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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTop House Republican Unveils Plan To Gut Social Security
In order to close Social Securitys long-term funding gap, Johnson would make Social Securitys benefit formula less generous for all but the lowest earners, rapidly raise the retirement age and reduce the annual cost-of-living adjustment, among other changes designed to save money.
Johnson also proposes changes that would cost the program money, like an increased minimum benefit for the poorest retirees ― provided they have a long history of covered employment ― and the elimination of income taxes on Social Security.
Under Johnsons plan, a middle-class 65-year-old claiming benefits in 2030 ― one with average annual earnings of about $49,000 over 30 years of covered employment ― would experience a 17 percent benefit cut relative to what the program currently promises them, according to the Social Security Administrations chief actuary. A 65-year-old with the same earnings history claiming benefits in 2050 would experience a 28 percent benefit cut compared to current law.
http://www.huffingtonpost.com/entry/top-house-republican-social-security-cuts_us_584b1bb8e4b0e05aded3ff3c
Zoonart
(11,922 posts)CUT THE CRAP and RAISE THE CAP!
MY SS, NO BS!
a kennedy
(29,796 posts)The solution has always been there and it is very simple and effective.
Dustlawyer
(10,499 posts)Don't get lost in Trump's white noise of controversies. Keep an eye on the important things like SS, Medicaid, Medicare, voter suppression, Russian hacking, Muslim ban...
Our media is chasing every rabbit trail Trump throws out. We must remain focused and stick to important issues!!!!
Next week the Republicans plan to introduce 5 different tort reform bills to give corporations virtual immunity from civil suits. Just getting rid of the regulations was only half of their problem, they have to take away YOUR ability to sue!!!!
safeinOhio
(32,763 posts)I'm telling ya.
fleur-de-lisa
(14,629 posts)They will have elderly folks coming after them from every direction! Won't matter what party they belong to . . .
GoCubsGo
(32,103 posts)They won't know what's happening until it hits them, and it's too late. I had one of them laugh right in my face when I pointed out that this was coming down the pipe. Even when you warn them, they don't believe you.
dawg
(10,626 posts)It's the rest of us ... the "future" elderly.
fleur-de-lisa
(14,629 posts)but most elderly folks I know are retired and they've got time on their hands.
Once the older repubs figure out they're going to get screwed by this, they will come out in droves, just like they did when the Teabagger Party started.
dawg
(10,626 posts)Older Dems will fight, of course. But older repubs will be like "We'll, as long as *my* benefits don't get cut, screw them whippersnappers."
wiggs
(7,826 posts)framing the social security debate...allowing it instead to be discussed as a driver of debt, as an 'entitlement', as nearing total meltdown, as welfare for the irresponsible, etc....instead of as one of the most successful govt programs ever that simply needs some small tweaks to adjust for unanticipated stagnant wage growth in the middle income earners over the last 40 years...the top 10% instead got the income growth and the increase contributed nothing to SSI.
Some dems and one independent have done well in explaining the facts and offering solutions...but as the gop has known for years messaging is most effective if coordinated and deliberate especially if media doesn't do their job to counteract fake news.
FreeStateDemocrat
(2,654 posts)bring together some massive forces to push back enough force to make the pukes piss themselves and fold like a cheap suit.
This is the fight we need to get into that can lead to a sweep in 2018.
They need to get the WH on record supporting this and then we got them.
CousinIT
(9,279 posts)They really should be out in front w/ this now before LYIN RYAN and the rest of these crusty cretins get started w/ their propaganda campaign.
n2doc
(47,953 posts)And I am not going to sit idly by while you try to steal it from me so that you can give rich motherfuckers like Trump huge tax cuts.
GReedDiamond
(5,321 posts)...fuck them all to hell.