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Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!

Response to Honeycombe8 (Original post)

Thu Jun 13, 2019, 08:37 PM

5. I found Biden's positions on Social Security, if the article is correct, from May 2019.

 

"Joe Biden on Social Security: 6 Things You Should Know" https://www.fool.com/retirement/2019/05/31/joe-biden-on-social-security-6-things-you-should-k.aspx

1. He's more of a centrist, and his views have changed considerably over time

The first thing you should understand about Joe Biden is that even though he's a member of the Democratic Party, unlike most candidates (from either party), he's been willing to consider bipartisan Social Security proposals. In other words, he's more of a centrist than pretty much any other candidate out there on the Democratic or Republican ticket.

2. Biden is starkly opposed to privatization

3. He sides with his party on increasing the taxable earnings cap


4. The former VP favors means testing for benefits


5. Raising the full retirement age has been on the table before (again, he's a centrist)


6. A quarter-century ago he called for freezing Social Security benefits



Hmmmm. I don't know about freezing benefits. Freezing SS benefits would eventually mean that some seniors fall into poverty. The SS fund makes money every year from investment income. So everyone should get the benefit of that every year. Who is getting the investment income on that fund, if not the beneficiaries? Does the fund keep it for future beneficiaries?
If I were to vote in a presidential
primary today, I would vote for:
Undecided

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