Posted on 02/02/2011 7:18:22 PM PST by rabscuttle385
Congress should cut a deal this year to raise the retirement age to 69, Sen. Lindsey Graham (R-S.C.) said.
Graham, who'd flirted last month with an increase in the retirement age to help address Social Security's solvency, backed a phased-in hike in the retirement age.
"As I said on 'Meet the Press,' I'm looking for a process that will lead to a vote on saving Social Security from bankruptcy this year, that would adjust the age," Graham said on WVOC radio in South Carolina.
Graham referenced as his model the deal cut between President Reagan (R) and Democratic House Speaker Tip O'Neill (Mass.) in the 1980s that provided for a gradual increase in the retirement age to 67.
"Ronald Reagan went from 65 to 67 with Tip O'Neill
we could use that same type system, to go from 67 to 69, for people under 55," he said.
(Excerpt) Read more at thehill.com ...
Ponzi schemers need to be imprisoned, not sitting in the US Senate.
I’m working on a paper right now to save the Social Security system by eliminating retirement ages and requiring all receipients to be determined “disabled” and “unable to work” before collection of benefits.
Better yet, pay me back every dime stolen from me for SS, including employer part. Pay it all back with a reasonable 7% interest and I will call it even.
Sell whatever it takes to do that... even Yellowstone.
We need to get this on the air at Fox, bigtime, start a huge push:
SS and Medicare have NOTHING to do with “government spending”.
Gov’t needs to put back EVERYTHING it borrowed from the fund.
SS & MCare PAYROLL DEDUCTIONS fund THEM.
FIT PAYROLL DEDUCTION funds the gubmint.
PERIOD.
Can’t stand Grahmnesty, but he is 100% correct on this point, and I am 54 years old.
You can say that again.
“So those of us at 54 are screwed again. What a great country!”
I ALREADY know that I’ll get ‘screwed’. I have a decent level of savings and a decent pension coming (assuming that Obama doesn’t crash the dollar first). I FULLY EXPECT that Social Security will soon become a Welfare Program with means testing, and I will lose.
But guess what - THAT IS FINE WITH ME. Sure, it means that my retirement house will be a bit smaller, and I may not travel overseas as much as I like - but THIS COUNTRY IS BROKE and the fact that I will lose everything I paid in is ok with me - since the country (collectively) decided spending my money was more important than saving it for me.
Aye. But it means that Boomers cheered on higher government spending that raided those SS tax monies.
Now the money is gone. Too bad.
Screw the gubmnt managing my retirement. Just give me back the money I earned and leave me alone.
I have a great idea why don’t all you people in Wasington retire now regardless of what your age is at this current time.
First off, retirement is not all it’s imagined to be.
You get bored, get behind in your payments, the kids need money, they’re pushing out grandkids, who need money, the church is pushing for a 20% tithe, your sponsored orphans in South Africa need arms and ammo, so you gotta keep working and you can never really retire...
Back to work with you...
You’re gonna die pecking at a keyboard and get no recognition. Now ain’t that a shame...
I’ve got a better idea, Senator. Why not let us opt out of Social Security so we can take that money and invest it in an actual Retirement Account instead of that Ponzi scheme the government is running, and that way we can retire when we’re 55.
SS has become much more than supplemental income for old folks. SSI benefits that were added make it defacto Welfare. People hide their wealth so they can receive SSI on top of their regular SS Benefit.
Jimmy Carter changed the law so elderly legal immigrants who paid nothing into the system can get benefits paid to them from the system.
SS was rigged from the get go. FDR knew a lot of people who paid in wouldn't see a dime, but it was a carrot on a stick.
“Hell, let’s just call it for what it really is: another income tax!”
Of course - there is not ‘Trust Fund’. THE MONEY IS GONE. For you FReepers in your 50s and 60s, let me say that again:
THE MONEY IS GONE
(and again)
THE MONEY IS GONE
Is it sinking in yet? Your generation chose to spend that money (and more) as it came in. YOU ARE NOT ENTITLED TO THE EARNINGS OF MY CHILDREN AND GRANDCHILDREN.
Let me say that again:
YOU ARE NOT ENTITLED TO THE EARNINGS OF MY CHILDREN AND GRANDCHILDREN.
I’m sorry that the people that YOUR GENERATION elected chose to spend ALL of your retirement money, but they did.
Here’s an idea. I’d like to see senators leave the senate at 60 and then spend at least 10 years working in the real world before they start drawing their fat pensions.
I don’t care if they are flipping burgers, parking cars, teaching in elementary schools or collecting trash — they’ve lived on their jawbones long enough. Get them outside and make them work for a paycheck for a few years!
Dear Gen X, Y or Z-er,
Bite me!
What do you mean "save money for the SS fund?" I've been paying into the stupid thing for 30 years. What I may NOT have paid into is a retirement fund due to believing in the Ponzi Scheme titled Social Security.
Not my fault I'm a Boomer,
Maddie 10
|
Hey, Linseed, why not just cut to the chase and say that Social Security is reparations and belongs to black people alone? Whites have to work and pay for it until the day they die.
Exactly. They would love to raise it to 120 so they would have it all to squander.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.