Jeb Bush Backs Hike in Social Security Retirement Age

[dixiegrrrrl]

11. A reality he does not get is this:

Loads of people went on Soc. Sec. disability, during these past 10 years of lousy economy, cause they were not old enough for retirement Soc. Sec.
( I am NOT talking about the state's SSI disability program).

So they got the disability, plus at least Medicare A.
When they turned 65, they were automatically switched over to reg. Soc. Sec. and could get Medicare B also.

Thus the Soc. Sec. system overall was paying out a lot of money.

Now, what happens when people have to wait till 69 for Soc. Sec.?
They will go on Disability if they can qualify, for longer, until they reach the 69 birthday mark.

What Jeb and his cohorts are not saying:
Since so very many Americans have been forced into minimal wage jobs, any Soc. Sec. due them is going to be much lower, cause it is based on amount earned.
But there is no plan for Washington to stop spending Soc. Sec. taxes as fast as they come in, leaving the program high and dry.
Washington takes the money and sticks an IOU in the ledger, payable in future Treasury bonds.
Lot of countries that used to buy these debo bonds are now selling them off.
Gonna be an interesting future.