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Oh, "Blame the President" thingy that you (and others like you) can't live without!
Was it or was it not Obama who threatened to not send America's senior citizens their SS checks, but never mentioned withholding welfare checks, food stamps, and other dependent class freebie entitlements?
Was it or was it not Obama who threatened to not send America's senior citizens their SS checks, but never mentioned withholding welfare checks, food stamps, and other dependent class freebie entitlements?
if it's what i watched about 20 minutes ago..
then the president was asked a question about social security, and he answered the question. He didn't threaten.
Was it or was it not Obama who threatened to not send America's senior citizens their SS checks, but never mentioned withholding welfare checks, food stamps, and other dependent class freebie entitlements?
He was asked about SS, he provided his response about SS. It is something, I wish, participants at C-D would do... stick to what is being discussed than go trolling.
Well first of all the notion that "95% of Americans are getting poorer every year" implies that 95% of American's net worth is decreasing every year. This is simply ridiculous.
is it? if i remember correctly we were borrowing more than we were saving for quite some time.
i'm not saying the claim is true, but it is certainly a realistic possibility.
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Most people's retirement accounts increase from their 20's to retirement. So their net worths should be increasing.
a large number of americans don't have retirement accounts.
i don't have the interest in this topic to dig into the data, but one source I see points out the problem in a way any educated person can understand: the average 401k value is about $50,000, but the median 401k value is about $2,000.
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Also their savings should also be increasing as they get older. Thus their net worth should be increasing.
Not when they borrow more than they save.
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Also, the more home payments they make increases the equity in their home which also increases their net worth.
Well first of all the notion that "95% of Americans are getting poorer every year" implies that 95% of American's net worth is decreasing every year. This is simply ridiculous.
Most people's retirement accounts increase from their 20's to retirement. So their net worths should be increasing.
Also their savings should also be increasing as they get older. Thus their net worth should be increasing.
Also, the more home payments they make increases the equity in their home which also increases their net worth.
I'd wager it is impossible for 95% of American's net worths to be decreasing consistently every year from 1980 to today.
Income and net worth are very different. Net worth implies wealth, income does not imply wealth.
The OP probably should have phrased it "95% of American's incomes are remaining constant, while the wealthiest incomes are increasing"
Correct.
And I believe even your last statement is a huge stretch. It really depends on what time period is being measured.
He was asked about SS, he provided his response about SS.
Only because Obama's Treasury has already floated the option of not sending out the SS checks.
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If Treasury were to decide to delay some payments, one option could be to postpone a disbursement of more than $49 billion to Social Security recipients that is due on August 3.
It's not a threat; it's a mathematical fact because without raising the debt limit (which is a routine government function since the time of Reagan) the money isn't there. Or would you prefer they not pay the military and not feed the troops or give them ammo?
I'd prefer we cut 75% of our military and withdraw from Afghanistan and Iraq and Korea and Germany and Japan... list goes on and on
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