Should the U.S. raise the Social Security retirement age?
(By – Moneytips.com)
If you want pure entertainment, put a bunch of politicians in a room full of seniors and discuss raising the Social Security age. Chaos will ensue.
The stereotypical political arguments will probably break out. Republicans are all mean old men who want to take benefits from seniors and let Grandma live off cat food. Democrats are reckless spendthrifts who ignore potential insolvency and pander for votes regardless of the effect on taxpayers or the country at large.
As fun as stereotyping may be, there are serious people with reasonable arguments on both sides of the issue. Republicans are right in that the system is faced with increased costs that must be dealt with, and Democrats are right to voice concerns about the effect on seniors. Read more…