Republican presidential candidate, Nikki Haley, says the retirement age in America needs to be raised in order to get control of the country’s debt. Here’s the full story.
Federal Entitlement Programs
In the United States, federal entitlement programs such as Social Security, Medicare, and Medicaid account for more than half of all government spending.
Raise Retirement Age
Republican presidential candidate Nikki Haley was asked how she would manage entitlement programs to get control of America’s “soaring debt.” Her answer was to raise the retirement age from 65.
Retirement Age to Reflect Life Expectancy
Haley said, “We change retirement age to reflect life expectancy instead of cost of living increases. We do it based on inflation. We limit the benefits on the wealthy, and we expand Medicare Advantage plans.”
“65 Is Way Too Low”
Haley did not specify what she thought the retirement age should be raised to, but she did say it would be tied to life expectancy. According to Haley, “65 is way too low” for the retirement age.
Don’s Not Buying It
Don on Twitter said, “Try selling that to a 65-year-old person who has been paying into Social Security for the past 45 years.”
Haley Blames Republicans
Nikki Haley blamed the Republican Party for its role in the increase in federal debt. She attacked her running mates saying, “You’ve got multiple candidates on that stage that said they wouldn’t touch entitlements.”
America Will Be Bankrupt
According to Haley, if they don’t adjust the entitlement programs in America, the other candidates are “basically going to go into office and then leave America bankrupt.”
Social Security and Medicare Will Be Bankrupt, Too
Haley said that Social Security would be bankrupt in ten years and Medicare would be bankrupt in eight.
“We don’t touch anyone’s retirement or anyone who’s been promised in,” said Haley. Her strategy is to tell younger Americans in their 20s that “the rules have changed” when they are coming into the system.
The Rich Are Getting Too Comfortable
Tonya on Twitter was upset with Haley’s idea to increase the retirement age in America. She said, “The rich are getting way too comfortable making these pronouncements.”
Tonya challenged Haley to spend a week in her shoes working retail and still suggest the retirement age be raised.
Not All Jobs Are Desk Jobs
Wendell on Twitter said, “People who advocate raising retirement age never changed a hotel bed, repaired a transmission, stood 8 hours behind a cash register, painted a house, laid new flooring, etc. for pay in their life. Not all jobs are desk jobs, peeps.”
Lower, Not Higher
Another Twitter user said, “Retirement age should be LOWER NOT HIGHER. Why do we work our citizens to the bone?!?!” Americans do not want to spend their entire lives working.
Life Expectancy Is Plummeting
Manual labor jobs take a toll on people. Many were confused by her idea to tie Social Security benefits to life expectancy since “life expectancy is plummeting” in the United States.
Physically Demanding Jobs
On Twitter, Tom said, “It is not pleasant to lay in bed with your back, shoulders, knees, and wrist hurting so badly you can’t sleep after spending all day carpentering.” His physically demanding job makes him want to retire at 65, not later.
It Doesn’t Make Sense
There was plenty of controversy surrounding Haley suggesting she would increase the retirement age in the US. Rory said, “So we can afford to send billions to other countries for war, but we can’t afford to pay benefits for – Americans?”
This logic didn’t make sense to Rory.
Haley Upset Americans
According to polls, Haley did better than expected at the GOP’s first presidential candidate debate. However, the very next day Haley upset a lot of people when she said “65 is way too low” for the retirement age.
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The post “We DO NOT Want to Spend Our Entire Lives Working” – Nikki Haley Proposes Raising the Retirement Age to Tackle America’s Debt Crisis and Take Command of the Nation’s Finances first appeared on Fistful of Dollars.
Featured Image Credit: Shutterstock / Juli Hansen. The people shown in the images are for illustrative purposes only, not the actual people featured in the story.