Obama’s Social Security Cuts Are Our Wake-Up Call

[xchrom]

http://www.commondreams.org/view/2013/04/08



No jobs. No growth. Falling income. Unaffordable colleges. A dying middle class. Young people without hope. The greatest economic inequality in modern history.

And yet, in the midst of the Long Depression, we’re told that the President intends to cuts Social Security.

***SNIP


How big is the President’s chained-CPI cut? For someone who retires at 65, it would be:

a 3.7 percent cut at age 75;
a 6.5 percent cut at age 85;
and a 9.2 percent cut at 95.

[aristocles]

1. Some perspective on the aging population

http://www.census.gov/population/socdemo/statbriefs/agebrief.html

http://www.safeseniors.org/aging_population.htm:

In May of 2011, the first of these baby boomers will begin turning 65. Between the year 2020 and 2030, the number of baby boomers will more than double. The result will be that one in five Americans will be over 65 by that time.

It is also projected that the United States may be home to as many as 2.5 millon people over 100 years of age by the year 2060. Right now there are an estimated 76,000 such centenarians.

[xchrom]

2. my mom is a healthy, vigorous 103. nt