tag:blogger.com,1999:blog-8537995.post109914891226903066..comments2023-10-29T10:54:58.681-04:00Comments on Vox Baby: How to Reform Social Security, Part IIAndrewhttp://www.blogger.com/profile/13514024573333057559noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8537995.post-1108658401527707782005-02-17T11:40:00.000-05:002005-02-17T11:40:00.000-05:00While the need to increase retirement age as life ...While the need to increase retirement age as life expectancy increases is indisputable, a few comments are in order. <br />First, in the 1930's the age of entry into the work force was much lower. High School graduates were a minority, and most workers were working and contributing to SS before they were twenty, not 22 to 25 as is the case today.<br />More significantly for planning purposes is Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1099465576296869802004-11-03T02:06:00.000-05:002004-11-03T02:06:00.000-05:00But what about the larger problem, Medicare? The c...But what about the larger problem, Medicare? The current administration has made this worse with last year's Big Pharma subsidy act. Extending retirement in theory helps this problem as well. However, you are exposing the majority of our older work force to being dumped from the work force without either retirement or health care. I suspect employers will not want to shoulder the cost of the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1099361977219264732004-11-01T21:19:00.000-05:002004-11-01T21:19:00.000-05:00Generally people are so healthy today at age 65, i...Generally people are so healthy today at age 65, it does not make sense to turn them out of the workforce. If people reach 65 their life expectancy is close to 90 years old.<br /><br />It will be difficult for people to have 25 years of retirement both financially and psychologically. The retirement age should be raised to age 70.Jakehttps://www.blogger.com/profile/09208548778259311459noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1099345159010666522004-11-01T16:39:00.000-05:002004-11-01T16:39:00.000-05:00While solvency is always the problem raised in reg...While solvency is always the problem raised in regard to SS, in the long run I don't believe solvency is the real political problem of SS any more than it is of the Defense Department or Department of Agriculture.<br /><br />The real issue that in all likelihood will drive the politics of changing SS is the fact that in the future masses of people are going to be getting back from it much less JGhttps://www.blogger.com/profile/11164150812219689611noreply@blogger.comtag:blogger.com,1999:blog-8537995.post-1099324815431669562004-11-01T11:00:00.000-05:002004-11-01T11:00:00.000-05:00Andrew,
Although it is not necessarily in conflic...Andrew,<br /><br />Although it is not necessarily in conflict with your recommendations, I have an alternate economic view of unfunded mandates in general, which I have demonstrated in a short example here. -<br /><br />http://catallarchy.net/blog/archives/2004/10/31/why-unfunded-mandates-cannot-be-effectively-funded-in-advance/<br /><br />Any comment that you may care to make would be Anonymousnoreply@blogger.com