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May 25, 2012
Mark Clayton: Is Hillary's State Dept. hacking Al Qaeda? Not quite
Erika Bolstad: Temple cancels Wasserman Schultz speech
The Kosher Gourmet by Ethel G. Hofman: The former president of the International Association of Culinary Professionals, whose members included the likes of Julia Child, is back with contemporary Shavous cuisine: Ruby Fruit Soup, Sweet Noodle Kugel with Cheese, Key Lime Curd, Calsone Casserole Frittata with Wild Mushrooms, Sun-dried tomatoes and Olives, Baked Tilapia with Pepper Cheese Cream and Brown Sugar Shortbread
May 24, 2012
Jeff Jacoby: The peace process battered Israel's reputation
Michael Muskal: 'Pro-choice' position hits record low, according to poll
Chris Farrell: Are We in a Tech Bubble?
The Kosher Gourmet by Penelope Wall: PHILLY CHEESE STEAKS --- hold the steak!
May 23, 2012
Tony Pugh: More private colleges offering tuition discounts
Mary Beth Franklin: How to Choose the Right Annuity for You
Tina Susman: The wig wasn't enough: Man gets 13 years for posing as his dead mom
The Kosher Gourmet by Emma Christensen:A simple way to do fish right
May 22, 2012
Warren Richey: Can US group challenge overseas surveillance act? Supreme Court to decide
Thomas M. Anderson: Walking Away From a Mortgage
The Kosher Gourmet by Megan Gordon: Enjoy a celebration of the most rich and layered flavors: Black bean, sweet potato and quinoa chili
May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
Howard LaFranchi: NATO summit: Who will foot the bill for long-term Afghanistan security?
Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
Stephen Whiteside, Ph.D. : Mayo Clinic Medical Edge: Social anxiety disorder --- or just shy?
Guy Jackson : Victim's father regrets death of Lockerbie bomber
The Kosher Gourmet by Mario Batali: Famed chef's veal shoulder farsumagru: A festive meat course for late spring
May 18, 2012
Rabbi Berel Wein: Striving: The People of the Book's Book for (All of) the People
Steven Goldberg: 5 Great Stock Picks and the Exchange-Traded Fund that Owns Them
Mary Pickett, M.D.: Ask the Harvard Experts: Don't be forced into gluten-free lifestyle based merely on a doctor's false-positive test
The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
Warren Richey: Teacher fired for being unwed and pregnant can sue religious school, court rules
Josh Mitnick: Netanyahu's 'centrist' coalition is already proving it's anything but
Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
Carmen Terzic, M.D., Ph.D. : Mayo Clinic Medical Edge: A variety of exercises can help improve balance
Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
Sue Hubbard, M.D.: The Kid's Doctor: Lactose intolerant young child? Check again
The Kosher Gourmet by Kathy Hunt: Spread a Little Excitement with EXOTIC CONDIMENTS (4 RECIPES)
May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
Jessica L. Anderson: Get the Best Deal on a Used Car
Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
Jeff Bertolucci: Get Home Phone Service for Less Than $10 a Month
The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
April 13, 2011
/ 9 Nissan, 5771
Make 70 the New 65
By
Michelle Malkin
http://www.JewishWorldReview.com |
It's time for a 21st-century retirement age. __If 40 is the new 20 and 50 is the new 30, why shouldn't 70 be the new 65? The last time Washington politicians tinkered ever so gingerly with the government-sanctioned retirement age, Ronald Reagan was in office and Generation X-ers were all in diapers. Since then, American life expectancy has increased by half a decade and continues to rise — while the "traditional" retirement age (established eight decades ago) has only recently begun phasing up to 67 and the official "early" retirement age (established four decades ago) remains stuck at 62.
There is simply no good reason 21st-century workers should operate under obsolete 1930s-era expectations and 1970s rules. We're living longer, working longer and, in general, holding down jobs that are far less physically taxing than those of previous generations.
The reasons we should update these relics of our teetering federal entitlement programs are myriad. Demographic, actuarial and fiscal realities demand it. As powerless blue-ribbon entitlement reform panels have warned for years, the number of younger workers supporting Social Security beneficiaries is dwindling. It's a global phenomenon. The Economist magazine reports that, based on declining fertility rates, "by 2050 there will be just 2.6 American workers supporting each pensioner and the figures for France, Germany and Italy will be 1.9, 1.6 and 1.5 respectively."
This amounts to a budget-busting wealth transfer scheme whose lousy "investments" cannot be sustained unless basic structural reforms are made. Shared sacrifice means that every able-bodied worker — including federal employees and elected officials — must get with the times. Americans can no longer feel entitled to some 20 to 30 years of subsidized retirement, often collected over the course of many more years than retirees actually spent paying into the system.
_Raising the traditional and early retirement ages will mean extending workers' taxable earning years, fueling economic growth and putting a dent in our unfunded-liabilities crisis by delaying payouts. Some senior citizens' lobbying groups fret that today's workforce wouldn't be able to handle longer careers. Tell that to Betty White or Joan Rivers or Helen Mirren.
More to the point, as domestic policy analyst Andrew Biggs of the American Enterprise Institute observes, "Perhaps the best evidence that future Americans can work longer is that past Americans did: Despite poorer health, shorter lives and more strenuous jobs, in 1950 the typical individual did not claim Social Security until age 68.5. In 1950, more than 20 percent of Americans worked in physically demanding jobs; today only about 8 percent do. While today's technology-driven service economy places demands on older workers, it is hard to imagine that things were easier when Americans typically worked on farms or in factories."
This week, after rejecting the austerity measures of his own blue-ribbon fiscal responsibility panel last fall and attacking serious GOP attempts to address the impending bankruptcy of both Social Security and Medicare, President Obama will unveil his entitlement reform package. Yep, Barry-come-lately and his teleprompter are ambling down the grim-rose path. The main feature of the president's "bold" plan? Higher taxes on the nation's top wealth producers and earners. Translation: Same old, same old class-warfare cowardice.
For their part, both Republican House Speaker John Boehner and House Minority Whip Steny Hoyer, wary of incurring the wrath of senior voters, have tiptoed, pirouetted and backtracked on updating the retirement age. They've promised to put "everything on the table" now — as long as everyone agrees later to kick the can down the road. Again.
As many entitlement reformers have noted, the very first American to benefit from Social Security, Ida May Fuller, collected nearly $23,000 in government pension benefits after paying in less than $25. At the rate we're going now, my kids and the Obamas' kids will never see a dime of what they are forced to put in. They'll already be waist-deep in the red as they enter their prime earning years. A truly modern government pension plan would follow the private sector by moving from a defined benefits plan to a defined contributions system — and by injecting free-market competition to improve returns.
Instead, we are dooming a generation of reverse Ida May Fullers who have no choice on where best to "invest" their automatically confiscated payroll taxes. The dawdlers and demagogues in Washington aren't "winning the future." They're robbing it.
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© 2009, Creators Syndicate
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