Democrats spar and Trump weighs in on Social Security
It’s been the third rail of politics for a long time– “touch it and you die.” The “it” is Social Security and even Medicare. The Washington Post dives into the continuing back and forth between Bernie Sanders and Joe Biden on what each has said over the years on Social Security. New to the debate are remarks by President Trump that appear to open the door to reviewing entitlement programs. Though aides insist nothing has changed, Trump stated, “At the right time, we will take a look at that” in response to a question from a CNBC reporter while in Davos, Switzerland. Read full piece here.
The Association of Mature American Citizens (AMAC) believes Social Security must be preserved and modernized. This can be achieved by making modest changes in cost of living adjustments and the retirement age, with no additional taxes on workers. AMAC advocates for a bipartisan compromise, “The Social Security Guarantee Act,” taking selected portions of bills introduced by former Rep. Johnson (R-TX) and current Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas. One component is Social Security PLUS, a new, voluntary plan that would allow all earners to have more income available at retirement. This component is intended to appeal especially to younger workers. AMAC is resolute in its mission that Social Security be preserved and modernized and has gotten the attention of lawmakers in DC, meeting with a great many congressional offices and their staffs over the past several years. Read AMAC’s plan here.