Friday, March 04, 2016

Trump generally sounds "OK" in leaving current social security beneficiaries alone, but he does waffle all the time


Whatever other controversy Donald Trump creates, his stand on Social Security sounds reasonable.  Continuing “promised benefits” is not paying an entitlement, it’s “honoring a deal” (to pay back for FICA).

He also has suggested a one-time tax on the wealthiest (including him) to shore up the trust fund deficit, but it’s hard to see how that would work.

A site called “On the Issues” takes this up here.

But Market Watch reports on an interview by Scott Pelly in which at one time Trump had reportedly suggested raising the retirement age to 70.

But in November CBS News had polled the candidates on their positions on Social Security, with varying results.  At the time, Trump had denied he would raise the retirement age.   Steve Vernon wrote the story for CBS and Money Watch, here.

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