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Republican candidates are gearing up for the second GOP presidential debate, as they look to chip away at former President Donald Trump’s comfortable lead with less than four months before the first nominating contest. After a raucous first debate in Milwaukie last month, the candidates are set to return to the debate stage for a two-hour event at 9 p.m. To qualify for the second debate, a candidate must poll at least 3% in two national polls or 3% in one national poll and one poll from an early state poll in Iowa, New Hampshire, Nevada or South Carolina, according to rules set by the Republican National Committee. In addition to the polling and fundraising requirements, the candidates must also have taken a loyalty pledge in order to participate in the debate, which all eight candidates who participated in the first debate completed. With that pledge, which has been somewhat controversial among the candidates, GOP presidential hopefuls must sign a statement that they will support the eventual Republican nominee.

Persons: Donald Trump’s, Trump, Donald Trump, Julie Bennett, Ron DeSantis, Rebecca S, Gratz, Tim Scott, Charles Krupa, Nikki Haley, Alex Brandon, Vivek Ramaswamy, Michael M, Chris Christie, Doug Burgum, Scott Olson, Mike Pence, Jacquelyn Martin, Asa Hutchinson, Larry Elder, Perry Johnson, SERGIO FLORES, Ryan Binkley, Will Hurd, Steve Laffey Organizations: Republican National Committee, Republican, Trump –, Donald Trump Former, The Washington, Getty, United Nations, New Jersey, Asa Hutchinson Former Arkansas, Larry Elder Conservative, AFP, Ryan Binkley Business, Cranston Locations: Milwaukie, Simi Valley , California, Iowa , New Hampshire , Nevada, South Carolina, Ron DeSantis Florida, Carolina, New, Dakota, Texas, Rhode Island

☆ Opinion | Can Social Security Be Fixed Forever?
▼ + stars: | 2023-07-03 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

In 1983, the main Social Security trust fund came within months of being exhausted. Max Richtman, the president and chief executive of the National Committee to Preserve Social Security and Medicare, told me he thinks it’s too long. He wrote in a recent Substack post that even 75 years isn’t long enough to look ahead. That’s three times the size of the gap in today’s dollars when projecting ahead 75 years. Making Social Security safe for only 75 years effectively assumes that all beneficiaries will “conveniently expire” at the end of the 75th year and so won’t need checks, he said.

Persons: Alan Greenspan, Max Richtman, it’s, ”, “, he’d, Laurence Kotlikoff, I’ve, there’s, Steve Laffey, Kotlikoff, aren’t, ” Laffey Organizations: Social Security, National Committee, Preserve Social Security, Boston University Locations: Cranston, R.I

☆ As Republican contenders start to line up for the White House in 2024, Social Security may be key issue
▼ + stars: | 2023-06-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +7 min

Proposal for 'modern version' of Social SecurityThe Social Security plan Laffey would implement throws out the traditional approaches of tax increases or benefit cuts. Currently, workers and employers each pay 6.2% on up to $160,200 in wages toward Social Security. "It's a modern version of Social Security," Kotlikoff said. The idea of rethinking the way Social Security funds are invested has come up before. Andrew Biggs, who worked in the White House on Social Security reform at the time and who is now a senior fellow at the American Enterprise Institute, remembers the proposal did not come close to succeeding, even as Social Security still had surpluses and Republicans controlled both houses of Congress.

Persons: Alex Durante, Durante, Laurence Kotlikoff, Kotlikoff, Laffey, Morgan Keegan, Steve Laffey, Ed Jones, Cranston, George W, Bush, Andrew Biggs, Biggs, Biden Organizations: iStock, Social Security, Social Security's, Lawmakers, Washington, Tax, Foundation, Social, Boston University, U.S, Senate, Republican, Afp, Getty, Wall, today's Social Security, American Enterprise Institute, Democratic, Lake Research Partners, Trump, Alafaya Locations: Cranston , Rhode Island, Rhode Island, Colorado, America, Cranston, Orlando , Florida

☆ GOP presidential contenders cast blame for Silicon Valley Bank collapse
▼ + stars: | 2023-03-13 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Former President Donald Trump and other 2024 Republican presidential hopefuls spoke out over the weekend on the failure of Silicon Valley Bank , offering early hints of their varied approaches to the markets. Silicon Valley Bank, or SVB, was shuttered by financial regulators last week, marking the largest failure of a banking institution since the 2008 financial crisis. Nikki Haley on Saturday night declared, "taxpayers should absolutely not bail our Silicon Valley Bank." "Now depositors at healthy banks are forced to subsidize Silicon Valley Bank's mismanagement.

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