King
intermoderate
Atlas Star
Posts: 29,356
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« on: August 03, 2008, 10:09:21 PM » |
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They are pissed because they are dealing with a broken promise by the government.
From the time it was formed until the early 70s, all the current seniors in the country were given guarantees by our leaders (especially the Democrats in campaigns) that Social Security and Medicare would be all they would need once they retired so there were no IRAs or 401ks or any personal responsibility required or recommended when it came to retirement. Unfortunately, the experts who projected that didn't account for heavy amounts of inflation and a slow in population growth that occurred in the decades after it.
The idea of $1000 a month checks and only having to pay for prescription drugs and short hospital visits as enough to retire with just didn't go as far as Lyndon Johnson thought it would.
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