Tag Archives: pensions

Worth losing Medicare and Social Security to Make America Great?

the american way
I confess I don’t understand the logic, but around here eavesdropping on conversations between folks of SS pension age, they think losing their SS pension is going to be just ducky.

Not to say they’re mentioning Social Security, or Medicare, or Medicaid. But they’re obviously receiving it, and they’re tickled pea green with the politicians who have every intention of taking away that part of their livelihood.

They love this man in the White House now and considered the State of the Union message ‘inspirational’. Not one dissenting comment I’ve overheard yet.

Well, heck. As a man who relies on Social Security for my only source of income, and on Medicare for a substantial piece of my medications, I’d just like to say, I don’t think America is likely to become great by causing greater hardship for anyone at all in the population. And I’m a bit appalled to see so many people expressing their glee that a bunch of wealthy politicians of both parties are going forward with deliberate plans to do precisely that.

Fact is, if there was ever anything to admire about this country it was the claim that as a people we wanted to make life better for everyone among us.

And in my opinion only human scum would take any joy out of trying to make it worse for any of us.

Old Jules

401Ks and IRAs touring Atlantis

Speaking of savings and shell games.

Privatizning the Social Security Administration ought to seal things up.  Close the doors and call the law to get the vagrants off the streets.

Privatizing the Social Security Administration ought to seal things up. Close the doors and call the law to get the vagrants off the streets.

My friend Rich worked most of his life for one of the phone companies going around testing and fixing whatever the hell goes wrong with them.  Spang came nigh unto getting runned over by out-of-control cars, getting electrocuted, all the dangers of being a working man.

But he was prudent.  Constantly did the wise, advised thing every month, investing in 401K and IRAs just as wise advisors said a person ought to so’s to have some security in old age retirement.

Had himself a comfortable pile of money in there when it came retirement time, looked forward to his remaining years without financial worries or woes.

Then he noticed his money was going away without him touching it.  Spang, suddenly the value of his 401Ks and IRA shrunk, then shrunk some more, vanished into the Twilight Zone.

Hell of a bargain for him because he didn’t have to go to the trouble of spending it.  Whatever the hell happened to that money, evidently someone somewhere else who didn’t go to the trouble of saving it must have stuck in his pockets, bought a new Mercedes, snorted some really good stuff.

So now old Rich draws his Social Security pension and tries to live on it, same as so many others.  Doesn’t have to worry about what kinds of things he might buy if he had that money.

All he has to worry about now is whether the US government will keep paying him his Social Security pension, or whether they’ll turn it over to the same people who handled his 401Ks and IRAs.

Life goes on.

Old Jules