"The bravest are surely those who have the clearest vision
of what is before them, glory and danger alike,
and yet notwithstanding, go out to meet it."~Thucydides
Please support Free Republic
click the pic
Posted on 05/13/2014 1:15:06 PM PDT by SeekAndFind
WASHINGTON (AP) — Younger workers would face higher retirement ages and wealthier Americans would see their Social Security paychecks trail their less affluent neighbors under a plan proposed Tuesday by Sen. Marco Rubio.
Rubio, a first-term Republican senator from Florida who is outlining a policy agenda as he weighs a presidential bid, also proposed allowing all Americans to join federal retirement accounts. He vowed to protect benefits for older Americans but he added that changes were needed if the system is to survive.
"The Social Security trust fund is drying up," Rubio said, referring to money collected to pay certain benefits.
He said the safety net for retirees will run into debt in 2033 if changes are not made. "This is not a scare tactic. ... It is a mathematical certainty if things remain unchanged."
Democrats said the Rubio proposal is one similar to Republican Mitt Romney proposed when he unsuccessfully ran for president in 2012.
"Sen. Rubio's plan is just the latest example of the Republican Party's out-of-touch policies that benefit a few instead of extending opportunity for all," Democratic National Committee spokesman Michael Czin said.
(Excerpt) Read more at news.yahoo.com ...
"The bravest are surely those who have the clearest vision
of what is before them, glory and danger alike,
and yet notwithstanding, go out to meet it."~Thucydides
Please support Free Republic
click the pic
A gimmick, big whoop.
Does everyone get a houseboat, an RV and a beach house, too?
Rubio’s thinking small—Open up all of the benefits Congress enjoys to all US citizens.
They work for us, after all.
90% payout government pensions for all!!!
Wall Street wouldn’t be the same if the general populace could trade on inside information just like Congress critters...
This is true, but times have certainly changed in the last 10 or so years as the US moves to a part-timer employment force. The chances of young people working 30 years for the same company nowadays are pretty slim, unless one is in gubment work.
bankrupt America as fast as possible?
Does that include their stock tips for insider trading? Even CNBC admitted that Cong. critters make "market crushing" returns.
Maybe not, compared to MYRA, lets look at this...
The TSP ( Thrift Savings Plan ) had something like 7 investment options when I was exposed to it. Low cost provider ( Barclay's I believe behind the scenes ) with the boring almost Vanguard approach, index, growth and bond funds. You could build a boring steady as she goes portfolio and it would be ho-hum and grow.
Now for all the cheap SOB's that won't offer 401k's to their employers ( I've seen them, and I have seen the corollary that found low cost options and did right by their employees), or are offering expensive ones, this option would be a no brainer. Even more so the low-information voter that has no idea about the investment world could be brought into it and maybe just maybe at some-point take an active roll and learn about it and empower themselves and got just go along and expect the worst.
With on caveat, that they must pick their own funds and or get professional advice, not what WJC wanted to do and go with pre-determined options and Greenspan told him no since he thought it wouldn't pass legal muster, but then again post Justice Roberts, all bets are off...
Can someone help me please?
I’m trying to find the words “retirement,” “Social Security,” and “benefits” in the Constitution.
Oh, yeah. And “education,” “health care,” and “health savings accounts,” too.
I know they must be there, or Republicans wouldn’t keep proposing ideas for the federal government to run them, would they?
RE: I’m trying to find the words “retirement,” “Social Security,” and “benefits” in the Constitution.
Oh, yeah. And “education,” “health care,” and “health savings accounts,” too.
______________________________
The left will always use these clause to justify all of the above:
“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence, PROMOTE THE GENERAL WELFARE....”
Section. 8.
“The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and GENERAL WELFARE of the United States”
You mean it's good for us and not for you? Like your Congressional healthcare vs. Obamacare?
They can't continue to play hypocrite much longer, someday the sheeple must wake up...
There's no such thing.
Just cash coming from other people. And it was spent anyway a long time ago.
Nuthin' but borrowing to pay off IOU's coming due.
Great idea Rube, and give us all the same medical care as Obama gets too.
That will work.
Better yet, force Congress into the same retirement and health plans they are forcing on us.
I think you have something there. . .
With what, Marco, dufus water drinker?
Monopoly money?
We, our kids, I should say, do NOT HAVE the MONEY!
We are $18 trillion in debt.
What an idiot.
NO.
Put congress onto our retirement plan.
Blood is shooting out of my eyes.
But, but... he’s ready to be President, donchaknow.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
