Congressman Dennis Kucinich (D-OH) has an idea he thinks will create 1 million new jobs, fast.
His piecemeal solution to the employment crisis: get the old people to retire and bring in some “new blood.”
By providing government incentives for workers to retire at the age of 60 instead of 65, Kucinich believes all the newly open positions would create a surge of fresh employment.
“Nearly 70 percent of workers elect to take early retirement under current rules, which allow eligible individuals to begin receiving a reduced Social Security benefit starting at age 62,” a media advisory from the Congressman’s office claimed. “The Kucinich Plan would reduce the eligibility age to 60 for the first million workers who want to take advantage of an earlier retirement date.”
With some 4.2 million U.S. workers between ages 60-65, Kucinich believes at least 1 million will take advantage of early retirement, even though the Social Security payout would be at a reduced rate. Additionally, instead of Medicare, Kucinich proposes early retirees received health coverage through the COBRA program.
Kucinich estimates the cost of his plan to be around $15 billion — funds that will not come from Social Security, but out of amounts already set aside to cope with the financial crisis.
“This is something we could do now,” he said. “This gives companies a chance to get new blood in, in a way that does not make them get more money to do it.”
“My plan is a cost-effective way to create job opportunities for younger workers while making it possible for older workers to retire at 60 with the equivalent of their social security early retirement benefit.”
This video is from NBC affiliate station WKYC in Ohio, broadcast Jan. 25, 2010.
Conservative columnist blasts GOP as ‘partisan hacks for whom hypocrisy is second-nature’
On Tuesday, President Donald Trump once again ripped into The Squad, this time to undercut an emotional press conference in which Rep. Rashida Tlaib (D-MN) described the conditions her Palestinian relatives live under.
“Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long,” the president tweeted. “Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!”
Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long. Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!
Convicted Cardinal Pell’s fate hangs on appeal
An Australian court will rule on George Pell's appeal against child sex abuse charges Wednesday, when the convicted cardinal could walk free or begin a new round in his protracted legal fight.
Once the Vatican's third-ranking official, 78-year-old Pell was sentenced this year to six years in jail for sexually assaulting two 13-year-old choirboys at a Melbourne cathedral in the 1990s.
After more than two months of deliberations, a three-judge appeals panel will hand down their decision.
Pell is the most senior Catholic convicted of child sex abuse, making his case and Wednesday's ruling a touchstone moment for believers and victims groups around the world.
Trump-worshipping artist unveils insanely disturbing new painting — and the internet is having a field day
Jon McNaughton, the Trump-loving artist whose worshipful portraits of the president have drawn comparisons to North Korean propaganda, has unveiled a new painting that many Twitter users find deeply disturbing.
The new painting, which is titled "The Masterpiece," features President Donald Trump sitting at an easel and preparing to unveil a painting of his own.