Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

pnwmom

(108,973 posts)
Tue Jan 5, 2016, 07:51 PM Jan 2016

New NYT editorial boosts the Social Security plans of ALL the Dem candidates, none of the Rethugs.

Despite the spin that others are putting on this, the editorial doesn't endorse Bernie's plan over Martin's or Hillary's.

Despite these facts, nearly all Republican candidates have called for cuts to Social Security benefits.


The Democratic candidates have played defense and offense. They have opposed benefit cuts and privatization. They have proposed increasing the system’s revenues by raising the ceiling on the amount of wages, currently $118,500, that are subject to payroll taxes. That reform is overdue. If the wage ceiling had kept pace with the income gains of high earners over the decades, it would be about $250,000 today.


More important, they have stressed that an aim of reform is to bolster the system, not shrink it. Hillary Clinton would raise benefits for widows and for retirees who had long absences from the work force to care for relatives. Bernie Sanders and Martin O’Malley would increase benefits more broadly, especially for low-income recipients.

Ultimately, strengthening Social Security requires a growing and healthy economy. The Democratic candidates have credible ideas for creating jobs and raising wages that would revitalize the tax base for Social Security. Those and other sensible fixes, not deep and broad cutbacks, will ensure that the system continues to provide a basic level of guaranteed retirement income for all workers.


http://www.nytimes.com/2016/01/03/opinion/social-security-in-an-election-year.html?action=click&pgtype=Homepage&clickSource=story-heading&module=opinion-c-col-left-region®ion=opinion-c-col-left-region&WT.nav=opinion-c-col-left-region&_r=0
Latest Discussions»Retired Forums»2016 Postmortem»New NYT editorial boosts ...