We are broke. The country. The state. All of us.
And it’s time we face the music and take the required steps to address that fact.
And for the first time that I can remember* Social Security has been brought up.
Earlier this year I posted my solution to the Social Security problem. It contained two parts:
1. Mean testing
2. Weaning us off of the system entirely.
Now, different age groups would see different changes, many to be controversial to be sure. But then again, we are where we are because no one wants to make tough decisions. But so far, I haven’t seen or heard anyone actually trying to implement these changes.
He’d favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation and limiting payments to those who need them.
“We need to look at the American people and explain to them that we’re broke,” Boehner said. “If you have substantial non-Social Security income while you’re retired, why are we paying you at a time when we’re broke? We just need to be honest with people.”
I like it!
Go fix Social Security.