Democrats Call for Major Change in Social Security

In a move that may turn out to be politically shrewd but will almost certainly turn out to be practically ineffective, 70 Democrats on Sunday delivered a letter to the White House urging President Obama, in the vaguest of possible language, to “expand Social Security benefits for millions of Americans.”

“As employers continue moving from a defined benefit model to a defined contribution model of retirement savings, it is critical that we fight to protect and expand Social Security –– the only guaranteed source of income in retirement,” the lawmakers wrote, on the eve of the once-in-a-decade White House Conference on Aging that convenes today.

– The Fiscal Times

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