One of the things that concerns me is a means test for SS benefits after about 40 years of paying in to the system. Because I've been saving for my retirement, I expect to be told I don't need my SS benefits.
I don't support a means test, except perhaps on those with the very highest incomes/savings levels. Clearly Warren Buffett getting Social Security is a waste of money for everyone (unless he manages to lose or give away his entire fortune). Since we have a $102,000 income limit on Social Security tax, how about a $102,000 income limit on benefits? (As in, you get paid SS until the point where you draw more than $102,000 a year out of other retirement accounts with a rolling average)
Guido, I haven't had bailout money directed my way. Not even the $8,000 FTHB credit.