“I think expanding Social Security benefits is incredibly important… the current Social Security benefits are not covering the cost of living for seniors.” – Shenna Bellows, Democrat, candidate for U.S. Senate, Maine, as quoted in Fiscal Times article “Liberal Dems’ New Goal: Boost Social Security Benefits,”
The debate over what role, if any, government should play in ensuring retirement security for all Americans, ought to be creating strange bedfellows.Liberal Democrats like Shenna Bellows want to expand Social Security. Many conservative Republicans want to reform public sector pensions by eliminating them in favor of individual 401K accounts. They ought to be working together.
There is only one equitable and affordable way to expand Social Security benefits, and that is by requiring all public sector employees, with no exceptions, to participate in Social Security from now on.
The reason for this is because Social Security, unlike typical public sector defined benefits, are progressive. This means… Read More