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joshcryer

(62,269 posts)
13. Correct. Obama's proposal was Chained CPI with increased minimum.
Sun Nov 22, 2020, 01:50 AM
Nov 2020

And that's exactly what Biden's plan is. I assure you nothing has changed. He's just going to rebrand it.

https://www.cbpp.org/sites/default/files/atoms/files/2-22-12bud.pdf

https://www.americanprogress.org/wp-content/uploads/issues/2010/12/pdf/social_security.pdf

And I assure you that the left will bemoan this because it "hurts" Social Security even though it is designed to strengthen it. Even though it will bring millions of seniors and disabled people out of poverty. Because, yeah, the boomer with the retirement getting $3k a month and a $401k getting $5k a month or something like that really is gonna hurt by these cuts.

As long as there is a baseline minimum SS can be saved, bolster people out of poverty, and pave the way for UBI (yes, that's the end game but we can't talk about it).

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