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View Diary: The "Fiscal Cliff" and the Coming Retirement Crisis of the Middle Class (90 comments)

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  •  Retire at 55 (0+ / 0-)

    The easy answer is that the government should increase Social Security benefits by 15% and lower the eligibility age to 55. The payoff would be immediate and very positive. I believe that Obama will propose this to Congress in the next few weeks.

    "I'll believe that corporations are people when I see Rick Perry execute one."

    by bink on Thu Jan 03, 2013 at 06:57:03 PM PST

    •  No chance of Obama making this proposal... (4+ / 0-)
      Recommended by:
      Sunspots, Alumbrados, Joe Bob, Mr Robert

      ...I just can't see him making such an unexpected move and going against the Beltway conventional wisdom.

      Aside from that, where would the money come from to pay for such a change?  Simply eliminating the cap on the payroll tax would keep the Social Security at the current benefits level solvent, but wouldn't pay for such an expansion of benefits.

      A more useful alternative would be to drop the eligibility age for Medicare to 55.  Unfortunately, money issues again come up, and I can't see the president going against the Beltway CW on this anymore than on your idea.

      Political Compass: -6.75, -3.08

      by TexasTom on Thu Jan 03, 2013 at 07:08:03 PM PST

      [ Parent ]

    •  Why do you believe that, bink? (4+ / 0-)

      I am genuinely curious...

      I believe that Obama will propose this to Congress in the next few weeks.

      It is time to #Occupy Media.

      by lunachickie on Thu Jan 03, 2013 at 09:31:43 PM PST

      [ Parent ]

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