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Marco Rubio wants to turn social security into a payday loan. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, discuss.
“WASHINGTON ― Sen. Marco Rubio (R-Fla.) and Rep. Ann Wagner (R-Mo.) unveiled a novel idea for offering parental leave to more Americans on Thursday: Having them pay for it with their own retirement savings.
Instead of mandating that employers cover paid family leave, or proposing new sources of revenue to pay for it, the proposal would give new parents the option of dipping into their future Social Security retirement benefits so they can have time off to care for a newborn. The trade-off would be significant: lower Social Security benefits for life ― and possibly waiting as much as a year longer to retire, according to analysts.
“It’s an option. It’s akin to what people are now do with their 401(k), which is to make an early withdrawal,” Rubio told HuffPost on Wednesday. “It’s their money, you just have a choice whether you want some of it now, or all of it later.”
“If someone has a better idea that doesn’t involve raising taxes, we’ll be interested in it,” he added.”*
Hosts: Cenk Uygur, Ana Kasparian
Cast: Cenk Uygur, Ana Kasparian
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)