Wednesday, February 17, 2016

Magic, taxes & other stuff: How the Presidential candidates will fix Social Security

Robert Powell of MarketWatch has a nice summary of the Republican and Democratic presidential candidates’ positions on Social Security reform.

Interesting how on the Republican side only one candidate (Ted Cruz) is advocating for personal retirement accounts. Also interesting, though not noted, is that both Democrats now rule out any benefit cuts. While there’s still a lot of room for debate, the center of gravity on Social Security reform is shifting toward the left.

Check out the whole article here.


JoeTheEconomist said...

It is a stretch to say that Ted Cruz has a position on SS. You can say that you are for personal retirement accounts without saying how you will pay for them. None of the GOP is talking about cutting the benefits of current or near term retirees. No one is saying how they will pay for that promise.

I am not crazy about Sanders' ideas but he has a plan that you can at least consider.

WilliamLarsen said...

When people and candidates are totally ignorant of how social security works in terms of benefits, revenues and trust fund, how can anyone take the serious.

I would bet that not one of the candidate could methodically go through the steps to calculate the initial SS-OASI benefit.

Anyone who even listens to these candidates could easily be sold the Brooklin Bridge. It is totally amazing how many misconceptions these candidates are putting fourth and people are choosing what they want to hear and no one is telling them truth.

Kick the can down the road brought to us by the Greatest Generation who perfected the art of kicking the can when they were kids.