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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (111293)3/17/2015 3:30:58 PM
From: Follies  Read Replies (2) | Respond to of 218918
 
So why do the democrats want to cut social security and Medicare?



To: Elroy Jetson who wrote (111293)3/17/2015 6:41:07 PM
From: Follies  Read Replies (2) | Respond to of 218918
 
Just a few posts ago the poster known as Follies demonstrated how stupid and misinformed he is when he claimed that those over the age of 65 are not included in the Civilian Labor Force Participation Rate.
I am not stupid and I have posted coherently however I was misinformed. You are correct that the Participation Rate does include those over 65. I think a more accurate picture of the economy would not include them. It makes no sense to include those receiving social security. And for the record I have never said social security or Medicare should be cut. If anything, I could see linking the retirement age to average life spans.

To Follies, the decline in this rate is not due to elderly people, but it's due to Entitlement Programs which keep lazy people out of the Labor Force - so he wants these Entitlement Programs reformed now!
If you look at the data in your chart you can see that the participation rate for 16 to 55 has dropped in every age group. The participation rate for those over 55 and those over 65 has gone up. Why has the participation rate for those in their prime earning years dropped and seniors risen?

Do you think entitlement programs should be changed? How?

Please stop the ad hominem attacks , I have not attacked you or your character.