The truth about "greedy geezers," and why the war between generations is economic nonsense
retirementrevised.substack.com
Remember the phrase “greedy geezers?” That was former Wyoming Senator Alan Simpson’s memorable description back in 2012 of seniors who receive Social Security. Simpson was co-chair back then of a bipartisan presidential commission on how to cut the federal deficit. The commission had recommended cuts to Social Security benefits as part of its deficit solution. That prompted a bit of a verbal firefight between Simpson - who always is colorful with his language - and advocates for seniors. Simpson called one seniors’ group nothing more than “greedy geezers” stealing from young people “who are going to get gutted.”
The truth about "greedy geezers," and why the war between generations is economic nonsense
The truth about "greedy geezers," and why the…
The truth about "greedy geezers," and why the war between generations is economic nonsense
Remember the phrase “greedy geezers?” That was former Wyoming Senator Alan Simpson’s memorable description back in 2012 of seniors who receive Social Security. Simpson was co-chair back then of a bipartisan presidential commission on how to cut the federal deficit. The commission had recommended cuts to Social Security benefits as part of its deficit solution. That prompted a bit of a verbal firefight between Simpson - who always is colorful with his language - and advocates for seniors. Simpson called one seniors’ group nothing more than “greedy geezers” stealing from young people “who are going to get gutted.”