- Joined
- Jul 31, 2010
- Messages
- 3,595
- Reaction score
- 1,259
- Location
- Kentucky
- Gender
- Male
- Political Leaning
- Moderate
We have to raise it because the projections are that it will grow beyond the amount of money we take in for it, eliminating the excess they use for general funds and eating into the budget. Raising the age to 70 will reduce the costs and grow the revenue. It will still grow, but be paid for for longer. The next beast to tackle will be Medicare, which is growing faster than SS.
We have to raise it because the projections are that it will grow beyond the amount of money we take in for it, eliminating the excess they use for general funds and eating into the budget. Raising the age to 70 will reduce the costs and grow the revenue. It will still grow, but be paid for for longer. The next beast to tackle will be Medicare, which is growing faster than SS.
Yes, the retirement age needs to be raised, at least to 70, and we need to start having many more children.
Yes, the retirement age needs to be raised, at least to 70, and we need to start having many more children.
Unless we stop the practice of turning funds paid into SS into T-bills it's not going to matter how much we raise the retirement age - there won't be enough funds in SS because they all get spent to pay for other things.
It will, but it's not what is driving the cost up. After what I have seen there are two factors thst drive cost up. Overconsumption and the lack of cost reducing incentives drive the cost up in health care. Also, schools are using too much money on non-school related stuff, like baseball field, indoor swimming hall, tennis courts, football field, track field, etc.
I think going for 70 years is taking it too far, because if the life expectancy is 78, then a lot of people will die straight after retirement and also a lot of people are not able to enjoy their retirement because they are too old.
As for healthcare, the recent healthcare bill will drive costs up even more, what with taxes, an increased base of insured and fewer doctors.
Not sure what school spending has to do with the cost of healthcare.
We need to eliminate SS and reduce Medicare.
I think going for 70 years is taking it too far, because if the life expectancy is 78, then a lot of people will die straight after retirement and also a lot of people are not able to enjoy their retirement because they are too old.
Where did we develop this notion that we deserved to retire early enough to "enjoy" our retirement?
Not everything is aboout money, is it? I think people deserve a period where they can do what ever they would like before they get too old to do anything fun.
20 years out means 30-somethings. The Gen-X'ers. There's not as many of them as there are of us Boomers. The age doesn't need to be raised. It's not a mandatory thing anyway. You don't ever have to retire if you don't want to.
As far as taking away benefits from the well heeled, that would be stealing, plain and simple.
Keep it at 67.5. What difference will 2.5 years really make?
Social Security needs to exist for people who are, by virtue of age or disability, unable to continue working.
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