POLIHOP: McCain Adviser: Raise Retirement Age To 70

Saturday, July 12, 2008

McCain Adviser: Raise Retirement Age To 70

It's coming.

According to Phil Gramm, senior economic adviser to John McCain, the retirement age will have to be raised.

Gramm told the Washington Times that a bipartisan deal might include raising the retirement age to 70 over 30 years, indexing the benefits of wealthier retirees to inflation rather than the more generous wage rate, and creating a private account program for younger workers.

This means that if you are 40 and under, you will be working as much as 5 years longer than your parents did.

Source

There you have it folks, Republicans want you to work as slaves for corporations until you drop dead. What a plan, if you're dead then the government doesn't have to pay Social Security. Let's not forget administrations for decades have borrowed money from the Social Security trust fund, if they put back the money they've borrowed instead of blowing in their oil wars, there wouldn't be a problem with Social Security and we could all look forward to retiring at the age of 65 with full benefits.

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