn't Social Security based on your actual contributions plus a small interest?  Systems like this exist in Mexico and South Korea.  You don't get the benefit unless you contribute.

Will Social Security ever be solvent when politicians and government agencies keep adding non-contributors and leaving IOUs?

Why should workers, hard working Americans, who have contributed for a lifetime watch their benefits decrease year after year?  At the same time, those who have contributed far less, fewer years, or not at all win the Social Security jackpot?