A Message From Lucianne  







S-G1




























ST-GC


   
 
Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google


Are Rising Health Care Costs
Creating a Retirement Crisis?

American Magazine, by Andrew G. Biggs

Original Article

Posted By:EagleBlurst, 7/28/2014 9:39:08 AM

It’s almost taken for granted that Americans are dramatically undersaving for retirement. Some headline-generating studies claim that half of Americans will fall short of what they need; others say it’s two-thirds or more. And, these studies claim, it gets even worse when we take rising health costs for retirees into account. Facing a seeming retirement crisis, progressives propose expensive expansions of Social Security, despite the program’s multi-trillion-dollar unfunded liabilities. In reality, though, the retirement crisis is overblown. And the claim that health costs mean we need to save dramatically more for retirement shows a misunderstanding of

      


Post Reply  

Reply 1 - Posted by: MargaretM., 7/28/2014 9:50:11 AM     (No. 9942931)

Not being an expert on the subject and not knowing the validity of the financial data he presents, I can barely understand his point.

To me, the fact that too many people are already living off the productivity of a declining work force and those same individuals plus new retirees don´t have savings to fund their old age needs is a cause for great concern.

The "Boomers" are just beginning to depend on Medicare and Social Security, the former was "robbed" of funding to subsidize Obamacare. We are allowing Central Americans to flood here and soak up benefits -- if they do eventually work, it will often be off the books and generate no taxes to offset their costs.

How do we pay for all of this with corporations fleeing our high tax rate?

  Click Here if you Like this Comment

    12 persons like this.


Reply 2 - Posted by: shamus, 7/28/2014 10:40:49 AM     (No. 9943024)

The fund for disability is almost drained.

Plans are afoot to tap the Social Security Trust Fund so that disability payments can be maintained. This will move up the date when the current law mandates a 25% cut in Social Security payments. Current estimates indicate the year 2033 as the time when benefits are automatically cut, but taking out money for disability could move that date up by five or ten years.

  Click Here if you Like this Comment

    5 persons like this.


   

 

R-G1
  


 
Reply 3 - Posted by: Cat Ballou, 7/28/2014 12:26:42 PM     (No. 9943190)

The Death Panels will take care of that little problem.

  Click Here if you Like this Comment

    6 persons like this.


Reply 4 - Posted by: ColonialAmerican1623, 7/29/2014 1:10:23 AM     (No. 9944028)

The last paragraph defines the article.
Cut spending on health care. Many Medicare Advantage Plans are dropping doctors and cancer centers so that seniors will change to more expesive plans.

We have had a shortage of nursing homes and adult living facilities for years. With aging baby boomers, plus inherited senior immigrants, who has plans to deal with the shortage ?

There won´t be enough senior low income apartments either. Many of those have been allocated to immigrants.

  Click Here if you Like this Comment

    6 persons like this.



Post Reply   Close thread 794495




Below, you will find ...

Most Recent Articles posted by "EagleBlurst"

and

Most Active Articles (last 48 hours)




Most Recent Articles posted by "EagleBlurst"



Peanut Butter’s Many Inventors
American Magazine, by Edward Tenner    Original Article
Posted By: EagleBlurst- 8/22/2014 11:24:49 AM     Post Reply
How have so many people come to love peanut butter? Experts aren’t sure how long it takes to develop the taste, but to many people it’s a formative childhood memory. One notable fan, William F. Buckley Jr., called it “absolutely congenital.” Like many other prepared foods, though, peanut butter is not a traditional homemade product that was merely industrialized in the 19th century, like jelly or bread. Instead it developed decade by decade, shaped by innovations in chemistry, marketing, distribution, and even packaging. And its popularity shows both the power and limits of intellectual property. Some design historians have credited the

Flash Point: New Oil-by-Rail Rules
American Magazine, by Kenneth P. Green    Original Article
Posted By: EagleBlurst- 8/20/2014 10:18:31 AM     Post Reply
On July 6, 2013, a train carrying crude oil from the Bakken formation in North Dakota exploded in the middle of Lac-Mégantic, a small town in the Canadian province of Quebec. The incident was genuinely catastrophic, killing 47 people, and destroying half the town center. The derailment and explosion was the fourth-deadliest rail accident in Canadian history. Naturally, the Lac-Mégantic disaster set off a firestorm of protest, aimed at railroads, government, and the oil boom that is revolutionizing oil markets in the United States – the tremendous gusher coming from the Bakken formation, a gas-and-oil bearing shale formation that stretches

   

 

R-VAR_AD
  


 
‘The American Banking System Might
Not Last Until Monday’
American Magazine, by Alex J. Pollock    Original Article
Posted By: EagleBlurst- 8/18/2014 9:14:16 AM     Post Reply
How good is the human group mind at financial memory? Pretty bad. For example, consider this really striking bit of history: “The then Federal Reserve Chairman made a phone call to the Bank of Japan Governor on that critical Friday night (Saturday in Japan) in August of that year.” The chairman’s “first words were that the American banking system might not last until Monday. The crisis was that serious.” Financial history quiz: Which year was that? What was the crisis? Who was the Federal Reserve chairman making such an extreme statement? Hint: our most recent financial crisis, which started in

100 Years of the Panama Canal
American Magazine, by John Steele Gordon    Original Article
Posted By: EagleBlurst- 8/15/2014 10:52:37 AM     Post Reply
On August 15, 1914, the world was fixated on the dramatic first month of World War I, as the German army raced towards Paris and the fate of Europe hung in the balance. But on that day, half a world away, a ship named the SS Ancon became the first vessel to officially transit the Panama Canal — and the canal was opened for business. It had been 401 years since Balboa had first crossed the Isthmus in 1513 and “stared at the Pacific ... Silent, upon a peak in Darien.” For most of that time, a water route across Panama

A Flawed E-Cigarette Regulation
American Magazine, by Sally Satel and Alan D. Viard    Original Article
Posted By: EagleBlurst- 8/13/2014 9:22:08 AM     Post Reply
Recently, the New York Times ran several high-profile essays justifying the liberalization of marijuana laws. Editorialists addressed the health effects, the need for product standards, and the importance of banning sales to minors. Another major recommendation was to keep marijuana production and marketing from becoming corporatized as "Big Pot." Agree or disagree with marijuana legalization, it’s refreshing to see sober efforts to balance freedom to use marijuana, an intoxicant, against the harms that can result from expanded legal access to it. We only wish that such consideration was being extended to electronic cigarettes: a nicotine delivery device that has the

Good News for U.S. Capital Markets
American Magazine, by Peter J. Wallison    Original Article
Posted By: EagleBlurst- 8/8/2014 11:43:13 AM     Post Reply
After its last meeting at the end of July, the Financial Stability Oversight Council (FSOC) announced that it has “directed staff to undertake a more focused analysis of industry-wide products and activities” in the asset management industry. This has been interpreted as a step back from the FSOC´s earlier position that the financial distress of large asset managers — or at least the funds they manage — could have systemic effects on the U.S. financial system and thus warrant designation as systemically important financial institutions, or SIFIs. The Wall Street Journal reported that the FSOC had “agreed to revamp their

In Defense of Price Gouging
and Profiteering
American Magazine, by Benjamin Zycher    Original Article
Posted By: EagleBlurst- 8/8/2014 9:22:23 AM     Post Reply
Minor news stories with only a local direct interest nonetheless can carry large general implications, and just such a recent item emerged last weekend: Residents of Toledo, Ohio were warned not to use city water supplies due to algae growth in Lake Erie. (After a few days, the water was declared safe to drink.) For those few days, unsurprisingly, the demand and market prices for bottled water increased sharply, and few politicians can resist such opportunities for demagoguery: “Ohio Attorney General Mike DeWine is dispatching employees to the city to investigate complaints of price-gouging on bottled water.” “Price gouging” is

   

 

B-G1


 
A bipartisan consensus
on how to fight poverty?
American Magazine, by Arnold Kling    Original Article
Posted By: EagleBlurst- 8/6/2014 10:38:15 AM     Post Reply
Two recent comprehensive policy proposals for reforming the government´s approach to fighting poverty — one from a center-left think tank, the other from Republican Congressman Paul Ryan — seem to share some core ideas. Does this represent an opening for some rare bipartisanship? In June, the Hamilton Project released a free e-book, Policies to Address Poverty in America, edited by Melissa S. Kearney and Benjamin H. Harris. In July, Ryan´s House Budget Committee put out a “discussion draft,” Expanding Opportunity in America. Each represents a serious, broad attempt to improve anti-poverty policy. Ryan´s approach centers on consolidating many existing programs

The Long-Hours Luxury
American Magazine, by Tino Sanandaji    Original Article
Posted By: EagleBlurst- 8/4/2014 2:27:50 PM     Post Reply
The United States and most other industrialized countries have experienced a rapid increase in inequality since around the 1970s. Unsurprisingly, the discussion of inequality has become politicized. Some deny the increase in inequality entirely, in spite of overwhelming evidence. Others exaggerate the magnitude of inequality, for example by claiming that all income gains have gone to the rich. The estimates of income distribution by the Congressional Budget Office avoids several common methodological problems. The CBO adjusts for declining household size and uses a broader definition of income that includes pension and health care contributions by employers. Between 1979 and 2010

It´s Time for Real Reform of
Veterans´ Health
American Magazine, by Joseph Antos    Original Article
Posted By: EagleBlurst- 7/31/2014 1:32:06 PM     Post Reply
Congress is expected to adopt a bipartisan deal to improve veterans´ health care before it adjourns for a five-week summer recess. Representative Jeff Miller (R-Florida) and Senator Bernie Sanders (I-Vermont), chairmen of the House and Senate Veterans Affairs committees, announced a $17 billion initiative that would help reduce the backlog of veterans who have had to endure long waits before receiving the care they need. The legislation addresses the immediate crisis, but it will not cure a system plagued by inefficiency, ineptitude, and worse. The Veterans Health Administration, part of the Department of Veterans Affairs (VA), made headlines

Big Data: Here to Stay, but
with Caveats
American Magazine, by Edward Tenner    Original Article
Posted By: EagleBlurst- 7/30/2014 11:09:34 AM     Post Reply
At first glance it’s strange that the idea of big data — often imagined simply as the use of software to explore and analyze unprecedented amounts of information — should be controversial at all. Haven’t we depended on it for years in our everyday lives? Haven’t credit card companies mined their vast records to prevent fraud by identifying suspicious purchase patterns? Don’t politicians of both parties analyze voting records down to the precinct level to identify opportunities for tipping elections? And don’t nearly all of us rely on Google and other search engines to exploit complex algorithms that identify the

Are Rising Health Care Costs
Creating a Retirement Crisis?
American Magazine, by Andrew G. Biggs    Original Article
Posted By: EagleBlurst- 7/28/2014 9:39:08 AM     Post Reply
It’s almost taken for granted that Americans are dramatically undersaving for retirement. Some headline-generating studies claim that half of Americans will fall short of what they need; others say it’s two-thirds or more. And, these studies claim, it gets even worse when we take rising health costs for retirees into account. Facing a seeming retirement crisis, progressives propose expensive expansions of Social Security, despite the program’s multi-trillion-dollar unfunded liabilities. In reality, though, the retirement crisis is overblown. And the claim that health costs mean we need to save dramatically more for retirement shows a misunderstanding of

   

 

R_DBL_B
  


 


Most Active Articles (last 48 hours)



Urgent: The Leader of ISIL ´Abu
Bakr al-Baghdadi´ Killed! / Photo

41 replie(s)
AhlulBayt News Agency [UK], by Staff    Original Article
Posted By: earlybird- 9/7/2014 7:08:50 AM     Post Reply
Iraqi forces reported that the head of the Islamic State of Iraq and the Levant (ISIL) ´Abu Bakr al-Baghdadi´ was killed in U.S airstrikes. "Despite that Iraqi and U.S sources confirmed the killing of Abu Bajr al-Baghdadi, but the White House did not confirmed it yet", AFP reported. Three senior members of the Islamic State of Iraq and al-Sham (ISIS) - including an aide to its leader - were killed in a U.S. airstrike in Iraq, a senior Iraqi security official told NBC News Thursday. The strike on the ISIS stronghold of Mosul killed Abu Hajar Al-Sufi, an aide to Abu Bakr

Psaki Makes Me Psick
39 replie(s)
Power Line, by Scott Johnson    Original Article
Posted By: StormCnter- 9/8/2014 5:36:26 AM     Post Reply
State Department spokesman Jen Psaki makes me psick. If you read P.G. Wodehouse, you know the “P” in her name is silent, as in “phthisis,” “psychic” and “ptarmigan” (as Wodehouse’s Psmith explains). And Psaki’s colleague Marie Harf makes me barf. Together Psaki and Harf give the catastrophic foreign policy of the Obama administration a lighter than air, Valley Girl kind of feel. It’s a novel use of expressive form. Paul Mirengoff explores their weightlessness in the adjacent post. As Paul recounts, Harf came to the defense of Psaki when Bill O’Reilly had the temerity to utter pslightly pscathing words about Psaki

´Part of this job is also the theater
of it... it doesn´t come naturally to
me´: Obama admits playing a round
of golf right after address on ISIS*

37 replie(s)
Daily Mail [UK], by Staff    Original Article
Posted By: Attercliffe- 9/7/2014 3:00:06 PM     Post Reply
US President Barack Obama admitted he should have expected to be criticized for hitting the links on the same day that he addressed the beheading of American journalist James Foley and spoke with his family. ´Part of this job is also the theater of it,´ he told NBC News´ Chuck Todd. ´Well, it´s not something that always comes naturally to me. But it matters. And I´m mindful of that.´ He added: ´I should have anticipated the optics´ of playing golf. Obama, who was on vacation at the time of Foley´s murder, was heavily criticized for heading to the golf course

Jaw Dropping Lies and Propaganda
Within President Obama’s Meet The
Press Interview…

34 replie(s)
Conservative Treehouse, by Sundance    Original Article
Posted By: SoCalGal- 9/7/2014 6:51:03 PM     Post Reply
There are moments in edited TV content when a keyed-in viewer can see a cut intended to make a “comfort edit”, smoothing out the narrative. The Chuck Todd interview with President Obama was riddled with them. Even when being interviewed by a fellow ideological traveler. (Video)But first to content: On ISIS: @00:24 “this administration has” – President Obama using third person distancing tactic discussing an uncomfortable negative. When the topic is positive, or viewed as favorable currency, the term “my administration” is used. @01:05 “what I have done over the past several months” – President Obama knowing he was caught flat-footed, having called

Obama shelves immigration action;
Hispanic activists enraged

33 replie(s)
Washington Times, by Stephen Dinan    Original Article
Posted By: Dreadnought- 9/6/2014 11:04:58 PM     Post Reply
Immigrant-rights groups reacted furiously Saturday after the White House made clear President Obama will not take unilateral action on immigration before November’s elections, nodding at the political realities of the issue as he punted on the key policy questions. With a number of key Senate races in GOP-leaning states, Democrats had feared that action now would anger voters and cost them control of the upper chamber, and had privately begged the White House to hold off on any move to halt deportations. But immigration activists said it’s the latest in a series of moves by Mr. Obama to shove their

   

 



 
‘Be on guard’:
Demand truth about Benghazi

32 replie(s)
Daily Inter Lake [Kalispell MT], by Frank Miele    Original Article
Posted By: davesenior- 9/7/2014 3:33:38 AM     Post Reply
Are you tired of being lied to yet? My guess is no... because Americans seem to have developed an infinite capacity for patience with a federal government that is increasingly mettlesome, mendacious and menacing.[SNIP] This last Friday night, an interview was aired which should convince American citizens once and for all that their government is not telling the truth about what happened in Libya two years ago. That’s been obvious to many of us for months, but despite the naming of a select committee by the U.S. House of Representatives to investigate what could have happened, what should have happened,

Greta Van Susteren: White House
Pressured Me to Get FOX Reporter
to Drop Benghazi Investigation (Video)

31 replie(s)
Gateway Pundit, by Jim Hoft    Original Article
Posted By: JoniTx- 9/6/2014 9:55:32 PM     Post Reply
Greta Van Susteren admitted Friday “Off the Record” that she was called by the Obama White House and told to push FOX reporter Jennifer Griffin to drop her Benghazi investigation. “Since day one of Benghazi FOX News has been aggressively investigating. It hasn’t been easy. It’s been more like pulling teeth to get answers from the Obama administration. The Obama administration’s behavior post Benghazi has been weird. Like they’re trying to hide something. First that silly story about that video. Remember Susan Rice on all the Sunday talk shows? Even President Obama kept talking about the video for weeks. So

Predicting the President’s Big Speech
30 replie(s)
PJ Media, by Richard Fernandez    Original Article
Posted By: Hazymac- 9/7/2014 10:21:39 PM     Post Reply
In a few days president Obama will unveil his strategy to destroy ISIS to a waiting public. (Snip) However the basic outlines of the strategy itself have emerged from information already available to the press. A Los Angeles Times story suggests that Obama will rely on proxies to fight ISIS at three levels: on the ground, within the region and in the West. Kerry invokes comparisons to the Sunni Awakening, seeking to recall the days when al-Qaeda in Iraq was beaten by George Bush. Obama plans to organize the Sunni Arabs to fight ISIS.

Local Native Americans to protest
in Houston over Washington
Redskins´ name

29 replie(s)
Houston Chronicle, by Anita Hassan    Original Article
Posted By: JoniTx- 9/7/2014 12:22:42 PM     Post Reply
A group local Native Americans plan to protest outside NRG Stadium Sunday morning, speaking out against the mascot name of the NFL´s Washington franchise. As the Texans face off against the Washington Redskins on the field, members of the American Indian Alliance of Greater Houston plan to voice their opposition to the NFL team´s name, a long-time national controversy with many Native American groups, fans and public officials demanding the mascot be changed. "It´s a very derogatory term," said Chance Landry, director and owner of the Southern Apache Museum in Houston, who will be attending the protest. "We don´t want our

Atlanta Hawks Owner to Sell Team
After Self-Reporting "Offensive" Email
Suggesting Whites Scared of Black Fans

28 replie(s)
Breitbart Sports, by Staff    Original Article
Posted By: SpeedMaster- 9/7/2014 1:46:51 PM     Post Reply
Call it the Donald Sterling effect. On Sunday, Atlanta Hawks Controlling Owner Bruce Levenson announced that he will sell his interest in the team after self-reporting an "offensive" email from 2012 in which he said that white fans may be scared of black fans. "I trivialized our fans by making clichéd assumptions about their interests (i.e. hip hop vs. country, white vs. black cheerleaders, etc.) and by stereotyping their perceptions of one another (i.e. that white fans might be afraid of our black fans). By focusing on race, I also sent the unintentional and hurtful message that our white fans

America’s highest-paid female
CEO was born a man

27 replie(s)
New York Post, by Rebecca Harshbarger    Original Article
Posted By: mitzi- 9/8/2014 9:50:36 AM     Post Reply
Martine Rothblatt, 59 — who founded the $5 billion pharmaceutical firm United Therapeutics and also co-founded Sirius — had sex reassignment surgery in 1994. “I can’t claim that what I have achieved is equivalent to what a woman has achieved. For the first half of my life, I was male,” Rothblatt, who has four kids and is still married to her wife of more than 30 years, told New York Magazine. Rothblatt made $38 million last year as head of United Therapeutics, which she launched to create medicine for her daughter, who suffers from primary pulmonary hypertension. In addition to

Sessions: ´Obama Has Openly Reaffirmed
His Unconstitutional Plan to Nullify
Our Nation’s Sovereign Laws´

26 replie(s)
Weekly Standard, by Daniel Halper    Original Article
Posted By: LittleHoodedMonk- 9/6/2014 6:17:54 PM     Post Reply
Senator Jeff Sessions issues this statement in response to President Obama´s decision to wait until after the mid-term election to take action on immigration by executive order. "President Obama has openly reaffirmed his unconstitutional plan to nullify our nation’s sovereign laws, issuing executive amnesty and work permits to millions of illegal immigrants. In so doing, he will wipe away American workers’ lawful immigration protections. Illegal workers will be instantly allowed to take precious jobs directly from struggling Americans in every occupation in America. Countless more unlawful workers will pour across the border and

   

Post Reply   Close thread 794495





Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google



© 2014 Lucianne.com Media Inc.

FS