This family leave plan by Marco Rubio 'is as unnecessary as it is cynical and cruel,' warns Nancy Altman SSWorks
Our country faces a looming retirement crisis. This proposal will make that crisis worse. Younger Americans, who are less likely to have other forms of retirement income, will rely on Social Security even more than their parents and grandparents.
Forcing new parents to choose between their current and future economic security is one more effort by Rubio and his colleagues to undermine our Social Security system. The Rubio proposal would, to borrowfrom former Congressman David Stockman ,"make it look like [politicians are] doing something for the beneficiary population when they are doing something to it.
Republican politicians have a longstanding goal of privatizing Social Security. Privatization would convert Social Security's wage insurance into inadequate savings accounts that would subject earned benefits to the vagaries of the stock market and force workers to pay enormous management fees to Wall Street. Republicans tried to achieve this directly in 2005, but the American people overwhelmingly rejected their plan.
For everyone who values Social Security, we all must stay vigilant and not be fooled. Beware of Trojan Horse proposals that provide some economic security today in exchange for less economic security tomorrow. Rubio's plan is as unnecessary as it is cynical and cruel. America is the richest country in the world at the richest moment in its history. If we require the wealthiest Americans to pay their fair share, we can easily afford to create a real paid family and medical leave program. And expand, not cut, Social Security's modest benefits.
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