Many lawmakers, Republicans and Democrats, are coy about their desire to cut Social Security. But Rep. Mike Coffman (R-CO) — who has in the past called it a “Ponzi Scheme” — is very upfront about his desire to cut the program.
In a debate on Friday with his Democratic opponent Joe Miklosi, Coffman admitted that he wants to cut Social Security by raising the retirement age to 70:
COFFMAN: And on Social Security I do think for people below age 55, we’re gonna have to phase that up gradually to age 70.
Watch it (the relevant comments are at 12:50):
Phasing in the age of eligibility to qualify for Social Security benefits is not the same as cutting benefits. This is a plan set up in the 1930’s. To think it doesn’t need some adjustments, in the 21st century, to sustain its existence is simply sticking one’s head in the sand.