Star Member WillyT (54,003 posts)
Oh Look... The Children Of The Oligarchs Are Now Coming After Our Entitlements... Family Tradition
Oligarchs.....all of them.
elebinty!!!11Catherine Rampell sets forth the position that seniors haven’t paid for their Social Security and Medicare because they “generally receive†more in benefits out of these programs than they pay into them.
From the article:
Yes, seniors paid into Social Security and Medicare during the years they worked, if they worked. But they generally receive much more out of the entitlement system than they paid into it.
But let’s consider the average worker who turned 65 in 2010. Generally speaking, the people in this cohort will, more or less, break even on Social Security, according to Eugene Steuerle, an Urban Institute fellow who co-authors the annual report. (Earlier generations made out like bandits; for example, members of an average one-earner couple who turned 65 in 1990 receive twice as much in Social Security benefits as they paid in taxes.)
Medicare, on the other hand, is pretty much a steal no matter when you turned 65.â€
â€It boils down to this: Despite all the “we already paid for it†rhetoric popular among seniors, seniors did not pre-pay for their entitlements. If anything, they paid for their parents’ entitlements, which were more modest than the benefits today’s retirees receive.
All pretty much the way it is, (D)Ummies. But, that won't stop you from foaming at the mouth about oLiGArChS!!!111!!! will it.
Nooooo:
Star Member elleng (46,686 posts)
1. That's the plan, girl;
you and my children pay for mine.
The Price of Civilization: Reawakening American Virtue and Prosperity
It took me a few minutes to wipe the coffee off the monitor after that one.
Star Member Warpy (75,684 posts)
2. Somebody needs to slam this little twit up against a wall
and explain inflation to her until she gets it.
The Warped primitive wants to slam people up against the wall (because the author is fairly hot, I reckon) but it needs to be slammed against the wall and have inflation and it's causes explained to it.
DJ13 (22,441 posts)
3. Born with a silver spoon lodged in her ass
You bet. oLiGaRcHs!!1 ALL!!
DisgustipatedinCA (7,489 posts)
20. +++
These people don't deserve a respectful reply, and they'd ignore it and counter with a canned response anyway. So yes, **** Off is very much in order. Or maybe we can make a deal--she can have influence on policies affecting the poor and middle class if we can run policy as it relates to the wealthy. I don't think she'd take that deal.
Yeah! Right On! Power to someone else besides the oLiGarChS1!!11
Star Member whathehell (12,739 posts)
7. Rampell's full of shit -- The Boomers paid for themselves AND their parent's retirements..n/t
You're wrong, but hey, go with it, stoner boomer.
Star Member former9thward (9,668 posts)
19. Not really.
SS was never set up that way. It was set up so the present generation of workers would pay for retirees --- not for themselves. SS's problem currently is there is not enough present generation workers to pay for baby boomers as they move into retirement. The boomers did not have enough kids.
Whuuups....
Star Member Dragonfli (6,231 posts)
36. You are misinformed, in 1983 changes were made to Social Security
that increased the tax to nearly double precisely for my generation to pay for the generation ahead as well for ourselves. It was specifically designed to make up for the fact that the following generation would be comprised of less workers and the figure was calculated to make up that difference until the ratio leveled out again. It was called The Social Security Reform Act of 1983 if I recall correctly, I remember the debate quite well.
No shame in not learning about it, they have tried to place this inconvenient truth in the memory hole so they could make outrageous claims that might enable the theft of our hard earned and well invested (in T-bills) funds.
Peter Petersen misinformation aside, it is nonetheless true.
Whuuups.....
MohRokTah (347 posts)
10. And WillyT posts another thread I have no choice but to DURec.
It's disgusting how the children of privilege are handed everything on a silver platter by those who do their will in the world.
Keep in mind, the French Aristocrats didn't expect anything either.
DURec DURec...(D)Ummie like, DURec....
Who is this teabagging silverspooning oLiGarCh!!11 who writes this drivel, dammnit?
Star Member WillyT (54,003 posts)
17. Well...
Before joining The New York Times, Catherine wrote for the Washington Post editorial pages and financial section and for The Chronicle of Higher Education. She grew up in South Florida (the New York part) and graduated from Princeton.
From: http://topics.nytimes.com/top/reference/timestopics/people/r/catherine_rampell/
Whuuups....
There's an appearance by the Blob, but nothing crunchy.
http://www.democraticunderground.com/10024845569
