[gleeaikin]

In 1983 (Reagan Administration) there was a bipartisan agreement that a wage cap should be established at 90% of all income in the US. After that wages at the top started increasing 10% to 20% a year, while the wage cap appears to have been set at inflation (2% to 4%). By the mid 1990s it was down to 85% and recently has been as low as 82%. All they need to do is put it back to 90% and keep it there.

[AlexW]

There is no way that I could live on my SS in the USSA.
As an expat, however, I have a very fine life on my minimal SS.

[clearcarbon]

The more money Americans manage to put away for retirement, the more determined the government becomes to steal it from them.

Quantitative easing was a really clever way to accomplish this theft.

[windsorknot]

The history of government entitlement programs clearly demonstrate the folly of big government central planning. The implications for the ACA are clear.

[SkyPilot]

401K stock market bubble, fictitious highs due to Fed pumping, 10,000 Baby Boomers retiring per day, low savings, 22% real unemployment, the US Dollar about to lose its status as the World's Reserve Currency - all of this is a recipe for disaster.

As health insurance costs for retiring Baby Boomers goes ballistic due to ObamaCare, more and more and more money will be withdrawn from the stock market so that aging Boomer can survive - literally. Medicare Advantage is now being cut, and the cuts will only get worse. As people get sick, they will have to rely on their own money to relieve pain and suffering for themselves, or a loved one.

The younger workers don't even have the same capacity to invest as the older generation did. The money that everyday workers (not professional investors) threw into the stock market to help inflate prices won't be there. Fed Pumping has also led to a bomb of flamed gasoline that is ready to explode. "Financial Advisers" wave their hands and tell everyone that this will never happen, because all Boomers won't retire at the same time. They never figured on ObamaCare ruining the financial lives of millions of people.

[SkyPilot]

Oh, and the cuts to Medicare Advantage are today's headline on The Hill:

http://thehill.com/blogs/healthwatch/medicare/202702-obamas-new-healthcare-dilemma

Health care is bankrupting the nation - Medicare and Medicaid alone consume a majority of the Federal budget:

People who think their retirement accounts will not be consumed by this looming disaster are smoking something.

[SkyPilot]

Correction - I should have said a great majority of the budget, not majority in over 50%.

[nomad]

I wish they`d just let me cash out what I`ve put in and cut me loose with no further obligation to pay into it, ever! I`ll take my chances in the future and agree to be cut off from something I`ve never used anyway, the Gubmint tit. Just don`t make me pay for it, ever again!

[outofsalt]

It is often pointed out that social security is running out of money but it is never said welfare funds, in all of their many forms, are running out.

Why is it that a program to which millions contribute compulsorily is running out of money but the others can be expanded?

[Cementjungle]

Tens of millions of Americans don’t have access to 401(k)’s

I thought the magnificent Obama, Fixer of all Injustices, fixed that situation with his nifty new MyIRA