(Anne Eller, WLMA contributed to this report)
The battle over the budget between Republicans and Democrats continues in Congress, with the Republican majority House resigned to the fact that the budget proposal they passed in the House Saturday will not likely pass the Democratic controlled Senate. The GOP spending proposal includes $61 billion in cuts, well short of the $100 billion in cuts pledged by Republicans in the last election. Upstate Congressmen Jeff Duncan is one of the GOP freshmen frustrated by choices made by House leaders. Duncan says hard decisions must be made and that would include a adjustment to entitlements.
We’ve got more takers than we have makers in this system. We’ve got huge entitlement spending with Medicare and Medicaid. Social Security should pay for itself, but it goes back to the 1960’s when they made changes and started tapping into that money and that’s wrong. So we’ve got to make some hard changes to Social Security.
Duncan says persons who are 10 years or more from the retirement age of 65 must begin to realize that some painful adjustments must be made to Social Security.
I’m not talking about affecting the benefits that people are getting today; but folks that are under 55, my age (35) , and younger ought to really think that there are going to be changes to Social Security from the present system.
Members have suggested adjusting the Social Security retirement. Today, the so-called normal or full retirement age is 66, up from 65 a decade ago. It is scheduled to increase by two months a year starting in 2017 until it reaches age 67 in 2022. Meanwhile, 62 remains the age at which those who retire early can collect a percentage of their full benefits.