Tag - retirement

Warren Democrats – Elizabeth Warren on right to retire

Elizabeth Warren, along with a very few others, is reviving the best ideals and policies of the Democratic Party. It’s not the current version of Democrats, just a wing of the Money Party. It’s the real thing. Warren has seen the ugliest features of the financial collapse/corporate enrichment program since 2008. She’s been put down by Obama, Geithner, etc. And, she’s suffered some nasty sexism since she’s a strong woman telling the truth. Here’s one of her many rational programs.

Senator Elizabeth Warren, MA
Elizabeth Warren: It’s the Right of Every American to Retire with Dignity — Why We Must Expand Social Security By Senator Elizabeth Warren, D-MA

December 27, 2013
For a generation now, working families have been squeezed by stagnant wages and rising costs for housing, health care, and college. Even as families have cut back on expenses for things like food, clothing, furniture, and appliances, it hasn’t always been enough; many have been forced to take on more and more debt just to pay for necessities.One major consequence of these increasing pressures on working people is that the dream of a secure retirement is slowly slipping away. Families haven’t been able to save as much as they used to, and only 18 percent of private-sector workers have defined benefit pensions today compared with 35 percent two decades ago. Forty-four million workers have no workplace retirement savings plan.   Read More

The dude on the realities of retirement

Highly instructive reply to Work is the new retirement – Saving Social Security

dude

momdadMy two cents.

Both my father and mother were children of the Great Depression. Like many Boomers, I had parents who tried hard to give me and my brothers all the things they never had while at the same time berating us for not appreciating how lucky we were to live in a time of comparative luxury.

My father was a self-employed professional man who actually began his career during the Depression. My Mom kept the books for his business and raised the kids. She had beautiful handwriting.

When my parents passed away, I was early in my own career and came across the old ledgers of Dad’s small practice. I realized how much both Mom and Dad had struggled to make ends meet for their four kids and themselves. The story in raw dollars and cents was all there in my Mom’s beautiful, happy-looking script. Combined with my memories of working in the business as a child just like my brothers, I understood the things my father had been saying to me when I took my first steps into the world of work.

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Goldman, Other Welfare Queens Tell Us Forget Social Security-Medicare Until 70

Michael Collins

(Washington, DC 1/21)  A long standing  Money Party front, the Business Roundtable, wants you to wait until you’re 70 years old before you get Social Security and Medicare benefits.  This is just a reprise of the November 2012 dictate from the king of corporate cronyism, Goldman Sachs CEO Lloyd Blankfein.  (Image: DonkeyHotey)  (Greenspan statement)

The boss announced, “So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.”  Lloyd Blankfein, CBS News, November 2012

That’s easy for Lloyd to say.  He makes tens of millions of dollars a year without so much as lifting a finger.  You can be sure that Blankfein has a deluxe health insurance and retirement plan. Read More

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