Elizabeth Warren And Bernie Moreno’s Plan Won’t ‘Save’ Social Security
Key takeaways
- --:-- / --:--This voice experience is generated by AI.
- For years we’ve been deluged with stories about the Social Security system’s going broke in the early 2030s.
- Senators Elizabeth Warren (D–MA), and Bernie Moreno (R–OH) propose removing the earnings cap—$184,500—on wages taxed for Social Security.
Policy Elizabeth Warren And Bernie Moreno’s Plan Won’t ‘Save’ Social Security Steve Forbes warns that a bipartisan bill from Senators Elizabeth Warren and Bernie Moreno to “save” Social Security will ultimately clobber both the system and the economy. By Steve Forbes,
--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.A lot of bad ideas to save Social Security are being floated. Two U.S. senators, in the New York Times, just proposed a dreadful one that would clobber both the system and the economy.
For years we’ve been deluged with stories about the Social Security system’s going broke in the early 2030s. The trust funds are paying out more in benefits than they’re taking in from payroll taxes. The purported villain is that we’re living longer and the number of working people is inadequate to pay for the promised benefits.