Thom just spent minutes lecturing a caller about how SS is insurance and not a "retirement plan." At the same time, Thom and Bernie Sanders will talk until they're blue in the face about how the cap on SS earnings should be lifted above $110,100 (and allowed to float upwards) BUT neither will address whether or not the future benefits should be allowed to "float" upwards using the same existing formula that is in place today... http://www.ssa.gov/pubs/10070.html . What a hypocrit.
Thom and Bernie both argue that SS should never be means tested, because once that happens Republicans have the ammunition to classify it as "welfare" and they will then move to eliminate it. I agree.
I also agree, Social Security is in deed an Insurance plan. All insurance plans have two common elements. Premiums (the cost to buy the plan) and benefits (the payout that is due, if and when the insured becomes qualified).
Thom and Bernie want premiums to float up without the benefits following the same trajectory.
Doing that will most certainly invite Republicans to classify SS as a "welfare program" and all will be lost.
Thom must be forced to admit that benefits must be allowed to track premiums, or his plan is meaningless.