0
0

Social Security is slipping closer to insolvency


 invite response                
2014 Mar 14, 5:49am   1,200 views  7 comments

by jojo   ➕follow (2)   💰tip   ignore  

http://articles.latimes.com/2012/apr/24/nation/la-na-medicare-report-20120424

Timothy F. Geithner, U.S. Treasury secretary and a trustee of the Social… (Andrew Harrer / Bloomberg ) WASHINGTON The nation's Social Security and Medicare programs are sliding closer to insolvency, the federal government warned in a new report underscoring the fiscal challenges facing the two mammoth retirement programs as baby boomers begin to retire.

Comments 1 - 7 of 7        Search these comments

1   humanity   2014 Mar 14, 8:22am  

If the plutocrats have their way, then pay for government workers would be slashed (this is a huge part of the job market), which would in turn lower pay in the private sector, and then as worker pay was increasing so much slower than inflation so would worker's contributions to medicare !!!!

Not that we aren't already in a dismal situation, but if the plutocrats have their we we are SO FUCKED !!

We need to turn around the trend real income decreasing for the lower 90%.

2   Bellingham Bill   2014 Mar 14, 11:17am  

Digging up 2012, jojo.

got a quota on anti-social security articles you gotta post? ? ?

3   nicoleB   2014 Mar 14, 4:39pm  

I have heard a lot of problems about Obamacare. It was said that it is expensive and hard to pay for.

4   Reality   2014 Mar 14, 10:27pm  

humanity says

If the plutocrats have their way, then pay for government workers would be slashed (this is a huge part of the job market), which would in turn lower pay in the private sector, and then as worker pay was increasing so much slower than inflation so would worker's contributions to medicare !!!!

Not that we aren't already in a dismal situation, but if the plutocrats have their we we are SO FUCKED !!

We need to turn around the trend real income decreasing for the lower 90%.

The trend of real income decreasing has been very well correlated to increasing government payroll since the 1970's . . . for a very simple reason: every government bureaucrat has to be paid out of the fruits of the labor from the productive private sector workers.

5   tatupu70   2014 Mar 14, 10:33pm  

Reality says

The trend of real income decreasing has been very well correlated to increasing government payroll since the 1970's

Or it could be correlated to this:

6   mmmarvel   2014 Mar 15, 12:30am  

nicoleB says

I have heard a lot of problems about Obamacare. It was said that it is expensive and hard to pay for.

That's just not true Nicole. Just ask Obama, he'll lie to you and tell you that it's just not true.

7   Bellingham Bill   2014 Mar 15, 3:03am  

"he trend of real income decreasing has been very well correlated to increasing government payroll since the 1970's"

as sbh said ^, correlation does not equal causation, LOL

gov't spending (theoretically) injects $6T/yr back into our economy.

well, at least when our GOP administrations don't lose pallets of $100 bills in Iraq.

I for one do think our $6T gov't expense is ridiculous, but:

http://research.stlouisfed.org/fred2/graph/?g=t72

shows as % GDP gov't has been constant in the low 30%s since the 1960s, but corporate profits have doubled since 2000.

I have a real problem with that. Conservatives, however, cheer it.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste