Posted on 04/08/2024 8:59:17 AM PDT by SeekAndFind
What happens when one of the major political parties suggests the most modest of reforms to the benefits future Social Security beneficiaries will receive?
The other major political party goes ballistic.
Such were the atmospherics when the Republican Study Committee (RSC) played against the prevailing type with the GOP so far and issued a plan that included tweaking the retirement age.
According to the RSC plan, the changes are intended to “prevent Biden's cuts to Social Security.” Setting aside who would be responsible for any future benefits cuts – which are all but assured if no one does anything now to avert them — the plan attempts to cover its political bases as thoroughly as possible, noting that then-Sen. Joe Biden supported earlier tweaks to the Social Security system that raised the retirement age from 65 to 67 :
When President Biden served as a Senator in 1983, “…he was directly involved with one bipartisan compromise that became law and kept Social Security solvent for decades.” He, other Democrats, and Republicans came together in a bipartisan fashion to address Social Security's solvency issues at that time. Biden voted to raise the retirement age from 65 to 67, tax Social Security benefits for the first time, and delay cost-of- living adjustments to preserve the solvency of the OASI trust fund.
The new proposal suggests:
…delayed changes to the Primary Insurance Amount (PIA) benefit formula, the retirement age, auxiliary benefits for high-income earners, and gradually moving towards a flat benefit.
It also urges all sides to come together and discuss reforms like adults and statemen, which is asking a great deal from the current bunch of time servers in the White House and Congress.
Too much, it seems, as Team Biden preferred to throw mud rather than talk:
…the Republican Study Committee – which represents 100% of House Republican leadership and nearly 80% of their members – just proposed yet another budget that would cut Medicare, Social Security, and the Affordable Care Act, as well as increase prescription drug, energy, and housing costs – all while forcing tax giveaways for the very rich onto the country. Their plan would even raise the Social Security retirement age.
“Raise the Social Security retirement age…” just like Joe did way back in the day.
It's naïve to hope that the major parties would discuss such important fiscal matters in an election year (or any other year, really). But one might still hope that at some point, such discussions will happen despite the base instincts of pols and their handlers.
That point will come…sometime around 2033 or so when there won't be enough money to pay current beneficiaries…and their monthly checks will be cut. Act now, or cut later.
That is why I call it a Ponzi scheme with guns.
Bernie Madoff would still be solvent if he had the mob requiring new “investments”.
Looted by the rats decades ago and being used for everything and everyone who did not contribute they now have come up with a reform that will increase the age to collect hoping you dont make it there
If we don’t stop them, the Rethuglicans will ban using Social Security to pay for third-trimester abortions.
Vote Biden!
I’m sure most would like it. But obviously they will never do it. It’s just going to get worse from here.
THere will be no benefit cut to SS. SS will be part of the deficit spending.
Raising the retirement age is political loser. Are you crazy? Only 20% of workers work past the age of 65. Age descriminnation is real What are these people suppossed to do for work?
Abortion and SS are the uniparty weapons.
I am working part time at Home Depot they hire a HUGE number of seniors AND they pay $25.00 an hour all of my Medicare supplementals are through Home Depot at 1/3 the cost I was paying before it is a great job!!
(But please excuse me for a bit... I gotta go stumble around outside in the dark.)
Tweaking a ponzi scheme. Yeah, that’s the ticket.
7. End the program and phase it out.
Take 12.6% from me - promise benefits to people that paid 6 or 8 % in is just theft. Let the future generations opt out. Ponzi scheme is not sustainable.
The 6-8% people also paid 12.6%. Their employer covered the rest. This is the standard procedure.
Why tweak the SS age? The pubbies always shoot themselves in the foot before a major election. We certainly have billions maybe even a trillions to support countries that hate us, illegal aliens, welfare etc.
That’s right. When they do layoffs they terminate the oldest. Nobody wants to hire geezers.
They last increased it it 1990. Go look it up.
Thanks. I did my time. I waited til 65. I enjoy sitting in my ass collecting my social security and my pensions plural. I did my time.i had no problem paying my supplemental.
No one is shooting themselves in the foot.
This is Swamp filth shooting Trump in the back.
The 2 closest HD by me only hire minorities. The service is awful. I will say that my cousin an engineer graduate from Annapolis was laid off from his job after 35 years. He went to work at HD and really liked it. But that was NJ.
Yes by all means talk about in an election year. Real smart.
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