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 ...
THAT would work, since most people can't see past next week... the thought of instant cash NOW .... would do it.
Based on current life expectancy tables, they should raise the retirement age to 75. Social Security is a welfare program and not a retirement plan.
unlike union firemen who can retire early in their 50's, most hospitals do not afford the mostly female nursing staff that priviledge...
so you govt pensioners, you railroad pensioners, and the rest of anyone with money coming out of your ears may keep working for your entire lives...
there are those of us who've worked well over 30 yrs and we will , one way or another , get our dang SS money back at a reasonable age...
>> “I have -0- in my SSI column for retirement planning (as should anyone younger than 55).” <<
.
You should have “0” in all of your collumns, since nothing is likely to survive the next wave of failures generated by sovreign debt collapse.
.
Two of a kind!
What a pair to draw to.
I was diagnosed with Leukemia five years ago at age 52. The Doctor told me I could expect to live another ten to fifteen years. When he gave me the news, my mind clicked, ten years gets me to 62, (early benefit), fifteen makes it to 67, (full SS retirement age).
All I said to him after he gave me the news was, “you mean I'm getting ripped off by SS and Medicare”? You gotta go sometime, but the Gubmint stealing $250,000 from me for forty years without paying me back one red cent of principal or interest really pisses me off.
My Wife and the Doctor were both taken aback by my response, but I am a realist who understands that life isn't fair. Too bad many of our fellow Citizens think the Gubmint is there to make it fair and they do that that by stealing money from others.
Democrats hope you die so they can give your money to their idiotic constituents who have no idea where the money comes from. They are robbing my grave while I'm still above ground.
Collective guilt and group identity are leftist constructs. I'm supposedly the oldest of "Generation X" and am as sick of purported "Boomer" crap as anybody, but not all "Boomers" were spendthrifts, just the government was, consistently.
The SS "trust fund" was raided for every Democrat pipedream to come down the pike, not by "Boomers" but by politicians who may or may not have belonged to that artificial categorization. Now they're feigning surprise that it's insolvent, like that's new news. Fools, the lot of them.
I agree with Lindsey Graham for once. Social Security is a Ponzi scheme destined for destruction. The quicker we learn that and make adjustments, the better.
Moan frare.
>>You should have “0” in all of your collumns, since nothing is likely to survive the next wave of failures generated by sovreign debt collapse.<<
Not much of a planning guide there. we all plan based on assumptions. I just posited one assumption (OK, a high-percentage assumption).
I am not the gold hoard and basement full of canned beans kind of guy, so I have to temper my assumptions with at least a LITTLE optimism.
But it is possible the former may get the last laugh... But if the entire financial world collapses then it will be such a crappy world that mere survival will be a pretty meaningless existence anyway.
“Keep your stinking self, children, and grandchildren off the roads I paid for, breeder.”
I’m sorry, but they pay the GAS TAX and TOLLS just like EVERYONE else.
Stuff it with your sick, entitled, attitude. Your generation chose to spend YOUR Social Security money, and STOP BLAMING my kids and grandkids for it.
http://en.wikipedia.org/wiki/Cabrini%E2%80%93Green
(now dynamited)
>> “Baby Boomers didn’t save money for the Social Security fund...” <<
.
Yea, I’v only paid in about $166,000 so I guess I should just let them keep it....
Love you freeloaders!
>>Moan frare.<<
Where is the hair on a pear?
The worst drawback (well, maybe not the worst, but significant, anyway) with this idea is that the old guys (and gals) don’t retire and get out of the way for the kids coming in at the bottom.
“Your beloved big government CHOSE to spend that money...not the people...they had that money taken from their checks...then the government spent it so people like you can have ‘free’ stuff...”
Sorry, but my KIDS and future GRANDKIDS were TOO YOUNG to vote for the idiots that spent that money.
YOUR GENERATION (and my generation) voted to spend their Social Security savings on all that social crap, whether we like it or not.
GET IT!!!
Did your mother have any kids that didn’t have congenital cranial agenesis?
.
Retirement’s for sissies. I’ll retire when I’m dead.
“Did your mother have any kids that didn’t have congenital cranial agenesis?”
Ohhh, we’re cute. Now, please leave MY KIDS alone, they don’t owe you crap - so stop trying to STEAL FROM THEM. You’re no better than NAMBLA.
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.