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U.S. business executives call for raising retirement age to 70


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2013 Jan 17, 12:12am   11,862 views  68 comments

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http://finance.yahoo.com/news/u-business-executives-call-raising-232942268.html

WASHINGTON (Reuters) - A business group of top executives on Wednesday proposed reforms to Social Security and Medicare that would raise the enrollment age for both programs to 70.

This strategy for "modernizing and protecting our social safety net" would save $300 billion in Medicare spending over the next 10 years, make Social Security solvent for 75 years and help foster stronger economic growth, the group estimated.

The group would push the age at which full Social Security benefits are paid to 70 for those now aged 54 and under. Currently, the age for collecting full benefits depends on year of birth, Someone born between 1946 and 1953 can take full benefits at age 66. That will rise to age 67 for individuals born in 1960 or after.

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54   marcus   2013 Jan 19, 10:53am  

In a way, I'm flattered that curious2 has so much respect for teachers that he thinks I couldn't be one.

On the other hand, his saying that, is based totally his feelings towards me, rather than on a belief that what I say makes me sound too stupid, or too lazy to be a teacher.

I don't see his comments anymore, but I'm sure that those who do are well aware of some of his emotional challenges.

55   curious2   2013 Jan 19, 11:06am  

marcus says

what I say makes me sound too stupid, or too lazy to be a teacher.

Yes it certainly does, and the tantrums of false accusations and profanity do not reflect the maturity required of a teacher, and especially the logic required of a math teacher.

For example, in one thread, notice who posted the first comment and several others before marcus arrived. Then observe marcus' name-calling tantrum accusing that same person of following him to that thread just to troll him. Marcus never apologized for that, nor for any of his other false accusations no matter how obviously illogical.

Or consider marcus creating a whole additional thread demanding the ignore functionality be changed because he had "ridiculous trouble" opening a separate browser to stalk someone he was pretending to "Ignore." He still does that, replying to my comments while pretending to "Ignore" me.

So yes, those comments and others make it impossible for me to believe his claim to be a teacher. My only feeling about it is amusement. If I actually believed him, and had a kid in his district, I would feel sad. On one point we agree though: I do respect actual teachers. So, perhaps I should appreciate marcus' pretending to be a teacher as an aspirational choice, like a kid wearing a fireman's helmet and making siren sounds.

56   marcus   2013 Jan 19, 11:24am  

Well, I can see this from the front page, even with ignore on

"curious2 says marcus says what I say makes me sound too stupid, or too lazy to be a teacher. Yes it certainly does, and the tantrums of false accusations and profanity do not reflect the..."

If I were curious enough to open another browser, to see the rest of his drivel, and worse if I were to respond, I would probably have him following me around again for a week, talking about how I can't be a teacher, and his other nonsense.

Whatever. What do you want c2 ? My sysmpathy ?

marcus says

I don't see his comments anymore, but I'm sure that those who do are well aware of some of his emotional challenges.

57   curious2   2013 Jan 19, 11:25am  

marcus says

What do you want c2 ?

Either quit pretending to "Ignore" me, or start actually ignoring me, or both.

What do you want marcus? I don't expect an answer though, since that would conflict with pretending to "Ignore" me.

Back to the original topic, if by some incredible mischance marcus turns out to be a teacher, I will retract my disbelief and extend my sincere hope that he can retire early instead of continuing to age 70.

58   monkframe   2013 Jan 19, 12:52pm  

"IF you raise the age to 70, it's going to hurt a lot of people. IT is their fault, but many boomer have not been saving enough. And now, the time when they maybe thought they would really be socking it away, their home values and job prospects dropped, while health care and college for their kids went up"

No, it's not their goddamned fault, it is the mass transfer of wealth upward. Any later retirement age for Social Security will hurt lots of people, but the rentier class will continue to do fine, THANK YOU SUCKERS!

59   HEY YOU   2013 Jan 19, 1:09pm  

"raising retirement age to 70" for all Republicans,Conservatives & Tea Baggers. Bet you RCTBs didn't think it would affect you. Still for Big Business?

60   New Renter   2013 Jan 19, 1:41pm  

Kevin says

Why would we lower the retirement age? People should be engaged in something productive for as long as physically possible. Ceasing to work is to cease to live.

Ah yes, I think I've heard this kind of talk before:

Yep, that's it!

But seriously Kevin, there is far more to life than "work" . If you think "work is life" you REALLY need to get out more.

61   New Renter   2013 Jan 19, 1:45pm  

marcus says

No offense, but you aren't worthy of the name "the professor."

Smoke some serious product - he'll make more sense that way

62   nope   2013 Jan 19, 1:45pm  

New Renter says

Kevin says

Why would we lower the retirement age? People should be engaged in something productive for as long as physically possible. Ceasing to work is to cease to live.

Ah yes, I think I've heard this kind of talk before:

Yep, that's it!

HEY YOU KNOW WHO ELSE ATE FOOD AND BREATHED AIR? NAZIS!

Dumb fucking arguments are for dumb fucking people.

63   Vicente   2013 Jan 19, 2:36pm  

curious2 says

For AFDC/TANF and other public assistance families, kids can be a revenue source, and they are also reproducing and demanding more $ from government.

This is playing to the Idiocracy Myth, which comes from the Welfare Queen Myth. It boils down to assuming poor people are genetically inferior and will drag down humanity by outbreeding the superior Whites.... excuse me I mean their betters. In fact poor kids generally speaking aspire to chase the American Dream just like others in their cohort. Doesn't every other RICH FATCAT have an Origin Myth about how they started their life living in a dirt shack and look how far they've come?

64   curious2   2013 Jan 19, 2:56pm  

Vicente says

This is playing to the Idiocracy Myth, which comes from the Welfare Queen Myth. It boils down to assuming poor people are genetically inferior and will drag down humanity by outbreeding the superior Whites.

Can you cite any sources or explain what you mean? How do you get from the observation that the middle class aren't keeping up with replacement rate to a conclusion that whites are genetically superior? Even after reading several articles on this topic, I haven't seen anyone but you jump to a conclusion anything like that. Most articles that do mention race in this context focus on the significant drop among immigrant women, most of whom are Hispanic.

65   New Renter   2013 Jan 19, 3:08pm  

Kevin says

New Renter says

Kevin says

Why would we lower the retirement age? People should be engaged in something productive for as long as physically possible. Ceasing to work is to cease to live.

Ah yes, I think I've heard this kind of talk before:

Yep, that's it!

HEY YOU KNOW WHO ELSE ATE FOOD AND BREATHED AIR? NAZIS!

Dumb fucking arguments are for dumb fucking people.

Wow, musta struck a nerve there!

66   Vicente   2013 Jan 19, 4:42pm  

curious2 says

How do you get from the observation that the middle class aren't keeping up with replacement rate to a conclusion that whites are genetically superior?

Your post seemed to me to take the usual "welfare queen" tack, that unfit parents were being assisted to breed more unfit children, and soon we'd be drowning in welfare brats. Like rabbits.

People are not rabbits. Many successful adults came from poor backgrounds.

Frankly it is nonsense that the middle class will be "outbred" and cease to exist. Pure nonsense. The middle class might be compressed due to economic pressures, but AS A CLASS would always exist no matter which set of individuals composed it.

I'm not sure why it's so American to assume that you ARE in fact middle class, or should aspire to be labelling yourself that. I'm a citizen of the United States, I aspire to live a useful and interesting life not belong to a particular class.

67   curious2   2013 Jan 19, 6:31pm  

Vicente says

Your post seemed to me

That probably says more about you than about the post itself. You still haven't cited any sources. In any event, as you seem to understand, the "middle" must inevitably exist. Yet, there can be significant variations in the shape of distribution, from hourglass to pyramid to circle. Many have observed a change in shape, although you seem alone in projecting your particular choice of color onto it.

68   nope   2013 Jan 20, 10:58am  

There is no need for a middle to exist. It's quite possible for there to be zero people making a certain income range. Say 1% of the population makes over a million per year while 99% makes just enough to not starve.

But 'middle of the income range' isn't what defines the middle class anyway.

The term first came in to use to describe people who had money, but acquired it through building up businesses rather than the inherited wealth of the aristocracy.

As the aristocracy disappeared, it came to mean a person who was able to live comfortably, but was dependent on their labor (business income or salary) to maintain their quality of life. The upper class isn't dependent on their labor (and, in many cases, isn't even dependent on income of any sort). The lower class lives hand to mouth (or "paycheck to paycheck").

So, yeah, somebody making $400,000 a year without any meaningful assets to fall back on is still middle class, despite having higher income than 99% of the population.

That group of well off but wage dependent people could disappear, but they probably won't.

Vicente says

I'm not sure why it's so American to assume that you ARE in fact middle class, or should aspire to be labelling yourself that.

Simple: Nobody wants to be seen as a member of the aristocracy, but nobody wants to be poor, either.

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