No COLA increase will sink the Dems in Nov

THE PROFIT · 10-11-10, 07:06 PM

Coke & Pepsi slowing production??? I dont think old folks drink as much cola as young folks.

exstatman · 10-11-10, 07:13 PM

And old folks vote, the same kids who were excited to vote for Obama in '08 will not vote in the mid-terms.

dollarbill · 10-11-10, 08:57 PM

Looking at reality........

I read this and did a little google....

Right now my SS would be $865 with the average person today receiving close to $700? We've contributed more to SS then most in all their working years. So basically they are seeing a great return on their stipend contribution to the fund.......

Hopefully in 20 years the return will be the same for us?

Hope someone can calculate the return people today are receiving on their investment? These #'s are ballpark figures.......

Did the math on
60 hour work week with time and 1/2 = $61 a week times 4 times 12 = $2928 year times 7.65%= $233 invested a year times 40 year working b4 retiring =$9000 total contributed, MINIMUM. $8400 is the least a person receives each year after retiring.

Today 60 hour week in 2010 with time and 1/2 = $507 a week times 4 times 12 = $24360 year times 7.65% = $1864 invested a year times 40 years working b4 retiring = $74560 total contributed. just collecting on your investment today, you would need to live 7 years after retiring. Unless in 20 years the average doubles.

Remember if your a specialist and earning or have earned at least $10 an hour this becomes........

What Things Cost in 1953:

Car: $1,850 saying this entitles the average person to receive

Gasoline: 29 cents/gal

House: $17,500

Bread: 16 cents/loaf

Milk: 94 cents/gal

Postage Stamp: 3 cents

Stock Market: 281

Minimum Wage: 75 cents per hour

Average Annual Salary: $4,700 using above formula total investment would be $14382 amazing

My uncle said he wished he could've invested his monies in a Insurance policy!

Crazy........

Sam Odom · 10-11-10, 09:04 PM

Originally posted by dollarbill

I read this and did a little google....

Right now my SS would be $865 with the average person today receiving close to $700? We've contributed more to SS then most in all their working years. So basically they are seeing a great return on their stipend contribution to the fund.......

Hopefully in 20 years the return will be the same for us?

Hope someone can calculate the return people today are receiving on their investment? These #'s are ballpark figures.......

Did the math on
60 hour work week with time and 1/2 = $61 a week times 4 times 12 = $2928 year times 7.65%= $233 invested a year times 40 year working b4 retiring =$9000 total contributed, MINIMUM. $8400 is the least a person receives each year after retiring.

Today 60 hour week in 2010 with time and 1/2 = $507 a week times 4 times 12 = $24360 year times 7.65% = $1864 invested a year times 40 years working b4 retiring = $74560 total contributed. just collecting on your investment today, you would need to live 7 years after retiring. Unless in 20 years the average doubles.

Remember if your a specialist and earning or have earned at least $10 an hour this becomes........

What Things Cost in 1953:

Car: $1,850 saying this entitles the average person to receive

Gasoline: 29 cents/gal

House: $17,500

Bread: 16 cents/loaf

Milk: 94 cents/gal

Postage Stamp: 3 cents

Stock Market: 281

Minimum Wage: 75 cents per hour

Average Annual Salary: $4,700 using above formula total investment would be $14382 amazing

My uncle said he wished he could've invested his monies in a Insurance policy!

Crazy........

Originally posted by Sam Odom

Forget the facts

flyingillini · 10-11-10, 09:07 PM

I thought you were talking about A1 Yola, we also call it coca cola.

BigdaddyQH · 10-12-10, 01:49 PM

The COLA increase, or lack of it, is not the fault of either party. It is a formula that is used to determine if there will be an increase. Older Americans have seen their life go downhill because of other cuts in funding. I live in a city that has a large number of retirees, who live on a fixed income. Because of the ridiculous spending spree that the Democrats and Arnold have gone on in the past 3 years in California, and the Liberals in Washington going bonkers, the elderly have had their services cut. It is getting so bad that the many "Snowbirds" (elderly people who come out here for the winter) have stopped coming out, causing a loss of income to the city, and a real mess in the real estate market. That is the real problem.

dollarbill · 10-13-10, 02:44 AM

Originally posted by Sam Odom

Oh-Kay

Most retired today are collecting at least 5 x's times of what they contributed. they shouldn't blame they should be grateful. not fact reality......

Hope we are all as lucky to see that type of return on our "contributions" down the road?
No problem...... Wait a minute the salaries of politcans in 1965 were...... and today are

andywend · 10-13-10, 04:20 AM

The current generation of retirees are the most selfish people on the face of the Earth.

They bitch and moan that they aren't getting enough even though they are getting way more than they are entitled to.

With that being said, the fact that the federal government is freezing social security checks is the first small sign of fiscal sanity and the Obama administration should NOT be punished for it. However, since Obama continues to blame every single one of our country's problems on the republicans even though they have been out of power since 2006, its only fair that this social security freeze hurts the democrats next month.

dodger33 · 10-13-10, 04:31 AM

You are forgetting some very important points here. When ss was started it was supposed to be voluntary. Then the dems voted it to be mandatory. It was also non taxable then the dems voted that away also. It was also supposed to be a separate restricted fund then the dems overturned that and started borrowing against the restricted funds that were supposed to be voluntary! The dems have put us into this mess so I don't fell sorry for what the do or don't get blamed for. They deserve what is coming to them in November!

dodger33 · 10-13-10, 02:01 PM

I wonder how many people here actually read the title and immediately thought about the softdrink?