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Jeb Bush wants to push back the retirement age for Social Security by as
many as five years. Instead of allowing Americans to collect full benefits at age 65, the former Florida governor and likely GOP presidential candidate suggested on Sunday that it should be pushed back to 68 or 70. “I think it needs to be phased in over an extended period of time,” he said on CBS’s “Face the Nation.” “We need to look over the horizon and begin to phase in, over an extended period of time, going from 65 to 68 or 70,” he added. “And that, by itself, will help sustain the retirement system for anybody under the age of 40.” http://tinyurl.com/ow9en5j - - - - In typical dumbass Bush family fashion, Jeb is misinformed. The retirement age can't be raised from 65, because it's already 66, and is already slated to rise to 67 for those born in 1960 or later. There is actually a very simple way to insure funding for Social Security - just raise the amount of earnings subject to taxes. In fact, just eliminate the "lid," and make all earnings and investment income subject to the Social Security tax. As far as raising the retirement age further, that might work for people with desk jobs, but it seems rather cruel to be telling physical laborers to work until 70. Also, while the average lifespan has gone up, lower income Americans have shorter lifespans and do not stay healthy for as long on average, so they are less likely to be able to work into their late 60s. Further, with the high cost of living, the shift of wealth from the middle class to the wealthy, and the elimination of real pensions, Bush's idea will just be another way to make life harder for those in the middle and lower income levels. Bush should stick to talking about those areas in which he has expertise...as soon as he finds them. |
#2
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On 6/2/2015 8:16 AM, Keyser Söze wrote:
Jeb Bush wants to push back the retirement age for Social Security by as many as five years. Instead of allowing Americans to collect full benefits at age 65, the former Florida governor and likely GOP presidential candidate suggested on Sunday that it should be pushed back to 68 or 70. “I think it needs to be phased in over an extended period of time,” he said on CBS’s “Face the Nation.” “We need to look over the horizon and begin to phase in, over an extended period of time, going from 65 to 68 or 70,” he added. “And that, by itself, will help sustain the retirement system for anybody under the age of 40.” http://tinyurl.com/ow9en5j - - - - In typical dumbass Bush family fashion, Jeb is misinformed. The retirement age can't be raised from 65, because it's already 66, and is already slated to rise to 67 for those born in 1960 or later. There is actually a very simple way to insure funding for Social Security - just raise the amount of earnings subject to taxes. In fact, just eliminate the "lid," and make all earnings and investment income subject to the Social Security tax. As far as raising the retirement age further, that might work for people with desk jobs, but it seems rather cruel to be telling physical laborers to work until 70. Also, while the average lifespan has gone up, lower income Americans have shorter lifespans and do not stay healthy for as long on average, so they are less likely to be able to work into their late 60s. Further, with the high cost of living, the shift of wealth from the middle class to the wealthy, and the elimination of real pensions, Bush's idea will just be another way to make life harder for those in the middle and lower income levels. Bush should stick to talking about those areas in which he has expertise...as soon as he finds them. You should avoid giving advice to successful folks until you become successful and expert at something,,,,,anything. -- Respectfully submitted by Justan Laugh of the day from Krause "I'm not to blame anymore for the atmosphere in here. I've been "born again" as a nice guy." |
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