U.S. Lawmakers Clash over Ways to Extend Social Security Funding
- Social Security is projected to become insolvent in 2032, potentially causing a 22% to 28% cut in benefits, equal to about $500 less per monthly check.
- Senator Ron Wyden criticized the Republican commission plan, saying it aims to introduce benefit cuts with little public discussion.
- Wyden expressed willingness to work across party lines to update Social Security and suggests asking billionaires to pay more through taxes.
- Senator Ron Johnson warned that raising Social Security funds might hurt economic growth and turn the program into a welfare system.
41 Articles
41 Articles
Senate debates how to sustain Social Security benefits : Trump's Terms
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EDITORIAL: Is there 'Promise' ahead for Social Security?
Members of Congress for years have metaphorically run for the hills when confronted with the nation’s looming entitlement crisis, opting for inertia over reforms that might be politically risky.
U.S. lawmakers clash over ways to extend Social Security funding
(The Center Square) – With the Social Security Trust Fund insolvency date looming, a congressional committee discussed creating a basic procedural framework to address the thorny issue at a Wednesday hearing.
GOP seeks new plan to save Social Security: Report
The GOP is seeking a new plan to save the Social Security Trust Fund before potential insolvency in 2032. NEWSMAX’s Chief Washington Correspondent James Rosen reports. Watch NEWSMAX, an independent news network with a conservative perspective, available in 100M+ U.S. homes. Watch NEWSMAX anytime at http://NewsmaxTV.com. Don’t have cable/satellite that carries NEWSMAX? Watch NEWSMAX online,...
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