Monday, February 29, 2016

Either Rubio and Cruz will kill Social Security

http://reverbpress.com/finance/2016-candidates-social-security-benefits/

If Either Of These 2 Guys Become POTUS, Kiss Your Social Security Goodbye (VIDEO) February 29, 2016Elisabeth Parker Finance Got Retirement Savings? Your Social Security Benefits May Be At Risk. Got retirement savings? 63 percent of us can’t even save $500 for an emergency, and hope our social security benefits will help. Alas, that may not be an option if either Marco Rubio or Ted Cruz become president in 2016. “Oh, pshaw!” you say. GOP fear mongers have tried to scare us about our Social Security system’s solvency for decades and it’s still going strong. That’s true, but unfortunately, Republicans have proven scarily adept at claiming government programs don’t work and then finding ways to slowly defund them until their dire predictions come true. The Motley Fool — a website for investors, not some fire-breathing liberal rag — warns that while Democratic presidential candidates Hillary Clinton and Bernie Sanders both want to shore up the system and expand Social Security benefits, Republican candidates Ted Cruz and Marco Rubio have other plans. “Whether they are in pinpoint detail or glossed over, the Social Security proposals offered by Republicans Ted Cruz and Marco Rubio, both have one thing in common: the potential to reduce lifetime benefits.” There’s one thing presidential candidates from both parties acknowledge: Something’s got to change by the year 2035, or the system will start bleeding red ink. The difference is how we address the issue:  Democrats want to invest more to ensure we continue providing Social Security benefits for future retirees. Republicans, as always, want to cut spending. Read more at: https://tr.im/VTTV3

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