Tuesday, December 11, 2007

Not to Add Extra Pressure to the Economy or Anything

In addition to a credit crunch, a housing crisis, high oil prices, a weakening dollar and imported inflation, there's that whole minor have-to-jack-up-the-taxes-to-pay-for-the-Baby-Boomers-retirement-thingy;

Actually, if you really wanted to boost the economy, stock market, America etc., increasing the retirement age to 70 or the Baby Boomers enmasse patriotically opting to work until they're 70 would be just the shot in the arm America needs.


Anonymous said...

What happened to the money the Boomers paid in to Social Security? If there was an obvious problem with Boomers retiring like everyone else who hits retirement age you would think that maybe someone would say something before Boomers poured all that money into a system that wasn't going to be there for them.

Anonymous said...

Captain, over at http://www.ssa.gov/OACT/solvency/provisions/ there is a list of “Provisions That Could Change the Social Security Program.” You get to play politician by plugging in the reform or reforms of your choice and see what effect it has on the solvency of the program over the next 75 years. Take a look and give it a shot.

Anonymous said...

Another GREAT reason for the FairTax!

Anonymous said...

The federal government will not need to increase the retirement age to 70 for bommers. Most will have to work past that age to make ends meet, out of necessity. Not every boomer is or will the yuppie, L.L. Bean cloths wearing, Satrbucks drinking, well-off, financially secure Americans most pundits make us out to be, especially the trailing edge segment of that generation.

Danny L. McDaniel
Lafayette, Indiana

Captain Capitalism said...


I'm not holding my breath. I wish the Greatest Generation was in charge.