KBOO's Power is out
10/25 6:30 pm - KBOO, along with thousands of other Portlanders, is currently experiencing a power outage. We are in touch with PGE and will be back on the air as soon as possible!
Max Richtman on defending and extending Social Security
Bill Resnick talks with Max Richtman, president of the National Committee to Preserve Social Security and Medicare , who clarifies that Social Security is an earned benefit, and the program is not broke or breaking. The current program can continue paying full benefits for twenty years; and with a slight adjustment of the payroll cap, it can continue long after that. (Currently, only the first $113,000 of income is taxed, no matter whether someone's total income is $113,000 or $113,000,000). Half of all Social Security beneficiaries rely on the program for 90 % of their income, though the average benefit is only about $13,000 per year. Bill and Max discuss how chained CPI would reduce benefits. Richtman argues that Social Security needs to be expanded and the benefits increased.