THE White House is looking into offering $5,000 pandemic stimulus checks in exchange for a delay in Social Security benefits, according to a report. The policy proposal – called the “Eagle Plan” – would allow workers to take some Social Security benefits early and have future payments reduced. Senior economic officials at the White House are researching a conservative scholar-backed stimulus measure, according to The Washington Post. Backed by the American Enterprise Institute and Hoover Institution and written by Andrew Biggs and Joshua Rauh, the 29-page plan calls for an overhaul of federal retirement programs. The overhaul would be in exchange for direct cash payments to some workers, the Post reported. The White House has reportedly already rejected the plan discussed by the senior administration officials.“President Trump has been clear that while he is in office, the American people can feel secure without a shadow of a doubt that he will completely protect Social Security and Medicare — end of story, full stop,” a spokesperson told the Post. Last month, in an opinion piece in The Hill, Rauh and Biggs wrote: “The loan amount would in effect be drawn from the Social Security trust fund, but the interest rate is… Read full this story
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