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elleng

(131,223 posts)
Mon Dec 7, 2015, 06:49 PM Dec 2015

AARP Forum on Social Security To Focus Issue on Presidential Candidates.

WINDSOR HEIGHTS, Iowa- This week AARP is hosting a series of events designed to get voters to engage presidential candidates on possible solutions to the saving Social Security.

According to AARP one in five Iowa adults, around 610,000 receive Social Security benefits.

For a number of years Social Security has been under a financial squeeze, with less and less people paying in and more drawing out.

“If no action is taken to keep Social Security secure and solvent, Iowans and Americans will face a 25% benefit reduction in 2033,” said Kent Sovern, AARP State Director. “We want to avoid that by ensuring whoever our next President is, they have a plan for Social Security.”

Appearing at the Windsor Heights forum, Democratic Presidential candidate, Martin O’Malley, the former Governor of Maryland. O’Malley called for scrapping the cap on incomes above $250,000 dollars, so higher income earners would contribute more, to increase Social Security health out to the year 2060.

“Comprehensive immigration reform would also strengthen Social Security, by having more people paying into the system,” said O’Malley. “One of the bigger threats to Social Security, many of the younger people don’t believe it’s going to be there for them.”

AARP is hoping to get all candidates to come up with a plan of saving Social Security. They do not plan to endorse a particular plan, or candidate, but are tracking what candidates have proposed on the topic on an AARP website.'

http://whotv.com/2015/12/07/aarp-forum-on-social-security-to-focus-issue-on-presidential-candidates/
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AARP Forum on Social Security To Focus Issue on Presidential Candidates. (Original Post) elleng Dec 2015 OP
Scrap the cap... randys1 Dec 2015 #1
YES! elleng Dec 2015 #3
I would drop that to the $118,500 it is at now, or maybe $150K randys1 Dec 2015 #4
K&R!!! Most people IMO have absolutley no idea how strapped for cash they will be RKP5637 Dec 2015 #5
I agree it's problematic, elleng Dec 2015 #6
Yes, they still do that. I think many would also like to contribute more to SS over the years if RKP5637 Dec 2015 #7
This message was self-deleted by its author IHateTheGOP Dec 2015 #2

elleng

(131,223 posts)
3. YES!
Mon Dec 7, 2015, 06:54 PM
Dec 2015

to reiterate: 'former Governor of Maryland. O’Malley called for scrapping the cap on incomes above $250,000 dollars.'

RKP5637

(67,112 posts)
5. K&R!!! Most people IMO have absolutley no idea how strapped for cash they will be
Mon Dec 7, 2015, 06:58 PM
Dec 2015

when they retire. I think many people stick it in the back of their minds.

elleng

(131,223 posts)
6. I agree it's problematic,
Mon Dec 7, 2015, 08:36 PM
Dec 2015

but doesn't SocSec send 'regular' info to everyone about his/her current account? I recall receiving them. (Retired now.)

RKP5637

(67,112 posts)
7. Yes, they still do that. I think many would also like to contribute more to SS over the years if
Mon Dec 7, 2015, 10:09 PM
Dec 2015

they could, almost a forced way of retirement funds. Also, I think there need to be severe penalties for politicians that raid the SS funds for various programs.

Response to elleng (Original post)

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