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Recursion

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128. Most retirees I know own their house, which is unimaginable to me

Reply to gollygee (Reply #124)

Fri Apr 12, 2013, 01:41 PM

Apr 2013

If I didn't have to pay rent, I'm not sure how much money I would need, for that matter.

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Am I wrong that Obama's chained CPI proposal exempts the bottom 20% of seniors? [View all] Recursion Apr 2013 OP

Clueless comment HERVEPA Apr 2013 #1

Absolutely clueless. timdog44 Apr 2013 #36

So...a one-word Presidential budget proposal, then? Something like 'Utopia'. randome Apr 2013 #39

And why should not a budget plan "proposal" timdog44 Apr 2013 #75

It's possible that Chained CPI, combined with the 'donut hole' of prescription coverage... randome Apr 2013 #78

It was probably a mistake because of the "outrage" it caused? Cal Carpenter Apr 2013 #86

It would also be a mistake if it reduces anyone's payments. randome Apr 2013 #92

This chained CPI will not make it out of congress. timdog44 Apr 2013 #121

By itself it could Recursion Apr 2013 #133

Read the AARP report on food insecurity among older Americans Recursion Apr 2013 #85

Agreed that food insecurity timdog44 Apr 2013 #120

What we don't need are Democrats selling out on SS. SS had zero to do with the deficit sabrina 1 Apr 2013 #135

At what income level would the chained CPI kick in? Do we know that? pnwmom Apr 2013 #146

That is part of the problem. timdog44 Apr 2013 #149

No need for apologies! None of us has enough information on this pnwmom Apr 2013 #150

Right. treestar Apr 2013 #2

Because of course if you aren't starving RIGHT NOW you deserve to! n2doc Apr 2013 #5

If you're starving RIGHT NOW you aren't above the 20th percentile of retirees Recursion Apr 2013 #7

What about the Right Now part don't you understand? n2doc Apr 2013 #8

Yes, if you're in the 25th percentile you're not starving RIGHT NOW Recursion Apr 2013 #9

How do we know if someone in the 25th percentile is starving or not. peace13 Apr 2013 #33

Let's factor that in. Under Obama the Medicare drug donut hole is being eliminated, he has expanded Hoyt Apr 2013 #41

Spot on. madokie Apr 2013 #49

So, chained CPI is a good thing? A plan that's supported by the Club for Growth? myrna minx Apr 2013 #52

Chained cpi is not going to happen madokie Apr 2013 #55

+1 ty. so hard sometimes... to be here. n/t Whisp Apr 2013 #70

Bankster IS a word PADemD Apr 2013 #112

People who are starving right now will see no change in their benefits treestar Apr 2013 #10

So you are saying there is no problem with Elderly folks going hungry in this country? n2doc Apr 2013 #12

Per AARP, the main problem is adults age 50-59 Recursion Apr 2013 #15

Rich is now being above the absurdly low poverty line? TheKentuckian Apr 2013 #165

Do you ever hear yourself speak? Oilwellian Apr 2013 #26

I could not even bother commenting on that riduclous statement Skittles Apr 2013 #155

"People who are starving right now...so they are not starving." progressoid Apr 2013 #53

So starving is our new baseline? myrna minx Apr 2013 #54

Ask n2doc; that's who brought it up upthread Recursion Apr 2013 #65

Hell hath no fury like a middle-class retiree... Recursion Apr 2013 #6

I didn't think it was that specific but I could be wrong. randome Apr 2013 #3

If many seniors move most of their expenses into health care, conceivably Recursion Apr 2013 #4

Right, it is merely a different method of calculating COLAs treestar Apr 2013 #11

Well stated. randome Apr 2013 #16

It is not more accurate and sure as hell isn't for Seniors Tom Rinaldo Apr 2013 #27

How does a chained CPI understate medical expenses? Recursion Apr 2013 #34

Inflation is measured by weighing a mixed "market basket" of typical expenditures Tom Rinaldo Apr 2013 #40

Right, but the point of a chained CPI is to *actually measure* what people spend Recursion Apr 2013 #58

Any general CPI understates the inflation that the elderly see muriel_volestrangler Apr 2013 #98

It understates the inflationary impact of rising health care costs for seniors. Tom Rinaldo Apr 2013 #99

if the inflation index accurately portrayed real price inflation magical thyme Apr 2013 #31

SS provides majority of income for 2/3 of retirees PA Democrat Apr 2013 #13

More data before you pooh-pooh the impact: PA Democrat Apr 2013 #17

I think benefits should be increased. But SS was never intended to be a pension. randome Apr 2013 #21

Only about 20% of retirees use it as their *sole* income Recursion Apr 2013 #23

Interesting observation. randome Apr 2013 #25

Interesting load of codswollop, really. enlightenment Apr 2013 #114

Thank you for posting this info, kiva Apr 2013 #125

20% was the *lowest*, not highest, earners Recursion Apr 2013 #129

Nice try, but that's not what you said. enlightenment Apr 2013 #154

I remember hearing about pensions. Tom Rinaldo Apr 2013 #29

I think you can still find mention of them in history books. randome Apr 2013 #32

At a time of elimination of defined benefits pensions, and stagnant wages PA Democrat Apr 2013 #44

No. I doubt anyone on DU thinks it's a good idea. randome Apr 2013 #50

All over the map of course whatchamacallit Apr 2013 #68

Read this very thread. The narrative is now changing. Now chained CPI is evolving into a good thing. myrna minx Apr 2013 #77

I've seen one person say it's good Recursion Apr 2013 #80

It COULD be a good thing when combined with the 'donut hole' of prescription coverage. randome Apr 2013 #82

Yeah, pretty sickening, isn't it? PA Democrat Apr 2013 #90

Denial and then finally acceptance. Less is the new more. neverforget Apr 2013 #94

The original intent is irrelevant. HERVEPA Apr 2013 #61

Yes, SS is difficult to retire on by itself, and wasn't designed to be a sole income Recursion Apr 2013 #22

And people did not plan on stagnant wages, skyrocketing health care costs, PA Democrat Apr 2013 #109

We've had 30 + years of stagnent wages, our "investments" in the failed myrna minx Apr 2013 #113

The budget would pump money into job creation Life Long Dem Apr 2013 #119

I agree there's some great ideas in his budget, but you myrna minx Apr 2013 #122

The crisis will be coming within 30 years!!! Life Long Dem Apr 2013 #153

You are correct. sinkingfeeling Apr 2013 #14

The poorest Life Long Dem Apr 2013 #18

You keep typing that all over DU without any supporting facts and without details. Bluenorthwest Apr 2013 #42

Then if it's such a great proposal, one that's supported by the Club for Growth, then why myrna minx Apr 2013 #46

I don't think it's a bluff. I DO think it was a mistake. randome Apr 2013 #51

Because it IS a tax increase that is skewed to impact the middle class PA Democrat Apr 2013 #83

There are protections mentioned in the budget, too. randome Apr 2013 #96

I think this bill is about 4 months away Life Long Dem Apr 2013 #63

You're *for* chained CPI? This is a good proposal? myrna minx Apr 2013 #71

I'd like more from COLA Life Long Dem Apr 2013 #88

Wow. I just don't know what to say. I can't believe some Dems are just willing myrna minx Apr 2013 #103

Desperate people will grasp at straws Rex Apr 2013 #108

Jimmy Carter did the same thing in 1977 Life Long Dem Apr 2013 #110

That is pretty misleading. No one will be lifted above the poverty line by Chained CPI Tom Rinaldo Apr 2013 #48

What did SS have to do with the deficit? Why would a Democrat perpetuate the sabrina 1 Apr 2013 #137

This is the problem I have with the so called timdog44 Apr 2013 #141

The "poverty line" is just a bunch of irrelevant horseshit eridani Apr 2013 #161

2010 seniors fled democrats. aandegoons Apr 2013 #19

Voters 18-29 outnumbered voters 65+ in 2012 Recursion Apr 2013 #20

So we don't need 50+ folks. aandegoons Apr 2013 #64

Well, we're winning without them right now Recursion Apr 2013 #67

we are calling it close when we should be no where near the repukes. aandegoons Apr 2013 #74

Turnout among young voters plummets in non-presidential years jeff47 Apr 2013 #140

That was because Democrats flat out refused to defend traditional Medicare eridani Apr 2013 #162

It shouldn't be proposed, period. duffyduff Apr 2013 #24

Read the rest of this thread. randome Apr 2013 #30

It's not a cut in SS Life Long Dem Apr 2013 #38

Walk into any Casino jehop61 Apr 2013 #28

Oh yeah, Social Security is a gambling stake for greedy seniors Jersey Devil Apr 2013 #37

my point jehop61 Apr 2013 #57

Another Obama the grand chess master post Jersey Devil Apr 2013 #95

Sorry jehop61 Apr 2013 #115

And walk into any club or most concertss kiva Apr 2013 #132

oh dear jehop61 Apr 2013 #158

"if you're in the 25th percentile you're not starving RIGHT NOW" Tom Rinaldo Apr 2013 #35

It's your typical, Third Way propaganda Oilwellian Apr 2013 #43

You nailed it Tom, and there is a good reason all of these defenses of the cuts Bluenorthwest Apr 2013 #45

This new justification is fucking sick. The Link Apr 2013 #47

No, you're confusing me with n2doc Recursion Apr 2013 #59

No I'm not. You may not have said it first but you said it: Tom Rinaldo Apr 2013 #101

I certainly did not agree with n2doc. I thought that post was silly and derailing (nt) Recursion Apr 2013 #106

It's ever so progressive to cut SS for all but the poor while not raising the taxes of the rich. Tierra_y_Libertad Apr 2013 #56

this thead is so depressing with all the fucking right wing memes cali Apr 2013 #60

Two issues Recursion Apr 2013 #62

Why the "deal"? Considering there a multitude of other ways to find the money. Tierra_y_Libertad Apr 2013 #66

Because it passes a budget Recursion Apr 2013 #69

Is there no other way to raise the money? Tierra_y_Libertad Apr 2013 #73

You've never heard of a Sophie's Choice? Recursion Apr 2013 #76

At what point in the film did Sophie offer a proposal to kill one of the kids? Bluenorthwest Apr 2013 #79

I know, right? whatchamacallit Apr 2013 #84

No kidding! This thread is surreal. myrna minx Apr 2013 #93

It certainly is absurd. Theater of Cruelty comes to mind. Bluenorthwest Apr 2013 #104

I was actually stunned by that comment. myrna minx Apr 2013 #111

DU is so strange lately, I believe I am seeing the scope of some peoples Rex Apr 2013 #116

Dumbest analogy ever. The Link Apr 2013 #97

+1000 PA Democrat Apr 2013 #147

What is the standard you are using for 'poor'? Bluenorthwest Apr 2013 #72

And it's ever so progressive to hit women harder than men Liberalynn Apr 2013 #81

We won't raise taxes on the top 3%... BlueCheese Apr 2013 #87

We have raised taxes on the top 3%, and this is part of a proposal to raise them more Recursion Apr 2013 #89

Sorry-- I meant top 3% as opposed to the top 1%. BlueCheese Apr 2013 #100

I think you'll be unpleasantly surprised by the answer!!! Yo_Mama Apr 2013 #91

Thanks for injecting some facts and figures. Bluenorthwest Apr 2013 #102

OK, where does the cut-off kick in? Recursion Apr 2013 #107

I haven't been able to get the details Yo_Mama Apr 2013 #118

The bottom third or so of seniors are dual-eligible Recursion Apr 2013 #126

But it doesn't save much money! Yo_Mama Apr 2013 #160

Thank you for posting this. (nt) NYC_SKP Apr 2013 #145

So in other words there is not a magic '20% protection' legal wording Rex Apr 2013 #152

Here's the text Yo_Mama Apr 2013 #159

Thank you! Rex Apr 2013 #163

Laughing Yo_Mama Apr 2013 #164

Yup, only 80% get screwed Progressive dog Apr 2013 #105

Totally. Utterly. Wrong. MannyGoldstein Apr 2013 #117

Your basis for that? Recursion Apr 2013 #127

Gotta link? MannyGoldstein Apr 2013 #139

very interesting. That is how I read it myself. graham4anything Apr 2013 #123

Are only the bottom 20% having trouble? gollygee Apr 2013 #124

Most retirees I know own their house, which is unimaginable to me Recursion Apr 2013 #128

Really? gollygee Apr 2013 #130

Yes, but most retirees I know are in small rural towns in the South or in my neighborhood in DC Recursion Apr 2013 #131

I doubt anywhere vaguely close to 80% of seniors own their own homes gollygee Apr 2013 #134

81% over 65 own their home Recursion Apr 2013 #143

I saw 81% listed in the census as home owners gollygee Apr 2013 #144

At that age many have reverse mortgages, which is kind of the point Recursion Apr 2013 #156

That number doesn't just include people with reverse mortgages gollygee Apr 2013 #157

Wow. It sounds like you begrudge them having a roof over their heads. PA Democrat Apr 2013 #148

It will turn the "middle and higher" into the most vulnerable. Stop with the BS madfloridian Apr 2013 #136

I don't buy it Recursion Apr 2013 #138

Democrats are making cuts from which they must protect the poorest. madfloridian Apr 2013 #142

yes n/t Enrique Apr 2013 #151