The Washington Post Has Not Heard that the Retirement Age for Social Security Has Been Raised
|Wednesday, 07 July 2010 05:08|
In her column bashing AFL-CIO President Rich Trumka, Washington Post columnist Ruth Marcus complains that Trumka got angry at the suggestion that the retirement age for Social Security be raised in response to the increase in life expectancy in recent decades. Apparently, Ms. Marcus did not know that the retirement age has been raised already. In 1983, Congress voted to raise the normal retirement age from 65 to 67 over the period from 2002 to 2022. Ms. Marcus seems unaware of this 27 year-old law.
Marcus also implies that Trumka believes that the country's fiscal problems can be solved exclusively by taxing the rich. This is not true. Trumka and the AFL-CIO have consistently been strong proponents of measures that would make the U.S. health care system more efficient, such as a public health insurance option and negotiated prices for prescription drugs.
Such measures would make health care much more affordable for both the public and private sector. If per person health care costs in the United States were the same as in any other wealthy country, the United States would be looking at huge long-term budget surpluses rather than deficits. It is difficult to understand how Marcus could have missed this aspect of Trumka's political agenda.
It is important also to note that measures that reduce the trend toward growing inequality, such as improved corporate governance that reins in CEO pay or a trade policy that is not designed to increase inequality, would also have beneficial budgetary impact. As more income goes to those at the middle and bottom, there would be less need for various government transfer programs. It would be useful if Post columnists would try to directly address the agenda of the unions, rather than caricature it in order to discredit it.