Retirement at 65? Not Anymore! Nikki Haley Drops The Retirement Age Bombshell! (layoffs, Ohio)
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Maybe instead, we cut spending by not having a war hawk in charge, and someone who actually works for OUR citizens and cares more about our border than the one in the Ukraine!
How much money are you suggesting we should transfer from military to entitlement programs? 50% of military budget? More?
The OP does make it clear its about the SS eligibility age.
We need to make some fiscally responsible moves to secure the future, even of those moves are unpopular.
Yes, and people can still dip into it at 65, but they'll get a lesser payment.
Hard though. Whenever you start talking about taking some welfare bennies there's a knee-jerk reaction. It's pretty simple really. Payroll taxes up, retirement age up, or bennies down. Just delaying it for the Zoomer generation or even the Millenials at this stage isn't going to cut it either. It runs out of money at current spending before then at which time I think bennies go down by about 20-30%. I think that's the least desirable outcome is for current recipients to "suddenly" have their bennies cut. I won't say suddenly as that's still not projected to occur until 2037 so there's 13 years left for people to get onboard with reality but we all know most people won't do that. They'll pretend they never saw it coming and throw a fit. But really the do nothing and just cut bennies when the trust fund runs dry is the least desirable option. Yet it's also the one the knee jerkers seemingly want to occur.
Hard though. Whenever you start talking about taking some welfare bennies there's a knee-jerk reaction. It's pretty simple really. Payroll taxes up, retirement age up, or bennies down. Just delaying it for the Zoomer generation or even the Millenials at this stage isn't going to cut it either. It runs out of money at current spending before then at which time I think bennies go down by about 20-30%. I think that's the least desirable outcome is for current recipients to "suddenly" have their bennies cut. I won't say suddenly as that's still not projected to occur until 2037 so there's 13 years left for people to get onboard with reality but we all know most people won't do that. They'll pretend they never saw it coming and throw a fit. But really the do nothing and just cut bennies when the trust fund runs dry is the least desirable option. Yet it's also the one the knee jerkers seemingly want to occur.
It's just almost never. People get very uppity when you threaten their bennies which for Social Security/Medicare which almost everyone gets or will get that's a lot of uppity people. It's very hard to get people accustomed to the doles off of them.
Hell...just get rid of the income cap on the FICA tax...right now that cap is $160,200...so someone who earns that is paying the exact same amount as someone who earns $250,000 or $25 million.
Get rid of the cap and I bet you make it solvent far longer.
Interpretation: You're jealous of people who earn more than you, so you support any scheme by which their wealth can be redistributed to you. Sounds fair. Not.
Full social security benefits for those born 1960 and later are at age 67. (for 1957 its 66 and 6 months, 1958 66 and 8 months, 1959 66 and 10 months).
You can take reduced benefits at age 62. If you defer past 67, you get higher benefits.
So basically, work until you drop. By the time you will be allowed to retire you will have no quality of life left to enjoy. Why not rescind the massive tax cuts on corporations and the one percent to help refill the coffers? Nope, instead try to squeeze more out of the working class, who have less and less to give.
SS is not a pension. You are expected to work until you can't or have someone else support you.
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