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To: sauropod
*** LITTLE KNOWN FACT: something like 60 percent of the wealth of this country is in the hands of retired people.***

Tht does NOT mean that 60 percent of the retired people are wealthy.

It merely means, if it is accurate, that a small percentage of retired people were VERY wealthy.

That leaves the rest of the retirees. Do you realize that if someone retired just ten years ago, he may have been lucky to have been earning $400 a week, or a total of $20,800 a year. What do you suppose his retirement pay is today? IF he (or she) was fortunate enough to be allowed to stay in a job until retirement age.

Add in the fact that most retirees do NOT receive medical insurance. Did you know that, even if a retiree can afford to pay his/her own medical insurance, it is NOT possible to get prescription insurance unless one is employed?

Obviously, there are exceptions to the above. But they ARE exceptions.

Now tell me, which system works best for the taxpayer?

1. Help out with the prescription payments.
2. Drain any remaining savings the retiree has and then place them on Welfare.

Do you know how much more it would cost to maintain people on Welfare than to let them pay the rest of their own bills and get help with the prescription bills?

Putting people on Welfare so that the govt. can spend the dollars is what Clinton wanted when he said in Buffalo, NY (circa 1995 if I recall correctly) that the govt. knows better than the people how to spend the people's money. He was wrong, of course. It costs the taxpayers far more to spend the taxpayers' dollars (some estimates are 73 cents on the dollar goes to govt. agencies) than to let the people spend it themselves.


336 posted on 02/01/2004 9:41:45 AM PST by kitkat (Purr, purr SNOOZE)
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To: kitkat
Excellent post kitkat.
341 posted on 02/01/2004 10:27:53 AM PST by texasflower (in the event of the rapture.......the Bush White House will be unmanned)
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To: kitkat
"2. Drain any remaining savings the retiree has and then place them on Welfare."

We do that today. With Medicare.

351 posted on 02/01/2004 10:59:04 AM PST by sauropod (Better to have a bottle in front of me than a frontal lobotomy!)
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