Hutchison Proposes Raising Social Security Age

The Hill reports:

Sen. Kay Bailey Hutchison (R-Texas) unveiled a proposal Thursday to raise the Social Security retirement age to 69 and cut cost-of-living adjustments for benefits.

Hutchison said her proposal, the Defend and Save Social Security Act, would save $416 billion over the next 10 years and reduce the public debt by $7.2 trillion by the year 2085.