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60 Plus Association Chairman James Martin on proposed changes to the cost of living adjustment.
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We have President Obama he wants to change the way that the Social Security cost of living adjustment is calculated it would mean a small lot annual increase -- recipients.
Joining us now James -- of the sixteenth plus association.
That's the conservative alternative to the -- -- all -- a very welcome on this program mr.
Roth and welcome back -- Thanks glad to be back with right.
What do you think of this change in the way that the cut such as you -- to cost of living is adjusted -- you what do you make of it.
Well mother -- social security and -- taken out pockets of seniors again why don't they fix it for the long term incentive.
To weaken it looked -- cola there wasn't even a cola for a couple of years in a row match project at about one point 7%.
For next year but under this change that they're proposing.
They'll be lower now we think that -- should not be paying the price.
-- -- malfeasance.
Of the government's overspending they're all these years.
As of -- points.
What in in in the -- as opposed to a cola change.
Do you just wanna -- a higher retirement age would you go for that.
A well there's already are retirement age right now on the books but yeah I frankly -- man that's not gonna go out on world where we're all living longer.
Surely you can get behind the change in the retirement age some years down the road.
Do you -- event.
Sure I oppose that on principle they ought to fix social security and Medicare for the long haul the stock -- -- I've just always tinkering with it.
And raising the retirement well does that mean a tax increase Jennings I mean it would tax increase is that how you fix it.
No.
In fact the -- Asian go to the private markets look.
Social Security was demagogue by the -- Democrats for fifty years when -- -- -- reporter.
Some fifty years ago Goldwater was handed his head when he mentioned Social Security structural reform.
Now -- medi -- if you whale and the Democrats right now are saying they may go along with the president on this change CPI.
Cola.
Proposal but the fact is they say they've promised they won't touch Social Security they paid lip service -- that for fifty years -- is seniors are tired of it.
They've instilling -- that Social Security trust fund.
For fifty some years you -- what do you make that women make this point.
If the Obama -- senior citizens voted overwhelmingly against President Obama.
And if they ever wonder why they ought to stop and think about what -- whether it's taxes on seniors.
They're huge taxes are coming January the first mainly on senior citizens -- -- attacks on the medical device -- tax on.
Dividends tax on non.
Capital gains tax on Medicare itself tax on dying there's attacks on -- to finance war war one which I think spent over a few years that.
OK so don't raise taxes.
Don't extend the retirement age and Social Security -- you want to privatize.
Let the markets woke to accumulate more money for is that the -- is in retirement because that's it -- she wants.
Truth of the matter is yes I want a personalized and -- -- yeah.
A lot of smoke -- have some personal controls are fanatical of that solution supported that President Bush -- full -- said yes let's do this he had a plan.
It never came up for a vote he got no support of most actually known amongst Democrats and -- -- -- -- amongst Republicans not gonna happen.
Truth truth of matter as the AARP of the association against retired persons spent 25 to thirty million of our tax dollars.
Demagogue in that issue scaring seniors talking about is a risky return.
The risk on the return is if you don't do something about Social Security.
For the long -- look Stewart.
The problem in Washington is not taxes.
It's -- spending we call it is 7-Eleven it is syndrome you know president get seven dollars to span.
But he spend -- lapel and but he spends eleven -- that's a good line Jens Martin that is a good line I'm gonna use dynasty brought up -- James Martin sixty prospects for joining us so we do appreciate it thank you feel free to use it thank you so hard you -- pull back.
