AP: Raising S.S. retirement age hurts poor, minorities, and Social Security itself

[G_j]

http://news.yahoo.com/s/ap/20101118/ap_on_bi_ge/us_social_security_retirement_age

AP Exclusive: Raising retirement age hurts poor

By STEPHEN OHLEMACHER, Associated Press Stephen Ohlemacher, Associated Press – Thu Nov 18,

6:39 pm ET

WASHINGTON – Raising the retirement age for Social Security would disproportionately hurt low-income workers and minorities, and increase disability claims by older people unable to work, government auditors told Congress.

The projected spike in disability claims could harm Social Security's finances because disability benefits typically are higher than early retirement payments, the Government Accountability Office concluded.

The report, obtained by The Associated Press ahead of its scheduled release Friday, provides fodder for those opposed to raising the eligibility age for benefits, as proposed by the leaders of President Barack Obama's deficit commission.


"There's more to consider than simply how much money the program would save by raising the retirement age," said Sen. Herb Kohl, D-Wis., chairman of the Senate Special Committee on Aging. The report shows an unequal effect on certain groups of people, he said Thursday, and many of them "would have little choice but to turn to the broken disability program."

..more..

[Flying Dream Blues]

1. GOP: "So?" nt

[DCKit]

2. Orange Boner, Cantor, et al: "That's the point." n/t

[G_j]

4. nailed it nt

[senseandsensibility]

10. +1,0000

You nailed it.

[blindpig]

5. This will be a bipartisan effort.

The ruling class is hot for this, their servants will at accordingly.

[Flying Dream Blues]

6. Disillusioning, to say the least. nt

[Individualist]

9. It already is

"as proposed by the leaders of President Barack Obama's deficit commission."

[bobbolink]

13. And according to DUers on another thread, its all OK, cuz it won't be noticed until it hits the

top 2%, so no big whoop.

Yup, DU just LOVES poor folk.

NOT.

[toddwv]

3. Sounds like the right wing's wet dream

[Tierra_y_Libertad]

7. It's their own fault. They should have become wealthy politicians working for the corporations.

[Poboy]

8. k&r

[maryf]

11. k&r

lets be like France on this...

[WillyT]

12. K & R !!!

:kick: