U.S. Lawmakers Clash over Ways to Extend Social Security Funding
- Social Security's projected insolvency in 2032 will lead to an automatic 22% to 28% reduction in benefits, averaging $500 less per monthly check.
- Ron Wyden, D-Ore., criticized Republicans' commission plan as an attempt to reduce benefits with insufficient public debate.
- Wyden advocates for bipartisan efforts to update Social Security for today's economy and to have billionaires pay fair taxes through payroll and income tax.
- Charles Blahous advised Congress that both increasing revenues and controlling Social Security cost growth are necessary to address its insolvency.
41 Articles
41 Articles
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EDITORIAL: Is there 'Promise' ahead for Social Security?
Members of Congress for years have metaphorically run for the hills when confronted with the nation’s looming entitlement crisis, opting for inertia over reforms that might be politically risky.
U.S. lawmakers clash over ways to extend Social Security funding
(The Center Square) – With the Social Security Trust Fund insolvency date looming, a congressional committee discussed creating a basic procedural framework to address the thorny issue at a Wednesday hearing.
GOP seeks new plan to save Social Security: Report
The GOP is seeking a new plan to save the Social Security Trust Fund before potential insolvency in 2032. NEWSMAX’s Chief Washington Correspondent James Rosen reports. Watch NEWSMAX, an independent news network with a conservative perspective, available in 100M+ U.S. homes. Watch NEWSMAX anytime at http://NewsmaxTV.com. Don’t have cable/satellite that carries NEWSMAX? Watch NEWSMAX online,...
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