Oh this is rich ....kentuck (1000+ posts)
Mon Mar-29-10 10:05 AM
Original message
Would you support raising the retirement age for Social Security?
I heard it mentioned on C-SPAN this morning, as a way to save the program.
That may be fine for some people that are able and wish to work until they are 70 or older. However, there are many people that are not able to work. And even if able to work, how are they supposed to find work in this economy? Employers do not want to hire people over 55, let alone over 65.
This will be my line in the sand for the Democratic Party. If they raise the age limit, rather than the income limit, they have lost me. I cannot support such an idea.
calico1 (1000+ posts)
Mon Mar-29-10 10:13 AM
Response to Original message
7. To what? Ninety?
At the rate they are going we will all be dead before we can start collecting.
Yeah, it sucks when you can't use your own money to retire when you want huh?
Bluzmann57 (1000+ posts)
Mon Mar-29-10 10:14 AM
Response to Original message
9. NO!!!!!!!!!!!!!!!!!!!!!!!!!
I am middle aged and have no intention of working the rest of my life. I have paid into this system since I was 16 and at the risk of sounding selfish, I want my share and I want it sooner rather than later.
See my response above.
AngryAmish (1000+ posts)
Mon Mar-29-10 10:33 AM
Response to Reply #9
31. You realize you get all you paid in in 4 to 4.5 years, right?
If life expectancy at 67 is 10 years, then you have over five years of freeloading there.
Uh oh. Some one is sticking a hive here ....
MajorChode (1000+ posts)
Mon Mar-29-10 11:27 AM
Response to Reply #44
67. I've done the math an it's not that simple
The more FICA you pay, the larger your annuity check becomes, however the formula is not linear. The more you make, the less you receive as a function of what you paid. So if you take the example of someone who made say $20K for 40 quarters, and then started drawing their SS annuity, it wouldn't take long for them to recoup what they paid. However, if you consider someone who worked for over 40 years and paid the SS maximum for say 30 of those years, they would probably not live long enough to even get out what they paid, much less see any of those freeloading years.
Hmm a little truth ....
Lerkfish (1000+ posts)
Mon Mar-29-10 11:06 AM
Response to Reply #31
60. freeloading? Ive been paying into it since 1970--
**** your "freeloading" attitude. Its MY MONEY.
Oh yeah?! If it's YOUR money then .... go get it. Tell me how that works out for you.
jgraz (1000+ posts)
Mon Mar-29-10 10:25 AM
Response to Original message
20. Or... we could just stop stealing from the trust fund to finance wars and tax cuts.
That would also "save" the program.
OR we could just scrap SS and we could all take care of our own retirement and not let the gov't have our money to begin with.
fasttense (1000+ posts)
Mon Mar-29-10 10:28 AM
Response to Original message
22. Thanks to Raygun and Greenspan the age limit has already been raised to 70.
The earliest I can retire is at 62 BUT I take a cut in my benefits of 43%. If I retire at age 66.5, I take a cut of 22%. I DO NOT GET MY FULL BENEFITS UNLESS I WAIT UNTIL I REACH 70 YEARS OLD.
I've been paying in for 38 years now and I'll probably only live to 75. So, I pay in for 52 years and get back full benefits for only 5 years.
Where have you been these last 30 years the age limit has already been raised.
OR we could scrap SS where you can retire when you .... never mind. It is over all of the DUmmies heads. I'll leave it at that. There is more at the link.
KC
