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2016 Postmortem
Related: About this forumClinton has yet to commit herself on Social Security
4 big differences among the leading Democratic candidates ahead of Tuesday's debateMax Ehrenfreund
The Washington Post
Another unanswered question is what Clinton thinks should be done about Social Security. Sanders and O'Malley have both called for more generous benefits for retirees. They believe that too few workers have enough money to save for retirement, leaving them in a difficult financial position when they retire.
Younger people who hope to retire comfortably one day confront another kind of risk, too. The program's trust fund will be exhausted in about two decades, if current trends hold, and beneficiaries will no longer be paid in full.
To pay for expanded benefits, O'Malley and Sanders have suggested increasing taxes on workers with incomes above $250,000. Sanders has additionally proposed a tax on capital gains in excess of that figure, so his plan would likely do more to improve Social Security's finances over the long term. The program's trustees have forecast that Sanders's proposal would allow beneficiaries to be paid in full for the next five decades or so.
Clinton, though, has not yet said what she thinks she should be done about Social Security's solvency or about the incomes of current and future retirees. Earlier this year, she said that the next president should "make sure it is there, and we do not mess with it." Democrats, including President Obama and those close to Clinton, have previously considered a less generous formula for cost-of-living adjustments in Social Security, which would partially close the gap. Liberals in the party have steadfastly opposed those changes.
Yet without changes of some kind, Social Security will only be "there" in a diminished form for people in the middle of their careers today. To improve the program's books, Clinton has indicated she'd consider a tax along the lines of those proposed by O'Malley and Sanders. She has also indicated she wants to expand benefits for the poor retirees, although she has yet to commit herself firmly to either change.
Younger people who hope to retire comfortably one day confront another kind of risk, too. The program's trust fund will be exhausted in about two decades, if current trends hold, and beneficiaries will no longer be paid in full.
To pay for expanded benefits, O'Malley and Sanders have suggested increasing taxes on workers with incomes above $250,000. Sanders has additionally proposed a tax on capital gains in excess of that figure, so his plan would likely do more to improve Social Security's finances over the long term. The program's trustees have forecast that Sanders's proposal would allow beneficiaries to be paid in full for the next five decades or so.
Clinton, though, has not yet said what she thinks she should be done about Social Security's solvency or about the incomes of current and future retirees. Earlier this year, she said that the next president should "make sure it is there, and we do not mess with it." Democrats, including President Obama and those close to Clinton, have previously considered a less generous formula for cost-of-living adjustments in Social Security, which would partially close the gap. Liberals in the party have steadfastly opposed those changes.
Yet without changes of some kind, Social Security will only be "there" in a diminished form for people in the middle of their careers today. To improve the program's books, Clinton has indicated she'd consider a tax along the lines of those proposed by O'Malley and Sanders. She has also indicated she wants to expand benefits for the poor retirees, although she has yet to commit herself firmly to either change.
This article ties Clinton to the Chained CPI, though I can't find any evidence of direct support from Mrs. Clinton, only that she has close ties to others who have supported it. That said, finding any specific positions has been very difficult.
Related:
Clinton's Remarkable Non-Answer Regarding Social Security (Sep 24, 2015)
Hillary Clinton on Social Security Expansion: Words are Wind. A Cold Wind.
Sanders offers Social Security as latest example of many, many differences with Clinton
Clinton did not categorically rule out Social Security benefit cuts or raising the retirement age
Say It Ain't So, Hillary Clinton - You're Open to the Idea of Raising the Retirement Age?
A Trojan Horse In Clintons Pledge To Enhance Social Security?
Why It's Misleading to Swear to Protect the Poor's Social-Security Benefits
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Clinton has yet to commit herself on Social Security (Original Post)
portlander23
Oct 2015
OP
Bernblu
(441 posts)1. As soon as her pollsters tell her to commit she will commit.
If she is elected she'll go back to third-way position.