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View Diary: Dick Durbin's new Social Security reform commission (Social Security Defenders blogathon) (205 comments)

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  •  The senior vote (5+ / 0-)
    Recommended by:
    KBO, tardis10, orlbucfan, aliasalias, Just Bob

    A lot of that vote has been lost already, I believe.

    This will hurt current seniors but the people who get hurt the most, imho, are people in their 50s who have had no time to plan for this, have paid into these programs for decades and it's almost like Cyprus, reaching in and taking away things promised and paid for.

    But even more, the younger generations will be screwed.  They get the full effect of the COLA cuts, compounded, the higher retirement ages (assuming they bump them up again) and an even bigger thing is the way the neoliberal policies have made profound changes to our economy and jobs situation.  As we can see from the sudden realizations of the media, retirees won't be able to retire anymore.  They won't clear out of the job market, making more jobs available for the younger people behind them.  This is a paradigm change and it hurts the youth the most, imho.  Yes, they have more time to plan for weaker retirement programs from the govt. but how are they supposed to save when they can't get good jobs, the job market is clogged up with older workers, they are saddled with student loans, and  the financial system for their entire working lives so far has been corrupt and our government has admitted that they basically can't stop them.  For us, at least we had some time during our working careers when you could still save and invest your money.  Now the small investor is just prey.

    "Justice is a commodity"

    by joanneleon on Tue Mar 26, 2013 at 09:23:30 AM PDT

    [ Parent ]

    •  This is just the same old sad (2+ / 0-)
      Recommended by:
      tardis10, joanneleon

      tale that has played out through human history. Its ending is always bad and stained w/the blood of innocents. The one weapon we have is the innertubz. We can connect & inform/educate each other. Didn't have it 13 years ago when Cheney/Bush stole the election.

      Some people make u want to change species! --ulookarmless, quoted w/his permission: RIP good man.

      by orlbucfan on Tue Mar 26, 2013 at 11:26:56 AM PDT

      [ Parent ]

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