If the polls are correct and Mark Pryor manages to rise from the electoral dead by attacking Cotton for supporting SS reform, you can kiss any potential SS reform goodbye.
Terrified Pubbies will not go anywhere near it.
Eventually the “reform” will be Liz Warren’s idea to extend FICA taxes to every penny of income.
What a RINO joke
Undergirding these ideas is a positive conservative vision for Social Security. …Is that anything like the so-called “conservative case for gay marriage” that was being bandied about last year?
I’d support those approaches on SS too. Good for Rubio, willing to express a complicated idea clearly on a sensitive issue.
BUMP!
Rubio’s making an unsupported assumption and attempting to buttress that weakness with a pure appeal to emotion with the “stick to the wealthy” two-tier plan.
The unsupported assumption is about the increasing lifespan continuing. With O’Care in place, I find that to be lacking in evidence. In addition, anything that assumes a straight line into the future better have a load of facts behind it.
The class-envy appeal to emotion is simply base politics with the two-tier plan. If the money is withheld at the same rate, I don’t see they have a leg to stand on for the payout to be different.
What he really said and every congress person agrees ....."If you had died like you were supposed to at age 65 1/2 according to the SS Plan, we wouldn't be in this mess."
I just don’t include Social Security in the “Welfare State” and to think that 1400 dollars is a lot of money for working 50 years is quite insane. Sorry the reason that Social Security is a mess is because Congress raided the slush fund or whatever you call it. They should have to recoup all that money themselves. Thieves.
Truly SS needs to be gutted. Anyone under 40 should be told they will not ever receive their benefits and no further increases to withholding but that they will continue to pay the tax.
Shrinking labor force with 92 million Americans out of work? Imbeciles!
Our money is being stolen. See how places liek galvenston, Texas are able to make much more money.
http://www.forbes.com/sites/merrillmatthews/2011/05/12/how-three-texas-counties-created-personal-social-security-accounts-and-prospered/
A lower-middle income worker making about $26,000 at retirement would get about $1,007 a month under Social Security, but $1,826 under the Alternate Plan, according to First Financial’s calculations.
A middle-income worker making $51,200 would get about $1,540 monthly from Social Security, but $3,600 from the banking model.
And a high-income worker who maxed out on his Social Security contribution every year would receive about $2,500 a month from Social Security vs. $5,000 to $6,000 a month from the Alternate Plan.
I intensely dislike Rubio, but we do have to gradually raise the retirement age from 67 to 70 or 71
He wants middle- and high-income Americans to see their benefits grow more slowly and the poor to see their benefits grow more quickly.
No, we cannot means test Social Security without turning it into welfare. I don't mind Rubio coming out with a mixed bag that includes some good ideas, but I do not want him in our White House.
SS could use a bailout. One-time payment that pays out everyone’s accounts immediately. You then have the option (come tax-time) on whether or not you have SS taken out of your paycheck. If you do, it goes in an account that only SS can touch. If not, you keep your own money, and can put it in your own 401k or whatever.
Or, just get rid of it entirely. I’d be happy with that as well.
Sure Social Security needs to be “fixed.” But only after gold-plated government retirement/medical benefits programs are “fixed” first.
What they do not factor in is that legalizing the legals will increase unemployment among current employed. It will open the gates to more illegals, because the newly legalized employees cost too much. The newly arrived illegals will then need to be legalized ... lather, rinse, repeat.
Eventually everyone will be on SSI disability (permanent unemployment benefits).