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SIMPSON BOWLES -- discussion
posted at September 18, 2012 5:14 AM EDT
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Posts: 12532
First: February 29, 2008 Last: May 17, 2013 |
Their solution for Social Security is the longer seniors live..... the more benefits will be cut even though expenses will continue to grow. The retirement age will be around 70 years old and it matters not if you do hard -labor for work or not.....you must climb on those roofs, dig those ditches, wait tables, housekeeping, fly those planes ....whether you develop ailments or not. Alan Simpson and Erskine Bowles; or NCFRR) is a Presidential Commission created in 2010 by President Barack Obama.
Simpson cannot resist mocking SS recipients with meanspirited comments. Simpson called Social Security "a milk cow with 310 million tits!" 'What A Wretched Group Of Seniors You Must Be' Alan Simpson is currently with the Washington Speakers Bureau www.washspkrs.com/ info@WashingtonSpeakers.com |
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Re: SIMPSON BOWLES -- discussion
posted at September 18, 2012 1:04 PM EDT
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to SIMPSON BOWLES -- discussion: Their solution for Social Security is the longer seniors live..... the more benefits will be cut even though expenses will continue to grow. The retirement age will be around 70 years old and it matters not if you do hard -labor for work or not.....you must climb on those roofs, dig those ditches, wait tables, housekeeping, fly those planes ....whether you develop ailments or not. Alan Simpson and Erskine Bowles ; or NCFRR) is a Presidential Commission created in 2010 by President Barack Obama. Simpson cannot resist mocking SS recipients with meanspirited comments. Simpson called Social Security "a milk cow with 310 million tits!" 'What A Wretched Group Of Seniors You Must Be' Alan Simpson is currently with the Washington Speakers Bureau www.washspkrs.com/ info@WashingtonSpeakers.com Posted by JANMB If you want to discuss it, it is better to read it. Here it is - Social Security starts on page 48. Posted on the Government website of "The Fiscal Commission" THE NATIONAL COMMISSION ON FISCAL RESPONSIBILITY AND REFORM BTW, upping the retirement age is quite a ways away as recommended in this report - 69 by 2075. We are already at 66 - soon to be 67 (2017) - Here is the history of the retirement age as you can see it was bi-partisan. Copied and pasted from Heritage Foundation - Social Security Retirement Age History. "Since the program’s inception, the retirement age has undergone only two modifications. The first was the addition of the early eligibility age (EEA) (under which recipients receive partial benefits), which was created for women in 1956 and for men in 1961. The modification for women was motivated by politeness rather than policy considerations: Wives were generally three years younger than their husbands, and a gracious Congress wanted to allow couples to retire at the same time. Men were later offered early retirement as a mechanism to cope with high unemployment by encouraging workers to leave the labor force. The second modification was the increase in the normal retirement age (NRA) from 65 to 67, which was implemented in the early 1980s because Social Security was nearing a point where it did not have the funds to print benefits checks. In 1982, Chairman of the House Ways and Means Subcommittee on Social Security Congressman J. J. Pickle (D–TX) first proposed phasing in an increase to age 68 over a period of 10 years beginning in 1990. Pickle’s proposal was panned at first by Speaker Tip O’Neill in what Time magazine then dubbed “one of the more egregious examples of partisanship.” The Reagan Administration had landed itself in hot water over reform proposals it introduced in 1981, and O’Neill was not inclined to let Democrats absorb any of the heat with a proposal that would reduce benefits. In 1983, when a reform package was signed into law, it was clear that some increase in the retirement age would have to be part of the compromise. The Senate initially passed an increase to age 66, but Pickle was able to push through an increase to 67 in conference committee. Even then, the increase was not scheduled to take effect until 2000, when an increase to 66 was phased in year by year in two-month increments. A further increase to 67 using the same phase-in will begin in 2017." |