Feeds:
Posts
Comments

Posts Tagged ‘Social Security’

Advertisements

Read Full Post »

MARTIN CRUTSINGER, AP Economics writer says Social Security checks are going up $63 a month for the typical retiree — the largest increase in more than a quarter century but likely to seem puny to the millions who have been watching in horror as Wall Street lays waste to their retirement nest eggs.

 

He goes on to say the Senior Citizens League said (doesn’t he believe them?) it did a study that indicated people 65 and over have lost 51 percent of their buying power since 2000, with the price of home heating oil and gasoline more than doubling since the beginning of the decade and such food staples as eggs and potatoes showing big increases as well.

 

Well, I guess seniors were the only consumers to face these increases for eggs and potatoes, heating oil and gasoline. How does that work? You’re under 65, you get a discount? Oh, I forgot. You get a discount all over the place if you are AARP age. Don’t forget 10% off Mondays at TJ Maxx, Tuesdays at Marshalls (or vice versa).

 

If Crutsinger has really taken the pulse of seniors, what a bunch of whiny, ungrateful, wrinkled old buzzards there are out there. We are talking 5.8% increase. How many younger workers do you know who got that kind of raise this year? (Excluding CEO’s of failed, bankrupt and bankrupting companies)

 

Yes, those felonious Wall Street crooks laid waste to retirement eggs, including ours, but who are we to expect hard working, young wage-earners to make up the difference? Their 401-K’s got battered, too.

 

So if you are a senior, stop your sissy, pathetic whining and enjoy your 5.8% raise by spending it where young workers who are contributing to the Social Security fund every working day will get a little benefit back. Maybe with the new money circulating around next year a few of their tedious, grinding jobs will be saved. It’s the least you can do.

Read Full Post »