Comments on: Social Security? Not Exactly http://dailyreckoning.com/social-security-not-exactly/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 23:16:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: florida medicare part d http://dailyreckoning.com/social-security-not-exactly/#comment-143669 florida medicare part d Thu, 02 Dec 2010 23:51:57 +0000 http://dailyreckoning.com/?p=17748#comment-143669 while most beneficiaries' premiums will continue relatively dependable in 2011, individuals that already pay for higher payments for physician's visits together with other 'Part B' coverage may also pay far more for 'Part D' doctor prescribed drug policy cover come january. 1....even greater, insurers tend to be eliminating and consolidating many hundreds of Medicare-related plans the year 2010, in a part to follow recent regulations created for reducing duplicative projects. while most beneficiaries’ premiums will continue relatively dependable in 2011, individuals that already pay for higher payments for physician’s visits together with other ‘Part B’ coverage may also pay far more for ‘Part D’ doctor prescribed drug policy cover come january. 1….even greater, insurers tend to be eliminating and consolidating many hundreds of Medicare-related plans the year 2010, in a part to follow recent regulations created for reducing duplicative projects.

]]> By: Jan Rich http://dailyreckoning.com/social-security-not-exactly/#comment-29130 Jan Rich Tue, 29 Sep 2009 01:05:43 +0000 http://dailyreckoning.com/?p=17748#comment-29130 I dont think it is right to stop social sercuity pay raises when congress and senate and president are getting a raise. stop giving it to mexican and other foriegners who have never worked in the USA . the set up was for americans who lived and worked here. I dont think it is right to stop social sercuity pay raises when congress and senate and president are getting a raise. stop giving it to mexican and other foriegners who have never worked in the USA . the set up was for americans who lived and worked here.

]]> By: LA http://dailyreckoning.com/social-security-not-exactly/#comment-21977 LA Thu, 03 Sep 2009 00:40:37 +0000 http://dailyreckoning.com/?p=17748#comment-21977 Social Security was a ponzi schemeLife expectancy is based upon the year you were born. So a person turning 65 in 1935 would have been born in 1870. In 1870, only 2.5% of all Americans made it to age 65. According to the CDC the life expectancy for people born in 1930 was overall average 59.7 men 58.1 women 61.6 Average white 61.4 white men 59.7 white women 63.5 Average blacks 48.1 black men 47.3 black women 49.2 Social Security was a ponzi schemeLife expectancy is based upon the year you were born. So a person turning 65 in 1935 would have been born in 1870. In 1870, only 2.5% of all Americans made it to age 65.

According to the CDC the life expectancy for people born in 1930 was overall average 59.7 men 58.1 women 61.6
Average white 61.4 white men 59.7 white women 63.5
Average blacks 48.1 black men 47.3 black women 49.2

]]> By: Frank http://dailyreckoning.com/social-security-not-exactly/#comment-19832 Frank Fri, 21 Aug 2009 11:48:58 +0000 http://dailyreckoning.com/?p=17748#comment-19832 Good article, but in the end about the rating agencies you make the same mistake as a lot of people: "Of course, mortgage – backed securities get a AAA…housing prices never fall" The AAA rating was only for parts of ABS products, namely the highest tranches in the structure and the most remote from the default risk. So there was an amount of risk left in the calculations, which is borne by the lower tranches in a structure. I do not defend the agencies, but they were not as stupid as most commentators say they were. Good article, but in the end about the rating agencies you make the same mistake as a lot of people: “Of course, mortgage – backed securities get a AAA…housing prices never fall”
The AAA rating was only for parts of ABS products, namely the highest tranches in the structure and the most remote from the default risk. So there was an amount of risk left in the calculations, which is borne by the lower tranches in a structure. I do not defend the agencies, but they were not as stupid as most commentators say they were.

]]> By: CDS http://dailyreckoning.com/social-security-not-exactly/#comment-18877 CDS Sat, 15 Aug 2009 21:59:16 +0000 http://dailyreckoning.com/?p=17748#comment-18877 How could Americans be so downright dumb! to let this corrupt government run our lives. America is a Beautiful country with hard working people but a government who takes advantage, lines their cooupt pockets and dares to live high on the hog right before our eyes. Public servants I think not. We need to run our own lives and stop giving them so much power to control everything! 2011 they will be taking 55% of what you worked hard for to leave to your family . Sooner or later the hard working American will give up and they will run out of other peoples money to spend. God help us!!!Keep letting Illegal's in another ploy to get the votes and we foot the bills. How could Americans be so downright dumb! to let this corrupt government run our lives. America is a Beautiful country with hard working people but a government who takes advantage, lines their cooupt pockets and dares to live high on the hog right before our eyes. Public servants I think not. We need to run our own lives and stop giving them so much power to control everything! 2011 they will be taking 55% of what you worked hard for to leave to your family . Sooner or later the hard working American will give up and they will run out of other peoples money to spend. God help us!!!Keep letting Illegal’s in another ploy to get the votes and we foot the bills.

]]> By: JMR bayou bobby http://dailyreckoning.com/social-security-not-exactly/#comment-18322 JMR bayou bobby Wed, 12 Aug 2009 08:31:05 +0000 http://dailyreckoning.com/?p=17748#comment-18322 you people I swear discussing the centuries old delusion of credit ratings, government guaranteed money for dotage, slicing ever more thin the shades of the bruise we call the economy really, look at what you've done, just look at it you people I swear

discussing the centuries old delusion of credit ratings, government guaranteed money for dotage, slicing ever more thin the shades of the bruise we call the economy

really, look at what you’ve done, just look at it

]]> By: Art http://dailyreckoning.com/social-security-not-exactly/#comment-18284 Art Wed, 12 Aug 2009 03:20:01 +0000 http://dailyreckoning.com/?p=17748#comment-18284 I've read US life expectancy in 1935 was less then 65 years. Where does your 76.9 year figure come from? Is that the average age to be reached by those who did make it to 65? I thought social security was initiated as a scam? I’ve read US life expectancy in 1935 was less then 65 years. Where does your 76.9 year figure come from? Is that the average age to be reached by those who did make it to 65? I thought social security was initiated as a scam?

]]> By: John http://dailyreckoning.com/social-security-not-exactly/#comment-18241 John Tue, 11 Aug 2009 21:46:17 +0000 http://dailyreckoning.com/?p=17748#comment-18241 Isn't that why the government is proposing a national health system, so that it can ration treatment to the aged, hoping that they will die off sooner, and save us a bunch on social security! Isn’t that why the government is proposing a national health system, so that it can ration treatment to the aged, hoping that they will die off sooner, and save us a bunch on social security!

]]> By: tony bonn http://dailyreckoning.com/social-security-not-exactly/#comment-18231 tony bonn Tue, 11 Aug 2009 20:57:21 +0000 http://dailyreckoning.com/?p=17748#comment-18231 there is absolutely no hope of reform or remediation regarding social security....we will all watch the elephant dance over the side of a cliff pulling everything down with it.... social security has proven resistant to political discussion let alone reform....profligate george bush expanded entitlements.... the problem with socialism is that you eventually run out of other people's money to spend.... social security will be resolved through a combination of higher taxes, lowered benefits, and extended eligibility age - all repudiations of promises made for generations....i.e. the people are screwed again....and yet the screwed voted for the lying politicians election after election so it's hard have any pity on those so shafted... there is absolutely no hope of reform or remediation regarding social security….we will all watch the elephant dance over the side of a cliff pulling everything down with it….

social security has proven resistant to political discussion let alone reform….profligate george bush expanded entitlements….

the problem with socialism is that you eventually run out of other people’s money to spend….

social security will be resolved through a combination of higher taxes, lowered benefits, and extended eligibility age – all repudiations of promises made for generations….i.e. the people are screwed again….and yet the screwed voted for the lying politicians election after election so it’s hard have any pity on those so shafted…

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