Healthcare spending and Social Security to hit over $3 trillion a year

[Big Smoothy]

There is plenty of money.

It paid out more than it took in last year.

Plenty of money?

77 million baby boomers started hitting the rolls on January 1, 2008.

The boomer demopgraphic is shaped like a pear. In the beginning (first few years) they will be smaller in number, and like the shape of a pear, the number will increase, and increase, and eventually thin down.

With longer life-spans, it's going to be a looooonng haaauuul.

 

[Swiper]

No, nothing would happen to them. You remember the financial meltdown? It was pretty recent.

Bernie madoff

 

[Swiper]

Swiper is an ideologue, he refuses to acknowledge that large firms and capital control the US fed government and dictate all the major policy enacted. large firms and special interest groups only spend billions of dollars a year and groups like ALEC atually write the policy and hand it over to the legislators. apparently none of this matters in his world.

I know that. just like the health care industry wrote Obama care. has nothing to go with helping people just putting money in the pockets of the healthcare industry.

 

[Bowden]

LOL another govt program the govt fucked up.

How about letting people keep their money and save for their own retirement/health care rather than having govt do it? they fuck up everything they get their corrupt hands on.

Absolutely.

They would get a much better return on their retirement money and have a much more secure retirement and cover their health care costs in retirement by investing their retirement money in stocks, aka. risking their retirement money in a wall street gambling casino that consists of around 70% daily total trading volume by big brokerage firms and hedge firms who are engaged in high speed day to day trading who are focused not on the retirement security of Americans but on profits related to capturing fractions of a cent trading transaction profits.

The return on the S&P 500 from 2000 to 2010 was around 0% which is way under the rate of inflation of food and energy during that period.
That return combined with a recent financial crash that caused around a 40% drop in the value of a retirement account invested in stocks and a world wide recession is enough to make anyone want to give up a government safety net like Social Security.


Or they could achieve a financial secure retirement by putting their retirement money in a savings account that is paying around 0.5% compounded interest that is under the rate of inflation of food and energy.


People need to consider Social Security and Medicare in retirement as a part of a total retirement plan.
That is what most people miss when ranting about "big government'.
Social Security and Medicare are the low risk safety net aspects of a retirement plan not subject to free market forces that can cause you to eat dog food in retirement if a financial market crash occurs just before you retire or in retirement.
You invest outside of those programs for retirement in higher risk assects, that is the higher risk part of a retirement plan and you calculate risk on return in addition to what you will get in retirement from Social Security and Medicare.

 

[Swiper]

Absolutely.

They would get a much better return on their retirement money and have a much more secure retirement and cover their health care costs in retirement by investing their retirement money in stocks, aka. risking their retirement money in a wall street gambling casino that consists of around 70% daily total trading volume by big brokerage firms and hedge firms who are engaged in high speed day to day trading who are focused not on the retirement security of Americans but on profits related to capturing fractions of a cent trading transaction profits.

The return on the S&P 500 from 2000 to 2010 was around 0% which is way under the rate of inflation of food and energy during that period.
That return combined with a recent financial crash that caused around a 40% drop in the value of a retirement account invested in stocks and a world wide recession is enough to make anyone want to give up a government safety net like Social Security.

Or they could achieve a financial secure retirement by putting their retirement money in a savings account that is paying around 0.5% compounded interest that is under the rate of inflation of food and energy.

lol.

or just give it to the govt because its knows best how to spend your money. lmao!!
I don't give a shit what people do with their money. its none of mine or your business neither the govts. if they choose stocks so what? it's their choice. but yeah people are so stupid they need govt stealing their money so they can spend it for them. lmao.

I find it hilarious you trust govt with your money. lol!! fucking sheep move along with the rest of the herd.