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News Link • Government Debt & Financing

John Boehner: Raise Retirement Age To 70; Ensuring there's enough money to pay for the war

• Nick Wing

House Minority Leader John Boehner (R-Ohio) believes that a "political rebellion" akin to the American revolution of 1776 is brewing, that the Social Security retirement age should be raised to 70, and that the Wall Street reform bill currently moving through Congress is comparable to "killing an ant with a nuclear weapon."

In an explosive interview with the Pittsburgh Tribune-Review, the GOP leader also charged that Democrats are "snuffing out the America that I grew up in." He added, "Right now, we've got more Americans engaged in their government than at any time in our history. There's a political rebellion brewing, and I don't think we've seen anything like it since 1776."
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Ensuring there's enough money to pay for the war will require reforming the country's entitlement system, Boehner said. He said he'd favor increasing the Social Security retirement age to 70 for people who have at least 20 years until retirement, tying cost-of-living increases to the consumer price index rather than wage inflation and limiting payments to those who need them.

"We need to look at the American people and explain to them that we're broke," Boehner said. "If you have substantial non-Social Security income while you're retired, why are we paying you at a time when we're broke? We just need to be honest with people.


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