Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Democratic Primaries
Related: About this forum
Congratulations to our presumptive Democratic nominee, Joe Biden!
Chief economist/Moody's Analytics: Warren plan for SS will work and reduce deficit.
Mark Zandi, the chief economist at Moodys Analytics, concurred with Warren that the extra revenue from wealthier taxpayers should keep Social Security solvent until 2054 and would also reduce the deficit. Social Security is currently projected to be solvent until 2035.
The net macroeconomic impacts of the reform are small but positive in the long run; the economic benefit of smaller federal government deficits and debt load is largely offset as high-income people reduce their own work hours, Zandi said. The plan results in a much more progressive Social Security system, as high-income people shoulder the financial burden of the plan, while low- and middle income people benefit substantially.
-
https://www.usatoday.com/story/news/politics/2019/09/12/elizabeth-warren-social-security-200-per-month-taxing-rich/2294876001/
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
10 replies, 584 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (14)
ReplyReply to this post
10 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Chief economist/Moody's Analytics: Warren plan for SS will work and reduce deficit. (Original Post)
blm
Sep 2019
OP
BeyondGeography
(39,351 posts)1. The senior poverty rate would be cut by 68%
Ahead of the release, the Warren campaign also solicited what officials described as an independent analysis of the plan by Mark Zandi of Moodys Analytics, who estimated that the plan would cut the senior poverty rate by 68% and work over a period of 10 years to reduce the nations deficit by $1.1 trillion.
https://www.buzzfeednews.com/article/rubycramer/elizabeth-warren-social-security-plan
https://www.buzzfeednews.com/article/rubycramer/elizabeth-warren-social-security-plan
K&R
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
blm
(113,019 posts)2. You should post that as a new thread headline
Warren plan cuts senior poverty....
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
BeyondGeography
(39,351 posts)5. Great thought...thanks
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
blm
(113,019 posts)9. Good post, BG
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
Faux pas
(14,646 posts)3. Kickin' with gusto!
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
Funtatlaguy
(10,863 posts)4. Well heavens to Betsy. A plan that will work.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
blm
(113,019 posts)6. GOP sez the US is going bankrupt, vote for the leader who can reverse it
Reverse it financially and morally.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
HeartlandProgressive
(294 posts)7. K&R
If I were to vote in a presidential
primary today, I would vote for: Undecided
primary today, I would vote for: Undecided
blm
(113,019 posts)8. Economy needs to work for all.
For a change.
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden
Gothmog
(144,951 posts)10. Exclusive: Economist who backed Warren healthcare plan has doubts about her wealth tax
Link to tweet
- A leading economist who vouched for Democratic presidential candidate Elizabeth Warrens healthcare reform plan told Reuters on Thursday he doubts its staggering cost can be fully covered alongside her other government programs.
Mark Zandi, chief economist at Moodys Analytics, also voiced skepticism that the wealth tax provision in Warrens plan - a key funding mechanism - will produce predicted levels of revenue because those targeted by the tax will seek to dodge it.....
Zandi said despite signing a highly touted letter last week backing the calculations for Warrens Medicare for All plan, he does not support shifting Americans off the private health insurance they have in favor of a single-payer, government-run regime.
I am not a fan of Medicare for All, said Zandi, who is not affiliated with any Democratic presidential campaign and does not speak for the Warren campaign. We have 160 million people who have private insurance and are pretty happy with what they have. Why change that?"
Mark Zandi, chief economist at Moodys Analytics, also voiced skepticism that the wealth tax provision in Warrens plan - a key funding mechanism - will produce predicted levels of revenue because those targeted by the tax will seek to dodge it.....
Zandi said despite signing a highly touted letter last week backing the calculations for Warrens Medicare for All plan, he does not support shifting Americans off the private health insurance they have in favor of a single-payer, government-run regime.
I am not a fan of Medicare for All, said Zandi, who is not affiliated with any Democratic presidential campaign and does not speak for the Warren campaign. We have 160 million people who have private insurance and are pretty happy with what they have. Why change that?"
If I were to vote in a presidential
primary today, I would vote for: Joe Biden
primary today, I would vote for: Joe Biden