Free Republic

Experts are warning that the Republican Party's plans to overhaul Social Security should "terrify voters". Earlier this year, the Republican Study Committee (RSC) published its FY 2024 Budget Protecting America's Social Security. Policymakers in Washington are negotiating changes to the retirement benefit system in light of concerns that the Social Security system will become insolvent by 2023. According to analysis, Republicans are proposing cuts to Social Security and raising the Retirement Age. Alicia H. Munnell, the director of the Center for Retirement Research at Boston College, is sounding the alarm that "rich" Americans will not be the only ones experiencing...

Democratic senators are pleading with President Obama to abandon his proposal to trim Social Security benefits before it becomes a liability for them in the midterm elections. The president proposed a new formula for calculating benefits in his budget last year, in hopes that the olive branch to Republicans would persuade them to back tax increases in a broader fiscal deal. But Democratic lawmakers say Obama should shelve the idea now that they are facing a difficult midterm election where they need to turn out the liberal base to preserve their Senate majority. “I’m not sure why we should be...