Thursday, January 13, 2011

What Social Security Opponents and Many on the Fiscal Commission Don’t Want Young People To Know...

If you believe seniors earn too much money, then raising the Social Security retirement age is right for you!

(Raising the retirement age would reduce benefits. Benefits are already too low. The average monthly benefit for a worker is $1,164.)

If you like the idea of continued benefit cuts, then raising the retirement age is right for you!

(The normal retirement age has already been increased, for some it is as high as 67. This means a 30% reduction in benefits for those retiring at 62.)

If you like the idea of competing with your grandkids for jobs, then raising the retirement age is right for you!

(In April 2010, the unemployment rate for workers 55 and older was 6.7%, it was 19.6% for those under 25.)

If you welcome working more years before retirement, then raising the retirement age is right for you!

(In 1899, a 20-year-old could expect to work 39 years. In 1949, a 20 year-old could expect to work 42 years. Today, they can expect to work 45 years. Raising the retirement age would increase this number further.)

If you think the hard-earned benefits of a retired worker should be used to pay down the deficit, then raising the retirement age is right for you!

(Social Security has a dedicated funding source and has not contributed a penny to the nation’s economic woes. The deficit is the result of the Bush tax cuts for the rich, two wars, and the lingering effects of the worst recession since the Great Depression.)

If you think raising the retirement age will only affect seniors, think again!

(Raising the retirement age will not affect those already retired, but those 50 and under.)

Source: Alliance for Retired Americans

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