We Do Not Need to Expand Social Security

New studies show that retirees are among the richest Americans.

NRPLUS MEMBER ARTICLE F ew issues better illustrate the leftward shift of American economic policy than Social Security. In the late 1990s, moderate Democrats such as Senators Daniel Patrick Moynihan and John Breaux proposed fixing Social Security’s finances through a combination of tax increases and benefit cuts, including lower cost-of-living adjustments and an increased retirement age. Republicans favored fixing the Social Security deficit using benefit cuts alone. Today, President Trump’s no-cuts position is to the left of those Democrats. And even the most moderate Democratic candidate for president, former vice president Joe Biden, speaking at an AARP Iowa forum in July, insisted that “we


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