General Discussion
In reply to the discussion: This message was self-deleted by its author [View all]earthside
(6,960 posts)The bulge of the baby boomers will be trying to retire in the next ten to fifteen years.
And the bottom line truth is that the vast majority of them don't have and will not have sufficient retirement savings that will support them beyond two or three years.
Retirement Savings by Age: How Do You Compare?
Pres. Obama and the Tea-publicans can talk all they want about cutting Medicare benefits and/or Social Security benefits (or increasing the price) -- but the truth is that unless they really are willing to see millions and millions of 65-plus year old Americans in abject poverty and in atrocious states of ill health -- there are going to have to be major increases in benefits to individuals in those programs.
And, there are enough baby boomers that they will be a political force that will have to be given due deference.
The idea that Medicare and Social Security benefits can be cut (except maybe for a couple of years for political show) is a delusion.
This kind of talk by Obama, some Democrats and a lot of Repuglicans is just more evidence of how seriously out of touch they are with what is really going on out here in everyday America.