There are many seniors out there with a delusional expectation that electing certain politicians will save Social Security and increase their benefits.
Ain’t gonna to happen.
Expanding benefits in the eye of politicians means seeing how many more voters you can entice to your side by creating additional promises down the road. Here is an example:
Democratic presidential nominee Hillary Clinton has proposed expanding Social Security for those “who took significant time out of the paid workforce to take care of their children, aging parents, or ailing family members,” according to her website. Caregivers’ time away from work reduces their future Social Security benefits, which are based on workers’ top 35 earning years. Source: Money
In this case she is seeking more votes from women (also aimed at single mothers) by promising an additional benefit based on not working . These are the same politicians who seek federally required paid leave for individuals who provide the same services.
I doubt you will hear much of what current seniors seek; a tidy increase in their current benefits. Even the left of left Elizabeth Warren only proposes a one time $250 bump to offset no COLA.
Isn’t it a bit ironic that as politicians create “more” promises for Social Security, the push for affordable health insurance is driving up deductibles and out-of-pocket expenses and forcing more Americans to contribute to Health Savings Accounts and Flexible Spending Accounts, both of which reduce future Social Security benefits, especially for middle and lower-income taxpayers.
Here is what the Republican platform says:
We look to the growth of Health Savings Accounts and Health Reimbursement Accounts that empower patients and advance choice in healthcare.
Wouldn’t it be wonderful if somebody sat down and looked at Social Security in the context of all retirement issues and taxation and employer and personal responsibility and came up with a sustainable plan to make Social Security what Americans want it to be and what all Americans are willing to pay for in 2017 and forever more.
All we continue to do is pander to segments of the population, promise what we can’t afford to deliver and create the illusion only somebody else will pay.