Quote:
Originally Posted by tophcfa
Folks born in 1960 have already had their retirement age raised 2 years. Hopefully any future benefit reductions won’t apply to anyone already 65 or older, but I certainly wouldn’t bank on that?
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I would bank on it. You people, seriously? Old people like us vote. Any politician that cuts benefits will be unemployed after the next election, any of them. Period. They will fix it sooner or later, but I would be willing to bet a large sum of money the "cuts" will be increasing the retirement age for people in their 30s right now, a small increase in the taxes, increasing the income "cap" on SS taxes for high earners, etc. It will not involve cutting benefits to current or soon to be retirees. If you believe this, I have some beautiful farmland in Arizona to sell you, right on the ocean. Seriously people.