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Wilson County News • 1012 C St • Floresville • TX • 78114 • Ph: 830-216-4519 • Fax: 830-393-3219 • Email:
Thursday, Jul 31, 2014
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squawk box  
Pandora, Tx  
December 18, 2012 4:51pm
 
Alvin......absolutely correct.....Cut benefits across
the board at least 10 percent and consider a even larger
cut for those of us who have been on social security
longer than 15 years. We paid a lot less than the
people just entering the Social Security benefits
population. Those that retired in 1980 took less than
three years to recoup their investment with a gradual
increase in recoup time for those who retired later.
Concerning the disability benefits, the requirements
have been diluted enough to allow many people to game
the system. The disability trust fund is due to exhaust
itself by year 2016. By law, the disability trust fund can only
pay out what is collected in taxes so benefits will be
reduced by an estimated 25 percent or taxes will have to
be increased. Anyone betting a the benefit reduction ?
I noticed that the Senator did not address this issue
which will be on us in a little over three years.
     
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