Posted by strikeout26 on 3/8/2019 9:05:00 AM (view original):
Topic of the day: The economy. Where is it heading and why?

I think we will have a recession in 2021. Not having close to a balanced budget in the current economy is ridiculous.

Posted by strikeout26 on 3/8/2019 9:05:00 AM (view original):
Topic of the day: The economy. Where is it heading and why?

Looks like it’s headed for a dip. Big market real estate has slowed down significantly, wages aren’t moving despite low unemployment, the tax cuts boosted big business temporarily but that growth has disappeared.

Deficit is exploding under the current POTUS. (Both of them actually)
Economic growth is slowing. THAT will continue.
Republicans will continue to bury their heads rather than admit failed economic policies.
The Country will be extremely fortunate IF we escape a severe recession.
All this will cause another huge increase in the Nat'l Debt............. ultimately jeopardizing the public's belief in our entire system of Gov't........ ultimately leading to the collapse of the Republican party and a huge hiccup in our society that I fear to actually predict.

Who in the hell thinks ANYBODY should retire LATER. 73??? They should lower it to 60 if they do ANYTHING. This country is headed ***-backwards into a MASSIVE recession and civil unrest and if anyone can't see it they're simply in ignorant denial. When the presidouche loses the office by impeachment OR the 2020 election his 35% base is going to flip out so much it will become something resembling a civil war. I can't believe that rational people still support a criminal liar and just don't even CARE what he does. It's mind-bending how this minority of hate and fear mongers cling to him like burrs in a field on a flannel shirt. dummy is a perfect example of Dunning-Kruger, which the dark lord's base seems to be infected with like measles on non-vaxxed children. How did so many people get so terrified of anything different or progressive in SOCIETY? I'm glad I'll probably check out sometime in the next 25 years and miss the oncoming shitstorm. If you have children you should be TERRIFIED of what ONE MAN has done to our country, because this divide HE ALONE has created grows miles larger by the day. Your children and grandchildren will be left to build a bridge the size of which humanity simply cannot comprehend.

What I posted was opinion but statistically we are living longer and at this rate Medicare will be out of money by 2026 and SSI by 2031. We need to address it now rather than kicking the can down the street. I offered my solutions and all I heard from the Leftists, who are a retired old man and a mediocre insurance salesman is that they are dumb. I ll stick with my education in business and finance and know how and say I am 100% correct.

Posted by ncmusician_7 on 3/8/2019 10:21:00 AM (view original):

Posted by strikeout26 on 3/8/2019 9:05:00 AM (view original):
Topic of the day: The economy. Where is it heading and why?

I think we will have a recession in 2021. Not having close to a balanced budget in the current economy is ridiculous.

What event or events cause the recession in your opinion?

And wages are up

https://www.google.com/amp/s/www.vox.com/platform/amp/2019/3/8/18255983/february-jobs-report-job-growth-wage-growth

Posted by cccp1014 on 3/8/2019 12:35:00 PM (view original):
What I posted was opinion but statistically we are living longer and at this rate Medicare will be out of money by 2026 and SSI by 2031. We need to address it now rather than kicking the can down the street. I offered my solutions and all I heard from the Leftists, who are a retired old man and a mediocre insurance salesman is that they are dumb. I ll stick with my education in business and finance and know how and say I am 100% correct.

It's not a fact that Medicare will be bankrupt. Per 2018 Medicare trustees report, "the 2026 date does not apply to Medicare coverage for physician and outpatient costs or to the Medicare prescription drug benefit, these parts of Medicare do not face insolvency."

The 2026 date is just the date that the Medicare program will not be 100% funded per current tax law. It will be 91% funded at that point.

Posted by cccp1014 on 3/8/2019 12:35:00 PM (view original):
And wages are up

https://www.google.com/amp/s/www.vox.com/platform/amp/2019/3/8/18255983/february-jobs-report-job-growth-wage-growth

From your link:

"In the past 12 months, average pay has increased only 3.4 percent, and that doesn’t even take inflation and cost of living increases into account."

"Slow income growth has been the most persistent problem affecting the US economy in its recovery from the Great Recession. Wages have barely kept up with the cost of living, even as the unemployment rate dropped and the economy expanded."

Posted by cccp1014 on 3/8/2019 12:35:00 PM (view original):
What I posted was opinion but statistically we are living longer and at this rate Medicare will be out of money by 2026 and SSI by 2031. We need to address it now rather than kicking the can down the street. I offered my solutions and all I heard from the Leftists, who are a retired old man and a mediocre insurance salesman is that they are dumb. I ll stick with my education in business and finance and know how and say I am 100% correct.

of course you do. Don't you always?
People can retire whenever the hell they want. If you think you have enough money to cover you in retirement at 50, retire then. If you don't have enough money or like working, do so until you can't.

Posted by rsp777 on 3/8/2019 11:47:00 AM (view original):
Who in the hell thinks ANYBODY should retire LATER. 73??? They should lower it to 60 if they do ANYTHING. This country is headed ***-backwards into a MASSIVE recession and civil unrest and if anyone can't see it they're simply in ignorant denial. When the presidouche loses the office by impeachment OR the 2020 election his 35% base is going to flip out so much it will become something resembling a civil war. I can't believe that rational people still support a criminal liar and just don't even CARE what he does. It's mind-bending how this minority of hate and fear mongers cling to him like burrs in a field on a flannel shirt. dummy is a perfect example of Dunning-Kruger, which the dark lord's base seems to be infected with like measles on non-vaxxed children. How did so many people get so terrified of anything different or progressive in SOCIETY? I'm glad I'll probably check out sometime in the next 25 years and miss the oncoming shitstorm. If you have children you should be TERRIFIED of what ONE MAN has done to our country, because this divide HE ALONE has created grows miles larger by the day. Your children and grandchildren will be left to build a bridge the size of which humanity simply cannot comprehend.

I don't see the link between virtually anything in this rant and retirement age...

Since the Federal retirement age was established in 1937 it has advanced from 65 to 67, two years. Over that same time, life expectancy in the US has increased from about 61 years to about 79 years.

Of course, that's terribly misleading. Since retirement age is ~65, we can find data for life expectancy at age 65. In 1937 it was between 12 and 13 years. Right now it's about 19 years.

Both of these data points are important. More workers are surviving to retirement age, so total life expectancy matters. But life expectancy from retirement age likely is closer to the true representation of the change, since the largest chunk in the pre-65 improvement in death rate consisted of people who died before entering the workforce. So say we push it 6 or 7 years. That would put people in SS for about the same amount of time as they would have expected to withdraw benefits when the program was established.

I'm not necessarily advocating pushing the age. But I can see a case for it. Whereas I certainly don't see a case against it in your meandering post.

If anything, I see us lowering the medicare eligibility age in the near future. Raising it, regardless of life expectancy, is a political no-go.

The Medicare age has already been disentangled from Social Security eligibility. Morbidity numbers for people over 65 are slightly increased from 1937, so if you do anything to the Medicare age it would likely be to lower it. That's not the same discussion.

Posted by cccp1014 on 3/8/2019 10:00:00 AM (view original):

Posted by strikeout26 on 3/8/2019 9:05:00 AM (view original):
Topic of the day: The economy. Where is it heading and why?

We need a federal sales tax. I recommend 2% on everything until debt dips below $10Trn. Raise the retirement age to 73. Try to do a better job with fraud. Better border security and enforcement of green card overstays and we should be OK. Low unemployment, high level of innovation, wage growth is all great.

tax wealth not spending

Posted by cccp1014 on 3/8/2019 12:35:00 PM (view original):
What I posted was opinion but statistically we are living longer and at this rate Medicare will be out of money by 2026 and SSI by 2031. We need to address it now rather than kicking the can down the street. I offered my solutions and all I heard from the Leftists, who are a retired old man and a mediocre insurance salesman is that they are dumb. I ll stick with my education in business and finance and know how and say I am 100% correct.

are we living longer?

i thought we topped out and rolled over

if we didn't top out and roll over i will quit asking for better outcomes