Is Fear Mongering over an Aging Population Really about SS Privatization?

[mod mom]

Retirees a threat to Ohio?
Institute foresees drain on state budget, shortage of workers
Friday, January 11, 2008 5:50 AM
BY CATHERINE CANDISKY
THE COLUMBUS DISPATCH


As baby boomers reach retirement, they threaten to cripple Ohio's budget by swamping health-care, tax-relief and other programs designed to serve them, warns a state report unveiled yesterday.

Between 2011 and 2020, nearly 500,000 more Ohioans will leave the work force than enter it, according to an analysis by the Ohio Public Expenditure Council.

During the next decade, Buckeye State retirees will outnumber those entering the work force by 750,000.

"That means a great number of folks will be retiring and fewer people will be in line to take their jobs and support them with their tax dollars," said Rick Yocum, president of the independent, nonpartisan research group.

-snip

http://www.dispatch.com/live/content/local_news/stories/2008/01/11/age11.ART_ART_01-11-08_A1_BT91CKU.html?sid=101

A PHOTO SHOWS AN ELDERLY MAN EXAMINING A RV WITH THE NOTATION:
"Ray Wilson, 74, of the North Side, a visitor to the boat and RV show at the Ohio Expo Center, is concerned about the sustainability of Social Security and rising medical costs, but he doesn't accept the Expenditure Council's doomsday scenario."




The author of the story writes that the article is based on a study by a "nonpartisan(??!)" group called Ohio Public Expenditures Council -- http://www.ohiopolicy.org/profile.htm

And just in case you don't click to the link of the "profile" of this group-- here is what it says-- I kid you not:

PROFILE OF THE OHIO PUBLIC EXPENDITURE COUNCIL: The Council was founded in 1941 by community and business leaders including representatives of companies with names (and successor names) like: General Motors, Sherwin-Williams, Belden Brick Company, BP Amoco, Cinergy, CSX, Dayton Power and Light, Eaton Corporation, Marathon Oil Company and Proctor and Gamble. Another founding member was a Columbus businessman named S.P. Bush, the grandfather – and great-grandfather - of men who have become somewhat prominent in national – and international – political circles.

GOT THAT? BUSH'S GREAT GRANDFATHER, A MEMBER OF THE ROBBER BARON CLASS DEAD SET AT KILLING SOCIAL SECURITY!

Thanks to lurker, Sarah B who pointed this out to me!

[The2ndWheel]

1. Either way, aging populations will be an issue

It doesn't matter what ideology you look at it from, physical reality is physical reality. Something will have to give. Fewer benefits, raising the retirement age, more automation, more outsourcing, etc. Unless we have another baby-boom. Or multiple countries begin to integrate into a larger single country. More immigration, which then brings up what happens to the countries that lose their best and brightest to the developed countries. Aging populations will be an issue.

Then if we have more people consuming more, all our efforts in regards to climate change won't make a damn bit of difference. So there's that, too.

[mod mom]

3. of course it will be an issue but this "non profit" behind a suggestion of SS Privatization

are robber barons hell bent on destroying FDR legacy.

[enlightenment]

4. Well, just point me to my ice floe before it melts, then.

Then if we have more people consuming more, all our efforts in regards to climate change won't make a damn bit of difference.

I don't think you meant that to sound quite so harsh, but damn - excuse us for surviving past 40! ;)

[Le Taz Hot]

2. Ya think????

n/t

[UTUSN]

5. A DU post 2 yrs ago had a link to Rethugs' plans: to turn generations against each other,

young against old, plus Dem constituent groups against each other, richer vs poor Dems. It's working.

[autorank]

6. 100% K*R Great post. This is a huge scam, privatizing. It rests on a lie.

The Bush junta and Wall Streeters are peddling the Big Lie that Social Security is inevitably going bust.

It is not!

The Social Security System (SSS) runs at a surplus of $100-$120 billion annually and will continue to do so throughout the twenty-first century! THIS IS WHY THE BUSH JUNTA WANTS TO LOOT SOCIAL SECURITY--IT'S WHERE THE BIG MONEY IS!"

http://www.hermes-press.com/sss1.htm

Dubya has a long history of lying about Social Security. When he ran for Congress in 1978 he lied that unless people were given personal investment accounts Social Security would go broke by 1988!

(See: "Years Invested in Social Security Plan," Los Angeles Times, 1/30/05

The lies told again and again have had an impact - you'll never see social security benefits. That's a lie and the liars know it.

But here's the deal. The stock market needs an infusion of someting. It's performance sucks and the traders are feeling the pinch, the big financial enterprises that go into the market every day and make money off of you. Social Security is the solution. Pump in $700 billion, as bush wants, and you've got a lot more account management feeds - 10-15% per account. Now that's some significant net new revenue; the type that won't trickle down.

It's about honesty and information. We have to fight back against the biggest contnrol mechanism in the history of the world - the U.S. corporate plutocracy and their wholly owned subsidiary, Mainstream Media, Inc.

[SoCalDem]

7. This shit always cracks me UP.. Can no one in public office do 5th grade math?

1943 + 65 years = 2008..

We have NEVER been a "secret".. We PAID GAZILLIONS of dollars into the coffers for FORTY-SEVEN YEARS..

and now, as we start to retire (fall apart), "they" are surprised & shocked because they spent all the money in the piggy bank, and we're too old now to give them MORE??