g5000
Diamond Member
- Nov 26, 2011
- 125,255
- 68,971
This is one thing in which I am in total agreement with the handful of Republicans advocating for raising the retirement age.Amid House Speaker Chaos, GOP Confess Attack on Social Security, Medicare Still Top Priority
Don't forget what these criminals stand for. They'd see all seniors eating cat food so their beloved donors could add another million to their swiss accounts.
And if Gym Jordan is one of them, then by golly stop the presses because I agree with him.
I've been saying it for far longer than they have.
We are living longer than our ancestors. We should be working longer than they did. This is just plain common sense.
Look, when SS was enacted, only 5.4 percent of the population was over 65. The average life expectancy at the time was 60. Social Security was intended for those few Americans who beat the actuarials.
In 1965, when Medicare was added to retiree benefits, 9 percent of the population was over 65.
Today, 16.8 percent of the population is over 65.
Anyone with a lick of common sense can see this trend is unsustainable. A smaller and smaller percentage of the US population is supporting a larger and larger percentage. This is a phenomenon breaking the budgets of governments all over the developed world.
We need to raise the Social Security and Medicare eligibility ages to 70, which is currently 9 percent of the population. Then we need to index the retirement age to 9 percent of the population going forward.
Just think what would happen if modern medicine continues its miraculous achievements of life extension and we all live to 100. Do you really think we should be living on SS for a THIRD of our lives?