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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (103716)10/31/2011 4:41:17 PM
From: Road Walker  Read Replies (3) | Respond to of 149317
 
But life expectancy at birth is a poor metric. Lots of people died young and lowered the average. The number that really counts is life expectancy at age 65 (I suppose 67 because it moving toward that full benefit age). Thats when the cash is rolling out. I was actually surprised the stats I posted showed so much difference, I had heard a lot less of a variance. ( But there is a huge amount of stat BS out there on both sides).

I remember getting my social security card (and first job) at 15. I was very proud, and so were my very Republican parents. People believed in SS very much through most of my life; they thought it was a very good thing that America had eliminated destitution, which had been common, for the elderly. Pride in America.

And yes I paid into SS that summer of 1964 and with every terrible and great job since. I never cared that I was supporting someone else's patents then, or helping to support my patents later. It was something bigger than me and I knew that I would get my share if lucky enough to live that long.

Now it seems the social contract is broken, the good institutions villianized and the bad ones heralded, the "solutions" not even attempting to address the real problems.



To: RetiredNow who wrote (103716)11/1/2011 2:54:13 AM
From: tejek  Read Replies (1) | Respond to of 149317
 
I got my information from somewhere else. From multiple sources, including the CDC, the consensus seems to be that the life expectancy back in the 30s was less than 60 and in the 40s it was around 68. That implies that SS was intended to be a short term 2-3 year benefit, not the decades long benefit that it has become today. Here's what I found:

I think death panels may be the solution.