No Matter Who Wins In Iowa, Social Security Loses

No matter who wins in Iowa, Social Security loses.

AARP says that 8 out of 10 voters in Iowa want a plan for Social Security.  No one has a plan, including Bernie Sanders.

The leaders of the GOP field do not have a plan - if they do Google cannot find it. The GOP’s solution to the financial problems in the system is to convince younger workers to accept them.

Democrats are willing to tax high-wage earners. That means that they are willing to throw money at the problem. This approach is OK with supporters because it is largely someone else’s money. The problem is, of course, that much of the incremental revenue is going to current beneficiaries rather than to shoring-up the system’s long-term financial picture.

For nearly eight of ten Iowa caucus voters, this election will be a disappointment. For ten out of ten Americans, it will be a bust. (read : See more at: http://www.fedsmith.com/2016/02/02/presidential-candidates-social-security-proposals-throw-future-seniors-under-the-bus/#sthash.XGuqtqMF.dpuf)