Fred Thompson Proposes Social Security Cuts

Posted by Mike Gehrke on October 15, 2007 at 02:45 PM

Fred Thompson's Social Security program is all or nothing.

The Thompson campaign provided an example under which a $40,000-per-year worker born in 1975 would receive $1,562 per month under the current system, compared with $1,424 a month under Thompson's proposal. An $80,000-per-year worker's benefit would go from $2,469 to $2,085.

"For future retirees, instead of having nothing, which is what they're headed for under the current situation that's unsustainable, they would have protection," Thompson said in the Oct. 9 debate in Michigan.

Thompson's economic adviser, Lawrence Lindsey, said the Tennessean is considering proposals that would soften the impact of the cuts, but details have not been finalized.

See also Fred's weekend schedule.

Comments (1) «

I am getting quite sick of the republicans always wanting to cut benefits from those that need it the most. Maybe they should try to live on $781.00 a month after deductions for taxes and medicare. They always protect the big money makers to make sure that they don't add any more to their taxes. If the ceiling was eliminated and these CEOs making multi-million dollar salaries paid in their 7% and there company paid in their share to social security - that alone would keep social security solvent for many years. Of, course, not even the democratic candidates are even talking about social security reform.

1
Marty5252 on October 16, 2007 at 08:41 AM


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