danielpalos
Diamond Member
- Banned
- #381
unemployment compensation for simply being unemployed, is simpler; existing program participants could have the option of keeping their most cost effective benefits.The Way Forward: Raise The Retirement Age
Raising the retirement age to 70 would back the load down to 9 percent of the population, which is almost on par with 1965.
To get to the 6 percent load of 1935, we would have to raise the retirement age to 75.
When Social Security was enacted, you were not intended to live a long life of retirement on Social Security. Medicare and Social Security were intended as a support, not as a way of life.
We are living longer than our ancestors who gave us Social Security and Medicare. We should be working longer than they did. This is just plain common sense.
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A single bill to raise the eligibility age to 70 would probably very nearly balance the budget without taking a single other action.
Combined with my plan to eliminate tax expenditures in the first in this series, it would be a very simple matter to be running surpluses that could eliminate our debt.
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The Republican tax bill will add to our federal debt. This glaring truth causes the monkeys to slap their hands over their eyes. "We no care bout debt any more!"
Because of PayGo, these deficits caused by the tax bill will have to be paid for by cutting spending on entitlement programs. You know, we have to tear those lazy, shiftless poor people away from their steak and champagne dinners and get them into the fields picking cotton.
But here's a better, saner idea to save our national treasury: Raise the Social Security and Medicare eligibility ages to 70, and index them to 9 percent of the US population.
We are living longer, we should be working longer.
Common sense.
Alllllllllll daaaaaaaayyyyyyyy!