General Discussion
In reply to the discussion: Dick Durbin voted to cut Social Security by 22%. Remember what Obama said? [View all]Sirveri
(4,517 posts)Of course this assumes we can trust our party to have a spine. That's typically been a bad assumption.
Or that the GOP would even accept it at all since they seem to like to toss a tantrum whenever things don't go 100% their way, making these two objects (likely given as a compromise to get them to vote for it) mute.
But where does the 22% number come from? 20$ says it's ONLY those two issues, and it ignores the glass floor (which would instantly raise thousands of current beneficiaries up) and the other issues.
What is the 'average' recipient? Is it average in the same way that Romney thought middle class was 250k/yr? Are we to ignore the folks currently drawing Social Security who take in 500$/mo and the effect of the glass floor on them?
C-CPI-U is screwed up, raising the age is screwed up. The way they wanted to change the bend points is (arguably) screwed up (though the idea of actually changing the bend points is not). But raising the cap? Glass floor? Early out with full benefits at 62? Those are pretty progressive policies.
In an ideal world I'd direct the creation of CPI-E and drop the retirement age back down to 65, while also adopting several other proposals in the fiscal commission proposal.