auditor0007
Gold Member
Raise the Social Security and Medicare eligibility ages to 70I can easily balance the budget without raising taxes.
1. Raise the Social Security and Medicare eligibility ages to 70, with the eligibility age indexed to 9 percent of the population going forward. We are living decades longer than our ancestors, we should be working longer.
2. Ban all tax expenditures. Deductions, credits, subsidies, boondoggles, carve-outs, whatever you want to call them. Ban them. Every dollar of credit, subsidy, deduction given to someone has to come out of someone else's pocket or be borrowed from China, Japan, the Fed, etc.
3. Bring Defense spending back to Cold War levels. We have not spent this much on Defense since WWII. We are not in a World War, and we are not facing an existential threat as we did during the Cold War.
There. Not only would you not have to raise taxes, you could actually lower tax rates. For everyone.
hey G....what if you just happen to have a physical job that takes a toll on your body and doing it up till 70 just may not be very realistic?.....not everyone sits behind a desk all day....
Actually, 70 may be a bit low.
70 is actually a very good number. For those who are physically unable to work to age 70, their is disability. The biggest problem with raising the eligibility age for Medicare is that employers are not going to want to foot the healthcare bill for those 65 to 70. This is why employer based health insurance is a bad idea. Employers pay their rates based on the average age of their employees. Having an older work force within a given company raises those rates considerably. Wanting to raise the retirement age and actually making it workable are two completely different things. If this is the route we are looking at, then something will have to change with employer based health coverage.