Seniors Told To Brace For Far Lower Social Security Payment Boost In 2024
in the Dirksen Senate Office Building in Washington on July 12, 2022. (Anna Moneymaker/Getty Images)
Sen. Chuck Grassley (R-Iowa) said during a July 12 Senate Budget Committee hearing that Social Security must be preserved for future generations.
Mr. Grassley urged Congress to follow the example of President Ronald Reagan and House Speaker Tip O’Neill (D-Mass.) in the 1980s.
“When you have candidates for president on the Republican side and you have a Democratic president in office today who say, ‘We’re not going to touch Social Security,’ how are you going to get things done?” Mr. Grassley asked.
“The only way to reach a deal on Social Security is to follow the Reagan–O’Neill model. That means Congress and the president working in a bipartisan fashion and keeping a chain, a range of options on the table,” Mr. Grassley said, referring to the 1983 agreement that stabilized Social Security for decades.
The Reagan-O’Neill model was basically a combination of increasing payroll taxes and gradually raising the retirement age.
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GUNS N GEAR
Tell congress to pay back the funds it stole with fake I.O.U. over the past 4-5 decades.
If the government has billions of dollars to just GIVE AWAY to Ukraine and see no return…
Surely it has funds to repay to the citizens of the US that put into their social security account all their working lives.
An elder got hit with $500 insurance bill increase due to hitting octogenarian milestone, they cancelled and signed up with some other insurer the same day.
Good old capitalism.
It isn’t cheap paying for the good life for the replacements.
Si se puede!
EBT uber alles.
How about stop funding Ukraine and stopping all foreign aid and sending any money offshore for research.