A Quote by Barack Obama

Cutting benefits is not the right answer. Raising the retirement age is not the best option. — © Barack Obama
Cutting benefits is not the right answer. Raising the retirement age is not the best option.
Raising the age of Social Security retirement is not the answer. For so many jobs that are back-breaking jobs, physically burdensome jobs, we're raising the age already to 67. These people are going to struggle to get to that point.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
I'm not philosophically opposed to raising the retirement age... I accept the fact that I may have to raise my retirement age for that.
Well, we certainly need to raise the retirement age. I've told my 19-year-old and my 22-year-old that they're not going to be getting retirement benefits at age 62.
However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
The debate over Social Security should not be about how much we can cut from the program in order to balance the federal budget. The debate over Social Security should not be about raising the retirement age or limiting benefits. The debate over Social Security should be about retirement security.
Voters should be assured that I absolutely do not support raising the retirement age for Social Security.
We obviously have to honor the commitments that have been made to the people who are already retired or near the retirement age. But we need to tell the truth about the fact that when we set the retirement age at age 65 in America, life expectancy was only 62.
You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career... So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised.
Liberal Democracy is all about extending choice. Give people the option to decide their retirement age, and you immediately extend their freedom in a very significant way.
The fine print in the President's Social Security proposal is that all present and future workers under age 55 will have their promised retirement benefits cut.
Social Security is the foundation stone of that kind of retirement security. It not only needs to be strengthened in order to make sure it's there for younger baby boomers and Generations X and Y, but it probably needs to be strengthened and expanded because the retirement benefits now being offered by most employers are not sufficient to support middle-income Americans in their long years of retirement.
I am philosophically opposed to raising the retirement age. I misspoke and said I was not philosophically opposed.
The full retirement age is 67 and the lifespan is 80, so when they first conceived Social Security, they didn't think they were going to be paying benefits for 13-15 years. That's one of the reasons why this pyramid scheme isn't working.
The President and I agree that Social Security needs to be preserved so that we can ensure that all Americans receive the retirement benefits they've been promised. But we disagree as to how best to fix the system.
Americans should be able to enjoy a secure retirement after a lifetime of hard work. But too many Americans reach retirement without enough savings to supplement their Social Security benefits.
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