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I'm now done with Christie as he turns to socialism. Hey!!! Christie, whether I need the money or not, it's mine..Keep your hands off it.
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Gov. Chris Christie was in New Hampshire on Tuesday to unveil a package of national proposals aimed at reforming Social Security, Medicare, Medicaid and disability insurance — or so-called “entitlements.”
On Social Security, the potential 2016 Republican presidential candidate proposed gradually raising the national retirement age to 69, hiking the early retirement age to 64 and imposing income caps on payments. Under Christie’s plan, future retirees making $80,000 annually in income exclusive of Social Security will see benefits gradually phased out and those making in excess of $200,000 annually will see them eliminated entirely.
Spelling out his plans in detail for the first time, Christie proposed:
-- Raising the retirement age for Social Security to 69 from 67, for those born in 1960 or later;
-- Raising the age to qualify for Medicare by one month per year until it reaches 67 from the current 65.
-- Eliminating payroll taxes for seniors who remain in the workforce.
He also called for phasing out retirement payments to those with more than $200,000 a year in other income and smaller reductions for those earning $80,000. Together, he said, the overhaul would save $1 trillion over a decade.
Bloomberg, "Chris Christie Pushes Means Test for Social Security in New Hampshire"
Apr 14, 2015
“We spend over 56 percent of the income per every worker on seniors, while spending only 8 percent on children,” said Christie. (This sentence didn't make much sense to me. Maybe he was misquoted.)
I'd like to hear more, but his start to this discussion seems sensible so far.
I'm now done with Christie as he turns to socialism. Hey!!! Christie, whether I need the money or not, it's mine..Keep your hands off it.
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Governor Christie isn't going to be the nominee anyhow.
If the Republicans decide to nominate a moderate, it will be Bush.
"When the Social Security program was initiated in 1935, the average life expectancy was 61 years old. Considering that the average age for retirement has remained consistently around 65, beneficiaries in the early years of the program were receiving payment for a much shorter time."
I don't see why he's receiving flak for this. Common sense says that with SS/Medicare deficits looming hugely in the future, something needs to be done as Americans are living much longer.
"When the Social Security program was initiated in 1935, the average life expectancy was 61 years old. Considering that the average age for retirement has remained consistently around 65, beneficiaries in the early years of the program were receiving payment for a much shorter time."
I don't see why he's receiving flak for this. Common sense says that with SS/Medicare deficits looming hugely in the future, something needs to be done as Americans are living much longer.
I'd agree but; many of us who've worked physical jobs DON'T make it to 65 before our bodies start giving out. 69 would be tougher yet.
Actually just scrap the entire program.
Give us back the money we put in and let us figure out how to save for retirement.
FYI..over $2.5 TRILLION in the Fund in Treasuries from when Congress "borrowed" the surplus.
I'll go for that, pay back what they took and I would be fine with it, some interest should be included, I believe there is no reason they should not pay at least the going interest rate, thing is that will not happen.
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