Think You're Going to Retire Someday? Don't Count On It, If The DLC . . .
has their way.
Here's an excerpt from, and link to DLC President Edward Gresser's prepared remarks to the Commission On Fiscal Responsibility And Reform on June 30, 2010.
Rethink Retirement: If we reduce the number of physically and mentally fit people who choose to retire in their late 60s and early 70s, we reduce the government’s entitlement spending obligations. The simplest approach is to raise the retirement age, at minimum for workers in less physically demanding jobs. Other options could include offering ways to mix part-time and online work with partial Social Security benefits after age 67 and into the eighth decade of life, with somewhat higher benefits for in exchange for later retirement.
He did not follow his prepared remarks "word by word." There were also three other "experts" who testified in this segment of the hearing, probably worth listening to if you didn't catch it at the time.
Gresser did mention the "real reason" for wanting to raise the Social Security retirement age. You can listen to that portion at Minute 48:00 to 48:35.
He recommends that along with opening up high-skilled immigration (H1B Visas), slowing the growth of the retired population through "raising the retirement age" for those in the least physically demanding jobs (which makes no sense, since unskilled folks may take jobs with varying degrees of physicality involved) . . . will raise the growth capacity of the workforce (economy). At no time does he say that the Social Security Trust Fund is going broke.
“If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson
[BTW, I'm not the one asking for a beer, LOL! But a contribution to your local animal shelter would be great.]