A Quote by Lloyd Blankfein
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.
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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.
Let me tell you exactly what we would do on Social Security. Yes, we'd raise the retirement age two years and phase it in over 25 years; that means we'd raise it one month a year for 25 years when we're all living longer, and living better lives.
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.
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.
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.
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.
Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.
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 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.
My focus is on training and championships. I will look at business after retirement... maybe 20 years later.
I think about Lenaya and Hugh. Will they know how much I've changed this year? Will they have changed too? I'll wait until tomorrow to find out. And then it's possible I won't find out after all. Because some changes happen deep down inside of you. And the truth is, only you know about them. Maybe that's the way it's supposed to be.
The retirement age needs to be raised. A portion of Social Security ought to be privatized, if not all. And there probably needs to be some means testing. It's a Ponzi scheme that's not sustainable.
Retirement security is often compared to a three-legged stool supported by Social Security, employer-provided pension funds, and private savings.
While more people are working later in life because of happy things like longer life expectancy, they are also doing so because of very sad things, like a lack of Social Security benefits or retirement plans.
So, it just seemed like it happened naturally. We nailed our live show to some extent in a year or about a year and a half, maybe just a year of playing songs pretty much around L.A. then we went and scheduled a mini-tour up-state on the West Coast and that's when the whole Rough Trade [Records] thing started happening and from there, things just happened so quick. It changed really quickly.
Well, I think some people are very happy in retirement. And in a year and a half I'm going to see how happy I feel in retirement. I'm just going to not work quite so hard, but I'll continue to write as long as God gives me breath.
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