A fight for social security could be imminent, according to former Senator Alan Simpson, a Republican from Wyoming, who co-chaired the bipartisan deficit and debt commission put together by President Obama, with Erskine Bowles.
The two put together reports that would both cut spending and reform taxes, but they were largely ignored, according to US News. Now, AARP has decided to fight back for Social Security, setting up advocacy campaign You’ve Earned A Say.
The group has made a dozen proposals, urging liberal and conservative experts to analyze them. These proposals include: raise the full retirement age, longevity indexing, Recalculate the COLA (cost of living adjustment), increase the payroll tax cap, eliminate the payroll tax cap, reduce benefits for higher earners, increase the payroll tax rate, tax all salary reduction plans, cover new state and local government workers, benefit improvements, increase the years used to calculate initial benefits, and begin means-testing Social Security benefits, according to US News.
News Chief reports that both Simpson and Bowles were able to figure out a way to avert the Social Security disaster by gradually slowing the growth in benefits, while not reducing current benefits. They also suggested slowly raising retirement ages, as well as have people who make more contribute more to payroll taxes.
In the upcoming election, US News reporter Phil Moeler urges:
“With national elections less than five months away, it is incumbent on older voters to know where their candidates stand on these possible Social Security changes. Press them for detailed proposals and not just bromides about supporting our nation’s seniors.”
Check out more information about the fight to keep Social Security here:
"Press them for detailed proposals and not just bromides about supporting our nation’s seniors.” Ha, I think this comment suggests we 'press them for more lies'.
I don't want social security to go away…its just going to hurt pple who cant find work.
The Politicians do not have to rely on social security, so they feel "ENTITLED" to do with it what they want. they don't care if the ones who are on it, or will need to be on it in the future. Our gov't has crossed the line, they abuse their power, misuse our money, and enforce stupid laws. I know someone who is on SS and if they lost that, they would not have anything, as they have NOTHING now!
They touch educational programs, like Pell Grant. They have their hands into everything. Our gov't is doing this to us. While the rest of us have to stay within our income, and budget our money, they are partying on ours and they spend spend spend. Our government is out of control. They have no common sense, priorities, or morals. They don't care. If you protest the gov't then you get into trouble. So this is a win win situation for them and a lose lose situation for the american people. Our gov't gives away tons of money to illegal immigrants, while the American tax payer SUFFERS! when will this end?
not to mention the billions of tax payer money giving to country's who could less about the american in general. also they give and take away jobs so how can a tax system support this country's people when they need it most.,
hey simson have the big spending government and that includes the republicans tp pay back the debt they owe the social security system it amazes me we can spend 100 billion on illegal aliens who pay nothing and get everthing for free we spend billions and billions on wars all over the world that we shouldn't be fighting its ok the tax payers fund all the retiement funds for people like allan simpson but I notice none of these politicians will give up anything just the social security system needs to give in but we keep voting these sleasy crooks into office both partys are the same crooks!
SS was solvent until our elected officials had to stick their little fingers into it to buy votes & to woo potential campaign contributors. SS is funded by American's for American unlike 99% of the legislation that comes out of Washington. This is not an ENTITLEMENT. However, SSI has graft & has a problem with oversight. Billions are going to those that didn't pay in.
i myself am handicap, and this shit…is bullshit