Posted on 02/03/2019 7:09:40 PM PST by Theoria
After years of Republican-led debate over how to pare back Social Security’s rising costs, Democrats are flipping the script with an ambitious plan to expand the New Deal-era social insurance program while making gradual changes to keep it solvent for the rest of the century.
The Social Security 2100 Act, which was introduced this past week in the House and the Senate, represents a sea change after decades dominated by concern that aging baby boomers would bankrupt the government as they begin drawing benefits from Social Security and other entitlement programs. It would be the first major expansion of Social Security since 1972 and the most significant change in the program since 1983, when Congress stepped in to avert a financial crisis by raising taxes and the eligibility age for Social Security.
The bill would provide an across-the-board benefit increase equivalent to about 2 percent of the average Social Security benefit. It would raise the annual cost-of-living adjustment to reflect the fact that older Americans tend to use more of some services like health care. And it would increase the minimum benefit to ensure that workers with many years of low earnings do not retire into poverty.
(Excerpt) Read more at nytimes.com ...
You are the reason I don’t debate stoners. Do you get dizzy talking in circles?
You couldn’t have a debate with a stoner because you have too much in common. You both like freebies.
I’m sorry that you cannot comprehend simple facts. It’s just a guess but I’m thinking fifth grade was the hardest four years of your life.
Keep guessing since facts do not seem to be your forte.
End Social Security?
Well, count on thousands of seniors getting on welfare, food stamps and SSI.
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