Originally posted by Bela Bardak:
I used to worry about such things........
Back when I thought it might do some good.... It's too late now. The fact is that the system is going to continue to drain us until the kids cut it off - probably just before I retire.
The fact is that when the retirement age was set most people didn't make it that long. And if they did it was only for a year ot three beyond age 65. Now the SS taxes are up 10 times or more and are used to finance golfing retirements of 20 years or more. Right now I see no way for me to retire unless things change drastically. Most of us are going to revert to the human norm through the ages, retirement coming with death.
If you want to clean things up the standard retirement age needs to be set back to something like age 72 or so possibly with some subsidy for older workers to pay the difference in health insurance costs.
But things aren't painful enough yet, so we'll keep going along until they are. In the mean time we need jobs and economic growth and the current deficits we're running help with both of those.