Thursday, January 12, 2012

CFRB: Raising Eligibility Ages Is Good for the Budget...and the Economy

The Committee for  Responsible Federal Budget weighs in on yesterday’s CBO report on raising the Social Security and Medicare retirement ages:

“Over the past couple of years, we've been arguing that raising the Social Security and Medicare ages could be an important part of a fiscal reform agenda. In prior posts, we've showed that increasing the Medicare age would protect--and indeed increase benefits -- for the most vulnerable, increasing the Social Security normal retirement age is actually somewhat progressive, and increasing the Social Security early retirement age can help increase benefits for older workers. We've also shown that these policies could lead to substantial budgetary savings and could help grow the economy by encouraging work and savings.”

Read the whole discussion here.

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