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About LinkBacksIncrease the retirement age to 70 for people who have at least 20 years until retirement, plus tie cost-of-living increases to wages rather than the consumer price index, and limit payments so they only go to people who need them. The current Social Security "normal retirement age" for those born in 1960 or later is 67.
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Thread: Proposed Social Security Fix
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2nd July 2010 02:16 PM #1... Array
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Proposed Social Security Fix
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2nd July 2010 02:22 PM #2Senior Member Array
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You'd be recalled in a day.
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2nd July 2010 02:27 PM #3... Array
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Whats wrong with it?
Originally Posted by YankeeSpirit
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2nd July 2010 02:27 PM #4Master political analyst Array
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Add to that, take the SS funds out of the general fund, place any excess in a diversified stock/bond portfolio run by private enterprise, not the government. Initiate a reasonable timetable for paying back the IOUs issued over the years. Quit handing out SS funds as welfare payments to people who didn't earn them. Make SS a real retirement program. Originally Posted by USA 1
After a few years, it should be possible to reduce the retirement age, and increase the payment without bankrupting the system.
Of course, to do all of that, we would need to have a functional federal government.First, asset forfeiture, then detention without trial, what's next? Suspension of elections?
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2nd July 2010 03:49 PM #5Senior Member Array
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good idea; too leftist for the US, though.
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2nd July 2010 04:21 PM #6Master political analyst Array
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I'm not sure how taking SS out of the general fund and having a private entity to invest the money is leftist. Seems to me like an idea conservatives would come up with. Originally Posted by Sinopec
It was LBJ and his "great society" spending that made it necessary to ste... I mean borrow from the fund to begin with.First, asset forfeiture, then detention without trial, what's next? Suspension of elections?
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2nd July 2010 04:26 PM #7Senior Member Array
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Sorry buddy but the AARP would hunt you down with torches within 24 hours of making that claim. Originally Posted by USA 1
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2nd July 2010 06:28 PM #8Senior Member Array
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I meant the OP. Your ideas are, in all reality, stupid. A private entity to invest government money that millions would depend on for retirement? Beyond stupid. Originally Posted by Dittohead not
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2nd July 2010 06:36 PM #9Senior Member Array
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So it is "government money" that I am paying in every pay period? That is quite frankly ridiculous in the extreme.
Originally Posted by Sinopec
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2nd July 2010 07:07 PM #10Senior Member Array
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yeah, it is. Like a payroll tax. Originally Posted by BoogyMan
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