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Greenspan Warns on Baby Boomer Benefits
AP via Yahoo ^ | Aug 27, 2004 | MARTIN CRUTSINGER

Posted on 08/27/2004 8:10:16 AM PDT by ladtx

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To: tomball

You were born in the wrong country. If you were Mexican you would only have to work 6 quarters before collecting. Social security to Mexico will be started after Bush is re elected. It is on schedule. The bill is already in the house ways and means.

http://waysandmeans.house.gov/media/pdf/ss/mexicofacts.pdf


61 posted on 08/27/2004 10:25:13 AM PDT by texastoo (a "has-been" Republican)
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To: Maria S
And what about all of those government retirees? I know several government retirees (social security, land conservation to name just 2) that are just retired. At ages 58 and 60! They were pulling in some big bucks and are apparently retiring at almost full salary. How does this work anyway?

You nailed it right on the head. While SS is going down the tiolet and private companies are eliminating pension plans, more and more gubbermint workers are being offered and are retiring under lavish pension plans. Here in California they are giving away the farm to the public employee unions. Police, fireman, prision guards and park rangers can in some cases retire at age 50 with 90% of final salary plus medical for life. Other state empoyees can get up to 60 or 70% of salary. My brother is an engineer for the state and is planning on retiring in his early 50s. Will be interesting to see what happens down the road when John Q. Public gets notice from the SS Admin that he needs to work til age 75 just to be able to collect a pittance from SS, while his neighbor just retired at 50 to a life of leisure on a public pension. The freaking gubbermint is robbing us blind so it's workers can retire early!

62 posted on 08/27/2004 12:18:11 PM PDT by jrp
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To: AuntB

Does the Gummint really expect that all 77 million are going to go quietly?

Best case, we will see a third party arise. Worst case... use your imagination...

I just want my local smirking lawyer-in-office politician to publicly tell everyone my age why they should be happy to pay for others' welfare all their lives and then be told that we have to become beggars in order to receive the same benefits that everyone for whom we paid got for free, and why we shouldn't object to that. I want to hear them explain that. I want them to explain why "Needs-Based" doesn't just mean "Socialism. I want to hear that too.


63 posted on 08/27/2004 12:59:19 PM PDT by fire_eye (Socialism is the opiate of academia.)
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To: ladtx

How dare he hand Bush this issue on the eve of the convention...


64 posted on 08/27/2004 1:05:01 PM PDT by oblomov
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To: AdamSelene235

Yep, it's just another TAX.

Of course, they can't force me to work, and frankly, if these taxes get too high, guess what?

Yep, taxation does have negative effects on the economy!


65 posted on 08/27/2004 1:09:56 PM PDT by brianl703 (Border crossing is a misdemeanor. So is drunk driving. Which do we have more checkpoints for?)
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To: Joe Hadenuf

"will work hard for 6 bucks an hour"

Yes, by blowing at invisible debris with a leafblower or by mowing the same part of the lawn over and over.

Like busywork..quantity is more important than quality.


66 posted on 08/27/2004 1:12:37 PM PDT by brianl703 (Border crossing is a misdemeanor. So is drunk driving. Which do we have more checkpoints for?)
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To: ladtx

BUMP.

I'm hoping the President will promptly tackle SS reform upon his reelection.


67 posted on 08/27/2004 1:14:24 PM PDT by k2blader (It is neither compassionate nor conservative to support the expansion of socialism.)
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To: ladtx
Greenspan, as he has done previously, suggested that possible changes would be raising the retirement age to receive full Social Security benefits, which currently is gradually increasing from 65 to 67.

An accountant who is in good health can continue to work beyond age 70. But what about a construction worker?

Should the retirement age vary by occupation? Should healthy people have a later retirement age than unhealthy people?

68 posted on 08/27/2004 1:45:35 PM PDT by MikeJ75 (Get the Big Spenders out of government.)
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To: fire_eye

Good to see you, fire_eye. Ask those legislooters now, see what they say. The responses I've gotten so far is something like, "Yea, it's bad, I don't know what SSA is doing". I told an aid to Wally Herger a few weeks ago that THEY should know what SSA is doing and it is they who have oversight and control these regulations, why did they think I was calling them...???.....


69 posted on 08/27/2004 1:52:34 PM PDT by AuntB ("Go count your blessings and when you're done come complain to me." MY Grandma!!)
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To: k2blader

"I'm hoping the President will promptly tackle SS reform upon his reelection."

I was hoping the President would promply tackle SS reform upon his election. I'm willing to forgive him, because of prevailing circumstances, like war. He did throw a bunch more money at the SS administrative budget, it's about 8.5 billion dollars a year, to hire more Administrative law judges. Some one tell me why they can't have competent employees to make decisions and not take 5 years to approve a claim only after you must hire an attorney and go before their government judges. Know why? Tenure...fed employees can hardly be gotten rid of. The system needs an enema.


70 posted on 08/27/2004 1:59:03 PM PDT by AuntB ("Go count your blessings and when you're done come complain to me." MY Grandma!!)
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To: tomball

THANK YOU!!!!!!!!!!!!!!!!!!!

Of course SCREW the old folks who BUILT this country, Let's take care of the Illegals so they can vote in the Crooked Politicians.


71 posted on 08/27/2004 4:29:04 PM PDT by chicagolady (Mexican Elite say: EXPORT Poverty Let the American Taxpayer foot the bill !)
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To: Ciexyz

NO become an Illegal Alien, Break the law and you will have the red carpet rolled out for you!!


72 posted on 08/27/2004 4:30:23 PM PDT by chicagolady (Mexican Elite say: EXPORT Poverty Let the American Taxpayer foot the bill !)
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To: jrp

WORK UNTIL YOU ARE 75 SO WE CAN CONTINUE TO HELP ILLEGAL ALIENS GET SOCIAL SECURITY BENEFITS.


PPLLEEAASSEE!!!!!


73 posted on 08/27/2004 4:32:00 PM PDT by chicagolady (Mexican Elite say: EXPORT Poverty Let the American Taxpayer foot the bill !)
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To: zencat

>>The Kerry plan to “strengthen” Social Security is of course to raise taxes.

Kerry said he would not pay out more than we paid in....so the "rich" in SS will get the shaft.

Never trust the Democrats.


74 posted on 08/28/2004 3:50:38 AM PDT by The Raven (Strange - the daily news is always favorable to the Democrats but the reality is not.)
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To: afz400
Why isn't he warning about illegal immigrant benefits?

In order to give those who claim to have committed felony document fraud for 6 quarters full SS benefits, they're going to have to take much away from Americans. Vicente Fox is demanding this -- so Americans had better just bite the bullet and quit planning to retire.

75 posted on 08/28/2004 7:59:56 AM PDT by FITZ
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To: AuntB
Please don't forget that Pres. Bush is on board to extend Social Security benefits to ILLEGAL aliens.

It's hard to understand Bush on this issue --- one time he's good and talks about privatizing our retirement but then he wants to give our retirement to those who would claim to have committed felony document fraud.

76 posted on 08/28/2004 8:04:05 AM PDT by FITZ
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To: marshmallow

It's not just that though --- abortion is just plain wrong --- but Mexico with it's very very high birth rate is having even more problems with it's retirement plan:

"The combined obligations of state pensions have ballooned to 120 percent of Mexico's $600 billion economy."

"The health care workers union, however, has begun building support among other state workers to block further changes by setting up traffic-snarling roadblocks and timing a national march and other disruptions to coincide with Fox's state-of-the-nation address Sept. 1."

http://www.signonsandiego.com/uniontrib/20040807/news_1n7mexico.html

Which is probably why our government is going to cut Americans from SS to bail out the citizens from and living in Mexico.



77 posted on 08/28/2004 8:23:38 AM PDT by FITZ
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To: Eric in the Ozarks

Every 3-5 years the retirement age should be increased 1 year. If implemented consistently, people could plan for that and the problem would undoubtedly be solved.


78 posted on 08/28/2004 11:39:01 AM PDT by Rockitz (After all these years, it's still rocket science.)
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To: Eric in the Ozarks

Just finished the article (ooops!). Looks like big Al feels the same as I do.

Nice of him to throw this out there during the election season, huh?


79 posted on 08/28/2004 11:44:01 AM PDT by Rockitz (After all these years, it's still rocket science.)
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