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elleng

(131,113 posts)
Wed Nov 4, 2015, 07:10 PM Nov 2015

Martin O'Malley Elbows Hillary Clinton On Social Security.

'His campaign suggests Clinton is open to cutting benefits.

Hillary Clinton hasn't taken the most liberal posture on Social Security, and Martin O'Malley's campaign would like to make sure you know it.

"Democrats should have the confidence that our nominee will not cut Social Security, but right now that's just not the case," O'Malley campaign spokeswoman Haley Morris said in an email.

The comment comes as a Super PAC associated with Clinton's campaign put out an ad attacking Republican candidates as "wrong for seniors."

O'Malley, former governor of Maryland, and Sen. Bernie Sanders (I-Vt.), Clinton's chief rivals for the Democratic presidential nomination, have staked out clear positions on the popular retirement program, outlining specific tax and benefit changes. But Clinton's position has been slightly fuzzier.

At a debate last month, Clinton hesitated on the question of expanding benefits. She said that she wanted to "enhance" benefits for Social Security's poorest recipients. "We have a lot of women on Social Security, particularly widowed and single women who didn't make a lot of money during their careers, and they are impoverished, and they need more help from the Social Security system," Clinton said.

Clinton did not say whether her intention to enhance benefits for select groups also means she would oppose cuts in benefits to other Social Security beneficiaries.

"Sec. Clinton’s plan is still very general: while it does expand benefits for lower income individuals and especially women, what we really need from everyone is a clear line in the sand against cutting any Social Security benefits,” said Alex Lawson, executive director of Social Security Works, an umbrella campaign for many national groups advocating the expansion of Social Security benefits, in a statement.

"Governor O'Malley is the only candidate who set a goal to invest in retirement security for seniors," Morris said. "His plan will actually expand -- not enhance -- Social Security and has been praised by advocates and progressives as the boldest in the field."

Among other things, O'Malley's campaign has proposed increasing benefit amounts and improving the program's financing by adding the Social Security payroll tax to annual incomes above $250,000. Currently, just the first $118,000 in earnings are subject to a 12.4 percent payroll tax that is split evenly between workers and employers. Clinton's website suggests she would be open to higher taxes on higher earners.

Clinton's campaign has not responded to requests for additional Social Security policy details or reaction to O'Malley's comment.'


http://www.huffingtonpost.com/entry/martin-omalley-hillary-clinton-social-security_563a5fe5e4b0411d306f5052

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Martin O'Malley Elbows Hillary Clinton On Social Security. (Original Post) elleng Nov 2015 OP
typical clintonian doublespeak restorefreedom Nov 2015 #1
kick 840high Nov 2015 #2
Proud to Take A Stand bigtree Nov 2015 #3
Yes, PROPERLY proud! elleng Nov 2015 #4
Yep portlander23 Nov 2015 #5
Clinton open to cuts. .. riderinthestorm Nov 2015 #6
Yes he is, and WE are right to take note of and remember it. elleng Nov 2015 #7

restorefreedom

(12,655 posts)
1. typical clintonian doublespeak
Wed Nov 4, 2015, 07:16 PM
Nov 2015

glad he is calling her on it. two dem candidates are committed to ss, one is waffling. this should stay front and center until people realize the reality of it.

bigtree

(86,005 posts)
3. Proud to Take A Stand
Wed Nov 4, 2015, 09:50 PM
Nov 2015
Martin O'Malley ?@MartinOMalley Nov 3

Proud to #TakeAStand for expanding—not cutting or just enhancing—Social Security. @AARP http://bit.ly/1H2VcCF

“As president, Governor O’Malley will:

Increase Social Security benefits for all retirees—both today’s and tomorrow’s. Governor O’Malley supports immediately boosting monthly benefits in a progressive manner for all Social Security was intended as a supplement to individual savings and pensions, but today, one in five married couples, and nearly half of unmarried individuals, rely almost exclusively on Social Security checks to survive. More than two-thirds of Americans near retirement will not have enough savings to maintain their current standard of living.

Strengthen Social Security’s long-term fiscal outlook. The solvency of Social Security is not in crisis: Social Security has adequate funds to pay full benefits through 2034. But to pay for expanded benefits, Governor O’Malley supports lifting the cap on the payroll tax for workers earning more than $250,000.In addition, Congress should implement policies to lift the wages of all workers, which will make meaningful contributions to Social Security’s long-term balance sheet. This includes raising the minimum wage to $15 an hour and enacting comprehensive immigration reform.

Ensure Social Security benefits are sufficient to keep retirees out of poverty. The immediate future is dire for many Americans nearing retirement: one in five Americans has no retirement savings at all. To keep seniors out of poverty, Governor O’Malley supports increasing the special minimum social security benefit to 125 percent of the poverty line for Americans who have worked at least 30 years.

Increase Social Security benefits for minimum wage- and lower-income workers. As wealth inequality continues to widen and traditional middle class jobs prove harder to come by, Governor O’Malley supports adjusting “bend points” in the formula to give minimum-wage and lower- and middle-income workers more financial security.

Prevent benefits from eroding over time. Governor O’Malley supports using the Consumer Price Index for the Elderly (CPI-E) instead of the Consumer Price Index for Urban Wage Earners (CPI-W) to determine Social Security’s cost-of-living adjustments. The CPI-E provides a more accurate reflection of the higher cost of living for retirees than the current measure, which focuses on younger workers. Using the CPI-E will ensure that benefits do not erode for future generations of retirees.

Reform Social Security to support, rather than penalize, caregiving. Governor O’Malley supports providing up to five years of “caregiver credits” that would increase the 35-year wage base for those who spend an extended period of time providing full-time care for children, elderly parents, or other dependents. In practice, current methods of calculating benefits penalize workers, most often women, who take extended time off to care for their families.

Reject efforts to raise the Social Security retirement age. Governor O’Malley believes that raising the retirement age is a back-door way to cut benefits for lower-income workers. It harms these workers in two ways: by forcing them to delay retirement in jobs that are often physically difficult, and by reducing lifetime payouts compared to wealthier retirees, who live five years longer on average than their lower-income counterparts.” – MartinOMalley.com




Martin O'Malley


“By scrapping the cap on incomes over $165,000 we can actually expand benefits for Social Security”

“I put forward a plan that by scrapping the cap on incomes over $165,000 we can actually expand benefits for Social Security. And I thought you were spot on; on the fact that seniors pay more in health care than others and we need adjustments on that formula that recognize it. And given the way that we’ve kicked the skids out from a number of private pension plans, and have hurt the ability of people to organize and join unions to collectively bargain, more and more of our seniors are more and more dependent on Social Security at a time when in the population curve we have that big bubble."
https://politics.concordmonitor.com/2015/10/gov-federal/omalley-touts-plans-for-gun-control-social-security-expansion-debt-free-college/

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