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12:23 PM
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Subject
Obama's new social security cuts: removes essentially 3 months pay out of a year.
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[quote:Anonymous Coward 7570540:MV8yMDkyNDYxXzM1MjI3MzU2XzE3QjlDNDQ5] What the government really needs to do is stop all these government workers from retiring after 20 or 30 years. Vest them and let them beginning collecting at 67 like the rest of us. Then, don't offer such programs for new hires and let them get SS when they are elderly like everyone else. Use the surplus gained from this to help fund SS. Next, they need to immediately raise the retirement age to 70. Seventy isn't old and feeble today unless you didn't take care of yourself. Then, they need to charge a surcharge on life-style related health issues. Why are we supplementing fat old people's alcohol issues, heart care, type II diabetes? [/quote]
Original Message
According to the AARP, "A typical 80-year-old woman will lose the equivalent of three months worth of food annually" under this plan.
This is a bad deal for current retirees. And it'll hit future retirees even harder, because the proposal cuts Social Security more and more with each passing year. After 10 years, benefits would be cut by about $500 a year for the average retiree. After 20 years, benefits would be cut by about $1,000 a year. And beyond that, it just gets worse.
[
link to www.aarp.org
]
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