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House GOP Plans To Cut Social Security Drastically
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Texas Republican Congressman Sam Johnson from Texas' 3rd district introduced a bill to drastically cut social security. The Washington examiner said this The bill…would reduce costs by changing the benefits formula to reduce payments progressively for high earners. It would also gradually raise the full retirement age from 67 to 69 for people who are today 49 or younger. Lastly, it would change the inflation metric used to calculate benefits to one that shows lower inflation, essentially slowing the growth in benefits, and eliminate cost of living adjustments for high earners. The way to fund social security and get rid of the funding issue is to get rid of the cap. • Source The House GOP Just Revealed Its Plan to Cut Social Security • http://m.motherjones.com/contributor/...
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