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: 162
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
Do you feel like the winds of change are blowing today too?
Sat, August 2, 2025 15:22 - 2731 posts
Microsoft and Amazon (and now Google) shedding jobs like a Covid Jabbed Victim sheds Covid
Sat, August 2, 2025 14:50 - 64 posts
MAGA losers
Sat, August 2, 2025 14:47 - 168 posts
Is Elon Musk Nuts?
Sat, August 2, 2025 14:12 - 509 posts
France Burns / islamo Caliphate in Progress
Sat, August 2, 2025 13:51 - 66 posts
Sydney Sweeny has Great Fucking Jeans
Sat, August 2, 2025 13:39 - 4 posts
How Bob Woodward Could Have Saved the ‘Washington Post’ from Russiagate Humiliation
Sat, August 2, 2025 13:18 - 4 posts
In the garden, and RAIN!!! (2)
Sat, August 2, 2025 13:01 - 5720 posts
Zuckerberg throws FBI under the bus
Sat, August 2, 2025 09:36 - 20 posts
New Zealand
Sat, August 2, 2025 09:30 - 13 posts
Russia Invades Ukraine. Again
Sat, August 2, 2025 09:30 - 8684 posts
Soviet Union 2
Sat, August 2, 2025 09:25 - 26 posts

FFF.NET SOCIAL