09-21-2011, 11:19 PM
(09-21-2011, 08:53 PM)IMaDick Wrote: He needs to eat shit and die if he thinks making me work longer will get his ass in the whitehouse.
I hear what you're saying and I agree.
But, I do think that part of what makes the current SS program unsustainable moving forward is the fact that people live longer than they did when SS was first implemented. There are other problems too, of course. But, a fundamental challenge to the current program is that SS recipients are expected to live and draw benefits for a much longer time than was the case under FDR. So, it's pay for the same number of years (unless you raise the qualifying age), but benefit for 5 to 8 years longer than the program originally intended. I don't see how it can't work fiscally.
The program must change for the sake of younger and middle-aged workers, imo. Without changes, the well will run dry. I think, however, that people who have already been paying for a certain number of advanced years or have already reached a certain age should not be disadvantage by any future changes to the program. There needs to be a fair transition strategy from the existing program to the new program, whatever the new program entails.