Retirees on Social Security are getting screwed.

Discussion in 'Economy' started by Neubarth, May 19, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    Consumer Price Index -April 2010

    On a seasonally adjusted basis, the Consumer Price Index for All
    Urban Consumers (CPI-U) declined 0.1 percent in April, the U.S.
    Bureau of Labor Statistics reported today. Over the last 12 months,
    the index increased 2.2 percent before seasonal adjustment.

    The index for energy decreased 1.4 percent in April and accounted for
    the seasonally adjusted decline in the all items index. The indexes
    for gasoline and natural gas both decreased significantly,
    outweighing increases in the indexes for fuel oil and electricity.

    The food index increased 0.2 percent in April, while the index for
    all items less food and energy was unchanged. The index for meats,
    poultry, fish, and eggs rose sharply in April and accounted for the
    food increase;
    other grocery store food groups were mixed and the
    index for food away from home rose slightly. Within all items less
    food and energy, the indexes for recreation, airline fares, and
    medical care all rose in April. Offsetting these increases were
    declines in the indexes for apparel and for household furnishings and
    operations. The continuing stability of the index for all items less
    food and energy has resulted in an increase over the last 12 months
    of 0.9 percent, the smallest 12-month increase since January 1966.
     
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  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    We have been seeing food go UP and the price of cars and computers go down. The overwhelming majority of Social Security recipients are living on those payments alone and they are supposed to be indexed to the rate of inflation. Unfortunately, the one thing that they can not do without is food, and it has been the one thing that keeps going UP and UP and UP in price while the SS payments are fairly steady state because there has been no inflation according to the US Gov. People just can not make it on SS anymore unless they are eating dog food. Even that has gone up and up in price.

    Welcome to America. Unlike the Chinese, we do not eat dogs. Instead we produce food for dogs from pig intestines and other parts of the animal that we as humans usually do not eat, and then sell it to 72 percent of our senior citizens to eat.
     
  3. Granny
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    Granny Gold Member

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    Well, those on SS did NOT get a cost-of-living raise this year nor will they get a cost-of-living raise next year. That's already been announced.
     
  4. JWBooth
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    JWBooth Gold Member

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    I sympathise. Yet they are reaping the reward for a lifetime in believing that the state exists to take care of the individual, his needs and desires from cradle to grave. At best a fallacy, at its base, a cruel lie.
     
  5. Barb
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    Barb Carpe Scrotum

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    You know, it isn't only senior citizens who suffer from this. Most of the working families in this country can't do without the staples you mention, and they haven't seen real wages rise in for.fucking.ever.
    For seniors who depend on SS, it is a bad thing, but SS is event based, rather than needs based, and a whole lot of seniors who receive it do not rely on it, and would not be poor without it.
     
  6. Barb
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    Barb Carpe Scrotum

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    It is an entitlement program, which does not mean what the term would seem to imply. People contribute to the pool, and should rightfully expect to draw from it.

    You want to go to dog-eat-dog every man for himself and fuck anyone else? Prepare to reap the results.
     
  7. Bill O'Olberman
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    Bill O'Olberman Active Member

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    What about a 23 year old like me whos got decades of paying into Social Security now? Will I even have SS around when I retire? Will they raise the retirement age and decrease benefits to people who receive payments in the future? Will they just start taxing me more? Im getting really fucked over.
     
  8. Barb
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    Barb Carpe Scrotum

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    You're fucked. So am I if it makes you feel better, I'm 47, and worked since I was twelve, on the books.
    Nope.
    Probably, if it exists at all.
    Maybe, if it exists at all.
    Yes, you are. Welcome to the Korporate states of Amerikka.
    Hows that invisible hand treating you?
     
  9. JWBooth
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    JWBooth Gold Member

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    Assuming that nothing much changes, you are getting a lifetime of being screwed. Start your own savings plan now. I know it's tough, to imagine having to make your way 40 or more years from now, but its better to start now, than wait till later.

    Its a ponzi scheme. What each worker is taxed to pay into the program is but a pittance of what they ultimately receive in return. Today's "contributor" is paying for today's recipient.
     
  10. PatekPhilippe
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    PatekPhilippe Senior Member

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    You're fucked dude....my only suggestion to you is to put away at least 10% of your gross pay for the rest of your life.....keep it liquid. Invest in commodities when the country is at war...invest in stocks when we are not in a war.

    Basically what you pay into social security is used to pay out benefits to todays retirees because of LBJ's failure back in the 60's. By the time you retire there won't be any SS left...it'll all be paid to China to service our debt.
     
    Last edited: May 19, 2010

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