So I have agreed that a part of the debt deals we are facing here in the US should include SS and Medicare reform. It seems to me increasing retirement age and contributions would solve a LOT of issues.
However, liberals seem to say it may make it more expensive. Their argument is that by eliminating the healthiest (youngest) out of the pool by raising the retirement age, we are making the coverage more "risky" and thus, more expensive.
This doesnt make sense to me. First, those people would actually be paying into the system for a few extra years. We pay our whole lives to SS and Medicare. So if we add 2 more years of payments, shouldnt that be a good thing EVEN if when we go in, we are more likely to be "high risk"?
If you collect benefits for 2 years less, how can this increase the risk? I guess I see it more like a savings account. If you pay in for 2 more years, you simply have more money to go around, even if at the age when you access it you are more likely to spend more.
I guess I should be asking liberals to explain their position instead of conservatives. Does anyone see any valid points in either argument?
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