Boehner, "Raise SS age to 70"
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You can't call bs unless you propose an alternate solution to the problem. As it stands no one will get benefits by the time I get retirement age because the system will be broke. That is reality.
Is this a new rule? I didn't run for office because I don't claim to have the answers and in this country anyone can question dumb proposals by our elected officials (or proposals by our dumb elected officials). First it was 67 now 70 do you think it will stop there? Twenty years from now it maybe up to 80. Raising the retirement age untill most of those who will be eligible are dead is not an intelligent solution, it's a lazy one.
This is what bother's me about what Mr. Orange said:
(This is from the original article at Obama's good for GOP, Boehner says - Pittsburgh Tribune-Review, emphasis mine)"
He couches raising the retirement age in terms of funding the war in Afghanistan. It's a choice, people - either we can continue to fight terrorism to preserve our way of life, or we can retire someday, but somebody's gotta pony up for the good of these poor defense contractors.
Everything he ever says is all about pushing an agenda. I doubt he could express his own actual opinion about the weather without consulting with the party consultants first.
(This is from the original article at Obama's good for GOP, Boehner says - Pittsburgh Tribune-Review, emphasis mine)"
"Ensuring there's enough money to pay for the war will require reforming the country's entitlement system, Boehner said. He said he'd favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation and limiting payments to those who need them.
He couches raising the retirement age in terms of funding the war in Afghanistan. It's a choice, people - either we can continue to fight terrorism to preserve our way of life, or we can retire someday, but somebody's gotta pony up for the good of these poor defense contractors.
Everything he ever says is all about pushing an agenda. I doubt he could express his own actual opinion about the weather without consulting with the party consultants first.
I'm waiting for them to figure out that if they just raise the retirement age 1 year, every year, they will totally solve any Social Security shortfall issues, Just think what politicians could do with all that extra money in 20 or 30 years. :roll:
Social Security is only supposed to be 25% of your retirement income.
And someone doing hard manual labor from 67-70 has bigger problems than when their full Social Security kicks in. :roll:
And someone doing hard manual labor from 67-70 has bigger problems than when their full Social Security kicks in. :roll:
As this solution follows the original intent of the founding father of Social Security ( FDR) I guess in this instance lazy is better.
I just did a little back of the envelope math, using my own income and the projection SS does for me, and my parent's SS income, knowing what their last working income was, and to save enough money to provide three times SS for 20 years means we would have had to have saved between 10-15 times our annual GROSS income for retirement.
That can't be right....
As this solution follows the original intent of the founding father of Social Security ( FDR) I guess in this instance lazy is better.
You have lost me, please explain.
Why not?
Your salary currently supports you for a year. Retirement planners estimate that you will spend 70-80% of that amount each year while retired. How many years do you plan to be alive, living the same lifestyle, and not working?
And what percentage of your income are you paying to SS?
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