Page 2 - Social Security Proposal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> we are saying, no changes for 55 and older. anden then the changes we are talking about for younger people like myself, don't increase the benefits for wealthy people as fast as everybody else, slowly raise the retirement age over time. and it wouldn't get to 70 until 2103. >> martha: quickly, vice-president. >> the bottom line here is that all the studies show that if we went a social security proposal by mitt romney, in your 40s now, you will get $fwixland less in social security and if you near your 20s, you are getting $4700 less. the idea of change in this case being to cut the benefit...

>> we are saying, no changes for 55 and older. anden then the changes we are talking about for younger people like myself, don't increase the benefits for wealthy people as fast as everybody else, slowly raise the retirement age over time. and it wouldn't get to 70 until 2103. >> martha: quickly, vice-president. >> the bottom line here is that all the studies show that if we went a social security proposal by mitt romney, in your 40s now, you will get $fwixland less in social security and if you near your 20s, you are getting $4700 less. the idea of change in this case being to cut the benefit...

>> you saw how well that worked. >> not what mitt romney is proposing. what we're seeing is no changes for anybody 55 and above. >> what mitt romney is proposing -- >> then the kinds of changes we're talking about for younger people like myself is don't increase the benefits for wealthy people as fast as everybody else. slowly raise the retirement age over time. it wouldn't get to the age of 70 until the year 2103 according to the actuaries. >> quickly, vice president? >> quickly. the bottom line here is is all the studies show that if we went with social security proposal made by mitt romney,...

Not reveal that. i know why they don't get into specifics, because it can be used in campaign ads. both sides are dodging questions. >> the president has said he would be willing to entertain the idea of raising the amount of income subject to social security taxation, but the fact is that if you're going to have any kind of serious reform it has to be the way it was done in 1983, which is with the two parties sitting at the table deciding on something, then holding hands and going over that cliff together. it's butch cassidy and the sundance kid time. >> greta: isn't that leadership? the oppo...

Not reveal that. i know why they don't get into specifics, because it can be used in campaign ads. both sides are dodging questions. >> the president has said he would be willing to entertain the idea of raising the amount of income subject to social security taxation, but the fact is that if you're going to have any kind of serious reform it has to be the way it was done in 1983, which is with the two parties sitting at the table deciding on something, then holding hands and going over that cliff together. it's butch cassidy and the sundance kid time. >> greta: isn't that leadership? the oppo...