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Post by jeffolie on Jun 4, 2008 15:28:27 GMT -6
The ultimate solution for Social Security is from Japan: ---------------------------- The ultimate solution to aging is to change the definition of old age, and make people work longer. “It’s said that people will be able to work actively till 70 in future,” said Mr. Nukaga, 64. “So I think it would be reasonable to move to this step by step.” blogs.wsj.com/economics/2008/06/04/japanese-solution-put-off-retirement-until-70/
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Post by blueneck on Jun 4, 2008 18:48:01 GMT -6
Obvioulsy raising the retirement age is one solution to the so called "shortfall" if you even believe that nonsense, just as rolling back the Bush tax cuts for the wealthy or lifting the salary cap on the payroll tax would also be,
Of course if we weren't spending 3 trillion in Iraq there would be plenty of money for more and better social safety net programs
Raising the retirement age may not even be necessary as people are having to work longer anyway since the defined benefit plan has joined the dodos in extinction and the 401 k has become the 201k again just like in '01
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Post by whoswho on Jun 6, 2008 7:43:41 GMT -6
What do they mean, "change the definition of old age"?? Can I tell my body what to do? I'm almost 55, and I'm ready to go NOW. If I keep working til 70, I might as well have a casket waiting for me to crawl into at my retirement party. I'm beginning to think, pi$$ on 401k's, JUST.... SAVE.... MONEY. Just put it in passbook savings, CD's, and savings bonds. Live like a pauper now so you'll have something left for later.
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Post by agito on Jun 6, 2008 9:59:10 GMT -6
I disagree. The ultimate solution is carrousel! That being said, there does need to be a discussion of what an "ideal" amount of retirement should be. As healthcare .. improves.. the average age of death will go up and at least one of the numbers will have to change. I personally believe that it should go up within reason, but an exception should be made for people in hard labor industries (thinking specifically of roofers).
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Post by jeffolie on Jun 6, 2008 14:41:37 GMT -6
No only can one not afford to retire, one can not even afford to just work. I speculate to keep up with commodities costs.
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Post by Cactus Jack on Jun 9, 2008 17:22:04 GMT -6
I think every American should have the same social security plan that every present and former member of the U.S Congress has enjoyed -- that is a lucrative retirement plan based on their salary without every having to contribute one cent in FICA to qualify for those social security benefits. What's good for those turkeys should also be good for us peeps.
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Post by redwolf on Sept 25, 2008 11:52:06 GMT -6
Gosh, I wonder what happened to the idea of investing Social Security dollars in the stock market?
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Post by db on Sept 25, 2008 19:05:17 GMT -6
The RepubliCons have a plan. My friends, just work from cradle to grave!
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dan1
New Member
Posts: 6
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Post by dan1 on Aug 11, 2009 14:07:44 GMT -6
The thing is that with so much outsourcing and other types of industry cutbacks undermining the economy, it is now difficult to stay working past 50. Layoffs and "early retirement" actions are culling the older workers.
If only they could unite and start their own companies. I retired at 63 and am learning to live on $1000.00 a month.
The Social Security program is a blessing. Thank you FDR. The only things I would have done differently is to make it an optional program and invulnerable from the political parasites who have sucked it dry to invest in their wars. Why aren't we making them pay the trust fund back?!?! Why is there no bailout for it?
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Post by unlawflcombatnt on Aug 11, 2009 14:19:38 GMT -6
Why aren't we making them pay the trust fund back?!?! Why is there no bailout for it? Because the Geithnerites & Bernankeans have stolen all the money available and used it to bail out their rich friends in the bank & investment fraud industries--while regurgitating the worn-out soundbite that a "healthy financial industry is essential to our economy." And, apparently, if the financial industry goes down, the entire world economy will collapse, life itself will come to an end, and the planet will be taken over by locusts. ---- By the way, Dan1, Welcome to the Economic Populist Forum. Glad to have you on board.
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Post by redwolf on Aug 16, 2009 9:18:38 GMT -6
And the same health care, too.
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Post by unlawflcombatnt on Aug 16, 2009 13:50:00 GMT -6
And the same health care, too. Actually, I think mandating " the same health care coverage as Congress" has been used as ammunition against health care reform legislation. By requiring that any insurance, and any public option, offers the same coverage that Congress receives, supports the claim that this is "Government-run" health care. Mandating a lot of specific benefits also makes it appear that government really will be controlling health care. Though I don't agree that this constitutes government- run health care, I can certainly see how it supports such claims. Furthermore, mandating a generous benefits package, rather than a bare-bones package, gives opponents the ammunition to claim the plan will be too expensive. Again, though I don't agree with those claims, I do see how they can be used to support those claims.
And as it stands now, those claiming this would constitute government-run care, as opposed to only government-administered care, seem to have won the day. As of now, the public option is dead. Both Obama and Sebelius have indicated the public option need not be included in the final plan.
Health care reform legislation has now devolved into nothing more than Corporate Welfare for the health insurance and pharmaceutical industries.
By overreaching on mandated benefits & government regulation, (at least in my opinion), the Obamatocracy has eliminated the chance of any useful health care reform. Health care in this country will be worse, if the most recent changes in health care reform are implemented, and the resultant health care reform legislation passes.
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Post by jeffolie on Aug 16, 2009 17:19:26 GMT -6
Obama will not solve SS. His day is over.
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Post by xtra on Aug 29, 2009 10:19:46 GMT -6
I'm beginning to think, pi$$ on 401k's, JUST.... SAVE.... MONEY. Just put it in passbook savings, CD's, and savings bonds. Live like a pauper now so you'll have something left for later. are you crazy? the cost of living keeps going up and the value of the dollar keeps falling. Why in this world would you want to put your money in a safe place losing its value? buy gold or silver at least.
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