Posted on 01/17/2013 4:26:52 AM PST by Wolfie
Edited on 01/17/2013 5:34:13 AM PST by Admin Moderator. [history]
WASHINGTON - An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans.
The Business Roundtable's plan would protect those 55 and older from cuts but younger workers would face significant changes. The plan unveiled Wednesday would result in smaller annual benefit increases for all Social Security recipients. Initial benefits for wealthy retirees would also be smaller.
(Excerpt) Read more at krqe.com ...
By the time I am ready to retire, I will have to be 90. That will be 75 years of paying into a system I most likely won’t have access to.
Someone has to work longer, harder, more efficiently if there’s money to be had to pay for welfare and Obamaphones...
Notable exception - People who are on disability S.S. receive Medicare automatically, two years after they become disabled and that applies to a whole lot of Americans.
Similar to Ryan plan.
I am not defending any plan that does not recognize that SS and medicare are rcreating deficits now, they are spending borrowed money NOW.
Tell you what, cut those progams now and save the trust fund IOUs for us.
The 55 age threshold is not accidental, its the GOP base voter. Its the one group Romney won solidly.
We’ve all known this was coming. We will all be working and fall over dead in our chairs or assembly line (if the robots haven’t taken that away yet) never collecting a dime if our social security. Meanwhile a guy that wants to get his name in the news and probably has so much cash reserves from making an annual multi-millionaire salary that he won’t need it makes this recommendation. I’m so surprised...
And what is the retirement age in France? 50? or Greece? 45? Are young Americans going to sit still for a 70 years old retirement age?
my parents both worked past 70 and had to be kicked out. What else is there to do, really? Golf? boring
And I wonder whose campaigns these CEOs donated to? Now they have even been co-opted to assist in King O’s mind control experiments with the mindless portion of the public
Note: This is not a proposal to cut benefits for those currently retired, nor does it move the goal line for those who are in the last stages of preparing for retirement. It simply makes social security sustainable by delaying retirement benefits for those who are more than 14 years from eligibility at this time, when we can adjust our long-term plans well in advance. The alternative is even worse for those who plan to depend on social security.
I have no problem with this idea. Also, 20 and out retirements in the (non-military government needs an adjustment. These people are gone just when they are in their prime. Often they government hires them back as contractors or advisers and big bucks.
I have no problem with this idea. Also, 20 and out retirements in the (non-military government needs an adjustment. These people are gone just when they are in their prime. Often they government hires them back as contractors or advisers and big bucks.
That means the age of getting a pension and/or social security.
Bull$shit. White males over 55 are the first to be laid off, and then can’t get jobs,
But we didnt nor dont know WHEN that will happen or to who yet,
The Ryan idea repeated here says that those over the magical age of 55 (whenever this is passed) win the lottery, they get to join the gravy train line.
The rest of us are out of luck though, sorry, all that money will be gone by then, that's the way it goes.
With any luck Dems will delay this until I am 55 and then the Ryan club will fight to defend me too, my place on the GOP base voter gravy train.
Great I will be hacking on JAVA, C and C++ code until I am 70. Great.
A bunch of liberal CEO’s that benefit from government... that’s my guess. I assume GE in on board... and every other ‘business’ that skims their full ‘share’ of government handouts...
Where’s the list of companies?
Roundtable?
Yeah, right. More like ‘under the table’...
It is one thing if you want to work into your retirement years, my Grandfather worked until he was 85, it is all together different if you are being forced to work because you can’t draw a pension, social security or medicare. It must be a choice of the individual. Retirement means a lot of different things to everyone and is not necessarily a slower life than a working life. Bottom line, it is all about the freedom to choose.
CEO’s shouldn’t care about government programs, per se.
They should make it clear that government mandated costs/taxes tied to employees are always borne by the employees. If they become too high they will fire employees until they become manageable.
If the employee costs are still too high, in combination with other business taxes and regulations to make the desired profit, they’ll close the company or move it someplace where profit is possible.
That’s the only job of business, and the only comments CEO’s should be making.
If we were allowed to save for our own retirement, instead of making mandatory contributions to an inefficient government program, we wouldn’t have to wait for the government to tell us when we could retire.
This is informative though.
Back two years ago 2011 Ryan pitched this <>55 medicare idea to the new GOP House and got them to vote for it.
Ryan then went home to WI and got yelled at by his district voters in a town Hall meeting or two and backtracked on it, then it died. He eventually came up with a version that gives those under 55 a choice but by then it was too late.
I know Rush and CO loved the idea but I still couldnt figure why Rayn was pitching an idea that was obvious to me would never see the light of day in a passed law, and get House GOP members tio vote for it yet.
And this post answers that, its these business leaders.
BTW : If they raise the age of medicare then we go on O care at 65 instead and that doesnt sound attractiive.
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