General Discussion
In reply to the discussion: Obama campaign REFUSES to disclose plans on Social Security, says discussion belongs with senators [View all]eridani
(51,907 posts)Do you think that everyone finishes school, gets a job, and stays in it the rest of their lives? That would make it easy to decide who has and who has not done enough physical labor to deserve earlier retirement. Otherwise, it isn't really possible.
There is in fact a better alternative to COLA calculations, known as CPI-E (elderly) which takes into account the very different spending habits of older people. Chained CPI is compound interest in reverse--you get poorer over longer time periods instead of richer.
Yes, our economy is fucked, but you don't need to put proposals for impoverishing and killing the elderly in order to deal with that.
Simpson-Bowles also discusses defense cuts, but some acceptable proposals are no reason to validate an entire package whose sole purpose is to enrich the 1% at the expense of the 99%.