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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

Posted on 03/01/2023 4:17:05 PM PST by artichokegrower

click here to read article


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To: artichokegrower

What’s the problem? They didn’t believe Gore’s “lock box” lie?


41 posted on 03/01/2023 4:53:07 PM PST by Thank You Rush
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To: frank ballenger; Twotone; Nextrush
The "tell" for the American Elites having all the kinks in their "election" rigging worked out will be the SocSec geezers being thrown under the bus.

Because the geezer "vote" won't matter any more.

42 posted on 03/01/2023 4:54:22 PM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: COSIllinois; Starboard; WKUHilltopper

Yep let me know when they cut the myriads of social service programs.


43 posted on 03/01/2023 4:54:59 PM PST by AbolishCSEU (Amount of "child" support paid is inversely proportionate to mother's actual parenting of children)
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To: artichokegrower

Seems the Dems are using Senior Citizens as their scapegoat for poor financial planning and the coming financial distress the American taxpayer will experience.


44 posted on 03/01/2023 4:56:48 PM PST by chopperk ( )
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To: artichokegrower

Raise the age until no one can collect. Those 70 year old coal miners and plumbers will be happy to retire.


45 posted on 03/01/2023 4:57:47 PM PST by kabar
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To: artichokegrower

Which one of their multiple government pensions? Many in government have earned a number of pensions.


46 posted on 03/01/2023 5:00:58 PM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting)
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To: artichokegrower

If they invested in the market they may be able to leave the retirement age alone.

If the market tanks it doesn’t matter because it’s the government and they can just borrow more money like they always do.


47 posted on 03/01/2023 5:18:34 PM PST by plain talk
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To: artichokegrower

Why are we getting this information from a British rag sheet? Don’t the British have enough problems of their own to report on? You notice they NEVER talk about public welfare assistance running out of money.


48 posted on 03/01/2023 5:18:51 PM PST by Flavious_Maximus (Tony Fauci will be put on death row and die of COVID!)
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To: zeestephen; Lazamataz

We are in sooooo much trouble...


49 posted on 03/01/2023 5:25:07 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: for-q-clinton

It would be mismanaged, no doubt. Money sent to Ukraine.. something stupid.


50 posted on 03/01/2023 5:32:58 PM PST by virgil (The evil that men do lives after them )
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To: artichokegrower

lol invest in stocks? how about Treasury Bills and bonds?


51 posted on 03/01/2023 5:34:50 PM PST by rolling_stone
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To: SaveFerris

Raising the retirement age to 70 is unacceptable. Getting hired past 60 is nearly impossible in America. They are stone-cold screwing us.


52 posted on 03/01/2023 5:39:32 PM PST by Lazamataz (The firearms I own today, are the firearms I will die with. How I die will be up to them.)
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To: for-q-clinton

“Terrible idea to have the gov’t invest in stocks.”

That is for sure.

While a lot of folks here think stocks are great based on decades of high growth there are serious issues:

—You can trust the CPA auditors of these firms as far as you can throw them. They are afraid of losing large clients and will find ways to keep them happy including clever footnotes and vague language that hides material problems.

—Corporations are deep into “equity” hiring after decades of affirmative action. That combined with baby boomer retirements has created a “brain drain” of critical skilled workers in almost every field. Senior management will be very slow to figure out the problems and even slower to disclose problems to shareholders.

—These days almost every industry is buried in government regulations and red tape that make them very inefficient and much more vulnerable to negative market factors.

—New technology has taken down a lot of companies and will take down a lot more. Many stocks are less than a decade away from having zero value.

—It has been almost one hundred years since a good old fashioned market killing depression. We are due.


53 posted on 03/01/2023 5:41:07 PM PST by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: artichokegrower

Why don’t these f’n scumbags who hate American people stop sending our taxpayers money to foreign countries that hate us?


54 posted on 03/01/2023 5:42:22 PM PST by kenmcg (ti hi o)
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To: artichokegrower

If the government needs to raise more money I suggest they start a national lotto in which the winner gets to slap the politician of their choice. $20-100/ticket (higher dollar amounts for senators, department heads, and agency heads. Each specific politician can only be slapped once per month. I’m sure millions would participate. Include the house and senate, big city mayors, governors, state senators, and also open it up to federal department heads and agency heads.

Hold drawings every week. 52 drawings/year, probably at least 10,000,000 tickets sold per drawing, so at an average of say $40 a pop this comes out to $20.8 billion/year. AND, it would bring national happiness.


55 posted on 03/01/2023 5:44:47 PM PST by neverevergiveup
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To: desertsolitaire

I’m not gonna say because they weren’t vaccinated but that their immune systems were probably not accustomed to having frequent crutches to lean on in the form of flu vaccines AND perhaps more important is living with dirt, with nature, rather than (in the extreme) surrounded by a clean and gleaming cities of tomorrow.


56 posted on 03/01/2023 5:46:41 PM PST by Rurudyne (Standup Philosopher)
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To: Lazamataz

I was pretty much burned at 50

All kinds of rude awakenings. I always thought my resume would keep me employed.

Then W broke everything and it was:

America Last and

Americans Last

Then the Manchurian Candidate....

Oy vey


57 posted on 03/01/2023 5:47:00 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Lazamataz

(They are stone-cold screwing us.)

Absolutely.


58 posted on 03/01/2023 5:48:10 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: artichokegrower

Since the average age of death keeps decreasing, looks like government could save a lot of money. Plus, they’ve got Covid-19 mortalities (!omg term after vaccine). Plus, HIV causes premature aging of 14 years, so they’re all gonna die early. Killing off population is one way to save money on social security.


59 posted on 03/01/2023 5:48:20 PM PST by NetAddicted (MAGA2024)
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To: Rurudyne
We likely have yet to begin to see the true carnage which they have wrought.
60 posted on 03/01/2023 5:48:40 PM PST by Radix (The perfect Tag Line is recognized by its conciseness and brev)
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