Rick Santorum...Pres. candidate?
#1
Posted 29 March 2011 - 08:02 PM
The former Pennsylvania senator and potential presidential candidate was asked about Social Security during an interview on WEZS-AM radio in Laconia this morning.
He says the system has design flaws, but the reason it is in big trouble is that there aren’t enough workers to support retirees. He blamed that on what he called the nation’s abortion culture. He says that culture, coupled with policies that do not support families, deny America what it needs — more people.
Santorum has been a frequent visitor to New Hampshire, which holds the earliest presidential primary.
#9
Posted 29 March 2011 - 08:25 PM
#10
Posted 29 March 2011 - 08:33 PM
What I would do is:
Raise the cap where you pay SS to somewhere around $200K, but only on the half that individuals pay (so as to "not hurt business")
Lower the retirement age about 5 years (helping iwth unemployment)
"problem" "solved"
#12
Posted 29 March 2011 - 09:29 PM
Social Security is in decent shape. A few tweaks needed
What I would do is:
Raise the cap where you pay SS to somewhere around $200K, but only on the half that individuals pay (so as to "not hurt business")
Lower the retirement age about 5 years (helping iwth unemployment)
"problem" "solved"
I don't see how lowering the retirement age by 5 yrs helps at all. It's a delicate balancing act, for sure, but many need those last years to help sure up their 401k/IRA investments for the long run. Then you're adding another 5 years (probably more, because people who retire younger tend to live longer) to SS payouts (and, presumably Medicaid). And, realistically, taking one older person out of the workplace does not equate 1:1 with hiring a younger person - it's probably more like 3 old to 1 young, so you're not increasing the net revenue into SS.
#14
Posted 30 March 2011 - 02:45 AM
DEFINITION: SANTORUM
Pronunciation: san-TOR-um
Function: noun
Etymology: Savage Love - 05/29/03
1. The frothy mixture of lube and fecal matter that is sometimes the by-product of anal sex.
2. Senator Rick Santorum
#16
Posted 30 March 2011 - 02:20 PM
Right now you retire between 62 and 67. At 67 you can get 'full benefits', at 62 I think it's 70%.I don't see how lowering the retirement age by 5 yrs helps at all. It's a delicate balancing act, for sure, but many need those last years to help sure up their 401k/IRA investments for the long run. Then you're adding another 5 years (probably more, because people who retire younger tend to live longer) to SS payouts (and, presumably Medicaid). And, realistically, taking one older person out of the workplace does not equate 1:1 with hiring a younger person - it's probably more like 3 old to 1 young, so you're not increasing the net revenue into SS.
So add a between 57 and 62 range.
I agree it's a balancing act, but that's what we should be discussing, not raising the retirement age











