View Poll Results: Should SSI Retirement Be Set At 70?

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  • Yes

    14 29.17%
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    28 58.33%
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Thread: Should Retirement Age Be Raised to 70?

  1. #1
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    Should Retirement Age Be Raised to 70?

    Boehner seems to think so: Boehner: Raise Social Security retirement to 70 and means-test benefits -

    Of course he would raise it to 70 though, the guy is half retired already! He only has to work for 3 weeks (if Republicans get their way this year) for the rest of the year, and he gets plenty of golf time already so who cares?

    Me? I want to be working and not be able to enjoy grand kids, great grand kids, or life at all when I'm older. I want to make sure I work my dick straight into the ground.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Should Retirement Age Be Raised to 70?

    What I would rather happen is that the money that people pay into SS actually go into it instead of being turned into T-bills. If the Republicans and Democrats would just use the money paid into Social Security for Social Security payouts instead of paying for other government programs, we wouldn't have to raise the retirement age.

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    Re: Should Retirement Age Be Raised to 70?

    Well, the problem is. People are living longer and the number of old people is multiplying. That's going to cost a lot of money. Still I think US can increase it to 67 for the moment and still be fine. In the US a lot of people are quite unhealthy, so they don't become very old. I mean, we lived till we were 65 in the 1950s and today americanse live till they are 68, so it makes sense that the retirement age should go up as well.

    However in European countries and especially in the asian counties, they should increase their retirement age. The French can't afford to have people retire when they are 60 years old, but live till they are over 80 years old. Also they get fewer children, hence there will be less young people to support the old.
    Last edited by Camlon; 08-10-10 at 05:46 AM.

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    Re: Should Retirement Age Be Raised to 70?

    The way things are as of now I would have to agree with Samsmart.




    But what I would like to see is Social Security abolished along with the "retirement age".
    Last edited by Johnny; 08-10-10 at 05:55 AM.
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    Re: Should Retirement Age Be Raised to 70?

    We have to raise it because the projections are that it will grow beyond the amount of money we take in for it, eliminating the excess they use for general funds and eating into the budget. Raising the age to 70 will reduce the costs and grow the revenue. It will still grow, but be paid for for longer. The next beast to tackle will be Medicare, which is growing faster than SS.

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    Re: Should Retirement Age Be Raised to 70?

    Yes, the retirement age needs to be raised, at least to 70, and we need to start having many more children.

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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by reefedjib View Post
    We have to raise it because the projections are that it will grow beyond the amount of money we take in for it, eliminating the excess they use for general funds and eating into the budget. Raising the age to 70 will reduce the costs and grow the revenue. It will still grow, but be paid for for longer. The next beast to tackle will be Medicare, which is growing faster than SS.
    Unless we stop the practice of turning funds paid into SS into T-bills it's not going to matter how much we raise the retirement age - there won't be enough funds in SS because they all get spent to pay for other things.

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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by reefedjib View Post
    We have to raise it because the projections are that it will grow beyond the amount of money we take in for it, eliminating the excess they use for general funds and eating into the budget. Raising the age to 70 will reduce the costs and grow the revenue. It will still grow, but be paid for for longer. The next beast to tackle will be Medicare, which is growing faster than SS.
    It will, but it's not what is driving the cost up. After what I have seen there are two factors thst drive cost up. Overconsumption and the lack of cost reducing incentives drive the cost up in health care. Also, schools are using too much money on non-school related stuff, like baseball field, indoor swimming hall, tennis courts, football field, track field, etc.

    I think going for 70 years is taking it too far, because if the life expectancy is 78, then a lot of people will die straight after retirement and also a lot of people are not able to enjoy their retirement because they are too old.
    Last edited by Camlon; 08-10-10 at 06:12 AM.

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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Korimyr the Rat View Post
    Yes, the retirement age needs to be raised, at least to 70, and we need to start having many more children.
    Who can afford it?

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    Re: Should Retirement Age Be Raised to 70?

    Quote Originally Posted by Korimyr the Rat View Post
    Yes, the retirement age needs to be raised, at least to 70, and we need to start having many more children.
    or increase the number of tax-paying legal immigrants.

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