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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (97121)1/27/2005 12:17:05 PM
From: Volsi Mimir   of 793868
 
Note[ Q: The age at which workers get full benefits is rising to 67. Why would you lift it?

A: People in my grandfather's generation who got to age 65 paid into Social Security for 40 years got benefits for about 10. People in my grandson's would collect benefits for more than 20 years. As life expectancy increases, the disparity gets increasingly unfair across generations. An easy way to restore fairness and to make a huge impact on the actuarial deficit of Social Security is to have the retirement age go up in line with overall life expectancy -- in an automatic way so Congress wouldn't have wrenching decisions every few years.

How old is this guy?
2004-40= 1964 (remember the supposition is HE PAID 40 years) (65yr - 40= 25 years)
1964-25=1939 grandfather's age

1939+20= (daddy)1959 +20= (mr.G)1979
2004-1979= 25 years old ( Mr.Gramlich )

Now I know that isn't the case but Franklin Delano Roosevelt signed the Social Security Act into law on August 14, 1935
so now we just change that formula by 5 years to conform to the act and his statement.

Mr.Gramlich is theoretically 30 years old.(of course I chose 20 yrs as a generational bracket.)

My dad (youngest of 9) states his mom got social security benefits and hardly paid into it..... the great pyramid scheme.

My point is the propaganda by this 'veteran' seems to be in conflict by some reasoning-- please
help me with these discrepancies. I left many gapping holes in
my quick critique but as his point is the longer life criteria
is valid so is the pyramid scheme we have been exposed to.
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