July 14, 2023
Buffoon alert: WaPo staffer announces solutions for national debt crisis
By Jack Hellner
For months, the economic geniuses and budget experts at The Washington Post have worked tirelessly to come up with ways to handle our $32 trillion debt; just look at this excerpt from an article out yesterday and written by assistant editor Drew Goins:
Over the past few months, the Editorial Board has been doing what lawmakers haven’t: pulling together a plan to stabilize the national debt.
Let’s take a look at the proposals, starting with Social Security:
What the board proposes is a broadening of the amount of income the Social Security tax is levied on; a gradual increase of the full retirement age to keep up with rising life expectancy; and a decrease in how much very-high-income households receive in benefits … while increasing what low-income homes get.
They want to levy higher taxes against private employees and employers (maybe even the retirees?) to cover an unpayable debt, but fail to suggest that the federal employees receiving the generous pensions and healthcare benefits pay more to support the system that rewards them the most.
They suggested cutting from the top, but didn’t think to cap federal pensions. NerdWallet notes:
The maximum Social Security benefit in 2023 is $3,627 at full retirement age. It’s $4,555 per month if retiring at age 70 and $2,572 if retiring at age 62.
more
https://www.americanthinker.com/blog/2023/07/buffoon_alert_wapo_staffer_announces_solutions_for_national_debt_crisis.html
