Thursday, December 09, 2004
Politics: Social Security
I'm by no means an economist, or even a semi-expert when it comes to fiscal policy, but...
What is the problem with upping the retirement age by a year or three?
People are living longer. It's a fact. So how could it hurt to work an extra year or two? Sure most of us hate our jobs, but in the grand scheme of things, it's like tacking on an extra ten or fifteen minutes at the end of the work day.
I'm intrigued by the personal savings account idea, but let's face it -- this problem doesn't have an easy solution, and total privatization of Social Security likely isn't the single fix.
I bring this up because one of the networks aired a story about Social Security during their evening news tonight, and it caught my attention during a round of channel surfing. It seems as though a large percentage of people -- is it along partisan lines? -- refuse to accept any solution that raises the retirement age. I'd just like to know why?
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What is the problem with upping the retirement age by a year or three?
People are living longer. It's a fact. So how could it hurt to work an extra year or two? Sure most of us hate our jobs, but in the grand scheme of things, it's like tacking on an extra ten or fifteen minutes at the end of the work day.
I'm intrigued by the personal savings account idea, but let's face it -- this problem doesn't have an easy solution, and total privatization of Social Security likely isn't the single fix.
I bring this up because one of the networks aired a story about Social Security during their evening news tonight, and it caught my attention during a round of channel surfing. It seems as though a large percentage of people -- is it along partisan lines? -- refuse to accept any solution that raises the retirement age. I'd just like to know why?
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