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#1 redistribution is their answer to everything. It's kinda like "Starving? we need more Islam!"
Posted by Frank G 2013-02-17 10:13||
#2 It's even worse than it looks - that example of $120,000 saved generating a $575/mo annuity is not adjusted for inflation. That $120,000 (or the $575) is losing value as new dollars are created to compete, at a rate of ~10% per year for the last 5 years.
Posted by Glenmore 2013-02-17 10:33||
#3 That's what happens when you sell your own children.
Government debt is slavery.
Posted by Bright Pebbles 2013-02-17 10:39||
#4 Back in the day, most American families cooked from scratch and ate out rarely. Children moved out only after getting married. Today's families spend money like there's no tomorrow. It's no surprise that their savings are being depleted rapidly. Means-tested increases in benefits are also a disincentive to save. The reality is that the more benefits increase, and the greater the means-testing, the greater the motivation to spend your savings down to the last penny before retirement, or hand it off to your children via large annual gifts.
Posted by Zhang Fei 2013-02-17 14:54||
#5 I swear to hell if I could take my eyes off Angry Burds Nimrod Edition I'd damn shoot that Zhang sucker.
Posted by Shipman 2013-02-17 15:34||
#6 Shoot me too, Ship, Because he's exactly correct.
Posted by Glenmore 2013-02-17 15:42||
#7 I'm standing behind Glenmore. Make certain you get us both.
Posted by Besoeker 2013-02-17 16:28||
#8 I'd love the idea that somewhere there's a guy playing Belligerent Avians we could blame everyone on because he's not paying attention. But the big problem is when he puts down Angry Birds and actually watches the News, it's Stephen Colbert, or Comedy Central, or NBC News...
Posted by Thing From Snowy Mountain 2013-02-17 18:08||
#9 Retirement? What's that?
Posted by tu3031 2013-02-17 18:13||
#10 "Retirement? What's that?"
DamnifIknow, tu. People keep asking me when I'm going to retire, but never offer to support me for the next 30 years. :-(
Posted by Barbara 2013-02-17 18:48||
#11 You can retire, Barbara. The death panels will ease your exit when you run out of money.
Posted by Glenmore 2013-02-17 19:21||