One of the things Rubio talked about was raising the retirement agent for Social Security which has been discussed before.
“One of the things Rubio talked about was raising the retirement agent for Social Security which has been discussed before.”
Both programs require re-tooling for the long term.
That means cuts. And/or Tax Increases.
Raise the “full” Retirement Age by one Month every Year for the next 36 Years so it reaches 70 instead of 67 which it is today.
Do the same for the “early” Retirement age of 62 which would make it 65 in 36 Years.
That should help preserve the Bankrupt Program for a Generation. Sooner or Later they will just lift the Salary Cap on the SS Contributions, no doubt about it.
People are living far longer than they did when SS was established. The Official Life Expectancy was only 61 back in 1935, but that number was skewed by the high Infant Mortality Rates of the day. Even taking that into account, people are living at least ten Years longer today if not more.
Of course there is no official Retirement Age in SS. If you wait until you are 70 to collect your Benefit, you get more than if you took it at 67.