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I think that it will play out like this. Anyone under 60 will need to wait until 70 for full benefits, and they will raise early retirement to 65 from 62.
It boggles the mind to believe that they are willing to raise the retirement age to seventy when people can't get jobs if they are laid off after 50.
Social Security is not an entitlement. It is more along the lines of insurance. People sometimes think that they get back what they pay in, like a bank account, but of course, that is incorrect. But we all HAVE been paying in to support those older than us, and I think we understandably want to be supported similarly when we get to that point.
Back when Trump was promising his fans that he would never touch Social Security and Medicare, the only ones who believed him were his fans. The rest of us were well aware that he was lying, and that he cared not at all about these programs or about the American public who depend on them. The fact is that Republicans have been trying to gut them since their inception, and they probably always will be trying. Because they believe in redistribution of wealth - upward, from the poor to the rich.
Yeah? What exactly did he say should be done with those things and what do YOU think should be done with those things? Discussion is never off the table and adjustments are made to everything over time, as things change. And boy are things changing.
No one, no onehas to be unemployable, unless by choice. Thirty years ago, or so ago, the fra was raised, fica increased. Folks just went on. Those who could and can accept they ultimately do not have control over the vagaries of life, survived, some even thrived, if they chose to.
The rest reap their just rewards.
Quote:
Originally Posted by Tonyafd
I think that it will play out like this. Anyone under 60 will need to wait until 70 for full benefits, and they will raise early retirement to 65 from 62.
It boggles the mind to believe that they are willing to raise the retirement age to seventy when people can't get jobs if they are laid off after 50.
Social Security is not an entitlement. It is more along the lines of insurance. People sometimes think that they get back what they pay in, like a bank account, but of course, that is incorrect. But we all HAVE been paying in to support those older than us, and I think we understandably want to be supported similarly when we get to that point.
Back when Trump was promising his fans that he would never touch Social Security and Medicare, the only ones who believed him were his fans. The rest of us were well aware that he was lying, and that he cared not at all about these programs or about the American public who depend on them. The fact is that Republicans have been trying to gut them since their inception, and they probably always will be trying. Because they believe in redistribution of wealth - upward, from the poor to the rich.
Another one here..... "Granny is going to get thrown out into the street unless you vote in the democrats".
I think that it will play out like this. Anyone under 60 will need to wait until 70 for full benefits, and they will raise early retirement to 65 from 62.
It boggles the mind to believe that they are willing to raise the retirement age to seventy when people can't get jobs if they are laid off after 50.
The thing is.....it doesn't even have to be that extreme a move to fix this. All they have to do is shift it by one year - early retirement at 63 and full retirement at 68 - and most of the problem is solved. Increase the SS by one measly percentage point (shared half and half with the employer), which translates to $300 a year off the pay of a $60,000 worker, and.....done.
The thing is.....it doesn't even have to be that extreme a move to fix this. All they have to do is shift it by one year - early retirement at 63 and full retirement at 68 - and most of the problem is solved. Increase the SS by one measly percentage point (shared half and half with the employer), which translates to $300 a year off the pay of a $60,000 worker, and.....done.
Can you imagine signing up with a privately run retirement plan and have the administrators of said plan changing the terms at will?
Oh before you ask, I'm a libertarian (small l) and ancap.
All Washington seems to be buzzing this week over a single question: Is Sen. Mitch McConnell (R-Ky.) deliberately trying to throw the election to the Democrats?
At the root of the debate are interviews the Senate majority leader gave to Bloomberg and Reuters on Tuesday and Wednesday. McConnell identified “entitlements” — that’s Washington code for Social Security, Medicare and Medicaid — as “the real drivers of the debt” and called for them to be adjusted “to the demographics of the future.”
Translation: He wants to cut benefits.
In terms of Republican orthodoxy, McConnell’s remarks are nothing new. Sen. Marco Rubio (R-Fla.) and House Speaker Paul Ryan (R-Wis.) each made exactly the same point last November and December. McConnell himself has made the point before, including during a speech in his home state in 2013.
McConnell’s position on the social insurance programs fits in with Republican policy on the Affordable Care Act; as it happens, the majority leader also telegraphed a plan to try again to repeal the ACA after the midterm elections. That’s despite indications that the ACA is becoming more popular with the public, not less, and voters’ concerns about preserving its protections for those with preexisting conditions may be driving them to the polls — and not to vote Republican.
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