Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCEOs Want Americans To Retire Later
The Business Roundtable, a group representing the CEOs of the largest corporations in the nation including the biggest banks, retailers, and insurance companies is calling to raise the retirement age to 70. The group argues that Social Security is no longer affordable and plans to lobby Congressional lawmakers and the administration for its plan:An influential group of business CEOs is pushing a plan to gradually increase the full retirement age to 70 for both Social Security and Medicare and to partially privatize the health insurance program for older Americans. [...]
America can preserve the health and retirement safety net and rein in long-term spending growth by modernizing Medicare and Social Security in a way that addresses Americas new fiscal and demographic realities, said Gary Loveman, chairman, president and chief executive of casino giant Caesars Entertainment Corp.
Loveman, who chairs the Business Roundtables health and retirement committee, said the business leaders will be meeting with members of Congress and the administration to press them to enact their plan.
CEOs representing an organization called Fix the Debt have made the same argument. But the idea that Social Security is unaffordable for future generations is nonsense. The program can pay full benefits for decades, and nearly full benefits after that, with literally no changes. Minor tweaks such as raising the payroll tax cap can render the program solvent for three-quarters of a century. Social Security is also statutorily barred from adding to the federal deficit
http://thinkprogress.org/economy/2013/01/16/1460101/wealthy-ceos-retire-later/
This totally fucking sickens me. First of all fewer and fewer companies offer a defined pension. One cannot live on Social Security alone.
Secondly if one is 50 or older and gets laid off from their job it's more difficult for one that age to find a new job.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 628 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (1)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
CEOs Want Americans To Retire Later (Original Post)
Yo_Mama_Been_Loggin
Jan 2013
OP
And at the same time, they don't want to keep any of those 'expensive' employees
sinkingfeeling
Jan 2013
#1
sinkingfeeling
(51,470 posts)1. And at the same time, they don't want to keep any of those 'expensive' employees
over the age of 54.
theaocp
(4,244 posts)3. Exactly.
Anybody think they're going to keep folks around to see that retirement age? Fuck no! However, they sure want the money that would come from raiding ss.
upaloopa
(11,417 posts)2. Why do we burn insense to the alters of CEO's?
Fuck'em!