DescentBB

CUDA will tell you as much,as he's suffered through it on TWO forums. But this is extremely well put, and WELL worth pondering

http://www.salon.com/2015/03/22/5_signs ... socialflow

To add insult to injury, the 401K retirement dream idea is turning out to be an epic failure, and the way it was designed, they knew it wasn't in the best interests of retirees in the first place. So it was just another big screw job to the middle class by the plutocrats.

http://www.cnbc.com/id/102496157

callmeslick wrote:CUDA will tell you as much,as he's suffered through it on TWO forums. But this is extremely well put, and WELL worth pondering

http://www.salon.com/2015/03/22/5_signs ... socialflow

Read that and now I feel like i'm going to throw up.

TC read that today, and once again, I can remember saying about a decade ago that there is no way the average person bothers to save enough to retire upon. Now, think about the promises you hear touting privatization of Social Security.

heh, if that happens, people will be working til they drop dead.

callmeslick wrote:TC read that today, and once again, I can remember saying about a decade ago that there is no way the average person bothers to save enough to retire upon. Now, think about the promises you hear touting privatization of Social Security.

Yeah, back them the 401K was sold to the American people as something to "supplement" their pensions. Well, today, most companies have used that as an excuse to drop their pension plans. People were supposed to be making big retirement money in the stock market and that would've solved everything, so they figured that they no longer needed to keep those expensive pension plans anymore. That line of thinking worked out just super, didn't it? Plus, corporations are now dropping company health plans because it's easier to shove people into Obamacare. So now that most people don't have any savings, or pensions, or company health care to fall back on, the next step for the plutocrats is to get rid of SS and Medicare. That will happen because people will still buy the line that their money will grow more in the market like the suckers they are and that privatizing things is the best thing since sliced bread. Eventually, people will become eternal company slaves, or just refuse to dispose of because they are no longer productive and are costly leaches in the private-for-profit system. That's the way it's heading.

Spidey, you say the SS is nothing but an entitlement. Well, soon in the future, it will be the only money that most people will have to retire on, especially with the current wage stagnation and the loss of company pensions. No one can possibly save enough money themselves to retire these days.

No, I never said Social Security “is nothing but an entitlement” it is an insurance plan, albeit a poorly planed out insurance plan.

I actually said in the other thread that it will have to become an entitlement, because it won’t work as an insurance plan in the future.

Yep, you're right Spidey. You said insurance. But put the dreaded "entitlement" label on SS and it will be red meat to eat to every government-hating conservative out there that wants to kill it in the name of that hated FDR. At least the term "insurance" has less of a bad connotation for the typical American worker who will probably eventually need it.

If SS is eventually scrapped by overzealous conservatives, or destroyed by the failure of Congress to properly fund it, there goes any safety net for every poor senior out there who's tired and retired, or just can't work because their body has given out after all those years of labor. That's such a nice way to treat our elders who haven't been able to save enough to live on with what businesses and corporations pay in wages these days. It's funny how the later generations have forgotten the lessons people learned the hard way back then, that one could work hard all their life and still end up penniless on the streets in old age. The rich Congressmen who sit in their hallowed halls have never had much adversity to deal with, so they know nothing. I heard the stories from my grandparents and it didn't sound pretty from back then.