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Wed Jan 16, 2013, 07:37 PM

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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Reply U.S. business executives call for raising retirement age to 70 (Original post)
IDemo Jan 2013 OP
AlphaCentauri Jan 2013 #1
JoeBlowToo Jan 2013 #4
Jackpine Radical Jan 2013 #51
indepat Jan 2013 #19
duffyduff Jan 2013 #25
Locrian Jan 2013 #137
Jack Rabbit Jan 2013 #43
Ed Suspicious Jan 2013 #2
Fearless Jan 2013 #9
Snarkoleptic Jan 2013 #45
orpupilofnature57 Jan 2013 #11
duffyduff Jan 2013 #28
iemitsu Jan 2013 #106
TXDemoGal Jan 2013 #117
duffyduff Jan 2013 #131
wordpix Jan 2013 #144
adieu Jan 2013 #47
JDPriestly Jan 2013 #120
Doctor_J Jan 2013 #128
Steerpike Jan 2013 #3
bluedave Jan 2013 #124
OKNancy Jan 2013 #5
orpupilofnature57 Jan 2013 #6
PoliticAverse Jan 2013 #7
daleo Jan 2013 #115
go west young man Jan 2013 #116
gateley Jan 2013 #8
rhett o rick Jan 2013 #21
gateley Jan 2013 #42
djean111 Jan 2013 #10
awoke_in_2003 Jan 2013 #24
Courtesy Flush Jan 2013 #12
Skittles Jan 2013 #13
mrsadm Jan 2013 #14
abelenkpe Jan 2013 #84
RKP5637 Jan 2013 #15
nineteen50 Jan 2013 #16
pinboy3niner Jan 2013 #17
jberryhill Jan 2013 #55
pinboy3niner Jan 2013 #65
jberryhill Jan 2013 #73
pinboy3niner Jan 2013 #86
NBachers Jan 2013 #96
jberryhill Jan 2013 #98
pinboy3niner Jan 2013 #122
FiveGoodMen Jan 2013 #18
BobbyBoring Jan 2013 #46
KansDem Jan 2013 #50
FiveGoodMen Jan 2013 #53
DocMac Jan 2013 #133
FiveGoodMen Jan 2013 #140
TheProgressive Jan 2013 #20
duffyduff Jan 2013 #22
trayfoot Jan 2013 #23
duffyduff Jan 2013 #27
humblebum Jan 2013 #26
patrice Jan 2013 #34
99th_Monkey Jan 2013 #71
Renew Deal Jan 2013 #29
closeupready Jan 2013 #103
DavidDvorkin Jan 2013 #30
rusty fender Jan 2013 #31
patrice Jan 2013 #32
patrice Jan 2013 #33
freshwest Jan 2013 #49
patrice Jan 2013 #56
freshwest Jan 2013 #63
patrice Jan 2013 #69
bloomington-lib Jan 2013 #35
PoliticAverse Jan 2013 #89
notundecided Jan 2013 #36
forestpath Jan 2013 #37
notundecided Jan 2013 #38
CarmanK Jan 2013 #39
Cynicus Emeritus Jan 2013 #40
valerief Jan 2013 #41
RebelOne Jan 2013 #44
markpkessinger Jan 2013 #48
duffyduff Jan 2013 #67
Dems2002 Jan 2013 #52
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freshwest Jan 2013 #54
Mojorabbit Jan 2013 #57
HuckleB Jan 2013 #58
flamingdem Jan 2013 #59
flamingdem Jan 2013 #60
TheProgressive Jan 2013 #61
Zookeeper Jan 2013 #62
Matariki Jan 2013 #64
condoleeza Jan 2013 #109
w0nderer Jan 2013 #66
duffyduff Jan 2013 #68
Kingwithnothrone Jan 2013 #72
w0nderer Jan 2013 #90
wordpix Jan 2013 #143
glowing Jan 2013 #70
Curmudgeoness Jan 2013 #74
stuffmatters Jan 2013 #75
RKP5637 Jan 2013 #76
ProfessionalLeftist Jan 2013 #77
Historic NY Jan 2013 #78
ReRe Jan 2013 #79
TheProgressive Jan 2013 #82
ReRe Jan 2013 #94
CranialRectaLoopback Jan 2013 #80
TheProgressive Jan 2013 #83
DaveJ Jan 2013 #81
OmahaBlueDog Jan 2013 #87
TheProgressive Jan 2013 #93
condoleeza Jan 2013 #107
TheProgressive Jan 2013 #112
condoleeza Jan 2013 #118
DaveJ Jan 2013 #99
duffyduff Jan 2013 #111
OmahaBlueDog Jan 2013 #114
duffyduff Jan 2013 #132
OmahaBlueDog Jan 2013 #146
Doctor_J Jan 2013 #129
Canuckistanian Jan 2013 #88
another_liberal Jan 2013 #91
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lovuian Jan 2013 #95
JustABozoOnThisBus Jan 2013 #135
wordpix Jan 2013 #145
benld74 Jan 2013 #97
customerserviceguy Jan 2013 #100
TheProgressive Jan 2013 #104
customerserviceguy Jan 2013 #123
DaveJ Jan 2013 #121
BeyondGeography Jan 2013 #126
DaveJ Jan 2013 #130
closeupready Jan 2013 #101
DallasNE Jan 2013 #102
iemitsu Jan 2013 #105
DBoon Jan 2013 #108
lonestarnot Jan 2013 #110
daleo Jan 2013 #113
Blue_Tires Jan 2013 #141
aquart Jan 2013 #119
olddad56 Jan 2013 #125
Doctor_J Jan 2013 #127
Dustlawyer Jan 2013 #134
wishlist Jan 2013 #136
Stainless Jan 2013 #138
ancianita Jan 2013 #139
wordpix Jan 2013 #142
steve2470 Jan 2013 #147

Response to IDemo (Original post)

Wed Jan 16, 2013, 07:38 PM

1. It should be lowered to 55

make some space for the young ones to get a job.

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Response to AlphaCentauri (Reply #1)

Wed Jan 16, 2013, 07:40 PM

4. They must be thinking about themselves because...

 

they aren't hiring anyone over 50.

What a bunch of putzes!

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Response to JoeBlowToo (Reply #4)

Wed Jan 16, 2013, 08:55 PM

51. When do they ever think of anyone BUT themselves?

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Response to AlphaCentauri (Reply #1)

Wed Jan 16, 2013, 08:01 PM

19. While your idea is much better than 70, it would not surprise me for these

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.

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Response to indepat (Reply #19)

Wed Jan 16, 2013, 08:19 PM

25. They want to get rid of Social Security because that way they don't have to pay half of

a worker's benefit.

That is what this is about. It's all about the money.

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Response to duffyduff (Reply #25)

Thu Jan 17, 2013, 11:16 AM

137. close but not quite

They dont want to get rid of the money going INTO it - just going out of it. So raise the age to 100 and keep us paying, but no benefits.

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Response to AlphaCentauri (Reply #1)

Wed Jan 16, 2013, 08:47 PM

43. It should be lowered to birth

Medicare for all, even the bastards who make up the Business Roundtable.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:39 PM

2. Top executives want a larger labor pool to further commoditize labor. n/t

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Response to Ed Suspicious (Reply #2)

Wed Jan 16, 2013, 07:41 PM

9. Exactly

Larger pool equals lower wages as well.

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Response to Fearless (Reply #9)

Wed Jan 16, 2013, 08:49 PM

45. And on the other side of the equation, medicare is strengthened as youger, (actuarially) healthier

people are added the the Medicare risk pool.
It's a win-win for labor and a lose-lose for plutocrats.

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Response to Ed Suspicious (Reply #2)

Wed Jan 16, 2013, 07:42 PM

11. Bingo !!!!

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Response to Ed Suspicious (Reply #2)

Wed Jan 16, 2013, 08:21 PM

28. Nope. It's the first salvo in abolishing Social Security

They simply don't want to pay one-half of each worker's benefit. As you know, workers pay the other half.

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Response to duffyduff (Reply #28)

Wed Jan 16, 2013, 11:17 PM

106. Workers pay it all because they are the ones who generate the profits of any business.

Owners owe us that and much, much more. They are nothing but leaches living off of the labor of others.
They view 70 as youngish because they have never done anything to wear out their bodies. They have access to good health-care. They can buy expensive but healthy foods. They can take rejuvenating vacations to replenish the energy.
They can fuck themselves.

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Response to iemitsu (Reply #106)

Thu Jan 17, 2013, 12:51 AM

117. +1

Especially the part about how they can go fuck themselves.

These fuckers make me sick. Their greed knows no bounds.

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Response to iemitsu (Reply #106)

Thu Jan 17, 2013, 09:25 AM

131. It's about the money. Period. The FICA tax.

They pay half, the employee pays half, regardless of who does all the work.

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Response to duffyduff (Reply #131)

Thu Jan 17, 2013, 09:32 PM

144. FICA tax IS really expensive, take it from a small employer

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.

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Response to Ed Suspicious (Reply #2)

Wed Jan 16, 2013, 08:50 PM

47. It doesn't quite work that way

People can voluntarily retire before 65 or 70 or whatever age is set. Or, they can continue to work after aging past the retirement age, as many voluntarily do (because they want to keep busy).

There is some effect due to those who are 65 or older, but need to continue working because they don't have enough to retire. Those people will be competing with the younger workers, which will definitely lower the overall pay (more workers, lower pay).

I think they're just thinking, "Hey, let's raise the retirement age so that we don't have to pay more for social security."

It's probably just that simple. They're not that smart.

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Response to Ed Suspicious (Reply #2)

Thu Jan 17, 2013, 04:06 AM

120. They don't hire older workers. They don't even consider older workers to be part of the labor pool.

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Response to Ed Suspicious (Reply #2)

Thu Jan 17, 2013, 08:59 AM

128. Exactly. Then when the unemployment rate shoots up, they'll blame Obama

The 1% are evil.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:39 PM

3. Great idea

if you want to work until you drop dead...

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Response to Steerpike (Reply #3)

Thu Jan 17, 2013, 08:24 AM

124. and

that is part of being"conservative" -I have my boat,fuck U swim attitude.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:40 PM

5. just stupid

As has been mentioned many times here... what about people who work in labor intensive jobs?
Also what about the unemployment rate of young people. Retirement opens jobs for younger people.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:40 PM

6. It takes a bunch of bodies to stay aloft on

Mt. Olympus . Thats like asking a pedophile advise on child care .

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:41 PM

7. You can find a list of all The Business Roundtable members here...

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Response to PoliticAverse (Reply #7)

Wed Jan 16, 2013, 11:43 PM

115. Plenty of them were ailed out by the public a few years ago

How soon they pretend that never happened.

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Response to PoliticAverse (Reply #7)

Wed Jan 16, 2013, 11:46 PM

116. Thanks for the list.

When looking at the names it's easy to see that they are almost entirely Republican run corps. Many of which have been in the headlines these past few years for ripping off the public (Goldman Sachs), ripping off their workers (Walmart), discriminating against gay people (Target), crashing the economy and abusing the bailout fund (Bank of America), raising cable prices while providing crappier content (Time Warner cable). The list is basically a list of all the assholes that have fucked up the country.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:41 PM

8. Bullshit. The 66 year olds will lose their jobs to younger, lower paid

workers, then be adrift for 4 years. Another despicable tactic to keep those who earn more from paying their fair share.

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Response to gateley (Reply #8)

Wed Jan 16, 2013, 08:16 PM

21. I think the 66 year olds will have long ago lost their jobs to younger employees. Lower the age to

55.

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Response to rhett o rick (Reply #21)

Wed Jan 16, 2013, 08:46 PM

42. I agree! Never happen, though.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:42 PM

10. That had better fall on deaf ears.

That had better be countered with lowering the ages for both programs, thus opening up more jobs.
That had better be countered with raising the cap.
Assholes, sitting in their plushy padded chairs.
An inflation gauge lower than the one that gives us a .017 increase after what, 2 or 3 years?
Can I say fuck them here? If not, I'll edit.

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Response to djean111 (Reply #10)

Wed Jan 16, 2013, 08:18 PM

24. Yes, you can say fuck them. nt

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:42 PM

12. Are they revising their policies about hiring workers over 60?

How about over 50?

That's what I thought.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:43 PM

13. Safety net programs including Social Security and Medicare are likely to take center stage.

told ya - they are now political footballs

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:46 PM

14. Those same companies lay off employees

Who are over 50!

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Response to mrsadm (Reply #14)

Wed Jan 16, 2013, 10:19 PM

84. +1000 nt

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:47 PM

15. Sounds good, because there are tons of jobs available for older Americans they won't take. n/t

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:48 PM

16. I say

cost of living for s.s. should be the same as CEO increases in compensation. Taxes on corporations and the 1% should be tied to unemployment, fewer jobs higher taxes, more jobs lower taxes. Pentagon budget, higher overruns less budget, fewer over runs more budget.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:50 PM

17. Easy for them to say, those batards!


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Response to pinboy3niner (Reply #17)

Wed Jan 16, 2013, 09:02 PM

55. They should take their recommendation and just baguette


I guess they don't want a bunch of elderly folks loafing around.

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Response to jberryhill (Reply #55)

Wed Jan 16, 2013, 09:29 PM

65. You can try to reason with them, but they'll just crÍpe on you. nt

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Response to pinboy3niner (Reply #65)

Wed Jan 16, 2013, 09:46 PM

73. ...and then you'll be toast

Enough of this rye humor.

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Response to jberryhill (Reply #73)

Wed Jan 16, 2013, 10:20 PM

86. Okay, okay, I surrender

Last edited Thu Jan 17, 2013, 07:11 AM - Edit history (1)

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Response to pinboy3niner (Reply #17)

Wed Jan 16, 2013, 10:44 PM

96. They think the workers just loaf around all day anyway

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Response to NBachers (Reply #96)

Wed Jan 16, 2013, 10:59 PM

98. ...sitting on their buns

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Response to jberryhill (Reply #98)

Thu Jan 17, 2013, 07:14 AM

122. *rolling on the flour laughing*

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Response to IDemo (Original post)

Wed Jan 16, 2013, 07:52 PM

18. This really does call for the French solution

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Response to FiveGoodMen (Reply #18)

Wed Jan 16, 2013, 08:49 PM

46. You mean the French solution..........................

That took place during their revolution?? I think so! Off with their heads! I'm not eating cake!

What's so ironic about their revolution is there were sending us tons of money for OUR revolution, just like we spend tons of money "Spreading Democracy".

And we hate the French!

Go figure~

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Response to FiveGoodMen (Reply #18)

Wed Jan 16, 2013, 08:53 PM

50. You mean "The French disConnection?"


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Response to KansDem (Reply #50)

Wed Jan 16, 2013, 08:58 PM

53. That's the one!

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Response to KansDem (Reply #50)

Thu Jan 17, 2013, 09:53 AM

133. It takes too long to build one of those.

Americans have chainsaws and they love to use em.

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Response to DocMac (Reply #133)

Thu Jan 17, 2013, 04:12 PM

140. I bow to your pragmatism

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:11 PM

20. The Business Roundtable and the faithful news media began their assault today on SS and Medicare

While the Gun Issue takes center stage today, the Business Roundtable and the faithful news media began their assault today on Social Security and Medicare.

These business executives could care less about the deficit and debt, and they especially could care less about 300 million Americans these programs affect. They are simply screwing us out of our own money so they can take a few more dollars away from us.

Social Security is 100% the people's money - not one penny comes from the US Treasury. We pay about 54% of the Medicare costs - why can't taxes be raised to pay 100%. Better yet, why is there a medical insurance industry at all.

We better stand up and tell President Obama, Republicans, and Democrats that not only do you not harm these programs thru benefit cuts - you make them stronger.

They will take our programs if we don't stop them.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:17 PM

22. At the same time, they discriminate against anybody over 50

Tell me, execs, how does that crackpot plan of yours work? How are we supposed to live when we are INVOLUNTARILY retired because execs like you discriminate and run us out of work?

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:17 PM

23. NO to the Business Roundtable!

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Response to trayfoot (Reply #23)

Wed Jan 16, 2013, 08:20 PM

27. The Business Roundtable is also heavily involved

with destroying public education.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:19 PM

26. The first move should be to deduct social security from EVERY dollar earned. nt

 

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Response to humblebum (Reply #26)

Wed Jan 16, 2013, 08:26 PM

34. +++1

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Response to humblebum (Reply #26)

Wed Jan 16, 2013, 09:39 PM

71. Funny how these idiots trying to gut Soc. Sec. are NOT pressed on this issue by M$M.

or by most Democrats for that matter.

One barely ever hears the "raise the cap" argument, unless one happens to be listening to Bernie Sanders, an Independent.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:21 PM

29. It should be lowered to 62

Because people on the way out of the workforce shouldn't be fighting for the same jobs as teenagers.

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Response to Renew Deal (Reply #29)

Wed Jan 16, 2013, 11:07 PM

103. Push for 55 - know why? Compromise is 62 between

their 70 and your 55, i.e., lower than it is now.

Further, political momentum is moving our way - worst case scenario, nothing is done, and later when Congress is bluer and Hillary or Bernie or whoever takes over in 2016, we actually CAN get a retirement age of 60 or less.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:21 PM

30. Bastards.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:22 PM

31. To the Business Roundtable

Go "F" yourselves, you shitheads!

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:23 PM

32. Dogwhistle for "Euthanize the elderly". They can't actually SAY that but they know there are NO jobs

for us and they suspect that even if there were jobs for us, we'd be a little resistant to being discriminated against economically by those who will treat us differently from others by demanding that we accept even less than we are worth than they already offer other age cohorts.

They can't SAY any of this because people would be shocked, so they hide this proposition behind something that appears reasonable to SOME people and those who recognize it for the euthanasia of the elderly that it authentically is can then endorse euthanasia behind a socially acceptable persona.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:25 PM

33. Elders & Disabled, do NOT underestimate the political pressure supporting Social Darwinism.

If we'd just "get it over with", that'd "solve" a bunch of people's problems.

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Response to patrice (Reply #33)

Wed Jan 16, 2013, 08:51 PM

49. Elderly and disabled had better watch out for the supporters of Social Darwinism.

Which I thought had died out, from my high school history texts, as being wrong and associated with Calvinism used by the robber barons in the Gilded Age. The first place I began arguing online about the care of the disabled was an offiical libertarian party board. Their solution for anyone born disabled, unable to work was euthanization. They said it was 'immoral to make us pay taxes' for them. No social contract.

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Response to freshwest (Reply #49)

Wed Jan 16, 2013, 09:13 PM

56. I have been running into them with the rise of Libertarians & anarchists around what was the Occupy,

in the streets. Concerns about Earth and environmental degradation are their putative motivation for this very callous attitude toward anyone over 50 and what can only be described as a utilitarian attitude toward <50 and disabled.

People need to understand that this cohort does NOT care about rights. Privilege is a good thing to them.

They are also making a mistake in thinking that disposing of people won't result in losses of value that could be the difference between life and death in their Libertarian utopias, so, not only are they evil, they are wrong. What they think they are doing won't work and what's even more weird may be that many of them may even know that too, so the disposables actually include those of their own Libertarian cohort who don't "win".

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Response to patrice (Reply #56)

Wed Jan 16, 2013, 09:26 PM

63. It's too bad we have to define ourselves these ways - your analysis is painfully correct.

They are Randians, who expect to be the new Supermen. They see nothing wrong with it and it's why they come here and say everything we do stinks. Because they don't want those humanistic solutions to be made. They expect to be the new rulers. It's why they don't care about women's and worker's rights except to draw us into their group. They savage all our attempts to make an equal playing field with government to resist the rich and the religious oppressors, and don't believe in voting. The intent, the long-term goals are the same as the Koches. Sad and scary.

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Response to freshwest (Reply #63)

Wed Jan 16, 2013, 09:34 PM

69. Hey, I'm willing to consider them otherwise if they were to choose that and, if there's a good

reason and/or I care enough, I might even consider CHOOSING some adaptations in myself, if ASKED (not coerced or pressured or demanded or ordered or lied to in any way).

Unfortunately, in my personal experience, the people we are referring to do not engage in any of the above AND they pride themselves on that fact.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:26 PM

35. People still will retire at 62, but with less benefits, and I believe thats the result they're

really looking for. They don't expect you to work til you're 70. They just want you to get even less for retiring at 62 or even 65.

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Response to bloomington-lib (Reply #35)

Wed Jan 16, 2013, 10:30 PM

89. Excellent point. It's really a way to cut most people's benefits. n/t

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:35 PM

36. Airlines

wouldn't like it.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:35 PM

37. Has Obama ever stood up against the corporate feudal lords for us serfs?

 

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:36 PM

38. Airlines

wouldn't like it.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:38 PM

39. The guys who man a desk are telling workers they need to WORK harder, longer. BULLpucky!

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:44 PM

40. They are global corporations not US

 

The multinational corporations and the lobbies for other countries should be forbidden from having their shadow ever darken the door to Congress. They need to be shunned from influencing Congress or the media stories. They represent what has destroyed the US economy and their opinion and money should be forbidden.

Populist...progressive...libertarian

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:45 PM

41. Oh, why go to all that work when a firing squad is faster and cheaper?

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:49 PM

44. I worked until I was 71, and I would still be working now at 74,

but I was laid off. It was not because of my age, but the company was downsizing. There were also three others laid off at the same time and they were all younger than me. I wanted to work longer to accumulate more money into my 401K.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:50 PM

48. Fine, so long as they will be prohibited from terminating anybody over 50 without cause! n/t

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Response to markpkessinger (Reply #48)

Wed Jan 16, 2013, 09:30 PM

67. They can simply make up "for cause"

in order to get rid of older employees they don't want.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 08:57 PM

52. Are they stupid?

Why in the world would businesses want to keep paying the medical costs of older individuals? They'd be so much better off getting rid of these costs at 55 or so, so their insurance pool would become more affordable.

Sometimes the reactionary nature of people make me crazy.

Jennifer

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Response to Dems2002 (Reply #52)

Wed Jan 16, 2013, 10:19 PM

85. They don't have to provide health care for their employees. They can just pay the penalty. nt

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:00 PM

54. Their comments should only apply to themselves, not national policy.

Can these spoiled rotten silk tie elitists work until they're 70?

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.




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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:16 PM

57. Rat Bastards nt

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:17 PM

58. The scumbags attack again!

Ugh.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:18 PM

59. The Koch Brothers are funding this no doubt see:

The Koch Brothers Exposed for more

Absolute BS

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:20 PM

60. Warning: I was at a Focus Group about raising retirement age to 70 and

I was the ONLY person who thought it was unfair / a bad idea. All the others said that they would work until they dropped anyway and didn't even clue in to this being unfair.

This is in CA where people are Democrats. So warning, people can be SHEEP about this kind of thing when told it's for the best.

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Response to flamingdem (Reply #60)

Wed Jan 16, 2013, 09:23 PM

61. Exactly what focus group were you a part of?

It will be interesting what the make up of your group was...

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:24 PM

62. Really? How many of them will hire a 68 year old?

Frauds.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:27 PM

64. I seriously don't know how I'm not going to do that anyway.

In order to get the largest amount from social security I'll have to.

Has anyone ever done those dismal 'how much money do you need to retire' things? They all seem to imply that a million dollars in 401ks and Investment is barely enough.

And fuck those assholes. American business practices have undermined financial security for workers, cut pensions, got rid of the whole idea of pensions for the most part, and now this. I really hope to see the day when these fuckers are treated like the criminals and sociopaths they are.

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Response to Matariki (Reply #64)

Wed Jan 16, 2013, 11:26 PM

109. Well, they all have a pension, Matariki

we are expendable and just a problem. I got a statement from one of my investments yesterday that said it had gained almost 1K in the last quarter, it's almost worth as much now as it was before Bush 1. That will keep me alive for another month........

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:29 PM

66. 70 may be cool in white collar, now put that on a blue collar physically demanding job


we have a gentleman that is that old where i work

we all help him all the time, but he also helps us

seriously, the man would probably work no matter what, he loves tinkering
but he should be able to do it as a hobby/for toy money..not 'have to'

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Response to w0nderer (Reply #66)

Wed Jan 16, 2013, 09:32 PM

68. Lots of "white collar" jobs like teaching and nursing

are extremely demanding and stressful. They are just as wearing of the body as blue collar work.

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Response to duffyduff (Reply #68)

Wed Jan 16, 2013, 09:40 PM

72. they have to "strengthen" the plan after all

 

Barbarians at the gate...

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Response to duffyduff (Reply #68)

Wed Jan 16, 2013, 10:33 PM

90. having both teachers and nurses in my family

not sure i'd call em white collar
sure some education needed but lotta hard work too

then again using stress one could go 'bank of america ceo dealing with most stress so all of you shut up'

*ahem* believe who they want

point....body (and mind/emotions (i got pals in oncology too)) wear out

70 is nice for spoiled @SS candy ppl

for workers...might as well say ...die or suffer

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Response to duffyduff (Reply #68)

Thu Jan 17, 2013, 09:27 PM

143. teaching also demands nearly round-the-clock work

If you have 100+ public school kids day, or even 50-60 private school kids, you will be up all night speaking with and emailing parents, creating lesson plans, quizzes and tests, grading assignments, getting final grades and comments in, etc. ad infinitum. It's difficult to have a good home life b/c all this work has to be done at home.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:36 PM

70. It wouldn't save money when people who survive to 70,

have even more costlier health issues. But I suppose these top excutives who've probably never worked a real honest labor intense job in their pampered lives, are hopping most people drop dead on the job or during the "in between" years of 50 and 70 when most employers don't want to hire older people to cover their health care costs. It would save a ton of money to just kill off the "useless eaters" in the elderly age bracket.

I say, we take over their bank accounts and stick these wealthy idiots on their own primitive "Galt-Style" island and see how well they do without the rest of us to support their lifestyle. The fact that anyone even listens to them or that they have so much power and influence over the rest of us is absolutely sickening!

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Response to IDemo (Original post)

Wed Jan 16, 2013, 09:59 PM

74. Of course, as long as we don't inconvenience them

by raising the limit on wages taxed.

Now who will require that they hire older people? And what will happen when no jobs open up for the young people coming into the job market? This will cause a total mess.

And it is easy to stay in a job like theirs to age 70----business lunches and golf games are not all that taxing.

But let's not ask them to do anything that will affect them.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:04 PM

75. Publish it as America's Greediest 200 CEO Shit List

List each of these Pigs names as widely and as often as possible. Give the list the following introduction:

Eliminating the soc sec cap of 106000 on earned income and applying soc sec and medicare insurance taxes to all income, including inheritance ,capital gains and corporate... these 3 measures which would responsibly and equitably fund forever Americas most valuable and essential social insurance programs. Allowing Medicare to negotiate for bulk drug prices (i.e. repealing Bush's disasterous giveaway to big Pharma in Medicare D) would substantially lower current and future medicare costs.

But rather than any solution that might be fair, equitable, responsible or cause millionaires and billionaires to pay their fair share towards our national insurance for the disabled and aging, the following CEO pigs endorse a petition to raise the eligibility age for both soc security and medicare to age 70 plus stealing 10% of benefits via the smarmy chained COLA from nonegenarians and 65,000 from a 40 year old by the time soc sec kicks at today's eligibility age:

List each of 200 CEOs and their Corps for public boycott.




This should be a "fake" satirical article about the cannabalistic !% in The Onion. Tragically it's dead serious without any of these obscenely rich 200 CEO's sensing even a glimmer of their own limitless aptitude for self-parody much less an ounce of shame at their relentless selfishness.

Worse yet, Obama seems to listen reverentially to them ...The Third Way, Fix The Debt, The Heritage Foundation, The International Chamber of Commerce, ALEC...Whether they are named Pete Peterson, Koch or Jaimie Dimion,Blankfein, Caterpillar, Honeywell they are all the same, all for the rich getting richer and the rest of us and our children and grandchildren getting screwed.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:07 PM

76. Sounds like a Koch Brother initiative. n/t

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:09 PM

77. How many here will contact their reps telling them

They don't want this? Will the "Business Roundtable" be the only ones they hear from?

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:10 PM

78. Citizens reply "Drop Dead".

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:11 PM

79. Who gives a shit what the "Business Roundtable" says?

This is a prefect example of why we need a Labor News Network (LNN). Why isn't there a "People's Round Table"? They played a big part with Wall Street in the current downfall of our economy. We should call them the "Disaster Capitalism Round Table." Because that is what they really are. Our dear furor business leaders are trying to turn us all into slaves, like they've done for the last 50 years all over the world with Milton Freidman's formula. Free Speech TV and Link TV are excellent alternatives that substitute for a Labor-like channel.

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Response to ReRe (Reply #79)

Wed Jan 16, 2013, 10:15 PM

82. We don't give a shit about them, however, Obama does...

This was also in the article:

"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.

The CEOs intend to pitch their ideas to the White House and to congressional officials."

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Response to TheProgressive (Reply #82)

Wed Jan 16, 2013, 10:36 PM

94. I don't think PO does care as much about...

...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.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:13 PM

80. Troll alert! I expect all that was recommended

 

To be implemented. The eligibility ages might not be as high, but the essence of the plan will be enacted.

Sorry for trolling.

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Response to CranialRectaLoopback (Reply #80)

Wed Jan 16, 2013, 10:17 PM

83. You could just stop trolling...

Just saying...

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:14 PM

81. Just goes to show that "business executives" are not problem solvers.

I think that anyone who actually works for a living knows that greed never got any job done, which these business people (who are they, anyway?) think.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:28 PM

87. I'll get flamed, but I'm going to say it

I basically agree with them, but with this catch: I also favor raising the cap (as in do both at the same time).

I realize that most of this depends on what you do, where you live, and your worldview on retirement. I personally plan on working until I'm 75. My Dad still works full time pushing 80.

I see the situation differently than most here:

1) People are going to live longer -- especially now with the prospect of affordable healthcare for all. Those retiring at 62 & 65 will outlive their resources unless they've invested very well.
2) Yes, older workers in their 60s will do many of the same lower wage jobs people did when they were in their teens and 20s.
3) Any increase in age needs to be phased in slowly.

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Response to OmahaBlueDog (Reply #87)

Wed Jan 16, 2013, 10:35 PM

93. Considered yourself officially flamed...!

First, yes raise the cap.

But...

You know, we all(most) work our ass off since we were 16 or 18. Life
does not dictate that we have to work till we die. I believe we *all* deserve
to retire at a decent age (60? 62? 64?). We are allowed to live our senior years
by enjoying life.

Is someone wants or needs to work till 70 and over - more power to them. I think that
is the exception and not the rule.

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Response to TheProgressive (Reply #93)

Wed Jan 16, 2013, 11:19 PM

107. For me it was a work permit @ 14 and I've worked EVERY year since then

The last 25 years I've been self-employed in a job where most of the others who do what I do are younger than my daughters and is extremely physically challenging. I rarely work less than a 16 hour day. At 63 y/o now, I know I can't do this forever. I'm trying to re-invent myself now to find another "career" when I'm not "up to snuff" @ what I do, which appears to be approaching soon. Got lots of talents I can use, but, you know, always thought I'd be able to enjoy life at some point, travel, etc., well, that's a joke.

Just spent a week taking care of my youngest grandson while his parents took a much needed vacation. Would be nice to be able to just be a Grandmother and do that all the time, but I can't afford it.

Nor can I afford to retire and live on SS, so I guess I'll work until I drop dead on the job, us baby boomers are such a problem, damn us.

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Response to condoleeza (Reply #107)

Wed Jan 16, 2013, 11:30 PM

112. Your story just proves my point, condoleeza..

I don't want you to have to work till you drop when you have worked your behind off not
only for yourself but for your family.

You see, these rich 'business executives' have it made. They don;t have to do anything
because they have the financial ability to do what the hell they want.

But, normal, hard working, what the real definition of American is - we have no choice.
No complaints (hope not), however, we did what we were suppose to do. Work hard and pay
into SS and Medicare.

And, now, they want us or soon to be retirees to do with less.

These people are really heartless and soulless.

Remember, this is our money and these SOBs and our government has *zero* right to
dictate our retirement age or to take our earned insurance benefits.

Hang in there...

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Response to TheProgressive (Reply #112)

Thu Jan 17, 2013, 01:07 AM

118. Thanks, I'm hangin' in there

Yeah, those of us who didn't have a trust fund or any other options just mean nothing, we are disposable. I guess I can live off the equity in my house when I can't work anymore - lots of ads on the TEE VEE for that now for us old people to buy into since we're too addled to think anymore.

Heartless and soulless, yes they are, and they have a pension for life - so happy my tax dollars are paying for that.....

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Response to OmahaBlueDog (Reply #87)

Wed Jan 16, 2013, 10:59 PM

99. That's the easy (wrong) solution.

There are two things to consider, money and reality. Money might say that raising the retirement age is the solution. Reality is that we do not need everyone working until age 70. Reality is that we have more automation and efficiency than ever, and we could live in prosperity with half the people in the workforce. Reality says that we will have even greater technology and efficiency in the future, where even fewer people will need to work. Forcing people to work pointless mundane unproductive jobs, to facilitate the financial system, which humans created, is a solution that requires almost no thinking whatsoever. I know we can do better than that.

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Response to OmahaBlueDog (Reply #87)

Wed Jan 16, 2013, 11:29 PM

111. As long as there is age discrimination, your idea won't work

It's also highly debatable whether people are living longer--in fact there is much argument against that notion.

Once you're canned after age 50, you can just about forget EVER finding full-time work again.

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Response to duffyduff (Reply #111)

Wed Jan 16, 2013, 11:41 PM

114. The people I know who've found work after 50 became self employed

Real estate sales, real estate appraisal, contract auditing work, etc. Or they get SBA loans and buy turnkey franchises (ServiceMaster, Subway, etc.)

One thing that will change: individuals between 50-75 should be able to get healthcare through the exchanges.

Another thing that will change; the peak of the baby boom will start to age out in the next 7-10 years. This should increase late career opportunities for those born between 1963-1980.

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Response to OmahaBlueDog (Reply #114)

Thu Jan 17, 2013, 09:28 AM

132. Self-employment is NOT an option for most

Almost all small businesses fail, there is little or NO demand at ALL for goods and services (which is why the economy is in the ditch), and you MUST have a second income to fall back on. This is NOT an option for destitute, single people like me.

To talk about "self-employment" as if this is a real option for people is NOT engaging in reality.

BTW, self-employed people have to pay the entire FICA tax, or they are supposed to. I have known people who got money under the table or had their own businesses and didn't pay it at all. They are idiots.

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Response to duffyduff (Reply #132)

Thu Jan 17, 2013, 11:46 PM

146. First, I'm sorry to read about your situation

I hope things can improve for you.

I have to think I'm at least somewhat dealing in reality because these are the kinds of things people I've known in this situation have done, either because they got fired/laid off, or forced to take early retirement.

Every situation is different. If one is collecting unemployment, giving that up for a minimum wage job rather than continuing to seek employment in your field makes no sense. OTOH, if you have no unemployment to fall back on, and your 50, either working in minimum wage jobs (Wal mart, Target, McDonald's), working in commission sales (cars, personal investments, etc.) or self employment are the three major options. Personally, I'd rather bet on myself.

Almost all small businesses fail
That's a semantics choice. 80% fail. I prefer to see it as 1 in 5 succeed.

there is little or NO demand at ALL for goods and services
I just can't agree with this. People are buying cars; housing starts and resales are up; when I drive by restaurants, they are full; a fast food location that failed in 2007 has just been remade into a KFC near my home; at least two other businesses are opening within a mile of my house. As the President said in his campaign, we're not where we need to be, but we're headed in the right direction.

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Response to OmahaBlueDog (Reply #87)

Thu Jan 17, 2013, 09:03 AM

129. "Any increase in age needs to be phased in slowly"

Actually, any increase in age should be resoundingly rejected.

I too plan to work until I can't any more. But that's my choice, and SS would be plenty solvent if these Roundtable fuckers would pay SS on their entire incomes.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:29 PM

88. They're kidding, right?

Maybe THEY can think of retiring at 70, sitting on their asses at a desk job, not having to worry about collecting SS.

But tell THAT to some guy working as an electrical lineman or a waitress in some diner.

Jesus, these people piss me off.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:33 PM

91. Let's regulate their crooked butts out of existence!

No more multimillion dollar CEO salaries for a start, and follow that up by closing their off-shore tax havens. Then we'll punch some holes in their "golden parachutes." Maybe that will make them feel a little more generous toward the working and middle classes. Hmmmm?

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:34 PM

92. What rank bullshit.

The fact that it is a 'business roundtable' of 200 CEOs means that anything they propose will rip off the American working and middle classes as well as the poor and shove the money straight into their greedy pockets.

Despicable.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:38 PM

95. First what does a exec who makes Billions worry about Americans SS

perhaps they should forget about their bonuses in the billions

raising the age to 70 is ridiculous
Any congressman who votes for this should be out of a job

the same with Medicare

the cuts should be no more billions to other countries ...no more WARS.... no more huge military budgests

Universal care for everyone ....pharmaceuticals hospitals medical companies will have to lower their costs and bye bye
insurance companies


Americans are FED UP and the Republicans are a dead party ....yelling entitlements entitlements

they are no more ....the setting is set

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Response to lovuian (Reply #95)

Thu Jan 17, 2013, 10:11 AM

135. It costs them 6.2 percent of their pay ...

... at least until the annual gross hits $110,100 sometime in mid-January. (2012 limit)

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Response to JustABozoOnThisBus (Reply #135)

Thu Jan 17, 2013, 09:34 PM

145. aw, where's the violin?

Is the family going to have to cut back on a day of vacation in Hawaii for that?

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:55 PM

97. PHEW! I thought I'd HAVE to work until 75 at least, thank you sirs! may I have another???

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Response to IDemo (Original post)

Wed Jan 16, 2013, 10:59 PM

100. Frankly, I don't think that's an awful idea

But only for the least physically stressful occupations. On the other hand, 67 is too old for physically demanding jobs. I'd let the janitors and the nurses aides, etc. retire at 65 with full benefits, while kicking the age for full benefits to 70 for pencil pushers like myself.

It wouldn't be too hard to divide the available jobs up into quintiles, with 20% being considered the physically hardest, etc. Let those folks get a full benefit at 65, instead of waiting until 67, and have the folks who sit at desks and punch computer keyboards wait until 70 to get the full ride, keeping the early retirement option of 62 (with reduced benefits) for those who have saved enough and simply want to hang it up.

If you disagree with me, tell me why you think that both the blue collar laborer and the white collar office worker should share the retirement age of 67 under present law.

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Response to customerserviceguy (Reply #100)

Wed Jan 16, 2013, 11:09 PM

104. We must 'err' on retiring *earlier* than later.

We are not slaves. We must not have to work till we drop.

We should work very hard most of our lives, then retire in our early 60's.

Why? Because we deserve it. Doesn't mean some can work later *if they want to*.

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Response to TheProgressive (Reply #104)

Thu Jan 17, 2013, 07:18 AM

123. We already do retire earlier, in a sense

When Social Security was set up, a substantial portion of the population was expected to die before reaching retirement age. By the time the FICA tax rate got to where it is today, the vast majority of Americans eventually got to that age, and started to collect benefits. Today, with people living longer than ever, you have large numbers collecting Social Security for many years.

The worker of two generations ago got to retire a few years before death, the retiring worker of today can usually look forward to a couple of decades of retirement. That's part of what's breaking the system.

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Response to customerserviceguy (Reply #100)

Thu Jan 17, 2013, 05:27 AM

121. A few things

Humans were not designed to sit and stare at a computer screen 8+ hours a day. Forcing someone to do that for 54 years is inhumane. It is actually stressful. At least people get to move around in jobs involving labor, getting some exercise is closer to what human were designed to do. Plus office jobs you need to exercise even more outside the job or you get to be 300 lbs, which of course is not paid, but necessary in order to have a white collar job.

Personally, I'm luck that in the course of my commute, I walk over 2 miles a day to and from work. At least I get some physical activity. But. I'm not sure how I'd make it if I could no longer walk that far every day. I do not see many people in their 60s doing it.

The broader issue is, with all out automation, we just don't need people working for no other reason than to keep a stupid financial system going.

(Oh, and another thing is, something I just thought of.... people often had to study for years to get these desk jobs, where many of them design new and better things... making them work longer because they studied more seems like punishment. I don't think people should be punished for trying harder and accomplishing more.)

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Response to DaveJ (Reply #121)

Thu Jan 17, 2013, 08:50 AM

126. Thank you for your sensible posts

It's disappointing to see the number of people in this thread who think "sitting at a desk" is all that happens in an office job. Technology has made us accountable pretty much around the clock and true vacations have disappeared. There is a lot of mental and emotional stress associated with any job that involves involuntary or contrived human interaction, i.e. "relationships" that only exist because of some sort of underlying transaction. It's stressful for anyone who has already worked three or four decades and would rather be left alone and/or spend more time with their loved ones, which is a lot of us, particularly as we get older.

You reach a point pretty quickly where you realize you have a finite number of healthy days left and you'd like to spend them on something resembling your terms. Work can co-exist alongside that and can even be an energizing force, but the thought of submitting to the regimentation of full-time employment until age 70 is something I'm not going to even contemplate.

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Response to BeyondGeography (Reply #126)

Thu Jan 17, 2013, 09:16 AM

130. I'm confident things will change in the near future

I think that within 50 years, if we do things right, jobs will be considered something like national service, something that people are asked to do for, say, only 10 years per person. I work in technology and believe it is perfectly reasonable to expect automation in most areas by then, assuming computer technology advances as fast as it has so far. It is more important to figure out how the economy can work without people working. That's the challenge. As I said it's easy just to tell everyone to work more.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 11:01 PM

101. They're the first to say we're richer than anyone; so let's lower to 55

the retirement age, eliminate the cap - bingo, bango, bongo, no more fiscal problem for SS.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 11:01 PM

102. Those CEO's Just Don't Understand How Ordinary Americans Live

My one sister-in-law has a brother that has worked construction all of his life. That brother has a wife that is 3 years younger than he is so their plan was for him to work until his normal retirement age of 66 and she would take an early retirement and retire at the same time as him. Just before his 64th birthday he started having nagging injuries that hampered his ability to perform his duties but he stayed on the job anyway. After about his 3rd nagging injury he decided that his body just couldn't take the daily pounding any more so he retired at 64. His wife has an office job so it became necessary for her to work until she turns 66 this year and can retire.

While she is in good enough health that she could have continued to work there is no way he could have worked past 64 other than take a minimum wage job if he could indeed find work at that age, which is not a given especially with his background. How would these CEO's manage this problem that so many ordinary Americans face?

Incidentally, I have proposed linking the enrollment age for Medicare Part A and Social Security with higher Medicare premiums for those that enroll early, just as benefits are cut on Social Security for those enrolling early. (I haven't called for raising the retirement age beyond current law for obvious reasons). That change only seems fair to me.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 11:10 PM

105. In response, American workers call for business leader's heads.

Fuck them. I have already doubled my working output without any compensation and the American worker's mortality age is dropping.
They won't be satisfied until we all drop dead before collecting even a penny of retirement. I have worked my whole adult lifetime and am tired. I cannot imagine mustering the strenght to work an extra month let alone five extra years.
This proposal ought to be shoved up the business leader's asses.

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Response to IDemo (Original post)

Wed Jan 16, 2013, 11:26 PM

108. US retirees call for raising taxes on business executives

I almost said something about human sacrifice, but that would be cruel

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Response to IDemo (Original post)

Wed Jan 16, 2013, 11:27 PM

110. Fuck you corporate merika!

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Response to IDemo (Original post)

Wed Jan 16, 2013, 11:37 PM

113. They should go to hell

For even talking like this.

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Response to daleo (Reply #113)

Thu Jan 17, 2013, 04:21 PM

141. +1

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Response to IDemo (Original post)

Thu Jan 17, 2013, 01:56 AM

119. Idiots.

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Response to IDemo (Original post)

Thu Jan 17, 2013, 08:28 AM

125. why 70? Why not 105?

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Response to IDemo (Original post)

Thu Jan 17, 2013, 08:58 AM

127. Excellent chance for the WH to show its populist streak

"I'm sure the 1% would love for the rest of the people to work until they die, but this suggestion is wrong-headed on so many levels it's difficult to count them. Suffice to say we will be initiating a movement to make the retirement age 60, not 70".

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Response to IDemo (Original post)

Thu Jan 17, 2013, 09:57 AM

134. But none of them would want to hire or employ 60 plus Americans!

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Response to IDemo (Original post)

Thu Jan 17, 2013, 11:13 AM

136. SS Disability benefits would increase as applications explode

For those with chronic illnesses in their 60's , Social Security Disability claims and approvals would increase tremendously so raising the regular retirement age would not save as much as people think. But many more people who develop serious conditions and either try to continue work or die before ever applying would never get a penny back. Already at the current age requirements numerous friends and relatives of mine have died before getting much if any Social Security.

These recommendations are not fair or practical for average workers with limited finances and physically and/or mentally stressful jobs.

Best solutions are to simply increase income taxes on benefits drawn by wealthier and increasing Medicare premiums for wealthier plus raising payroll tax cap..

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Response to IDemo (Original post)

Thu Jan 17, 2013, 11:17 AM

138. Monkey Wrenching and Sabotage

Employees that are well treated and cared for are essential to a successful business. The pinhead CEO's in this organization are sabotaging their own businesses by treating their employees poorly. These businesses need to fire their top management and find executives who are more inclined to sympathize with the well being of their employees and thus improve the bottom line of the business. Until then, the employees should use monkey-wrenching and sabotage to undermine these pricks.

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Response to IDemo (Original post)

Thu Jan 17, 2013, 11:25 AM

139. Fuck the suits!! After this LAST election, they should have the least public media amplification,

even if they've the most money. They should have coninued FICA deductions on all their paychecks over $400,000. Then the fund would remain solvent.

As Geithner has raided the Government Employees' Pension Fund a number of times in the past, politicians are similarly getting comfortable with helping themselves to someone else's cookie jar.

The public must stand up to these chiselers, pass a bill that makes SS a lock box, and force Congress to stop embezzling public funds to cover their bad stewarding of their spending half of the ledger.

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Response to IDemo (Original post)

Thu Jan 17, 2013, 09:23 PM

142. when these CEO's start hiring people in their 60's, I'll listen

right now,

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Response to IDemo (Original post)

Fri Jan 18, 2013, 12:05 AM

147. I just emailed this article to my soon-to-be 17 year old son

They really want MY SON to work 52 years to retire ? That's f****g crazy. It's bad enough that he has to work (I think) 49 years to get full SS benefits, but an extra 3 years on top of that ?

The cap on SS taxable earnings needs to be lifted. This is horrible and unjust, especially
for our kids and grandkids.

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