New CBO report – Lower (not increase) the early retirement age! [View all]

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New CBO report – Lower (not increase) the early retirement age!
Submitted by Bruce Krasting on 01/15/2012 09:33 -0500

Congressional Budget Office Unemployment


At one point or another, all the big name politicians have indicated they would support changing the minimum Early Eligibility Age (EEA) rules for Social Security. Obama has said it, so has Boehner. Even guys who love Social Security, like Sen. Harry Reid, thought it might be okay. Many economists have publicly opined that raising the EEA for benefits is good economics, as the average life expectancy is higher than it was forty years ago. To me, the most significant evidence that a consensus is forming on this important issue is the fact that the ultimate supporter of the Grey Panthers, the AARP, came out with its support last year.

I think that all of these deep thinkers are wrong. In fact, a good case can be made for lowering the minimum retirement age from 62 to 60.

http://www.zerohedge.com/contributed/new-cbo-report-%E2%80%93-lower-not-increase-early-retirement-age