Source: Bloomberg Visual Data

Category: Taxes and Policy

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “The Global Retirement Dilemma”

  1. Iamthe50percent says:

    Work until you drop, otherwise the government is sure to screw you. Thanks for all the Hope and Change, Obama.

    • bigsteve says:

      Both parties, Congresses and Presidents have allowed us to drift into the present shape. You cannot blame Obama alone. And I am sure you would not agree but Medicare spending has dropped by 50 billion dollars this year in large part because of ObamaCare. So he has helped the situation. I remember talking to my congressman about 10 years ago in a meeting to address Social Security when Bush Two wanted to privatize it.Tom Feeney is very conservative. As I point out and he agreed that we are in the best shape retirement wise of all of the advance countries in the world. That is due in large part because of immigration. I am a very old fashion conservative but one with a brain and knowledge. We have the resources to take care of our young and old in our country. It is just a matter of priority. Remember that when you enter the voting booth. And remember if we can get our health care spending in line with the rest of the world, well there is the money.

  2. rd says:

    It is clear that the big nut to crack is healthcare spending. Reducing healthcare costs down to the next highest in the world would drop our healthcare cost from about 17-18% of GDP down to the 11-12% range. That alone would probably wipe out much of the projected Medicare funding shortfall. The US healthcare system isn’t organized enough to even be called a mess. It has largely evolved in a semi-random manner with few over-arching principles guiding it other than there are a lot of entrenched interests with major stakes in maintaining a dysfunctional status quo.