Jeb Bush is the only candidate to put forward a plan what will in theory bring Social Security into solvency for the 75 year period. He says that his plan would slow the growth of costs over time by adjusting benefits for wealthier seniors. Understand his idea of a wealthier senior is what we call a minimum wage worker today. His plan confuses minimum wage workers with wealthier seniors. This is a reason that we question his understanding of the system. Earlier in May he said “We need to look over the horizon and begin to phase in, over an extended period of time, going from 65 to 68 or 70,” he added. “And that, by itself, will help sustain the retirement system for anybody under the age of 40.”
The statement reveals how far removed from the issue of Social Security that Jeb Bush has strayed. The retirement age hasn't been 65 in a decade, and his assessment of the impact is off by decades. It is not terribly different from a candidate predicted manned flights to the moon.
How It Works :
The vast majority of the fix comes from changing the replacement rate within the second bend point - that includes people who earn minimum wage today.
Our Review : Bush Is More Like Christie Than FDR