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Raising the retirement age for SS is the more acceptable choice of the ones proposed, since there's precedence for doing that. Cutting benefits is more tricky.
Ya know kids, and I'm aiming this more at the fear mongers, Full Retirement Age was already increased once, strangely enough when I was in my 20's, from 65 to 67 coupled with an increase of the withholding.
It was cycled in over the course of 30 years or so beginning around 1985 or thereabouts.
None of the then recipients suffered a cut in benefits, nor did the follow on retirees, except that FRA increased a month or two every year.
Haley is 51. She won't be subject to her own proposal re social security.
She's 51, she won't be subject to her own proposal of giving mental tests to those over 75, either.
When Reagan and Tip O'Neill "saved" social security for 20 years, they agreed to raise the retirement age gradually for those under 50 from 65 to 68. That was a reasonable thing to do. Changing it for people closer to retirement age was not reasonable. They didn't have as much time to adjust.
Now, every time a Republican suggests reasonable things to save Social Security, Democrats demagogue the proposal to death. Obama had the ability to do something and told McConnell it just wasn't on his agenda. It was irresponsible. W. tried, but the Democrats claimed, while demonstrating their financial incompetence, that it wasn't insolvent.
As politicians keep putting it off, it gets more and more difficult to fix without a lot of pain.
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“The White House unveiled Tuesday a plan to shore up a key Medicare trust fund by raising taxes on those earning more than $400,000 a year and by allowing Medicare to negotiate prices for even more drugs.“
Personally, I don’t get why Medicare wouldn’t be able to negotiate prices on ALL drugs.
There aren’t enough rich people to tax. Democrats are unserious people with no solutions to any of the problems facing the country. We need Trump back, bad.
What did Trump do the save Social Security? Nothing. Trump just added to our National debt.
What did Trump do the save Social Security? Nothing. Trump just added to our National debt.
I'll give Trump a pass on that. He had to deal with tens of millions of lying Democrats trying to undermine his Presidency from day one by falsely claiming he was a Russian agent. Including you.
As longevity increases the retirement age should as well. Everyone can't have twenty years of retirement. The math doesn't work.
Just because longevity is increasing does not mean elders are physically able to work. Especially people who did physical work all their lives. Body parts just wear out and arthritis causes pain. Even office workers begin to suffer from various ailments in their 60s. Once you pass 70, it's a crapshoot as to when the illnesses start piling on.
Just because longevity is increasing does not mean elders are physically able to work. Especially people who did physical work all their lives. Body parts just wear out and arthritis causes pain. Even office workers begin to suffer from various ailments in their 60s. Once you pass 70, it's a crapshoot as to when the illnesses start piling on.
Understood. The math still doesn't work. So who has to give ground?
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