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The Democrats need to immediately trumpet this thing from the rooftops. The GOP wants to take away Social Security and Medicare. 170 of them put their names on this budget, if NBC is to be believed.
The Republicans want you to never be able to retire, and they want you to never have the healthcare that your parents and grandparents had or that they themselves enjoy. They want you to be poor and stay poor, and they want the same for your children.
Republican voters will accept it wholeheartedly simply because a Republican suggested it. Then they'll view themselves as heroes who made a huge sacrifice for the good of the country when really none of this needed to happen and the country's just getting worse. Of course, when they actually get to retirement age they'll be confused and angry as to why THEY can't retire yet; after all, they're heroes!
Honestly this might be the only thing that gets my parents to vote in their best interest. Because theyre slightly over one presidency away from retiring.
It won’t impact anyone who retires in the next 15-20 years. I guarantee it. They’re targeting Gen X and millennials with this one.
GenX will largely be retiring in the next 15-20 years. So if your estimate is true, its squarely targeting Millennials. Goddamn, how much more can Millennials take? They were in college at the peak of tuition costs, with high student loan interest rates, graduated right into the time of the Great Recession, having their career progress stunted by the pandemic, haven't been able to save for retirement on their own, and now Republicans want to raise the bar again so they can't retire on Social Security until later, and even when they do they'll get lower payouts?
I can't even imagine what Millennials are feeling now.
Yea I suppose it’ll be the younger gen xers impacted. But yea, it’ll be us millennials that get fucked the hardest by these boomers.
Mostly im feeling hopeless, but that’s in no small part because I’ve been unemployed for 3 months and have only landed one interview in that time.
Gen X will be retiring never. I'm older genX and nope. It's true we are close to the age our parents did (well, not my parents actually, dad died in his 50s and Mom worked till mid 70s) but no, the "wealth transfer" will skip us, we will just work, barring disability, straight through. I take my PTO, work out, and try to move through life at a sustainable pace in general.
🌎🌞🔥👹😎
They want you dead if you're not profitable.
I guess if they won't shout then we have to. Surely we know some older people who need to know this...
Not just make noise, but propose an alternative of raising the income limit on social security, and mandate contributions for capital gains.
they wont. the conservative democrats dont care about optics.
Republicans are scum.
"modest adjustments to the retirement age for future retirees to account for increases in life expectancy."
Not only will you live longer ,which is false. We saw the greatest decrease in life expectancy due to COVID and opioid overdose we will exploit that too in the name of Almighty Mammon and seek to make sure you never enjoy it.
Should we behave like the French when they raised the retirement age and riot?
Well, this is currently just a dream in the hearts of most Republicans, so there's still time before it might get implemented. We should probably riot that our existing retirement age is already too high though.
Damn you, I'm in
Gotta love republicans "the spend and print regime" was bi-partisan and, importantly, initiated under Trump. Further they've continuously held control of the Senate while Biden has been in power and the house since 2022.
Finally the Affordable Care Act was a republican bill that Obama compromised on instead of the Democratic proposal, to get some improvements through. It's always amusing when Republicans now shit all over it...
They want to strip social security to pay for more tax cuts for the top 1%
You have to work more so rich people pay less taxes than you.
That only seemed plausible back when we were starting to live longer and stay healthier.
That train left the US quite a while back.
The problem with this is that living longer isn't really the same as "has extra productive years of labor". Not dying of cancer at age 75 is living longer, but you're still old. Even desk jockeys are slowing down in their 60s, let alone people performing physical labor. They've given their best years to the economy and deserve to have a little time to enjoy their life before they're too infirm to do anything.
Hence the part where I also said and healthier. I've seen some 70 year olds with a lot of strength and energy left to burn. I've seen others that look like they might need a breather after walking 20 feet.
There have always been a lucky few who seem vital late into life. It's irrelevant to when retirement age should be, because that limit is applying to people who haven't had that good fortune (and/or top notch preventative care throughout their lives). Even if your argument is that there are more of those lucky elderly, that's far from a universal gain.
We've had 40-some years of productivity growth disconnected from wage growth that all of them (and us) have fed into. The wealth exists, it's just been sucked away by their employers all these years. They deserve to benefit from it and have some time to spend with their grandchildren or finally take the vacation they never had the time for earlier. The economy doesn't need hale and hearty 75 year old workers waiting to get unsteady enough that their job finally kills them.
There is no way on earth that budget passes while Biden is President. But look for it to come back with vengeance if Biden loses.
Millenials (and maybe some younger GenX) will almost certainly be fucked. They will not touch any precious retirees because they know their voter base: "fuck the planet, fuck the youth, I got mine"
I am sure MAGA hats will cheer for this. Because it is their party proposing this and has to be good. Every rednack will love to work longer.
The ONLY THING Republicans will lead by example with: working until you're dead.
Oh yeah, well we call for lowering house republiQans.
Isn't life expectancy in the US lowering though?
That only matters if your goal isn't to destroy social security ( and medicare) like the GOP
This is the best summary I could come up with:
WASHINGTON — A new budget by a large and influential group of House Republicans calls for raising the Social Security retirement age for future retirees and restructuring Medicare.
Apart from fiscal policy, the budget endorses a series of bills “designed to advance the cause of life,” including the Life at Conception Act, which would aggressively restrict abortion and potentially threaten in vitro fertilization, or IVF, by establishing legal protections for human beings at “the moment of fertilization.” It has recently caused consternation within the GOP following backlash to an Alabama Supreme Court ruling that threatened IVF.
The plan became a flashpoint in the 2012 election, when Ryan was GOP presidential nominee Mitt Romney's running mate, and President Barack Obama charged that it would "end Medicare as we know it."
Notably, the RSC budget presents three possible options to address the projected insolvency of the retirement programs: raise taxes, transfer money from the general fund or reduce spending to cover the shortfall.
"Raising taxes on people will further punish them and burden the broader economy–something that the spend and print regime has proven to be disastrous and regressive," the budget says, adding that the committee also opposes "a multi-trillion-dollar general fund transfer that worsens our fiscal situation."
The RSC budget launches blistering criticism at "Obamacare," or the Affordable Care Act, and calls for rolling back its subsidies and regulations that were aimed at extending insurance coverage.
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