Social Security

[ClydeR]

Sen. Rick Scott is fighting back against people who previously supported his plan but, after Biden's SOTU, now attack it.

“It’s nice to get attacked by the Washington establishment, because it tells everybody I actually represent Floridians,” Scott told host Martha MacCallum.

The Senator said his plan to “rescue America” includes a provision that “Congress ought to tell you how they’re going to preserve Medicare and Social Security that are going bankrupt.”

“Now, they say if I said in there we ought to review programs every five years, they said somehow that’s a cut. Well, you know what? What do we do on defense? There’s no 40-year plan for defense. There’s no 100-year plan for defense. Every year we go through the defense budget. So if you don’t support a 100-year defense plan, you must be cutting defense every year,” Scott mockingly asserted.

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[Seran]

Sen. Rick Scott is fighting back against people who previously supported his plan but, after Biden's SOTU, now attack it.

Uh huh, so that thing he said the President was lying about him wanting to cut would actually be put on the chopping block by removing Social Security and Medicare as entitlements. Great plan on the part of the GOP to make it so that every few years the country gets to plan chicken with two programs tens of millions rely upon. One veto and a President could undo decades upon decades of success

[ClydeR]

Sen. Lindsey Graham got it right last year when he said Social Security may have to be made need-based. He said people with military pensions don't need Social Security in addition to their military pension. Today, he probably doesn't remember saying it, since that was eight months ago. Who can remember what they said that long ago? Youtube remembers.

https://www.youtube.com/watch?v=9j22-8gmENI

[Suppa Hobbit Mage]

No one else should respond to this, let Seran and Clyde fluff each other.

[ClydeR]

No one else should respond to this, let Seran and Clyde fluff each other.

No debate is needed. It is entirely reasonable that nobody should get pensions from two separate government systems. Let's stop talking and start fixing the problem.

[Seran]

No one else should respond to this, let Seran and Clyde fluff each other.

I'd be content if your friends would also stop posting in other topics while us grownups have discussions.

[ClydeR]

Here are some excerpts from the Republican Study Committee's proposed 2023 budget. All of the below quotes from that budget would be cuts to Social Security. It was signed by a group of 16 House Republicans who want to improve the stability of Social Security and who were brave enough to stand up and say so. That is, they were brave until Biden mentioned Social Security in his State of the Union speech, at which point their bravery melted completely away and they now apparently have no recollection of this report. I wonder if their signatures were forged on it.

The RSC Budget would adapt the Social Security Reform Act to modernize the formula Social Security uses to calculate the level of monthly checks for future retirees. The Social Security Reform Act would produce a flatter benefit where workers who had lower levels of average lifetime earnings see higher benefits relative to current law while slowing the rate of growth for those that had higher levels of average earnings. The RSC Budget would modify this new formula by leaving the calculation as it is now for workers with AIME up to the AWI (150% of an average worker’s AIME) and reducing the contribution to initial benefits from income over AWI to 2%.

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Following completion of the incremental adjustments proposed by the Social Security Reform Act, the RSC Budget would link the normal retirement ages to the life expectancy of retirees to keep the program from falling out of balance in the future and providing additional security in case life expectancy decreases in the future. To be clear, these reforms would have no effect on those currently receiving Social Security benefits or those 55 and older. The RSC Budget would also adjust the number of working years included in benefit calculations from 35 to 40 to further match changes in retiree life expectancy.

The RSC Budget supports efforts to provide workers the freedom to choose how to save their own money for retirement. It urges lawmakers to consider legislative options that allow employers and employees to reduce their payroll tax liability and use those savings to invest in private retirement options. Americans should be free to invest their savings in the way that best fits their needs – whether that is Social Security, an employee retirement plan, or an individual retirement plan.

Ensuring Social Security provides a secure retirement for low and middle-income retirees requires modernizing auxiliary benefits, which are add-on benefits for the retired wage-earner’s spouse, children, and certain other dependents. These benefits provide higher benefits for wealthier families since auxiliary benefits scale up as a percentage of income and since wealthier families are much more likely to have a stayat-home spouse. Under current law, a billionaire over the retirement age could receive their normal benefits and gain an auxiliary benefit for a dependent child. In 2020, total auxiliary benefits for all spouses and children of retired workers cost $39.434 billion.

For these reasons, the Social Security Reform Act would phase in a limitation on auxiliary benefits. The RSC Budget would expand upon the Social Security Reform Act’s reforms to gradually phase out such auxiliary benefits for high-income beneficiaries that do not need the extra support for their family members. Working- and middle-class families would still be eligible.

[~Rocktar~]

I'd be content if your friends would also stop posting in other topics while us grownups have discussions.

So you are saying you are going to quit posting entirely?

[Methais]

Uh huh, so that thing he said the President was lying about him wanting to cut would actually be put on the chopping block by removing Social Security and Medicare as entitlements. Great plan on the part of the GOP to make it so that every few years the country gets to plan chicken with two programs tens of millions rely upon. One veto and a President could undo decades upon decades of success

Don't worry dude, your welfare checks will still be in the mail. Because that's all you're really worried about.

[Methais]

So you are saying you are going to quit posting entirely?

Seran doesn't have any friends. Or self awareness.

I bet Seran has a poster of Joy Behar on his ceiling. Above his bed.