and, in addition, I totally agree that Social Security needs to be overhauled BUT doesn’t need to involve those already on it. (It’s too late to set up any other retirement for them). All one has to do is look at Medicare and see how socialized medicine is a failure.
I have read so many remarks about how “we old people” do not want to give up our Medicare....well, we were forced to get it and were told it would not cost us and we would be able to get care anywhere...thanks President Johnson where ever you are...now look at it. Medicare doesn’t cover much of anything. Most doctors are not taking it without some type of supplement or a replacement for it like an advantage policy...it doesn’t cover but a drop of the cost of your care...the deductables have to be met and the one for going in the hospital is almost $1200 now. If you can’t afford to pay for a supplement (which is expensive on fixed incomes) you are just up a creek.
My friends who have to pay for their Medicare and are on a minimum wage pay about $100 a month for the Medicare PLUS a supplement which can run anywhere from an additional hundred to two hundred dollars monthly depending on your age. Now add that up and shove it toward President Johnson’s ghost....does that sound like “hardly any cost” to you when your total income may be less than $1000 month.
There are many people out there that have gotten older...payed into both of these programs and are now on the below poverty level and actually starving. I am blasted mad at what was done through these two programs. YES...OVERHAUL THE ENTIRE SYSTEM....IT WAS, IS AND WILL ALWAYS BE A FAILURE!! I can personally testify to that!
“There are many people out there that have gotten older...payed into both of these programs and are now on the below poverty level and actually starving. I am blasted mad at what was done through these two programs.”
Not only is it these programs, it is the nature of our “money” that causes this. Fractional Reserve Banking requires inflation to work. And an expanding credit bubble. What this results in the is that the worker who tries to save does not REALLY know how MUCH to save, because the money does not have a constant value. It changes over time. What is happening today is the US dollar has been weakened. So, where your plans and those of other thrifty people become unable to do what you need your dollars to do. The dollars are worth-less and don’t go as far as they should have.
And entire generation was told that there were going to be help for them. They were lied too. AND the Powers That Be KNOW THIS.
You should be mad. It is not just you. Look at the college grads who can’t find work and have student loans they have no way to pay back. The need for debt to keep our money system going will make slaves of us all.