Commissions, Cuts, and Crisis Calls: Why Balancing the Budget on the Backs of Social Security and Medicare Just Won’t Work

Source: National Committee to Preserve Social Security and Medicare, April 2009

From the press release:
A new survey conducted by the National Committee to Preserve Social Security and Medicare shows America’s baby boomers support protecting Social Security benefits for both current and future generations. This National Committee survey gauges public opinion on the future of Social Security, reform options and support for the program. The survey questioned Americans 45 years and older and found:
• When given a menu of options for funding Social Security, the most popular choice among the 45-63 year old baby boomers was raising the wage base (currently $106,800) on which Americans pay payroll taxes (36%) and the least popular was reducing benefits (6%).
• The survey also revealed that protecting Social Security benefits crosses party lines: More than 30% of respondents (Democrats, Republicans, and Independents) support raising the level of earnings on which payroll taxes are paid and just under 14% favor raising the retirement age. Among the small number of people supporting benefit cuts, there is a modest partisan gap on the issue, with 7.4% of Republicans, 5.4% of Independents and 4.7% of Democrats supporting benefit cuts.
• Of the baby boomers who responded, more than 80% do not believe Social Security is in crisis. However, most do believe there are problems.

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