11/30/07: You twist wrenches for a living??!!!

That's got the Uri Geller spoon bending beat all to shit.

What was being talked about on Meat the Press by Obama was raising the income level under which taxes are taken out for Social Security. The current level is $97,500 and will be raised to $102,000 next year. Note that this is the individual limit, which would mean you and your wife would have to be currently knocking on the door of a $204,000 combined income to be affected by the proposed raise.

I applaud Obama's courage and foresight for addressing what will be a pressing problem in seven years. Social security will be upside down by 2017 and will be bankrupt by 2041 if nothing at all is done. He correctly claims that Hillary seems to lack a plan for Social Security solvency and had been dodging questions regarding such.

http://www.usatoday.com/news/politics/election2008/2007-11-11-obama-social-security_N.htm

what Hillary does propose, however, is tax cuts to help fund personal 401K plans for those without one. These "American Retirement Accounts" would allow for a $5000/year tax deferred saving with the government matching the first $500 for those earning more than $60K/yr. and matching the first $1000 for those making less than $60K/yr. The cost of this program would be paid for by freezing estate taxes at their current levels.

http://www.hillaryclinton.com/news/speech/view/?id=3640

It's refreshing to hear two candidates not only discuss a solution to a looming problem but tell us how that solution is to be paid for.

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