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- Oct 10, 2009
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The 65 year old of today is in better health than the 55 year old of 1935, when SS was created.I agree with increasing the Social Security and Medicare ages. They should be raised to 70. We are living longer, we should be working longer. Common sense.We are roughly $22 trillion in debt and adding about $1 trillion per year.
My solution is to cut SPENDING BY 20% across the board immediately.
2020 budget is $4.7 trillion. For 2021, it should be $3.8 trillion. Then 10% reduction for 2 years. 2022: $3.4 trillion, 2023: $3 trillion. Then hold, it at $3 trillion until the debt is paid off.
Also, 20% flat tax on every dime earned over $20,000 in America, period. No deductions.
If we don’t get this shit handled, it’s going to crash and these wussy millennials and Igens will be eating out of garbage cans.
This is an INEVITABILITY. IT NEEDS TO BE DEALT WITH NOW.
This is much more dangerous to our economy than cow farts.
So, what is your solution?
If you are an NPC leftist that is just going to post, “Orange Man Bad!”, don’t waste your time.
Give specific number or get lost.
Yes, I am mad at Trump ford signing the past 2 budgets. He should have fired ALL NON ESSENTIAL GOVERNMENT WORKERS.
#1) Increase the retirement age
#2) Cut Medicaid
#3) Eliminate as best you can the fraud in the system
#4) Eliminate pensions for Gov't employees.
By eliminating tax expenditures and raising the retirement age to 70 (indexed to 9 percent of the population going forward), we would have a massive surplus with which to pay down debt and lower tax rates.
No other cuts would be necessary.
I agree with increasing the Social Security and Medicare ages. They should be raised to 70.
Not that easy Jake. Been over and over this. Case by case basis when someone could need to go on SS. You don't want some 70 year old driving 18 wheelers or roofing. Get the social eng out of GOVT. you can't tell some 63 year old when his hips hurt too bad from sitting 50 years, commuting-working. It was his money taken from him.
Eliminate SS for the young may be better? Others will die off.
As a matter of fact, we have 80 year olds driving 18-wheelers.
The Social Security eligibility age has always been tilted against blue collar workers. When Social Security was enacted, the average life expectancy was 60. Social Security was for those who were the exception, not the norm.
Only 5.4% of our population lived beyond 65 back then. Today, it is 15%. This is an unsustainable trend.
Again, it is plain common sense that if we are living longer, we should be working longer.
Wrong! Productivity & GDP growth should have everyone retiring earlier. Government slashed taxes & increased spending stealing all the value from savers, currency & SS trust fund. Their annual 2.2+% inflation target stole 99% of the money we put away for retirement when we started working 40+ years ago. The value of our SS trust & savings account should have grown 8% a year instead of declining 2,5%. Government has been stealing that 10.5% a year so workers could not afford to retire, Therefore the Government will have to support them!
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