Senators are considering raising the retirement age to 70 and are looking at a $1.5 trillion investment fund to overhaul Social Security and stop funds running out by 2032

Daily Mail ^ | 1 March 2023 | NIKKI SCHWAB

[artichokegrower]

A group of bipartisan senators is quietly meeting to retool Social Security before funds run out in 2032.

On the table, according to Semafor, is gradually raising the retirement age to 70 and creating a $1.5 trillion sovereign wealth fund, which would invest in stocks.

[artichokegrower]

Which would be fair if public employees also would not be able to access their pension plans until the age of 70

[SaveFerris]

How about cancelling Democrats Chuck Schumer’s and Nancy Pelosi’s $1.7 trillion dollar boondoggle?

[ChildOfThe60s]

Lol, yeah like that’s ever going to happen

[lowbridge]

“Investment”

Real world definition: spend, spend, spend

[griswold3]

Ditto! Also no double dipping!

[for-q-clinton]

Terrible idea to have the gov’t invest in stocks. They will just spend it on green energy stocks and go bankrupt...it’s just another way for them to funnel taxpayer money to their families and donors.

[Twotone]

Apparently the vaccine was not as ‘effective’ as they originally thought.

[frank ballenger]

Rush used to say “Any politician who brings up reduction of Social Security in any way should get a really good head start running from the hordes of angry people behind them.”

[Rurudyne]

If they can’t kill of the poofters with Covid who was it and the vaccines designed to kill off?

Or was it about sterilizing the young?

[rb22982]

Hopefully it just invest in something like SPY or VTI if it does but yes the push for ESG will be huge

[353FMG]

The French government is contemplating doing the same thing. That’s why they have riots in the street. They’re also thinking of making their one-day work week a two-day week (just kidding).

[DesertRhino]

Hey, maybe we should tell them SS retirees are Ukrainians!

[rktman]

How about quit paying zuhlinski unaccounted for money?

[353FMG]

The French government is contemplating doing the same thing. That’s why they have riots in the street. They’re also thinking of making their one-day work week a two-day week (just kidding).

[Jimmy Valentine]

Yes. Given the average length of days, 70 would be about right. Your suggestion about Fed.Gov. employees is right on. A corresponding cut in Congressional percs and benefits would be in order also. Elected office was never contemplated as a 40 year sinecure of money and privilege.

[SPDSHDW]

All they want is for you to die before you see a cent from the tens of thousands they stole from you.

Just like insurance.

[aMorePerfectUnion]

“Leading the efforts are Sens. Bill Cassidy, a Louisiana Republican, and Angus King, a Maine independent who caucuses with the Democrats.

“Semafor and The Hill newspaper reported that other Republicans involved are Sens. John Cornyn, Mitt Romney and Mike Rounds.

…..

Usual traitors.

[KarlInOhio]

$1.5 trillion to use in bad investments, self dealing and as a hammer to every company in the stock market to behave as Washington tells them to. If you fire your DIE coordinator, you'll be removed from the SS fund and your stock will plummet. Maybe you should hire Hunter as a special consultant while you're at it.

Maybe someone could come up with a word for the government ownership of the means of production.

[6ppc]

Negative! It will be a slush fund for politicians, and what if they start using the fund to move markets? Lots of insider info to spread around. It would be a disaster!

[seowulf]

Hey, maybe we should tell them SS retirees are Ukrainians!

Careful. They would probably give them rifles and send them to Ukraine: good cannon fodder.