Next in Line for a Bailout: Social Security

[Coronita]

[quote=Nor-LA-SD-guy]hmm

I don’t know FLU, suppose you are right but I have been hearing that the only country who is going to be in worse shape than the EU (as far as aging population) is Japan followed closely by China.

But you are usually right so I will take your word for it.[/quote]

LOL….You are kidding right? What the hell do I know….

I don’t have a prediction for China. On one hand the country is considered “rich”. On the other hand, they are virtually dependent on american consumers. When we can’t afford to buy crap anymore, the musical chairs stop. Culturally, Chinese view money differently than I would say here. Typically, at least in the previous generations, you don’t buy things on “credit”. So it will take probably generation 2 or 3 to start adopting consumerism. .The other thing, the majority of folks are still dirt poor there. How long would it take for consumerism from china to even come close to U.S…Probably never….So…where are folks going to find all the spenders….Maybe we’ll have discovered an alien race in another planet by then 🙂

[Arraya]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The GCP dot is red. http://gcpdot.com/ Which could mean we may have moment of quantum awakening. A nanosecond will be stretched into infinity and become non-time as our minds connect like fragments of a hologram. How that translates to employment or the Dow, I’m not sure.

[Arraya]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The GCP dot is red. http://gcpdot.com/ Which could mean we may have moment of quantum awakening. A nanosecond will be stretched into infinity and become non-time as our minds connect like fragments of a hologram. How that translates to employment or the Dow, I’m not sure.

[Arraya]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The GCP dot is red. http://gcpdot.com/ Which could mean we may have moment of quantum awakening. A nanosecond will be stretched into infinity and become non-time as our minds connect like fragments of a hologram. How that translates to employment or the Dow, I’m not sure.

[Arraya]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The GCP dot is red. http://gcpdot.com/ Which could mean we may have moment of quantum awakening. A nanosecond will be stretched into infinity and become non-time as our minds connect like fragments of a hologram. How that translates to employment or the Dow, I’m not sure.

[Arraya]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The GCP dot is red. http://gcpdot.com/ Which could mean we may have moment of quantum awakening. A nanosecond will be stretched into infinity and become non-time as our minds connect like fragments of a hologram. How that translates to employment or the Dow, I’m not sure.

[Coronita]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The SS in the red has been predicted I think for some time. I don’t think it is a surprise. Medicare however I believe is already in the red..The question is which has the faster run rate.

Some predicting Medicare will run out as early as 2017, while Social Security in 2040.

The issue with Medicare, is skyrocketing medical costs…Add that with an massively aging population that will be seeking care and most likely no medical reform will come out of Congress…Well, you can predict what this will do… A 2 night trip to the ER for a parent for some internal bleeding that fortunately didn’t result in anything…cost about $25,000, paid by medicare (the other part covered by co-insurance)…Just add the baby boomer population to this equation now who will be doing the same…If the government is to bailout something, it would be Medicare versus SS.

[Coronita]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The SS in the red has been predicted I think for some time. I don’t think it is a surprise. Medicare however I believe is already in the red..The question is which has the faster run rate.

Some predicting Medicare will run out as early as 2017, while Social Security in 2040.

The issue with Medicare, is skyrocketing medical costs…Add that with an massively aging population that will be seeking care and most likely no medical reform will come out of Congress…Well, you can predict what this will do… A 2 night trip to the ER for a parent for some internal bleeding that fortunately didn’t result in anything…cost about $25,000, paid by medicare (the other part covered by co-insurance)…Just add the baby boomer population to this equation now who will be doing the same…If the government is to bailout something, it would be Medicare versus SS.

[Coronita]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The SS in the red has been predicted I think for some time. I don’t think it is a surprise. Medicare however I believe is already in the red..The question is which has the faster run rate.

Some predicting Medicare will run out as early as 2017, while Social Security in 2040.

The issue with Medicare, is skyrocketing medical costs…Add that with an massively aging population that will be seeking care and most likely no medical reform will come out of Congress…Well, you can predict what this will do… A 2 night trip to the ER for a parent for some internal bleeding that fortunately didn’t result in anything…cost about $25,000, paid by medicare (the other part covered by co-insurance)…Just add the baby boomer population to this equation now who will be doing the same…If the government is to bailout something, it would be Medicare versus SS.

[Coronita]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The SS in the red has been predicted I think for some time. I don’t think it is a surprise. Medicare however I believe is already in the red..The question is which has the faster run rate.

Some predicting Medicare will run out as early as 2017, while Social Security in 2040.

The issue with Medicare, is skyrocketing medical costs…Add that with an massively aging population that will be seeking care and most likely no medical reform will come out of Congress…Well, you can predict what this will do… A 2 night trip to the ER for a parent for some internal bleeding that fortunately didn’t result in anything…cost about $25,000, paid by medicare (the other part covered by co-insurance)…Just add the baby boomer population to this equation now who will be doing the same…If the government is to bailout something, it would be Medicare versus SS.

[Coronita]

[quote=Aecetia]I heard it too a couple of days ago about SS being cash negative. This sounds like the perfect storm hitting at the end of the year. What do you Arraya, Flu, Econ prof and to Party Pup in the blind, I heard the Euro is getting ready to fold. What say you? Interesting times.[/quote]

The SS in the red has been predicted I think for some time. I don’t think it is a surprise. Medicare however I believe is already in the red..The question is which has the faster run rate.

Some predicting Medicare will run out as early as 2017, while Social Security in 2040.

The issue with Medicare, is skyrocketing medical costs…Add that with an massively aging population that will be seeking care and most likely no medical reform will come out of Congress…Well, you can predict what this will do… A 2 night trip to the ER for a parent for some internal bleeding that fortunately didn’t result in anything…cost about $25,000, paid by medicare (the other part covered by co-insurance)…Just add the baby boomer population to this equation now who will be doing the same…If the government is to bailout something, it would be Medicare versus SS.

[afx114]

[quote=flu]Having fewer people paid higher wage, and having those people pay say 40%+ taxes…or… (current predicament) or….

Having more people (which will lower wages), but taxing them lower…

I don’t see the point in keeping a higher salary if the government is going to be taxing it up the ying-yang…[/quote]

A little perspective:

[afx114]

[quote=flu]Having fewer people paid higher wage, and having those people pay say 40%+ taxes…or… (current predicament) or….

Having more people (which will lower wages), but taxing them lower…

I don’t see the point in keeping a higher salary if the government is going to be taxing it up the ying-yang…[/quote]

A little perspective:

[afx114]

[quote=flu]Having fewer people paid higher wage, and having those people pay say 40%+ taxes…or… (current predicament) or….

Having more people (which will lower wages), but taxing them lower…

I don’t see the point in keeping a higher salary if the government is going to be taxing it up the ying-yang…[/quote]

A little perspective:

[afx114]

[quote=flu]Having fewer people paid higher wage, and having those people pay say 40%+ taxes…or… (current predicament) or….

Having more people (which will lower wages), but taxing them lower…

I don’t see the point in keeping a higher salary if the government is going to be taxing it up the ying-yang…[/quote]

A little perspective:

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