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|    DEBATE    |    Enjoy opinions shoved down your throat    |    4,105 messages    |
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|    Message 2,519 of 4,105    |
|    FRANK SCHEIDT to BOB KLAHN    |
|    Follow up to exposing Thomas Sowell's Fr    |
|    29 Nov 12 22:10:08    |
      -> ...       ->        -> FS> Solving both the Medicare and Social Security problems is       -> FS> extremely easy -- if the Congressers would just get down to       -> FS> business. Raise the age of entitlement to *both* problems       -> FS> to 75 years of age. That would make both programs       -> FS> equivalent to the conditions of their origin. After all,       -> FS> people are living far longer these days!       ->        -> Actually... no.       ->        -> Most of the growth in life expectancy is in lowering the death       -> rate for children. The biggest point of gain is in reducing       -> infant mortality. Each baby saved adds 70some years to the       -> average.              I have long realized that. However most people will take the       life-expectancy growth at its face value.              -> However, they are not paying into social security, and not       -> collecting from it.       ->        -> The life expectancy has increased an average of 7 years for       -> retirees, from the founding of the program. And the poorest 20%       -> only gained 2 years.       ->        -> So, increasing the retirement age by 10 years would cut out over       -> half the potential retirees from much benefit at all, and would       -> cut out almost all the poorest 20% completely.              I don't know about that. I have passed the age of ninety and my health is       essentially the same as it was twenty or thirty years ago. Oooooops! I       might be among the unliving by tomorrow. According to a mortality table I       saw, the probability of my dying within the next twelve months is greater       than 14% -- a probability of 0.14+ for the purist ... or whatever ...               -> Now, consider this, people are living longer, but that doesn't       -> mean they are living much healthier. Sure, you have a better       -> chance of surviving cancer and diabetes and other conditions,       -> but that doesn't mean you have more strength and energy than       -> someone your age in good health in 1930. It just means you get       -> to relax longer.              True enuf ...               -> Now, Frank, the biggie... since the only real problem with       -> social security is high unemployment among those who should be       -> paying into it, what are you going to do with all those elderly       -> people who have to work in an economy where there aren't enough       -> jobs for the younger workers?       ->        -> Solve the unemployment problem and you solve the social security       -> problem.              Yes, that's the best way to solve it, but raising the age of eligibility       would also do it, and that's a much simpler step for the Congressers.       --- Platinum Xpress/Win/WINServer v3.0pr5        * Origin: Fidonet Since 1991 And Still Here. Join Us: www.DocsPl (1:123/140)    |
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