Thread: OT GM bailout
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Old November 19th, 2008, 05:00 PM posted to rec.outdoors.fishing.fly
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Default OT GM bailout

On Nov 19, 7:13*am, Ken Fortenberry
wrote:
George Will made a similar comment last Sunday on the ABC Sunday
talking head show. "Why are people retiring before they're eligible
for Medicare anyway ?" is a paraphrase and it was in the context
of the auto industry paying health care costs until age 65 when
Medicare kicks in.

Hardly any of my wife's relatives have college degrees and many
of them went to work at the Chrysler plant in Belvidere straight
out of high school. Working on an auto assembly line is real
work, physical work. Doing it for 40 years, roughly 18 to 58,
leaves you too old to safely do the work and seven years shy of
Medicare. And those folks can't just sit on their ass and write
a book to tide them over.

The idea that a society can toss these folks away like spent
machinery is untenable.


So what's the answer? For once I'd like to hear the whiny liberals
actually propose something.

We're going to have the same problem across the country soon
now that the boomers are hitting retirement age. The retirement
ponzai schemes only work when there are more people at the
base of the pyramid. Not enough people working to support
those not working. Boomers weren't smart enough to save
for their retirement.

There are going to be a lot of people getting a harsh reality check
when they go to retire. I'm glad this recession came now instead
of 5-10 years from now when the boomers had already retired.
- Ken