"Raising the retirement age would inflict further hardship among a group of workers who are likely to face health and economic problems in their 60s." –Doug Hart, President, Arizona Alliance for Retired Americans
According to The Washington Post, leading congressional Democrats “immediately recoiled” Tuesday from a new proposal to cut $600 billion in Medicare spending over the next decade — in part by raising the eligibility age. Sens. Joseph Lieberman (I-CT) and Tom Coburn (R-OK) unveiled the proposal as part of a bipartisan effort to produce the kind of savings necessary to achieve the $2 trillion in debt reduction both parties say is needed to convince lawmakers to vote to raise the debt ceiling.