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I agree with BeerGeek.....reform is needed. My concern has always been that it be done thoughtfully, such as a tiered system or perhaps extending the age where you can first take full benefits. I'm concerned that reforms if not done thoughtfully will disparately impact lower income folks.
Let it affect the poorer folks. They pay much less into the system and much more in proportion to what they contribute.
Trump says he may begin cutting Social Security and Medicare if he wins in 2020
That's IT!
He's toast now, and that's fer sure! We can go ahead with all those impeachment attempts, but it's a wast of time - any ol' Dem can beat him now!
(What a bunch of idiots Dems are)
Change the age is way to go. Its way too early! IMO, SS should set full retirement at life expectancy less 5 years, with an auto reset every decade based on same criteria.
Uh NO!!! Men have less life expectancy than men. In your example, make womens’ age higher and keep mens’ the same. Erase female privilege.
Considering that the vast majority of retirees depend on social security as their primary income source, any cuts to benefits would result in millions of people becoming destitute. Social Security could easily be made solvent with changes to taxes, and barring the government to dipping into the fund for other expenditures.
Trump however is intent on sky rocketing the national debt to rationalize the need to cut social security and Medicare.
Wow, you had a good post until you went off on Trump regarding the debt. Lets not forget it was Obama who jumped the shark with debt well before Trump ever became a candidate.
Granted most modern presidents from both parties have not been as fiscally responsible as we would like, but then again how fiscally responsible have we been as individuals within our society?
While you cannot blame people on Medicare as much because of the unanticipated skyrocketing of healthcare costs and inaccurate actuarial models built upon life expectancy, SS is a different matter.
Those who are dependent on SS likely lived by the seat of their pants and never planned or budgeted for retirement properly.
Many got caught up in "keeping up with the Jones" and doing so by credit. Yet the things they purchased in many cases were not investments, but consumerism via new cars every few years, expensive vacations, boats, jewelry, clothes, etc., etc. etc.
It is sad, but many people think the government owes them something when in reality they were expected to live within their means, and put away money for a rainy day. Those that didn't will find their "dream" of living a comfortable retirement with travel and spending like they did when they were working will come crashing down.
^^^^^THIS! Most States have UNFUNDED public pension liabilities due to way out of market salaries, benefits and pensions for government employees. The Feds just run up the deficit an debt more each year. It needs to stop, and personnel cuts across every level of government need to take place.
I've paid huge amounts into Social Security and Medicare my entire career. I should get my money back with interest!
Federal Government is under no obligation to pay you a cent in SS and Medicare benefits, let alone refund you.
And after decades in office, none of his pitches became legislation.
I appreciated Paul’s consistency.
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