In response to:

Social Security Cliff in Sight

cchuba Wrote: Jan 18, 2013 7:49 AM
So if we raise the payroll tax by 10% that would increase the payroll deduction from 6.2% to 6.8% and all will be well, correct? We can combine that with a phased in 2yr eligibility climb and the dreaded cut in benefits will be deferred for another decade or two and by then, who knows what the demographics will look like. This does not really look like a cliff to me.

In response to my post Making Social Security Actuarially Sound in a Business-Friendly Manner I have been exchanging emails and phone conversations with Jed Graham at Investor's Business Daily.

Jed thinks benefit cuts will happen, and I agree. However, Social Security cuts are considered the "third rail" in politics.

If you are not familiar with the term, it means anyone espousing cuts cannot be elected.

Retirees Will Outlive Trust Fund

Graham's current position on the viability of Social...