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To: Alberta's Child

I think raising the retirement age to 69 by 2075 is too little, too late.


13 posted on 12/02/2010 10:56:35 AM PST by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
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To: WOBBLY BOB
The details aren't as important as the acknowledgment that they WILL change. The retirement age is going up, and it's probably going to happen a lot faster than anyone anticipates.

Something to keep in mind here is that there's a whole other side to this equation that's part of the plan, too. In addition to raising the retirement age, there's no question that the U.S. government will be reducing Social Security outlays by reducing cost-of-living adjustments (COLAs) -- either directly, as stated in this commission's recommendations, or indirectly, by artificially understating the inflation rate every year as they've been doing for the last couple of years.

15 posted on 12/02/2010 11:08:14 AM PST by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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