Originally Posted by dynalow

Exactly.

SS full retirement age needs...and will eventually go out to 70. Early at 62 needs to go to 65 now.

Then we need to adress the govt and public employee retirement systems.

Start with the military and other retirement programs that have 20 & out at 50% and health care, etc for life with cola etc. Don't misunderstand me. I'm not anti-military. Far from it. But think about it.
A teen enlists out of high school, pulls 20 yrs and "retires" at 38. Then he draws retirement pay & life time benefits for the rest of his life.....another 40 years. That's unsustainable. So too are public employee pensions where you gin up your last year or 3's income and retire as a Port Authority transit cop with a lifetime pension of 100,000k, plus, plus, plus. I know a guy that's doing it.

This SS discussion is ironic, given how the French are rioting over being forced to delay retirement to 62! Sacre Bleu!! Tel misere!! Oh the pain and misery.
...and given how Britian plans to cut govt spending..
http://www.guardian.co.uk/politics/video/2010/oct/20/spending-review-george-osborne-video