Tag Archives: alan simpson

Deficit commission’s plan has America–saving potential

(Centennial Fellow) For an example of the genius of a recently floated, reform–government, multi–trillion–dollar debt–reduction plan, look at how it would salvage Social Security while simultaneously tickling the fancies of experts left and right.

Maybe you don’t like the provision raising the benefits retirement age to 68 and then 69, but read on. The changes don’t happen for decades, people are already living and working longer than when previous retirement ages were decided, the provision includes rescue clauses for below–age employees in tough spots and it would save gobs of money. Continue reading