HELP US KEEP REPORTING. DONATE TO ORLANDO WEEKLY PRESS CLUB.

Thursday, June 4, 2015

Jeb Bush told Face The Nation he thinks the retirement age should be raised

Posted By on Thu, Jun 4, 2015 at 6:53 PM

click image PHOTO VIA DAILYTECH.COM
  • Photo via DailyTech.com

In a bold move that will surely capture all of the senior citizen votes in 2016, former Florida Governor Jeb Bush told CBS's Face The Nation that the retirement age should be raised. 

"We need to look over the horizon and begin to phase in, over an extended period of time, going from 65 to 68 or 70, and that, by itself, will help sustain the retirement system for anybody under the age of 40," he said in last Sunday's broadcast. 



Bush's argument is that Social Security will eventually owe more to retirees than the program receives, which is true. So, by raising the retirement age you're putting all the weight on younger workers to make up the difference.

As the Washington Post points out, fixing Social Security isn't that simple. 

"Proposals to raise the Social Security age often have the potential of hurting the poor. Wealthier people tend to live longer. As a result, they draw benefits for more years after they stop working until their deaths. Increasing the retirement age by the same amount for everybody could actually result in poorer retirees receiving benefits for a shorter period of time.

The details matter, though. As Andrew Biggs of the conservative American Enterprise Institute has argued, raising the retirement age might result in more Americans applying for disability benefits, because there will be several more years in which they might be injured or fall sick before they reach retirement age. Those disability benefits might make up some of the gap between rich and poor in welfare for elderly workers.


Tags: , , ,

We welcome readers to submit letters regarding articles and content in Orlando Weekly. Letters should be a minimum of 150 words, refer to content that has appeared on Orlando Weekly, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at feedback@orlandoweekly.com.

Orlando Weekly works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Central Florida.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Orlando’s true free press free.

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Read the Digital Print Issue

November 25, 2020

View more issues

Calendar

© 2020 Orlando Weekly

Website powered by Foundation