Last summer Boehner got pinged by his home state Democrats for suggesting the retirement age be lifted for Social Security, up from ones 65th, to their 70th birthday…

He was either smoking crack or reading America’s most renowned economist… Some may argue both are about the same… But then of course, those few will argue about anything…

But back in March 2009, an American economist, after crunching all the numbers, came up with this prognosis to save Social Security…..
Social Security could be brought into actuarial balance over the next 75 years in various ways, including an immediate increase of 14 percent in payroll tax revenues (from 12.4 percent to 14.1 percent) or an immediate reduction in benefits of 12 percent or some combination of the two.

The second option, the one of increasing the retirement age, confronts the Social Security problem in two ways; although it does not completely solve the entitlement problem, it is the best option available to stem some of the ebbing of money away from the trust fund…. Jumping the retirement age upwards by 5 years from 65 to 70, adds 5 additional years of tax money pouring into the system, while also decreasing by 5 years the amount of benefits that are needing to be paid out….. If we garnish 5 years of extra funding and lose up to 5 years of paying out benefits, just moving up the retirement age by 5 years gains 10 years of funding per future retiree.. This is easy to do, and benefits all that do it…

So there you have it. Even Boehner knows where to go when he needs to find his truth….