Social Security Problem News Today

paul: welcome to the "journal editorial report," im paul gigot. the remaining presidential candidates are making hair closing arguments in new hampshire ahead of that states first in the nation primary on tuesday with recent polls showing nikki haley in second place behind donald trump and ron desantis coming in a distant third. the former president is stepping up his attacks on haley as he looks to build on his win in iowa with a knockout blow in the granite state. here are trump and ...

good to be with you, im katy tur. as you can see, president biden is in tampa, florida. using this week to sell what he was laying out during the state of the union, the economy and jobs and protecting medicare and social security. lets listen in. >> nice and warm like down here. talk about how were building an economy from the bottom up and the middle out. im so tired of trickle down economics. trickle down on my dads table when we were growing up. i came to florida to talk about a cr...

determine whether its coronavirus vaccine is safe for infants and young children. this is so important. its important for school. its important for getting and keeping the country back to normal. the first participants have already been vaccinated. the plan is to ultimately enroll nearly 7,000 children in the u.s. and canada between the ages of 6 months and 11 years old. >> also the white house drawing up plans to increase the supply of vaccines to emerging hot spots. the vaccination r...

We know the history of trying to do that, its really tough. you really need to have kind of a bipartisan willing to hold hands to do steps that are likely to be hard, either side, raising taxes or cutting benefits for some recipients. both of those things are hard to do, and one party is not going to do it alone, and it doesnt sound like its going to happen anytime in the next few years. theres one other way you could help address the social security problem, and thats by expanding the number of...

Can make this case. he made the case against government employee unions better than anyone. he made the case for reform. i think the second part of it though is that it didnt go that far in new jersey and theres a question here. this is a start at what hes talking about but to be clear, what hes saying now, hes talking about raising the retirement age a few years, hes talking about means testing social security benefits. >> which means that well-to-do retirees get fewer benefits. >> right. >> in...

You cant have it both ways. you cant say social security is in good shape and say by the way this bill will solve social security problem an and claim it as deficit money as well. martha: you make a lot of interesting points i. want to go back over the one you made before. there are a lot of illegal workers in this country who pay into the social security system and reap no benefits from it at all. does this cbo, does it account for that, that many of those people would be converting to being he...

Cpi we use because their basket of goods is biased toward health care and other services which experience greater inflation. we have a basic problem that as people live into their 80s, the social security check becomes -- and any pension assets they have become very inadequate. i agree with ron though that any solution to the social security problem means raising the age to 70, but what youve got is people out there who refuse to acknowledge the basic demographics of the situation, that these ch...

Government to take what people get out of it. a way to end it. so we are not, and the left is not talking anymore about what the real issues are are, and we talked about in the break about social security, and they are going to gut social skuecurity. im okay. im old [ laughter ] but yall are going to be in trouble when it comes to social security and your generations will be in trouble when it comes to social security, because they are going to take it back and gut it so people wont get their do...

Its 3/10 of a percent a year, cumulative. after you get benefits for ten years youre lose 3%. 20 years, 6%, after 30 years, 9%. the hit is considerably larger than the tax hit to the typical person over $250,000 who would be subject to clinton dasher are tax rates and were told this is not a big deal. most seniors are not living particularly well. we have the data on that. roughly 40% rely on their social security check with averages over $1200 a month for 90% or more of their income. 70% rely o...

Dollars. that is a budget problem and a half. isnt it? >>guest: couple things. one, this, we are not disagreeing that tax cuts increase the deficit. we both agree on that. you are saying that tax cuts increase the deficit. im saying tax cuts increase the deficit. where we diverge is that you are saying it is a social security problem because we have done a tax cut through the social security system and i am say this is a general fund problem, a broader government deficit and it has nothing to do...