Social Security 2100: Serious bill yet flawed
Douglas Holtz-Eakin, writing for The Daily Dish, actually commends Rep. John Larson (D-CT) for putting forward a serious proposal to address Social Security’s impending insolvency issue. The bill is entitled The Social Security 2100 Act. But the author says only “one cheer” is in order, as there is an over-promising of benefits and an over-reliance on tax increases in Larson’s plan. Read the full op-ed 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 Rep. Larson (D-CT) and merging them with the Association’s own well researched ideas. One component is Social Security PLUS, a new yet voluntary early retirement 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 legislative staffs over the past several years. Read AMAC’s plan here.
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