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Yo_Mama_Been_Loggin

(107,085 posts)
Sun Feb 16, 2020, 09:05 PM Feb 2020

How Mike Bloomberg's new retirement plans stack up vs. other Democrats

Mike Bloomberg unveiled on Sunday his presidential campaign’s plans for retirement and Social Security, tackling the subject for the first time as a contender for the Democratic nomination.

In laying out his retirement security plan, the former Republican and New York City mayor’s plan echoed most of his fellow Democrats by promising an increase in Social Security payouts. Yet he also drew distinctions between their proposals and President Donald Trump’s, by introducing a new minimum benefit to ensure that all recipients are at least above the poverty line.

With Social Security projected to run out of funds in the coming years, Bloomberg’s proposal also made mention of “consider [ing] options for preserving and strengthening Social Security’s long-term finances, while maintaining and enhancing benefits for the neediest recipients.”

It also lays out a plan to “supplement” lower-income retirement options by creating a public savings option with automatic contributions for all income earners — similar to what South Bend Mayor Pete Buttigieg and Minnesota Senator Amy Klobuchar have also proposed.

https://finance.yahoo.com/news/heres-what-in-mike-bloombergs-new-plan-for-social-security-and-retirement-214722008.html

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
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How Mike Bloomberg's new retirement plans stack up vs. other Democrats (Original Post) Yo_Mama_Been_Loggin Feb 2020 OP
Mike is checking the right boxes calguy Feb 2020 #1
 

calguy

(5,222 posts)
1. Mike is checking the right boxes
Sun Feb 16, 2020, 09:11 PM
Feb 2020

Without trying to tear down the Democratic party.
Class Act.

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden
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