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Reply With QuoteI'm guessing because people would retire and new hires can take their place. That's how my dh has his job...everyone kinda got retiring age around the same time and they had to do major hiring?
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How is this supposed to help the economy? I wish the government would stop trying to help so much!
Lawmaker wants retirement age lowered to 60 for six months - The Hill's Blog Briefing Room
Congress could temporarily lower the age at which Americans can claim Social Security benefits as a jobs bill, Rep. Dennis Kucinich (D-Ohio) said Sunday.
Kucinich, a liberal Democrat from the Cleveland area, said a $15 billion proposal he's floating would create 1 million jobs for the U.S. economy.
The two-time presidential candidate's proposal calls for a six-month period during which people could retire at the age of 60. The program would be funded by $10 billion in bailout funds, and $5 billion in stimulus funds.
"It's voluntary and the idea is that since we already know that 70 percent of people are taking early retirement at age 62, this idea that I have would say that -- just for a limited period, on a voluntary basis only -- if people want to take retirement at age 60, we calculate that maybe a million people would take that, and create a million job openings and enable people to move into the workforce, while others would have their retirement secure," Kucinich said during an appearance on Fox News.
The congressman's proposal comes after the House had passed its own jobs proposal. The Senate is set to take a vote on its own, different $15 billion jobs bill this week.
Re: How is this supposed to help the economy? True, that IS how it looks on paper.
However, I don't see how encouraging productive taxpaying citizens to become government dependents helps the economy overall. Nothing is being created except a million more people who expect the government to pay their bills.
Re: How is this supposed to help the economy? Is this what you think about people that retire? I am assuming that you never plan on retiring then.Originally Posted by Dengineer
What's better a million people collecting maybe $400-$600 a month social security or a million families on food stamps, medicare and/or WIC because they don't have a job?
Most people do not live off the government when they retire. They have pensions, 401K plans or just a plain old savings account. I know it's hard for you to understand that not everybody mooches off the government but that isn't always the case.
Re: How is this supposed to help the economy? It also include people who do not have savings and now working odd jobs, part time jobs or jobs paying barely above min. wage, who's SS payments would be less then poverty level so they will have to apply for supplements anyway. This time they will qualify.
People's pensions now worth much less then they hoped, they wouldn't be able to maintain their lifestyles, whoever has a pension plan would want to continue working as long as they can to stretch it.
Out of million jobs substantial part might not get filled: duties divided among existing empliyees or position eliminated. The rest of it might be filled at less then they used to pay in actual money and benefits.
Re: How is this supposed to help the economy? Probably not. DH and I plan to be productive right up to the end of our lives.
Tomato/To-mah-to. Thanks for proving my point that this does nothing to help the economy!What's better a million people collecting maybe $400-$600 a month social security or a million families on food stamps, medicare and/or WIC because they don't have a job?
Re: How is this supposed to help the economy?
Well if you have parents or grandparents that are retired, I suggest you get over there and tell them they are mooching off the government and get out and get a job.
I didn't prove your point. Having a family on government assistance costs more than an individual will get for retiring.
I have a brother who just turned 60. He has worked at the same place since he was 18, except for four years when he was in the Navy, serving our country during the Vietnam War. After the Navy, he returned to work at the same place. He has worked there 42 years. Are you trying to tell me that he doesn't deserve the Social Security that he has payed in all these years...especially since he put his life on the line so people like you could have your freedom to have a job and to be able to have the freedom of talking on a message board and bash those that aren't as good in your eyes?
Re: How is this supposed to help the economy? Please come back at 85 and let us know how that productivity is going. What you "plan" and what actually happens can be two entirely different things....as it's hard to "plan ones health" when one is old...no matter how well you take care of yourself.
Usually I think Dennis...is well...one crazy nutjob...well okay...I still think that...but what he's actually trying to do...is get unemployment to go down...which is what this would do.
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Re: How is this supposed to help the economy? actually I see that troubling trend right now: people who has been with a company for dozens of years, have experience and earn seniority pays, are let go, replaced with straight out of college kids for less then half wages.
who suffers? the customers of this company who doesn't receive the product and service they used to. So far the cost of the product drives the market, but the customer's patience is not endless.
