[quote=davelj]90% of this number is related to Social Security and Medicare. Raise the age at which Social Security and Medicare can be received to 70 – and keep raising it as life expectancy increases – and this fiscal gap largely disappears. Easy to accomplish in theory, but politically difficult. Average life expectancy is 13 years greater than it was in 1935 when Social Security was enacted. And yet the age at which benefits can be received has stayed the same. The solution isn’t that complicated, but it requires political backbone, which is in short supply.[/quote]
The fallacy of increased life expectancy.
[quote]Between 1920 and today, US infant mortality has decreased from more than 100 per 1000 to 10.9 per 1000. Yet during this same time span, life expectancy is said to have increased from 50 to roughly 80 years. That’s a thirty year difference we are told to swallow.
Now consider this: According to statistics, when an adult in 1920 turned 60 years old, he could expect to live an average of 16 more years, to about 76. Today, a 60 year old adult can expect to live 20 more years, to about 80.
So instead of a 30 year increase, we are looking at a mere four-year difference in life expectancy. The only dramatic change in the last eighty six years has been our chance of surviving to 60.[/quote]
