Fix Your Head: Republicans are demanding that the federal government slash the Social Security retirement age to 70 by 2022, citing the growing threat of impotency.
“The problem with this plan is, it will not cut the costs of retirement,” Sen. Mike Lee, R-Utah, told The Fix in a statement.
“I’m the only Republican senator who voted against the bipartisan plan to cut the age of retirement.
We must stop pretending that there is any chance to reduce the costs.”
Lee is a frequent critic of the bill, which is set to be considered by the Senate in the coming weeks.
Lee has said that cutting the age would cost the federal budget about $1 trillion over a decade.
In addition to the cuts in Social Security, the bill would also cut federal health care funding and cut the amount of Medicare the government pays out to seniors.
“This is a huge threat to the health of our seniors and to the solvency of our nation,” Lee said in a video address to the National Association of Retired Persons (NARP) on Thursday.
Lee has also proposed that the Social Services Administration be privatized. “
We must end the threat of Social Security age cuts and cut our way out of this crisis.”
Lee has also proposed that the Social Services Administration be privatized.
“If you’re going to cut back Social Security and Medicare, you have to privatize it, too,” Lee told the NARP.
“You have to take the costs off of Social Services, not off of the taxpayers.”
He also said that a new law allowing people to purchase their own private health insurance would cost about $10 billion per year.
“There are so many good things in this bill that the government can do to fix this crisis,” Lee added.
“That’s why I support the legislation.”
The bill would cut back the number of federal employees by more than 1 million, and by as many as 1.5 million, according to the nonpartisan Congressional Budget Office.
The budget office said the changes would cost $6.5 trillion over 10 years.
The Congressional Budget office, which produces the official score of bills, said it would be a major economic burden to many people, especially older Americans.
“These changes are likely to hurt the retirement plans of older Americans the most,” the CBO said.
For these reasons, we recommend that Congress pass a supplemental budget resolution to provide additional revenue to pay for these changes.”