U.S. business executives call for raising retirement age to 70
Source: 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 but not raise Social Security taxes paid by upper-income Americans.
The Business Roundtable, which represents more than 200 chief executives from some of the largest U.S. corporations, also urged Congress to add a "premium support" mechanism to Medicare, peg Social Security cost-of-living adjustments to a lower inflation gauge and raise Medicare charges for wealthier beneficiaries.
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 proposals come as President Barack Obama and Congress prepare for an intensive new round of deficit-reduction talks. Safety net programs including Social Security and Medicare are likely to take center stage.
Read more: http://www.reuters.com/article/2013/01/16/us-usa-fiscal-entitlements-idUSBRE90F1MY20130116
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sons-of-bitches to propose a minimum age of 75, for that would save even more money. Hell, a minimum of 80 would save even much more. When considering these proposals in the context that those relative few who own most of the nation's wealth were, for the most part, accumulating said wealth during a period of time when the tax code was wholly inequitable and regressive meaning a substantial portion of this wealth was accumulated at much lower tax rates than most lower-earning people were paying. The brazen cravenness shown by these sons-of-bitches is stark, for their pitch is antithetical to every principle on which this nation was founded. 
I manage my mom's finances and due to her age and illness, we have to hire round-the clock help (or else I would not be able to work outside the home), which now has nearly bankrupted her. I do not like paying the FICA tax at all, although I understand the necessity. We are not a big corporation, just an elderly woman who has to have home health care.
What I REALLY don't like is the repukes' use of the term "entitlements." Yes, our employees are entitled to unemployment benefits because we pay for it. The pugs make it sound like it's THEIR money employees must draw on. 
workers, then be adrift for 4 years. Another despicable tactic to keep those who earn more from paying their fair share.
Last edited Thu Jan 17, 2013, 08:11 AM - Edit history (1)
Go "F" yourselves, you shitheads! 
Fine, let them do so.
They aren't the ones Social Security was intended to help. And many workers will be dead before the age of 70, so who are they to declare they should work until they drop dead - because that's what this means for people they don't know. It's the same arrogant, irresponsible logic as an the anti-abortion crowd.
Don't like abortion or birth control?
Fine, don't use either.
Stop telling people you don't know, don't want to know and for whom you're not responsible for in any way whatsoever, how to live.
...the BRT as you think. I distinctly heard him stand up to the BRT in the last 3-4 months... during the campaign, I think. Let 'em pitch all they want. Their ilk have been trying to do away with all safety net programs since they were passed into law many many long decades ago. We're not at the Hunger Games stage yet. Please try to not be threatened by their bluster. 
... at least until the annual gross hits $110,100 sometime in mid-January. (2012 limit)
right now, 
