Social Security...commentary

When President Bush offered some changes which he believed would strengthen the program he was savaged by criticism stating he and the GOP wanted to destroy SS.  Although I disagree the proposal would not make meaningful changes, merely leave it to future Congresses to make needed changes, I felt a better alternative funding mechanism be considered.
For that reason I researched SS and created a blog which I believe is better then the "slight of hand" Washington continually does to not seriously resolving financial problems.  I submit the following for your review and would also appreciate your feedback.

http://strengthensocialsecurity.blogspot.com
In a nutshell I suggest we scrap the payroll tax, which would increase every worker's paycheck by six percent, ever business would see a six percent reduction in the cost of labor, and ever self-employed a savings of twelve percent.
To offset this lose..raise the income tax rate tables by a percentage equal to achieve the amount required.

The blog provides more details including the other benefits....

Share with your staff....

Regards,
Anthony Bruno
Cary, NC

Bruce Webb to Anthony Bruno date Wed, Sep 29, 2010 at 6:15 PM subject Re: To Strengthen Social Security.... mailed-by mac.com

hide details Sep 29

I am out and about and will review your site later. But what you propose transforms Social Security from an insurance plan  whose structure provides it the political insulation that has kept it relatively untouched by the demands of capital into welfare and a spending category like ant other-subject to be put on the side of 'spending we just can't afford' by Republicans.

You might want to ponder the age old saying "He who pays the piper calls the tune", it is only the worker funded for worker structure that keeps it alive in the face of a Party that has always hated it.

Plus I have no staff. I don't even have a job right now.