1) I swear I don't know anyone that wants a job that can't find one
2) When should people retire Fred..75?
3) The FED has no obligation to make you money on your money Fred. Go make your money yourself and quit looking for handouts
Oh the sky is falling!
You guys are nothing but scared little whiners- Your not productive, youre here all day- This is what you do, this is what you are...
FredHayek wrote: It is amazing to see the spin machine in operation. I have heard the retirement angle from three different sources, but lets take a deeper look at it.
1) People retiring earlier than 65 because they can't find work so they have to go on reduced SS benefits.
2) People retiring earlier and further stressing entitlements like Social Security and the Medicare/Medicaid.
3) And retiring voluntarily? But I am reading so many stories about the people who have jobs working past their normal retirements because of losses to savings, plus a Fed that has lowered interest rates to levels that penalize the people who have saved all their lives.
I'll take "Retiring" for $200 Alex.
Could it be all three of the anecdotal stories you hear are true in some cases? Just because one is true in some cases, doesn't make the others wrong.
And about that "stressing Social Security" argument:
What a load of hooey. Social Security is being collected from you to fund the benefits of those who are already retired. It has been that way since day one. It is not an insurance program nor an annuity, it is an annual tax levy and tax appropriation of the federal government.
The fact that the federal government keeps "borrowing" the money from the "trust fund" is precisely why the system is broke, not going broke, is broke. The $2.5 Trillion in IOUs sitting in those filing cabinets isn't something that will ever be repaid with actual money. The federal government will keep selling new notes when the current ones come due and pretending to pay the interest due on the money they have borrowed. There is no money in the trust fund, only debt instruments. And we haven't even gotten to the future unfunded liabilities of the program yet, which is roughly the same amount as the current total debt is in case you were wondering.
This fiscal year the federal government will have to take money, sorry, borrow money, to make up for the shortfall between revenue from the taxes and the cost of Social Security to the tune of something like $100 Billion. Social Security is not going bankrupt, it is bankrupt.
Raees wrote: Yeah, those baby boomers who retired and stopped looking for work continue to increase. The decline has been forecast for years. But Fox News won't tell ya that part.
Wrong again, nothing new there, it is those whose benefits ran out and are no longer counted in the employment numbers.
Big Doug wrote: 1) I swear I don't know anyone that wants a job that can't find one
2) When should people retire Fred..75?
3) The FED has no obligation to make you money on your money Fred. Go make your money yourself and quit looking for handouts
Oh the sky is falling!
You guys are nothing but scared little whiners- Your not productive, youre here all day- This is what you do, this is what you are...
Your not productive either, your just a POS that lies. This what you do and who you are.
Raees wrote: Yeah, those baby boomers who retired and stopped looking for work continue to increase. The decline has been forecast for years. But Fox News won't tell ya that part.
Wrong again, nothing new there, it is those whose benefits ran out and are no longer counted in the employment numbers.
No, it is not ONLY those "whose benefits ran out and are no longer counted in the employment numbers."
146000 gained jobs and 350000 left the workforce and our daft press calls it progress. Excuse me those people leaving went on some form of federal aid.
Thomas Sowell: There are no solutions, just trade-offs.
Yes, and 5.4 million have gotten jobs since Bush left us with a recession and a crap market... Sure am glad to see how much better we're doing over the lousy 3 million jobs in 8 years from the last moron.
And, as has been pointed out to you multiple times, many leaving the work force are not on "government aid"...They're collecting the Social Security insurance payments that they paid INTO the system. And living on their IRA's and 401k's.
What?...You mean they aren't starving?...They aren't on welfare? They aren't on food-stamps? I know how disappointed you must be. The Randroids aren't happy unless someone is suffering.
