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Reply #5: more work from you to reduce social security and Medicare [View All]

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CreekDog Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 12:23 PM
Response to Reply #3
5. more work from you to reduce social security and Medicare
for a while you were a strong advocate of cutting Medicare and then for a while you wanted it for all.

now you're back to advocating to cut it again.

:banghead:
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  -Record age wealth gap: 60+ = 170K median net worth, under 35 = 3.6K Liberal_in_LA  Nov-07-11 11:52 AM   #0 
  - But the demand is that the YOUNG owe the OLD, for promises made before they were born?  Romulox   Nov-07-11 11:55 AM   #1 
  - I would assume there's a sort of bell curve here  grasswire   Nov-07-11 12:07 PM   #2 
  - And those who are over 60 probably had less than $3,500 in savings  JDPriestly   Nov-07-11 02:13 PM   #20 
     - No, we know they had more, because the article tells us  muriel_volestrangler   Nov-08-11 06:00 AM   #37 
        - That is because previous generations received monthly checks from  JDPriestly   Nov-08-11 04:35 PM   #40 
  - Partly due to social security and medicare which is not means tested.  dkf   Nov-07-11 12:15 PM   #3 
  - But surely having far more to do with more time to save and build equity. nt  dmallind   Nov-07-11 12:21 PM   #4 
  - My bet is that social security and Medicare allow the elderly to not have to spend down their wealth  dkf   Nov-07-11 12:30 PM   #6 
  - And when they die, that small sum of money goes to their children.  JDPriestly   Nov-07-11 02:07 PM   #18 
  - That is such BS. How old are you DKF? Do you have any idea how much medical care  TBF   Nov-07-11 02:09 PM   #19 
  - Wrong. It slows down the spend down process  eridani   Nov-08-11 12:22 AM   #35 
  - It also has to do with coming of age in a time  Big Blue Marble   Nov-07-11 12:33 PM   #7 
     - In the 1960s, conservatives like William F. Buckley propagandized the  JDPriestly   Nov-07-11 06:56 PM   #29 
        - Don't forget the John Birch Society  Art_from_Ark   Nov-07-11 09:44 PM   #32 
  - more work from you to reduce social security and Medicare  CreekDog   Nov-07-11 12:23 PM   #5 
  - Actually, Social Security and Medicare are in a sense means tested  JDPriestly   Nov-07-11 01:26 PM   #12 
  - DKF, that is capitalism. As I recall it's the kind of thing you defend a lot here on DU.  JDPriestly   Nov-07-11 01:30 PM   #13 
  - This is a median, not a mean, and quite accurate  dmallind   Nov-07-11 02:03 PM   #16 
  - DKF, that seniors have savings is the result of capitalism.  JDPriestly   Nov-07-11 02:06 PM   #17 
  - +1. This figure counts owned homes. Not liquid assets n/t  jtown1123   Nov-07-11 02:39 PM   #23 
  - We use the iPhones to livestream the revolution  MedleyMisty   Nov-07-11 07:06 PM   #30 
  - Boomers' kids are NOT paying for us  eridani   Nov-08-11 12:26 AM   #36 
  - Nope. It has nothing to do with SS and Medicare.  Gormy Cuss   Nov-07-11 02:53 PM   #26 
  - Link to the actual study report, for those who want spin-free info:  Gormy Cuss   Nov-07-11 03:04 PM   #27 
  - Bullshit. There is a maximum yearly SocSec payout of $28,500, no matter how much you put in  eridani   Nov-08-11 12:20 AM   #34 
  - This is the type of article that is meant to be divisive.  Big Blue Marble   Nov-07-11 12:40 PM   #8 
  - True that.  a simple pattern   Nov-07-11 12:57 PM   #9 
  - So?????  JDPriestly   Nov-07-11 01:23 PM   #10 
  - You've got that right.  Blue_In_AK   Nov-07-11 01:41 PM   #14 
  - Be careful not to confuse average and median numbers .......  oldhippie   Nov-07-11 01:51 PM   #15 
  - The article says the difference has increased significantly  muriel_volestrangler   Nov-08-11 06:13 AM   #39 
  - This is just one more way of trying to perpetuate  Blue_In_AK   Nov-07-11 01:25 PM   #11 
  - Yes. I am pretty sure this figure counts owned homes. After that, seniors don't have any more $  jtown1123   Nov-07-11 02:38 PM   #22 
  - Exactly right.  JNelson6563   Nov-07-11 02:45 PM   #25 
  - But, the elderly are spending more of their money on medical costs.  JDPriestly   Nov-07-11 02:30 PM   #21 
  - This another divide and conquer tactic. Just like union workers make too much.  county worker   Nov-07-11 02:44 PM   #24 
  - Exactly  Art_from_Ark   Nov-07-11 09:39 PM   #31 
  - What's the great suprise? Its call home ownership - many old folks own their homes outright  ThomWV   Nov-07-11 03:42 PM   #28 
  - Inflation, low wages and the high cost of education.  ellisonz   Nov-07-11 10:00 PM   #33 
  - If you took away the value of my house  hobbit709   Nov-08-11 06:07 AM   #38 
 

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