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View Diary: Should Americans Forgive the $2.5 Trillion Borrowed From Social Security? (181 comments)

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  •  Interesting. How about adding 7 years to it? (1+ / 0-)
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    Roger Fox

    Would it really scale linearly?

    Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

    by Robobagpiper on Mon Dec 03, 2012 at 08:22:14 AM PST

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    •  Look at the link I dropped (0+ / 0-)

      Its a great chart.

      retirement at 70 would equal .3% of GDP

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Mon Dec 03, 2012 at 08:53:36 AM PST

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      •  That's raising the age. (1+ / 0-)
        Recommended by:
        Roger Fox

        What about lowering it? That's what we're talking about.

        After all, with many people taking reduced benefits at 62 and 65 becoming suddenly eligible for full benefits, should the retirement age be lowered - and a greater fraction of people alive to collect benefits for several years, it can't be that small of an effect.

        I imagine that raising the age will have a smaller effect for the same number of years as lowering it because more people would opt to take the smaller benefit early, partially offsetting the savings, coupled with the mortality issue.

        Non enim propter gloriam, diuicias aut honores pugnamus set propter libertatem solummodo quam Nemo bonus nisi simul cum vita amittit. -Declaration of Arbroath

        by Robobagpiper on Mon Dec 03, 2012 at 09:36:24 AM PST

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    •  Remember in low cost scenario (0+ / 0-)

      the Trustees tell us the Trust fund is not depleted thru 2090.

      And thats not touching a thing in SS, just fixing the economy.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Mon Dec 03, 2012 at 08:56:45 AM PST

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