Social Security stays in budget cross hairs
The Kansas City Star
Now a group of chief executives has their eye on “helping” Social Security and Medicare.
But it is the workers who will feel the pain if the Business Roundtable has its way. The CEOs are pushing to gradually increase the full retirement age to 70 for Social Security and Medicare and partially privatize the health insurance program for older people.
Sixty-six is the age when benefits current hit. Boosting the age would help the funds last longer, and it would mean more people would die before ever collecting a dime of the funds they paid into the systems.
For workers, that would hurt. Any politician who plans to follow through on the CEOs plan would feel the pain, too.