REAL WORLD EVENT DISCUSSIONS

Democrats trying to push bill that 'would cost average couple $25,000'

POSTED BY: 6IXSTRINGJACK
UPDATED: Wednesday, December 18, 2024 14:25
SHORT URL:
VIEWED: 279
PAGE 1 of 1

Wednesday, December 18, 2024 2:25 PM

6IXSTRINGJACK


https://www.msn.com/en-us/news/politics/sore-losers-senate-democrats-m
ove-to-change-presidential-election-rules-via-constitutional-amendment/ar-AA1w1WmP?cvid=c352f91c66ac40b28002cf9ed3d0fa68&ei=7


(2nd story on this page)

Quote:

Senate Democrats are rushing to push through a Social Security reform bill ahead of Donald Trump taking office that one group estimated would cost the average couple $25,000 in benefits.

The Social Security Fairness Act would repeal two provisions that currently reduce payouts to public sector employees like cops, firefighters, teachers and US Postal workers.

The Committee for a Responsible Budget (CRFB), a bipartisan think tank, argued this change would make Social Security insolvent six months earlier than current projections.

It would do this by giving full benefits to nearly 3 million retirees who paid into state or local pension plans in lieu of paying into Social Security, according to the group.

'As a result, we estimate a typical dual-income couple retiring in 2033 would see their benefits cut by an additional $25,000 over their lifetime, with over $8,000 of that additional cut coming in the roughly half a year of advanced insolvency,' the group wrote.

If Social Security runs out of money under the bill's reforms, the think tank said the average couple could lose out on as much as $400,000 in lifetime benefits.

It cited the Congressional Budget Office, which estimated the bill would cost the federal government more than $190 billion over the next decade.

The bill already passed 327-75 in the House of Representatives last month.



I don't know about $400,000, but they'd better not fuck me on my $800/mo. that I'll probably only be getting 5 years before I die.


NOTIFY: Y   |  REPLY  |  REPLY WITH QUOTE  |  TOP  |  HOME  

YOUR OPTIONS

NEW POSTS TODAY

USERPOST DATE

OTHER TOPICS

DISCUSSIONS
Russia Invades Ukraine. Again
Sat, May 9, 2026 07:11 - 10106 posts
The Thread of Court Cases Trump Is Winning
Sat, May 9, 2026 07:04 - 99 posts
Do you feel like the winds of change are blowing today too?
Sat, May 9, 2026 07:04 - 4559 posts
This doesn't look like support for Trump is failing at all...
Sat, May 9, 2026 06:58 - 11 posts
Unemployment Rate Facts
Sat, May 9, 2026 06:52 - 920 posts
In the garden, and RAIN!!! (2)
Sat, May 9, 2026 03:36 - 7123 posts
What?
Sat, May 9, 2026 01:27 - 1 posts
Biden DOJ Was In Cahoots With SPLC As It Funded Extremist Groups, Former Official Admits
Fri, May 8, 2026 21:50 - 2 posts
John Fetterman: I haven’t changed. Here’s what has.
Fri, May 8, 2026 21:39 - 1 posts
We haven't forgotten about you...
Fri, May 8, 2026 14:36 - 3 posts
Other Elections on Planet Earth.
Fri, May 8, 2026 14:29 - 99 posts
Trunp loses again in Court
Fri, May 8, 2026 14:11 - 955 posts

FFF.NET SOCIAL