Democratic Group Would End Social Security for Wealthy

Bloomberg Businessweek reports:

A Democratic-led policy group is proposing changes in Social Security that party members have resisted for years in an effort to pave the way for recommendations this week by President Barack Obama’s deficit-cutting commission.

Washington-based Third Way said its plan would raise the retirement age, trim or eliminate Social Security benefits for high-income retirees, limit cost-of-living increases and provide money to help young workers create private retirement accounts.

You mean some Democrats don't think Warren Buffett should get a welfare check from Uncle Sam? That's progress.