CEOs: Raise age for Social Security and Medicare

  • Article by: JIM SPENCER , Star Tribune
  • Updated: January 16, 2013 - 9:11 PM

Budget plan from U.S. business leaders also calls for subsidies for senior citizens to buy insurance.

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pipdipchipJan. 16, 13 4:19 PM

I'm all for it. I'm saying this as a 24 year old who is paying into Social Security and never expecting to see any of it. I'm really not expecting any government entitlements when I get to retirement age. I'd rather have a strong country than some extra retirement money in 40 years.

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luzhishenJan. 16, 13 4:19 PM

"The plan from the Business Roundtable also pushes an expansion of public subsidies to senior citizens to purchase private health insurance and advocated a cut in Social Security cost-of-living adjustments." -cut CEO salaries first. UHG and Medtronic calling for this is...well, predictable.

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editor25Jan. 16, 13 4:19 PM

"Top CEOs call for raising Social Security age." Duh, dog bites man. No story there - which of THEM would actually NEED Social Security? More destitute seniors = more poor cerfs competing for minimum wages jobs. These people have no conscience.

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utopiaJan. 16, 13 4:22 PM

Requesting changes to SS and Medicare by the people who are the very very last in the world to ever need them. Yeah...

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Packman_1Jan. 16, 13 4:28 PM

How nice of them. I have a different suggestion: eliminate the earnings cap on SS contributions so these type of people have to pay into SS on every dollar they make, not just the first $110k.

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prudedoodJan. 16, 13 4:29 PM

To save even more money...No one should be eligible to start receiving social security payments until they burn their pile of net assetts down to less than $1,000,000. How about that idea Fat Pants Stock and Bonus Boys?

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chavistaJan. 16, 13 4:31 PM

This sounds like a great idea. Of course the CEOs sit behind a desk in a plush chair all day and have millions or billions to retire on at any time, while the guy that works for a living is breaking his back.

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dtmonkeyboyJan. 16, 13 4:39 PM

It is already 67 for those who are under 45. You could raise it to 68 for those under age twenty-five; Age 69 for those under age ten and 70 for those not born yet. This alone would allow social security to continue for another 100 years. If you also taxed 90% of all earned income like they did in the 1980's you would gain another 50 years (currently only 83% of all income is taxes). And, if yu did very mild means testing you could ensure another 100 years....for a total of 250 more years!!

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luzhishenJan. 16, 13 4:42 PM

Raise the retirement age and cut retiree income while subsidizing UHG, Medtronic, and CEO salaries...what's not to like?

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farcicalJan. 16, 13 4:43 PM

Oh, and by the way, we'll be expanding the workforce, which just so happens to decrease wages and salaries. But we really care about a federal budget concern that is fully funded for the next couple of decades.

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