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US243 - Increase Retirement Age for Social Security
| The retirement age for Social Security should be slowly increased to account for increases in longevity | |
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Description
For future generations of seniors, Mitt believes that the retirement age should be slowly increased to account for increases in longevity. With this step and lower benefits growth rate for those with higher incomes, and no change in benefits for those at or near retirement, America can guarantee the preservation of the Social Security system for the foreseeable future. Mitt is committed to saving Social Security. He will ensure that America honors all of its commitments to today’s seniors and strengthens the program so that it is financially secure for future generations.
Source: mittromney.com
Counterarguments
The best way to "guarantee the preservation of the Social Security system for the foreseeable future" is to REMOVE THE WAGE CAP, so that ALL earned income is taxed, NOT just the first $106,800. Increasing the retirement age, given the GHASTLY state of healthcare in this country is an EXTREMELY BAD idea.
My opponent and like minded Republican leaders have advocated the need to cut Social Security benefits or raise the qualifying age as a way to bolster the Social Security Trust Fund. There is no need to implement such risky schemes and extreme proposals. The Social Security Trust Fund is solvent and is able to pay 100% of benefits through 2036.
Source: lingenfelderforcongress.com
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