So­cial se­cu­rity

Forbes - - Fact & Comment // Steve Forbes -

Sev­eral Repub­li­can pres­i­den­tial hope­fuls are un­veil­ing plans to save So­cial Se­cu­rity from in­sol­vency. Pre­scrip­tions in­clude means test­ing So­cial Se­cu­rity benefts, boost­ing the retirement age and rais­ing the earn­ings cap, now $118,500, on which the tax of 12.4% is ap­plied. Most of th­ese changes would be phased in over a num­ber of years and wouldn’t afect cur­rent bene­f­cia­ries. Th­ese can­di­dates are win­ning plau­dits from some ob­servers for “tack­ling tough is­sues,” even though the Democrats will por­tray the ideas as proof of a GOP “war against the el­derly” and make it sound as if cur­rent benefts would be shred­ded. Af­ter all, when Paul Ryan put out a se­ries of sen­si­ble ideas re­gard­ing en­ti­tle­ment re­form sev­eral years ago, he was car­i­ca­tured in TV ads as glee­fully push­ing Grannie over a clif in her wheelchair.

Coura­geous as th­ese White House as­pi­rants are in tack­ling the third rail of Amer­i­can pol­i­tics, there’s no need for them to put them­selves in the po-

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