Economy
See other Economy Articles
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: 2934
Comments: 23
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 9.
#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.
My grand father was born in 1889. How old are we talking, 1800? No such thing as a safety net. US gov could collapse tomorrow and 50 million would have no "safety-net". The fact that government waters down the buying power of our money at such a rate that you can't buy a car for what a house use to cost 40 years ago. Put your faith in government and you are just asking to get bentover. BTW you don't have to have high risk in retirement. Thats people trying to play the system and in the end left with nothing. Then they want people who played it safe to pay for them. What is fair about that? Im forced to pay ss and probably only see pennies on the dollar in the end.
There are no replies to Comment # 9. End Trace Mode for Comment # 9.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
#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.
#9. To: Willie Green (#7)
Replies to Comment # 9.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]