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Title: Bernie Sanders Explains Social Security
Source:
YouTube
URL Source: https://www.youtube.com/watch?v=FAcv7g3O_iM
Published: Oct 6, 2015
Author: Bernie 2016
Post Date: 2015-10-06 12:10:51 by Willie Green
Ping List: *Economic News* Subscribe to *Economic News*
Keywords: None
Views: 2968
Comments: 23
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Begin Trace Mode for Comment # 14.
#2. To: Willie Green (#0)
The old days you looked after your own retirement and it really was not that big a deal. Its the medical that killed savings of retired or almost retired. In fact its almost always medical that sucks the money out of people. Everyone trying to buy just one more year at the cost of every dime they have or borrow. There was a report many years ago that found that 80% of all money spent on medical was spent in the last year trying to keep someone alive even though doctors knew they would not survive another year. That is something to think about. Feebs could spend some here on special care for the terminal ill as not to bankrupt the system or the people. ie common sense medical from the feebs?!
Prior to WW-II, the average life expectancy for males was less than 60 years...
Thats funny because everyone one that I knew lived to their 70's. One of my uncles who smoked since he was in his early teens still lived to his mid to late 60's. My next door neighbor is over 100. My grandfather who had a stroke in his early 70's still lived to 85ish(he passed in 1975). I think they fudged those numbers to make it 60. My uncle who died early died in a car wreck when he was 30ish. I did have one uncle who died in his 50's from a heart attack. Here is the chart. These elderly Americans worked & contributed to Social Security all their lives. We owe it to them to maintain this safety net so that they can remain secure in their golden years. They are owed what they paid in. Get the scammers and illegals off the the safety net and it might pay more. You would be far better off putting the money in the your own retirement than SS. Thats been the grip for common sense people. But SS was not meant for retirement it was to buy the poor vote. They need to be protected from Yes we need to keep government as far away as possible since they have been the problem for almost every market crash to date. Their good ole boy system has brought Amerika to its knees.
All that means is that you're too young to have met the others who died. Nothing "funny" about that. Your own retirement is not a safety net.
There is, it's called Government Bonds. I bet that you have no idea what the average rate of a 10 year Government Bond has been for the past 60 years or so. But fear not, I will tell you - it is about 5.5% - BB that this is the 10 year rate not the 30 year rate which is higher yet. If the contributions I AND my employers have have made into the SS system over the past 40 years or so retruned that very conservative risk free rate I would have over $1 million in my Government mandated and controled SS account instead of less than 30% of that amount. Guess who got the excess $700+K. The Government run SS on balance is a fraudulent scam job solely for the purpose of wealth transfer and providing the Fed with a cheap spurce of long term financing.
Ten-year Treasuries are actually yielding 2.035% right now... With low interest rates like that, government ought to be borrowing MORE money to stimulate the economy and put people back to work building High Speed Rail & Maglev.
My God, can you be more of a socialist mega loon. Check the record, the Fed HAS and IS borrowing more money. You should check the history of you lefyist heros such as FDR. His public worls program did squat to stimulate the economy. In spite of all of the public spending economic growth, employment, etc. languished until - and mark this will - until the U.S. strated to gear up for WWII. The so-called recovery under Emperor Obama is even more languid than FDR's recovery. Facts are persistent and pesky things, Boris.
Yet, if the Congressional Budget Office’s estimates of just 1.4% real GDP growth this year prove true, America will have experienced its worst four consecutive growth years of GDP in the Bureau of Economic Analysis’ data going back to 1930. Try and get a clue, Wille Boy.
Maybe the Bernie Sanders/Willie Green dream team can pull the money out of their ass and wish the charts away with more highfalutin rhetoric?
#16. To: buckeroo (#14)
Take a hike, banjo boy. You're too intellectually challenged to understand the chart that SOSO posted.
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#3. To: Justified (#2)
Now, thanks to modern medicine & healthier living/working conditions, the average is 75+ years...
These elderly Americans worked & contributed to Social Security all their lives. We owe it to them to maintain this safety net so that they can remain secure in their golden years. They need to be protected from convoluted "privatization" scams that would swindle them out of this entitlement that they already paid for.
#6. To: Willie Green (#3)
Prior to WW-II, the average life expectancy for males was less than 60 years... Now, thanks to modern medicine & healthier living/working conditions, the average is 75+ years...
convoluted "privatization" scams that would swindle them out of this entitlement that they already paid for.
#7. To: Justified (#6)
Thats funny because everyone one that I knew lived to their 70's.
You would be far better off putting the money in the your own retirement than SS.
The potentially higher rewards also have higher risk.
Yes, you should have retirement savings over and above Social Security.
But only an idiot would risk their entire retirement savings without having the government guaranteed safety net to fall back on.
#8. To: Willie Green, Justified (#7)
But only an idiot would risk their entire retirement savings without having the government guaranteed safety net to fall back on.
#10. To: SOSO (#8)
I bet that you have no idea what the average rate of a 10 year Government Bond has been for the past 60 years or so. But fear not, I will tell you - it is about 5.5%
and the 3-month note just hit 0% for the first time in history!
#12. To: Willie Green (#10)
With low interest rates like that, government ought to be borrowing MORE money to stimulate the economy and put people back to work building High Speed Rail & Maglev.
#13. To: Willie Green (#12)
Check the record, the Fed HAS and IS borrowing more money. You should check the history of you leftist heros such as FDR. His public worls program did squat to stimulate the economy. In spite of all of the public spending economic growth, employment, etc. languished until - and mark this will - until the U.S. strated to gear up for WWII.
#14. To: SOSO, Willie Green (#13)
Try and get a clue, Wille Boy.
Replies to Comment # 14.
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