Posted on 08/15/2016 8:46:16 AM PDT by Olog-hai
This is the same bull crap they want to do here. They have stolen my money from the time I was 12 and got my first job and they damn well want to keep it for themselves and those who refuse to work.
Why not just raise the retirement age to 100 and stop lying about how they are here to help us.
Somebody has to pay for that refugee welfare.
Those numbers are dependent on retention of the social market economy.
And the Bundesbank is far more influential on both the economy and the government than people unfamiliar with that system may realize. This extends to the eurozone too, what with the heavy influence on the European Central Bank, which is its clone.
One has to make some assumptions about such things.
If society breaks down in the next 10 years, yeah, all bets are off.
This is not so much a matter of the Federal Bank exerting influence as it is math. The fact that it is the Federal Bank that does the math does not change the underlying facts.
When SS started, benefits did not kick in until you had outlived the average life expectancy stat.
This is why they are incrementally bumping it up in the U.S. It really needs to be 70.
There shouldn’t be such Ponzi schemes to begin with. They knew that they would be able to do funny stuff with the figures.
No, there is 20% youth unemployment in the EU. There are a lot of young people not pulling the cart.
Europe should be changing its policies to make it easier to hire and fire and start new businesses so that their youth can contribute instead of importing people from an incompatible culture that don’t contribute to the economy either.
The hidden elephant in the room is immediately END Monopoly Central Banks. A Federal Bank is a monopoly skimming unearned money from the people.
Let all Central Banks compete for money. People actually own 2 or more homes, but your Central Scoundral skimmed those off you, your retirement gone, then deny your retirement.
This assignment I will leave to others to figure out, but the ripoff is in the hidden math.
EagleUSA wrote: “Typical. Government spending money that it was not supposed to spend....or wants to spend...so now the people must work longer. Lots of governments having serious accountability problems...”
The problem could more accurately be stated as this: now the people will have to work longer to pay for the free things they voted for in the past.
If Social Security is to be set at Life Expectancy, then the retirement age needs to be 83.
Works for me. Nobody should be counting on Social Security.
Stopped reading when I saw this big whopper fool the masses, Big Bank lie:
“the Bundesbank said that even with the current favorable financial situation”
Yeah, the current financial situation in German is so favorable, they’ve stooped to implementing zero / negative bank savings interest rates and Deutsche Bank (their biggest bank) indicates it’s in trouble to the tune of Billions of euros resulting in massive layoffs.
Everything is fine.
Yes, I make my statement with the thought that it is a good way to phase it out.
And it really needs to be phased out.
Sadly, we have a LOT of entitlements that can’t be phased out. The way they go away is for the country to collapse under their weight. The phoenix that rises from the ashes then starts fresh.
If Social Security is to be set at Life Expectancy, then the retirement age needs to be 83.
People cannot work until 70 years old. Some occupations, Govt regulates you out of a job. The other private occupations, age discrimination is an old age ban on work.
In some South American countries, by age 30, you are no longer employable, yes by age 30. In USA, age 55 and over, many are unemployable.
Raise SS age to 120 years old, is one solution.
The solution is simple math. Count everyone over age 65, invert and multiply by the total dollars, i.e. adjust monthly benefit.
This is not rocket science. Adjust the age, eg 70 to steal more SS funds.
Adjust the amount, is honest accounting.
You should notice the lying media NEVER mentions the simple solution, because their intent is to steal more funds.
(The audience cheers wildly, thank you thank you. Lol)
Soon to be 68 and meeting with hundreds of my high school classmates; I note the wide variability of how age defends upon us.
Friends once vital are feeble. Some are barely looking fifty. Some are dead and some are new fathers.
Chronological age is a poor judge of when retirement assistance is needed.
It is true that needs differ by individual.
If only there were some process by which decisions could be made on an individual basis, by the person most interested in the welfare of that individual, about that individual’s life decisions.
That way an customized plan could be created for each one, taking into account the resources available, desired retirement lifestyle, and other factors. The plan could then be implemented, with enough advance time to make success likely.
What would we call such a system?
Free up some more migrant money.
IF they can find the jobs at 65 to 69 years of age.
Not to fear. There are plenty of new highly skilled and well educated invaders to take the retirees’ positions.
Personal responsibility.
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