Rubio on Social Security Spending Cuts
Florida Senator Marco Rubio, in a recent interview with Politico Playbook, endorsed the need for Social Security and Medicare reform. In framing his remarks about Social Security, Rubio suggested “We don’t need to reduce benefits on current retirees or near-term retirees, but we can make changes for future generations, such as mine, and do so in a way that people can prepare for, so the changes will barely be felt.” As outlined in a post today by The Motley Fool’s Sean Williams, most political pundits assume these “changes for future generations” to include an increase in Social Security’s full retirement age and CPI calculation adjustments (specifically a move toward Chained CPI) that would lower future benefit increases.
Although specific Social Security reform measures are yet to be defined, the long-term solvency issue is garnering a steadily building level of attention. The Association of Mature American Citizens (AMAC) is taking a lead role in the development of legislative approaches to the matter, working on a compromise position that encompasses key aspects of two leading Congressional proposals, along with specific modifications AMAC believes would help achieve long-term strength for future generations.
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