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TheMastersNemesis

(10,602 posts)
Fri Feb 9, 2018, 09:12 AM Feb 2018

GOP Wats To Cut Social Security/Medicare By Raising Eligibility To 70 Or More..

Future generations will be expected to retire later and will be coerced to wait until 70 or more to get the same benefits their parents got. It is a back door way to cut benefits. The argument is tat since people live longer they don't need these programs until they are much older.

If you follow the Ivanka Rubio idea of delaying retirement benefits if you take parental leave or get some other government benefit like medical leave that idea is what the GOP wants. In their mind Social Security would be an asset you can borrow against by delaying your benefits.

The GOP wants to go back to a time in the early 1900's where there IS NO RETIREMENT SYSTEM. Retirement would be a totally self funded benefit. It is about making having a 401K as the only vehicle for the later years.

The GOP believes that a 401K will be enough to fund one's entire retirement. The stock market will make most workers millionaire with 30 or 40 years of saving. That goal is their ultimate mission.

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GOP Wats To Cut Social Security/Medicare By Raising Eligibility To 70 Or More.. (Original Post) TheMastersNemesis Feb 2018 OP
A guest on CNN just said the same thing about BigmanPigman Feb 2018 #1
When do they propose bringing back the work houses? chuckstevens Feb 2018 #2
Their hope is many people wont live to that age. Im 65 and have lost friends livetohike Feb 2018 #3
The GOP doesn't give a fuck about our seniors. IluvPitties Feb 2018 #4
It's far worse even than it sounds! People ARE living longer. Hortensis Feb 2018 #5
And What Do These Economic Geniuses Think Will Happen. . . ProfessorGAC Feb 2018 #6

BigmanPigman

(51,626 posts)
1. A guest on CNN just said the same thing about
Fri Feb 9, 2018, 09:16 AM
Feb 2018

S Security and Medicare while discussing the "happy GOP budget deal".

 

chuckstevens

(1,201 posts)
2. When do they propose bringing back the work houses?
Fri Feb 9, 2018, 09:17 AM
Feb 2018

This will be an 2018 Election Winner! NOT!

The Democrats need to scare the hell out of Baby Boomers with this idea!

livetohike

(22,157 posts)
3. Their hope is many people wont live to that age. Im 65 and have lost friends
Fri Feb 9, 2018, 09:20 AM
Feb 2018

and family who didn’t live long enough to collect. Republicans are evil.

Hortensis

(58,785 posts)
5. It's far worse even than it sounds! People ARE living longer.
Fri Feb 9, 2018, 09:27 AM
Feb 2018

But will that longer allow them to remain in their own homes, maybe even enjoy those years a bit, or will it require moving to a rental in some low-end neighborhood after thei rhomes are sold to pay for food and medicine?

Notably, while the wealthy pass on estates tax-free to their children, this plan would gut the large base of inheritances that pass some degree of today's economic wellbeing on to our children and grandchildren.

And one guess in WHOSE pockets most of the personal wealth we used up instead of passing on to our loved ones would end up?

COUNTDOWN to saying BIG NO to Banana Republicans: 270 days

ProfessorGAC

(65,159 posts)
6. And What Do These Economic Geniuses Think Will Happen. . .
Fri Feb 9, 2018, 09:27 AM
Feb 2018

. . .to the unemployment level. Part of getting young people into good jobs is that older people leave them voluntarily upon retirement.

Now, you cut 8% of the attrition. UE goes up. People get on UE insurance. Or they get poor and die of hunger.

Nice example of long range thinking.

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