Its finding: The plan isn’t cost-neutral, as Republicans claim, and would cut or withhold Social Security benefits from future generations of parents—from a 3 percent reduction in retirement benefits for parents of one child to a 10 percent for parents of four children.
Urban Institute’s projections suggest that allowing people to borrow from Social Security would delay retirement benefits 20 to 25 weeks and would reduce future benefits by 3 to 10 percent. But more dramatically, borrowing against the future without creating additional revenue streams would fundamentally “undermine social security.” The Urban Institute finding is not at all surprising, given where the plan came from.
via Slate.
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