Praise and Criticism: All in One Post

by Pejman Yousefzadeh on October 29, 2010

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Kudos to Andrew Sullivan for linking to this AEI study, which points out that extending the early retirement age for eligibility for Social Security “would extend the solvency of the Social Security trust fund by about five years, increase total annual retirement income as of age seventy for affected individuals by around 16 percent, and increase gross domestic product (GDP) by around 5 percent. Raising the EEA may be one of the most effective options available for improving retirement-income security and would improve the federal budget in one year nearly as much as the recent health reform bill was projected to do over ten years.”

A pity he continues to support a President and a party who ignore all of these facts, even as they regularly pat themselves on the back for supposedly being “reality-based.”

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