Thursday , April 18 2019
Home / Money / Social Security Benefits: Why Marco Rubio’s Drastic Plan Is Wrong
Marco-Rubio-discusses-Social-Security

Social Security Benefits: Why Marco Rubio’s Drastic Plan Is Wrong

Tea Party favorite Marco Rubio’s Social Security drastic slashing has its critics howling (for good reason).

Sen. Marco Rubio (R-FL) has drawn the ire of senior groups for reforms he says would protect the lifespan of Social Security and Medicare while opponents counter it will instead cut benefits instead and harm the elderly. When it comes to Social Security, the always-controversial Rubio says the retirement age should be raised to help the entitlement remain solvent. His proposal would not affect those 55 and older. He also proposed reducing the growth in the monthly benefit that the wealthiest recipients of Social Security receive.

In Medicare, Rubio threw his support behind a proposal of premium support that gives those 65 and older the option of staying on Medicare as it is now or opting to buy private insurance. In the second scenario, seniors would receive a fixed sum to buy insurance. Rep. Paul Ryan (R-WI) has that proposal in his much-maligned House GOP budget.

Democratic lawmakers, liberals and all senior organizations attacked the proposals as soon as Rubio made them at the National Press Club.

Our view is that it’s cuts to Social Security and privatization and cost shifting to beneficiaries when it comes to Medicare,” says Richard Fiesta, executive director of the Alliance for Retired Americans. “The raise in the retirement age is in effect a benefit cut to make people work longer for the benefits that you earned under Social Security. Under Medicare, he would turn it into the same plan that Paul Ryan has been advocating for the last five years—a voucher where Medicare gets privatized and insurance companies run the program with a fixed voucher for each person from the Medicare Trust Fund. As inflation goes up, beneficiaries keep having to pay more out of pocket.”

Rubio says he understands the importance of Social Security and Medicare and how much it helped his parents with their retirement and security. He says he’s concerned because the economy has threatened those programs that people rely on in their retirement. If the government doesn’t fix the programs, he says there will be a “real and looming crisis.”

The Medicare hospital fund is solvent through 2026 and the Social Security trust fund is set for 20 more years when benefits would have to be trimmed to about 75 percent based on payroll tax income.

Cutting benefits is one way you can propose to help the trust funds, but we have a number of proposals on the table that can help extend the lives of the trust funds without beneficiary cuts, Fiesta says.

There is proposed legislation on Social Security that over time would scrap the earnings cap that’s currently $117,000 on what higher income people pay into the system, Fiesta says. Scrapping the cap over ten years would increase average benefits by about $800 a year, he says.

There’s a way to extend the trust fund to 2050 and beyond,” Fiesta says. “We think there are ways to strengthen and expand Social Security without proposals such as Marco Rubio’s and Paul Ryan’s in which you’re cutting benefits.”

Fiesta says it’s unlikely the proposals will go anywhere because there’s a “strong force” in the Senate against any cuts in Medicare and Social Security. Only talk of a grand bargain between Republicans and Democrats when it comes to the budget would lead to changes in entitlements at this point, he says.

The speculation of Rubio’s proposal has centered on politics, something Rubio denies.

Coming from a senator from Florida that has more people over 65 than any other state, it could be he’s posturing himself to run for president in 2016,” Fiesta says. “And in a Republican primary, their most loyal voters are very right wing extreme voters on issues like this. I don’t think it’s a coincidence two weeks before this speech on Social Security and Medicare he was saying he didn’t believe in climate change. From a state that doesn’t have a lot of high mountains in it, that’s head scratching, too.

Silly season is apparently in full swing already.

Check Also

Reverse Mortgage pros

5 Upsides To An HECM Reverse Mortgage

As you near your golden years, the last thing that you want to have to ...

79 comments

  1. Wow, superb blog format! How long have you ever been running a blog for? you made running a blog look easy. The total look of your web site is fantastic, let alone the content!

  2. I’ve been surfing online more than three hours lately, but I by no means found any interesting article like yours. It is lovely worth sufficient for me. Personally, if all web owners and bloggers made just right content material as you did, the internet will likely be much more useful than ever before. “Perfection of moral virtue does not wholly take away the passions, but regulates them.” by Saint Thomas Aquinas.

  3. I have been browsing on-line greater than three hours these days, but I by no means discovered any interesting article like yours. It is beautiful value sufficient for me. In my view, if all website owners and bloggers made just right content as you did, the web will be much more useful than ever before. “It’s all right to have butterflies in your stomach. Just get them to fly in formation.” by Dr. Rob Gilbert.

  4. There is noticeably a bundle to know about this. I assume you made certain nice points in features also.

  5. I am glad to be one of many visitors on this great website (:, thanks for putting up.

  6. I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you’re going to a famous blogger if you aren’t already 😉 Cheers!

  7. I’ve been absent for a while, but now I remember why I used to love this web site. Thank you, I will try and check back more often. How frequently you update your web site?

  8. Viagra Cialis Levitra Kombinieren Levitra Bayer Generico propecia era bueno Viagra En Arabie Saoudite Efficacite Viagra Cialis Buy Nexium From India

  9. Thankyou for helping out, superb information.

  10. of course like your web-site but you have to check the spelling on several of your posts. Several of them are rife with spelling issues and I find it very troublesome to tell the truth nevertheless I’ll certainly come back again.

  11. We are a bunch of volunteers and starting a brand new scheme in our community. Your web site offered us with useful information to paintings on. You’ve performed a formidable job and our whole neighborhood can be thankful to you.

  12. Some really fantastic info , Gladiolus I discovered this. “Genius is one of the many forms of insanity.” by Cesare Lombroso.

  13. I like the helpful information you provide in your articles. I will bookmark your weblog and check again here regularly. I am quite certain I will learn lots of new stuff right here! Best of luck for the next!

  14. Excellent blog here! Also your site loads up very fast! What host are you the use of? Can I get your affiliate link on your host? I wish my site loaded up as fast as yours lol

  15. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove people from that service? Thanks!

  16. You are a very capable individual!

  17. Some genuinely howling work on behalf of the owner of this web site, dead great subject material.

  18. Hello, you used to write magnificent, but the last several posts have been kinda boringK I miss your great writings. Past several posts are just a little out of track! come on!

  19. I am glad for commenting to let you be aware of what a notable experience my friend’s girl encountered using your site. She came to understand a good number of details, which include what it is like to have an ideal teaching spirit to have the rest with no trouble completely grasp a variety of specialized things. You really did more than my expected results. Thank you for imparting such great, dependable, informative and even cool guidance on the topic to Sandra.

  20. Really instructive and fantastic complex body part of subject matter, now that’s user pleasant (:.

  21. I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a great blog like this one these days..

  22. Good write-up, I’m normal visitor of one’s blog, maintain up the excellent operate, and It’s going to be a regular visitor for a long time.

  23. you have a great blog here! would you like to make some invite posts on my blog?

  24. I’ve been exploring for a little for any high-quality articles or blog posts in this sort of area . Exploring in Yahoo I eventually stumbled upon this site. Studying this information So i am happy to show that I’ve a very good uncanny feeling I came upon just what I needed. I so much unquestionably will make sure to don’t disregard this web site and give it a look regularly.

  25. Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.

  26. It?¦s really a nice and useful piece of information. I am satisfied that you just shared this useful information with us. Please stay us informed like this. Thank you for sharing.

  27. I’ve been exploring for a bit for any high quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this information So i’m happy to convey that I have a very good uncanny feeling I discovered just what I needed. I most certainly will make sure to don’t forget this website and give it a look on a constant basis.

  28. I do love the manner in which you have presented this particular issue plus it does offer me some fodder for thought. On the other hand, because of what precisely I have experienced, I really trust as the actual feed-back stack on that men and women keep on point and don’t get started on a soap box associated with the news du jour. Yet, thank you for this outstanding piece and though I can not go along with the idea in totality, I regard the viewpoint.

  29. obviously like your web site but you have to test the spelling on several of your posts. A number of them are rife with spelling issues and I in finding it very bothersome to tell the truth on the other hand I will certainly come back again.

  30. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I’d prefer to use some with the content on my blog whether you don’t mind. Natually I’ll give you a link on your web blog. Thanks for sharing.

  31. Great post, I think website owners should learn a lot from this weblog its very user genial.

  32. You got a very fantastic website, Gladiola I observed it through yahoo.

  33. I?¦m not sure the place you are getting your information, however good topic. I must spend a while studying more or figuring out more. Thank you for fantastic information I was looking for this information for my mission.

  34. I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get set up? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web savvy so I’m not 100 certain. Any recommendations or advice would be greatly appreciated. Many thanks

  35. Wonderful website. Lots of helpful information here. I am sending it to a few buddies ans additionally sharing in delicious. And obviously, thanks for your effort!

  36. You could certainly see your expertise in the work you write. The world hopes for even more passionate writers like you who aren’t afraid to say how they believe. Always go after your heart.

  37. I’m commenting to let you know of the brilliant experience my wife’s princess developed checking your webblog. She figured out some issues, which include what it is like to possess a great helping mindset to let other individuals quite simply fully grasp a number of impossible subject matter. You undoubtedly surpassed people’s desires. Thanks for providing such necessary, healthy, revealing and also easy tips about this topic to Jane.

  38. I have recently started a site, the info you offer on this website has helped me greatly. Thank you for all of your time & work.

  39. Hey very nice web site!! Man .. Excellent .. Amazing .. I will bookmark your web site and take the feeds also…I’m happy to find a lot of useful information here in the post, we need work out more techniques in this regard, thanks for sharing. . . . . .

  40. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  41. Great post. I was checking constantly this blog and I am impressed! Very helpful info particularly the last part 🙂 I care for such information a lot. I was seeking this particular information for a long time. Thank you and best of luck.

  42. I see something truly interesting about your weblog so I saved to fav.

  43. F*ckin’ tremendous issues here. I am very glad to look your article. Thank you a lot and i’m having a look forward to touch you. Will you kindly drop me a e-mail?

  44. Valuable info. Lucky me I found your website by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.

  45. Hello.This post was really motivating, especially because I was browsing for thoughts on this subject last Thursday.

  46. I’d forever want to be update on new articles on this web site, saved to favorites! .

  47. I like the valuable info you supply to your articles. I’ll bookmark your blog and check again right here regularly. I’m reasonably certain I’ll be informed many new stuff proper here! Best of luck for the next!

  48. Oh my goodness! an incredible article dude. Thank you Nonetheless I am experiencing issue with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting similar rss problem? Anyone who knows kindly respond. Thnkx

  49. Does your site have a contact page? I’m having a tough time locating it but, I’d like to send you an email. I’ve got some recommendations for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it expand over time.

  50. It’s a shame you don’t have a donate button! I’d certainly donate to this outstanding blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to brand new updates and will share this website with my Facebook group. Talk soon!

  51. Hey! Quick question that’s completely off topic. Do you know how to make your site mobile friendly? My website looks weird when browsing from my apple iphone. I’m trying to find a template or plugin that might be able to correct this problem. If you have any suggestions, please share. Thanks!

  52. I have been exploring for a bit for any high-quality articles or blog posts in this kind of space . Exploring in Yahoo I finally stumbled upon this site. Reading this information So i¦m satisfied to express that I have an incredibly excellent uncanny feeling I discovered just what I needed. I most surely will make certain to do not disregard this site and provides it a look regularly.

  53. It is perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you some interesting things or tips. Maybe you can write next articles referring to this article. I wish to read even more things about it!

  54. I admire your work, thankyou for all the informative posts.

  55. This really answered my problem, thank you!

  56. I love it when people come together and share opinions, great blog, keep it up.

  57. My brother recommended I would possibly like this web site. He was entirely right. This put up truly made my day. You cann’t believe just how much time I had spent for this information! Thanks!

  58. I’m truly enjoying the design and layout of your site. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Exceptional work!

  59. I’ve recently started a site, the information you offer on this website has helped me greatly. Thank you for all of your time & work.

  60. I’ve been exploring for a little for any high-quality articles or blog posts on this kind of area . Exploring in Yahoo I at last stumbled upon this web site. Reading this information So i am happy to convey that I’ve an incredibly good uncanny feeling I discovered exactly what I needed. I most certainly will make certain to do not forget this web site and give it a glance regularly.

  61. An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  62. Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you helped me.

  63. Good write-up, I am normal visitor of one’s site, maintain up the nice operate, and It’s going to be a regular visitor for a long time.

  64. Yay google is my queen aided me to find this outstanding web site! .

  65. Sweet blog! I found it while searching on Yahoo News. Do you have any suggestions on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thanks

  66. Thanks – Enjoyed this blog post, how can I make is so that I receive an email whenever you make a new update?

  67. Good write-up, I’m regular visitor of one’s blog, maintain up the excellent operate, and It is going to be a regular visitor for a lengthy time.

  68. Great weblog here! Additionally your site a lot up very fast! What web host are you the use of? Can I am getting your affiliate hyperlink on your host? I want my site loaded up as fast as yours lol

  69. Hello, you used to write wonderful, but the last few posts have been kinda boring?K I miss your tremendous writings. Past several posts are just a bit out of track! come on!

  70. Fantastic beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog site? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea

  71. I love it when people come together and share opinions, great blog, keep it up.

  72. I got good info from your blog

  73. Hi there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any solutions to prevent hackers?

  74. Generally I don’t learn article on blogs, however I would like to say that this write-up very pressured me to take a look at and do so! Your writing style has been amazed me. Thank you, very great post.

  75. This man needs to butt out and leave well enough alone. The Program that is now established is very good. It has been working well for a long time. Don’t tamper with something that is perfect!

  76. I don’t understand how anyone with a conscience can suggest undermining SS and Medicare. We paid into those funds.

    Why is there a cp on how much earnings are deducted ? Let everyone pay something on their entire earnings. Maybe a lesser percentage but all their earnings not just up to $117,000.

    • Dutch,

      it would cost you … the next generation… an extra 80 cents per week to pay for their own Social Security just like their parents did. the extra is needed because the next generation is going to live longer than their parents… so they will need more money.

      raising the cap would tax the rich for your retirement. this is something that Roosevelt thought would make it easy for “the rich” to kill social security as “welfare”.

      it’s not worth the risk of that to save eighty cents.

      Rubio is lying.. or he is stupid. he wants to “cut Social Security to save it.” That is, he wants you to have to work longer instead of letting you pay the extra eighty cents per week.

      His friends hate Social Security because they can’t stand the idea of “workers” not working… even if they paid for their retirement themselves. They also expect to make money out of your having to keep working until you are ready for the rest home: not so much out of Wall Street fees, but simply because “the rich” make about one dollar for every dollar you make. That’s why you are not allowed to say “I have enough. I want to do something else with the rest of my life than work for the boss.”

Leave a Reply

Your email address will not be published. Required fields are marked *