Since you ask . . .
I got about six comments on my previous post saying " Okay, Krugman says there are solutions for Medicare and Social Security but the Democrats don ' t have any and aren ' t proposing anything. " Err, no.Sayeth the New York Times: As a candidate for president, Mr. Biden
proposed adding a new tier of payroll tax contributions for people with
incomes over $400,000. That would extend solvency by roughly five years.
The Social Security 2100 Act, sponsored by Representative John Larson,
Democrat of Connecticut, enjoys widespread support in the Democratic
caucus. It mirrors President Biden ’s payroll tax proposal.Social
Security 2100 includes a 2 percent across-the-board boost in benefits,
and it would shift the annual cost-of-living increase to a more generous
formula. It also includes targeted benefit increases such as a new
minimum benefit level for very low income seniors, and improved benefits
for widows and widowers. It also would provide caregiver credits that
increase benefits for people who take time out of the work force to care
for dependent family members.Just this week, Senators Bernie Sanders of Vermont and Elizabeth Warren
of Massachusetts introduced the latest version of their own Social
Security proposal. It would extend solvency by 75 years, give nearly all
beneficiaries an increase of $200 per month through a revision in the
benefit formula and adopt a more generous annual cost-of-living
increase. It would be funded by applying current FIC...
Source: Stayin' Alive - Category: American Health Source Type: blogs