Investors lose a trillion dollars in one day

[Danzig]

Originally Posted by jms62

It's all well and good and I'm sure folks really wouldn't mind working to 67 or 70. There is a fly in the ointment though. THERE ARE NO JOBS for these people to work at and as they get older they are more than likely to get RIFed if they work for a company. Policy makers are BLIND to that probably because most people only look at their circumstances and extrapolit that out. Policy makers are supposed to look out for the populace.

which is why i said the govts first priority should be doing everything possible to get hiring going.
the point of all that above is that ss isn't just in need of a 'tweak', that it has no need of anything being done right now. the longer they wait to do something, the worse it'll get-not better. the gap will be larger, the debt higher, the ability to close the gap more difficult, and the necessary increases in taxes...er, revenue enhancements will be virtually impossile to accept.
changes need to be done, now, and need to have automatic adjustments in future. this problem will not go away.