- Joined
- Mar 11, 2009
- Messages
- 41,104
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- Location
- South Carolina
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- Conservative
Most people outlive the amount they paid in and the interest that would have accumulated on that money. If we limited it to you get what you paid in with interest, there would never ever be a solvency issue. Whether you like it or not, the reality is that a big chunk of the money people feel they earned and are entitled to is money they did not earn and are not entitled to and eventually the amount going out exceeds the amount coming in. In addition others draw of that same money like spouses and disabled children. It is nothing more than a welfare program hidden behind a separate tax line on your paystub. If we wish to keep it, then it will have to be substantially reformed and means-testing is a more reasonable approach than raising the retirement age to 80.
I don't think age 80 is anywhere near on the table is it? I thought they were discussing 67...