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Democrats Push Plan to Increase Social Security Benefits and Solvency
The New York Times ^ | 03 Feb 2019 | Robert Pear

Posted on 02/03/2019 7:09:40 PM PST by Theoria

After years of Republican-led debate over how to pare back Social Security’s rising costs, Democrats are flipping the script with an ambitious plan to expand the New Deal-era social insurance program while making gradual changes to keep it solvent for the rest of the century.

The Social Security 2100 Act, which was introduced this past week in the House and the Senate, represents a sea change after decades dominated by concern that aging baby boomers would bankrupt the government as they begin drawing benefits from Social Security and other entitlement programs. It would be the first major expansion of Social Security since 1972 and the most significant change in the program since 1983, when Congress stepped in to avert a financial crisis by raising taxes and the eligibility age for Social Security.

The bill would provide an across-the-board benefit increase equivalent to about 2 percent of the average Social Security benefit. It would raise the annual cost-of-living adjustment to reflect the fact that older Americans tend to use more of some services like health care. And it would increase the minimum benefit to ensure that workers with many years of low earnings do not retire into poverty.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: buyingvotes; cola; congress; debt; democrats; economy; entitlement; oneweirdtrick; ponzischeme; socialistinsecurity; socialsecurity
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1 posted on 02/03/2019 7:09:40 PM PST by Theoria
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To: Theoria

Solvency?

Democrats?

Bwahahahahahahahahahahahahahahahahahah!!!!!!


2 posted on 02/03/2019 7:10:34 PM PST by Da Coyote
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To: Theoria

OMG!
They’re gonna give us all that *FREE MONEY*!
Hooray for the Dems!!!!!

Hilarious...


3 posted on 02/03/2019 7:12:36 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: Theoria

End Social Security. Don’t phase it out. Don’t privatize it. End it. Stop collecting the taxes. Stop sending the checks. It’s unconstitutional. It’s a crime against the rule of law and liberty.


4 posted on 02/03/2019 7:13:26 PM PST by GodAndCountryFirst
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To: Theoria

Expansion and Solvency are mutually exclusive.


5 posted on 02/03/2019 7:14:07 PM PST by Bryan24 (When in doubt, move to the right..........)
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To: Theoria

Add MORE benefits to a government program that is going bankrupt...

What could go wrong?


6 posted on 02/03/2019 7:14:30 PM PST by 2banana (Were you)
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To: Theoria

And how does this get paid for? Will it offend the sensibilities of the likes of Alexandria Ocasio-Cortez if we ask how new government programs get paid for???


7 posted on 02/03/2019 7:14:32 PM PST by Dilbert San Diego
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To: Theoria
. And it would increase the minimum benefit to ensure that workers with many years of low earnings do not retire into poverty.

AKA, extended welfare for those lifelong parasites.
8 posted on 02/03/2019 7:15:00 PM PST by JoSixChip (He is Batman!)
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To: Theoria

Sure. Double the benefits at half the cost. It’s easy, I tell ya!!


9 posted on 02/03/2019 7:15:41 PM PST by rbg81 (Truth is stranger than fiction)
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To: Dilbert San Diego

Money tree. Go out and shake it. That’s what they all say. They will shake down people to get it.


10 posted on 02/03/2019 7:16:39 PM PST by Theoria (I should never have surrendered. I should have fought until I was the last man alive)
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To: GodAndCountryFirst
> End Social Security.

It was designed as a scam from the very beginning, since the age of eligibility was the same as the average life expectancy at the time it was passed.

11 posted on 02/03/2019 7:17:09 PM PST by SecondAmendment (This just proves my latest theory ... LIBERALS RUIN EVERYTHING!)
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To: GodAndCountryFirst

Not so fast, professor. I can collect in a little over a year. I owned my own business for the last 40 years so I paid both the employee and employer portion.

I made a deal with the government 48 years ago ( not by choice). They would take money out of my paycheck every week and give some back when I retired. I did my part, they will do theirs.

It’s not a handout, it is an entitlement. I am entitled to the money BECAUSE IT IS MINE. They just borrowed it interest free for decades.


12 posted on 02/03/2019 7:18:14 PM PST by shelterguy
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To: Theoria

Accountants Hate This One Simple Trick!!


13 posted on 02/03/2019 7:18:19 PM PST by freedomlover
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To: Theoria

The plan is to increase spending and pretend the money is there. The same plan as before just renaming all the parts and pieces. Social Security will still become insolvent. It will just be a more acceptable insolvency, somehow.


14 posted on 02/03/2019 7:20:18 PM PST by Widget Jr
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To: Theoria

Nothing new. The RAT tax and spend party in its interminable permutation.


15 posted on 02/03/2019 7:20:20 PM PST by Fungi
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To: Da Coyote

Solvency? not a concern of the Democrats, they say the world will end in 12 years


16 posted on 02/03/2019 7:20:51 PM PST by a fool in paradise (Denounce DUAC - The Democrats Un-American Activists Committee)
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To: Theoria

Impossibly to do both things at same time. Increasing benefits, no matter how nice, lowers ( doesn’t increase) plan solvency. We are getting very very tired of all these patently false “ have your cake and eat it too” political promises


17 posted on 02/03/2019 7:21:07 PM PST by faithhopecharity (“Politicians arent born, they’re excreted.” Marcus Tullius Cicero (106 to 43 BCE))
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To: Da Coyote
Solvency?

Democrats?

It's possible. Raise the payroll tax rate to about 47% and the solvency issue will go away. And they would do it if they could.

18 posted on 02/03/2019 7:21:50 PM PST by 17th Miss Regt
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To: shelterguy

No all you did was pay those already on SS, they is no account with your name on it with money put back for you. That money has already been spent.


19 posted on 02/03/2019 7:22:59 PM PST by Captain Peter Blood
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To: shelterguy
I made a deal with the government 48 years ago ( not by choice).

That is why it is not an entitlement, but a tax.

It has been a Ponzi scheme from the beginning.

We should slowly phase it out while converting it to a defined contribution plan instead of a defined benefit plan.

It was a bad idea from the beginning.

20 posted on 02/03/2019 7:23:51 PM PST by marktwain (President Trump and his supporters are the Resistance. His opponents are the Reactionaries.)
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