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Social Security Benefits Only for Needy?
One way to fix Social Security would be to limit payments only to those who need them, according to House Minority Leader John Boehner (R-OH). In an interview with the Pittsburgh Tribune-Review, he added that increasing the retirement age to 70 for those age 50 and younger would also be necessary.
“We need to look at the American people and explain to them that we’re broke,” Boehner said. “If you have substantial non-Social Security income while you’re retired, why are we paying you at a time when we’re broke? We just need to be honest with people.”
Separately, House Majority Leader Steny Hoyer (D-Md.) echoed Boehner: “On the spending side, we could and should consider a higher retirement age, or one pegged to lifespan, more progressive Social Security and Medicare benefits, and a stronger safety net for the Americans who need it most.”
Read more: The New American