Jackson50 on 18 October 2008
Raising the cap will not solve any "crisis" social security is experiencing. The program is awash in cash and brings in plenty of money. The problem is that social security subsidizes the budget by purchasing government bonds. If we increase the money going into social security, it is simply going to lead to more deficit spending. The best way to solve any social security "crisis" is to cut spending now!!! That, however, will never happen. I suppose if the government does not repay the bonds...then this would make sense, but cutting the deficits is the best course of action.
