Not to worry, we’ll pay for them.
Saving is for suckers.
No problemo - Obama will see to it that those who lived a sober, careful life and saved for their retirement will be billed for the upkeep of those who didn’t.
Just one aspect of the dream that is socialism.
And for those of us already in retirement are watching our golden years funds slowly disappear via inflation. You can’t win.
Retirement, like the big annual family vacation and new car every 5 years, will soon be a thing of the past. The new normal will be the old normal: unless you’re rich, you work until you die or can’t work anymore.
I wouldn't tell some quasi-governmental conglomeration of big banks if I had any money either. Most likely they'll want it.
Better that they just give their money to the feral government so they can put it in a "lock box" for them, right Compost?
I’ve heard numerous people say that their S.S. check is, “not enough to live on”. I don’t even tell them that it was never intended to be.
Some of my in-laws were shocked to hear the size of my S.S. check and I did explain to them that it is based on how much and how long you paid in.
100% of the problems with the economy can be traced to the existence of easy credit and government facilitation of it. Destroy the Federal Reserve and Fannie & Freddie, privatize and cease subsidizing Socialist Security (and cut the taxes used to do so), and let the twattycakes who can’t do basic addition and subtraction destroy themselves. There, no more recessions.
Wasn’t there a children’s story that was written using this theme? I think it was The Little Red Hen. She saved food, she built a sturdy house in a safe place, and none of the other farm animals wanted to help her. Later on, when something big happened, I don’t recall, maybe the Farmer died, the animals are adrift, desperate and hungry. Now they knock, knock knock on the Little Red Hen’s door, hoping to move into her place, having done none of the work and sacrifice she did to make these events happen or be maintained.
There’s an Aesop’s Fable here...
Ant and the Grasshopper?
Crikey. Who would have guessed.
You work all your life and have about 28-33% of everything you earn taken automatically out of every paycheck.
Then, with sales taxes on everything you purchase just to survive, along with life insurance, health insurance, dental insurance, motor vehicle insurance, and taxes on any bank account you may have acquired...
You try to subsist on a paycheck-to-paycheck existence, always knowing that you are constantly only 30 days from living on the streets.
Add in the depreciation due to the declining value of the US dollar -and this is a surprise?
That is not even counting any medical problems (and kids) that may come along.
Fifteen years on, and as of this moment an FRN is worth approximately 1/10 of what it was back then.
Food prices are skyrocketing. Gasoline and power bills are doubling. Taxes are increasing.
Only the illegals are getting a free pass on everything -for the sake of “the children”, of course.
Colour Me quite surprised. (/sarc)
Sucks to be them. (Unfortunately, they will ask for me to support them)
Bringing passbook savings and money market rates back to historical norms would help a lot.
bmp
I’ll never retire. Retirement is too boring.
One of the evils of SSI.. i.e. false hope..
The concept of Cloward-Piven was not conceived..
The concept of stressing Federal and State coffers so severaly.. it goes bankrupt..
AND it’s WORKING... exactly as planned..
I would bet that’s mostly the twenty percent who have relied on gov. assistance their entire lives. Why should they save? Uncle Moneybags will ride to the rescue.
Under the current ‘pay as you go’ system, the earnings of those currently working are taxed to pay the social security pension benefits and Medicare of the retired generation. The monies paid in by the current retirees has already been paid out to others, or ‘loaned’ to Treasury to make up shortages in the general fund. So the morality I struggle with is the notion that my children should be taxed for my so-called retirement benefit.
For the twenty-something’s who act responsibly, who get an education and start a career, who work to support their families and save for the future, who live within (below) their means and pay their taxes; for all these young Americans who are faithful to the values of Christian America, we have really bequeathed a manure sandwich.
They have generations of debt laid on their heads, new regulations and taxes which inhibit personal initiative and upward mobility, and a society with the morals of Sodom or Ancient Rome. I have considered whether I should even take social security at this point? The taxes I paid in are spent, and I can’t get them back. But is it right to impose that same burden on the innocent? Does having it done to me somehow justify my doing it to others? And my own children among those others?
What a shame that Americans no longer feel the moral imperative to earn their own bread, rather than to take all they can take by force or deceit from their neighbors, without qualm or pang of conscience. What a shame we can no longer trust our God to be our Provider, laboring for our bread ‘as unto the Lord’.
It strikes that the Bible consistently describes blessing as planting a field, and eating the fruit thereof. I can’t find the place where we are to eat of the fruit our neighbor planted, taken by force.
Don’t worry. They’ll take what we’ve saved.
The gooberment doesn’t want you to save. Spend, Spend, Spend.
The greedy bastards know that taxes on a dollar come back twice fold. I have yet to find one commodity or service in this nation that isn’t taxed.