Thursday, November 07, 2013

Dem Senators: We're Doing It Wrong, Let's Expand Social Security

Source: http://talkingpointsmemo.com/dc/liberals-expand-social-security-don-t-cut-it
 

Dem Senators: We're Doing It Wrong, Let's Expand Social Security disabilityhistory: In a town consumed by how quickly and how deeply to cut Social Security, a handful of Democratic senators have a different idea: expand it.Their pitch is to grow Social Security benefits by attaching it to a new formula, known as CPI-E (Consumer Price Index for the Elderly), which is based on the theory that seniors face higher-than-average price increases, such as on health care and housing. It would be paid for by phasing out the cap on wages subject to the payroll tax, which is currently $113,700. […] Progressive activists are touting the bill, eager to shift the terms of the debate from how much to cut retirement benefits to ways to increase them. yes, please, let’s change the debate! this is being led by tom harkin, who’s done a lot for disability rights. -- from STFUGOP http://on.fb.me/1eyoQ0c