AARP is one of the largest advocates for Social Security and they have spread fear amoung their members. No one to my knowledge has proposed "ending" Social Security for anyone that is receiving it or is going to receive it in the next couple of decades.
Originally Posted by protectionist
What has been acknowledge by virtually everyone is that Social Security is financially unsound and cannot sustain the current benefits. What is basically a government welfare program that averages poverty level benefits has already seen benefits reduced for future recipients. Full retirement ages have been raised and COLA increases have either been stopped or reduced for the future.
What is being proposed by some is the adoption of a plan similar to the Galveston Plan for new entrants into the workforce. The Galveston Plan, which was initiated in the early 1980's when States were allowed to create their own Social Security plans and it typically provides 50% or more in retirement benefits than conventional Social Security.
Basically this would be an option for "new enrollees" in Social Security and would not affect current enrollees. We really should question why anyone would be opposed to the future generations having a "Social Security" plan that pays 150% or more than the current Social Security plan that only averages about $13K/yr for retirees.
Why would anyone oppose this option?
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