Democrat Hillary Rodham Clinton promised retirees that if elected president she will not cut Social Security benefits, raise the retirement age or privatize the taxpayer-funded system.So where not going to privatize, not going to cut benefits or raise the retirement age. What is left--raise taxes--that is all.
The New York senator told the AARP's legislative conference that she would bring a "renewed national commitment to Social Security" to the White House.
"This is the most successful domestic program in the history of the United States," Clinton said to applause from seniors gathered in Washington to push their policy agenda. "When I'm president, privatization is off the table because it's not the answer to anything."
Social Security was built in a age when the life expectancy was not very different than the retirement age and very few people were actually drawing Social Security. Today, just about every American can expect to draw 10 years or more in retirement benefits and those Americans are having fewer babies. There are simply not enough workers paying into the system.
I still haven't seen a plan for entitlement reform come out of the Clinton camp and we probably won't see one.