Silly Jesus: Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

While in principle he's right and we need to either reduce benefits, raise the retirement age, or both... he actually failed on the basic math part of the problem.

Godscrack: [mgsonline.blogs.com image 500x375]

Are you really this dumb or just trolling? You understand that it's a jew saying this, right?

Has anyone considered cutting 'defense' spending?

We need workers to retire to make room for new workers. Not thrilled with 72 y/o nuclear power plant workers and no one on deck to take their place. Extrapolate into all areas of technical expertise. We dont HAVE to have a sophisticated society thats always on the brink of disaster.

Dumbass! 

/ Just a thought. What if moving forward we discover that there will always be more people than jobs. Maybe a new economic model would be in order. One that would have no room Multi Billionaire CEO's that add no value to... well anything.

Silly Jesus: Your face is like a butt.

You are now favourited as "face like a butt". Take this as a compliment, I guess.

unyon:

Nothing is stopping anyone from putting away bank and retiring whenever you want.

True..but, working a job for 36 grand a year with a house/rent payment and bills and a family with a car and gas and needing clothes and food and stuff and then getting to payday with only $11 left and then saving only $2 is going to slow this process down a bit.

/an excuse is just a sh*tty reason.

Oh Mr Blankfein, are you married?

At least he is a genuine bootstrapper, rather than a silver spooner.

Blankfein was born in the Bronx borough of New York City to a Jewish family and reared in the Linden Houses, a New York City Housing Authority project in the East New York section of Brooklyn. His father was a clerk with the U.S. Postal Service branch in the Manhattan borough of New York City and his mother was a receptionist. As a boy, he worked as a concession vendor at Yankee Stadium. He received primary and secondary education in the public schools of the New York City Department of Education, and was the valedictorian at Thomas Jefferson High School in 1971. He attended Harvard College, where he lived in Winthrop House, and earned his A.B. in 1975. In 1978, Blankfein received a J.D. degree from Harvard Law School.

Lionel Mandrake: On one hand, this guy's a total prick; on the other hand,I don't think adjusting the retirement age is such a bad idea.

But listening to an arrogant bajillionaire complain is always grating.

given I've given so much to war on folks, I'll be working until I'm dead anyway so who cares about the retirement age. When the Old Timers sets it's hooks I'll just wander off . . .

jgk3: Since that's simply not practical for most jobs

That's an incredibly important point. Science has done one hell of a job over past several decades getting people TO old age, but has so far had little success in dealing with the physical and mental frailties that come with old age.

Back when the life expectancy was 60, those who died around 60 or beforehand died from things like untreated cancer and heart attacks and communicable disease, things that take a few months at most to transfer you from being able to work to the grave. But now that so many people are getting beyond those things to an age where things Alzheimer's and Parkinson's and Dementia and arthritis and osteoporosis and just general physical and mental decline take over, you can easily spend many years in a living but unable to work state, especially those jobs that are stressful on the mind or body.

I think around 70 is a good place for SS.. If you're much higher, you start getting on the right end of a Laffer Curve because so many people would just transfer to Disability SS because of natural decline and it would be unfair to the healthy and the low stress job people to have to keep working while all their counterparts in high stress situations or in normal decline get to retire.

If we ever make serious medical progress in keeping the vast majority of old people in a state fit to work, this whole post would obviously change.

And all we have to is raise the cap for a little while to get the boomers out of here and SS will be just fine.

We could save at least $3 x 10^9/annum simply by ending support for the Zionists.

Live fast, die young, and leave a nice looking corpse. It's the Corporatist way!

/ Unless your daddy leaves you a buttload of money. Then Fark You. Got mine!

I worked 20 year commercial sheet metal (Local 66) before doing something different. My knees are shot as are my wrists, but I got out in time compared to some of the crumpled old timers I used to work with... not everybody sits at a desk.

Blankfein needs to be hit in the face with a well-thrown rivet hammer

Canada just raised the retirement age to 67.
Except for federal politicians.

Surpheon: Cut SS benefits by 25% and it is stable for the forseeable future

Want to know how I know you or anyone you love isn't on Social Security retirement/disability?

There are people out there who are skipping meals in order to afford their rent or their medicine. For them, it is a daily Living Hell that reminds them during every waking moment of how barely tolerable their lives are.

And then some dirty evil little bald man, crashes the economy, blackmails the Government to pay up because he's "too big to fail", gives himself a HUGE bonus, and says that Grandma needs to live off of one quarter slice of bread each day instead of half a slice, the extravagant hag!

What is -25% below starvation, Surpheon?

We could end (commie-ass) farm subsidies and save $1.5 x 10^11/annum.

unyon: He's right. The 65 year retirement age was implemented when average life expectancy was... 69. It seems reasonable that the age move up, in a methodical way, allowing approaching retirees to adjust to the new reality.

Nothing is stopping anyone from putting away bank and retiring whenever you want. For many people, not being able to work past 65 is what will condemn them to a retirement of poverty.

bingo

It's amazing that a man who should be serving a life sentence for economy-crashing fraud is able to have a real input on government policy.

Were the bailouts necessary? Maybe. But there's no excuse for the lack of trials and jail time. We're letting the crooks keep running the economy after they already blew the thing up.

d23: Back To Work, Grandma

I need that 3rd yacht!

The more I see that nasty little face of his face, the harder it is not to want to punch his lights out. The "man" is like a walking stereotype of all the Nazi propaganda about the "Eternal Jew".

Closing up the DEA would free up $2.5 billion/annum.

Silly Jesus: This is now the libtard relationship with the evil rich....

[static.someecards.com image 420x294]

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

Yes because the basic math and obvious facts he pointed out was that people work for 25 years and then retire for 30. That's some sound math, and you're a really smart person with a good argument.

The problem with Republicans is that they can't do math, or even argue effectively. Every Republican argument I've heard in the last four years boils down this simple playground chant, "I'm rubber, you're glue whatever you say bounces off of me and sticks on you."

retire older, start working younger, how many more people will need to be employed per year?

We have what is probably a Permanate unemployed class, unable to find jobs, so much so that people are migrating south of the border to find jobs.

a guy who makes millions a year thinks us unmillionairs should work more hours for less pay, and get less from our work.

X-boxershorts: pxlboy: X-boxershorts: ajgeek: What the hell is "Social Security?" Oh right, the mandatory retirement program from which I'll never get to benefit. Hey, does anyone know where that "opt out" thing is that ol' Dubya was talking about? Cylindrical filing cabinet you say? Ah...

You should instead demand hat the 1% pay the god damned 2.5 trillion in IOUs

Good luck with that one. I'm 36 and I probably won't get to retire unless I just off myself at 65 or 70.

How do ya think I feel. 53 and been contributing for as long as you've been alive.

I'm at "that age" that the cutoff for means testing and retirement age increases will effectively screw me out of 50-70 thousand dollars.

DEMAND THEY PAY THE GOD DAMNED IOUs

Oh, and index the max cap on contributing income to inflation for the first time since 86

Yeah, imagine being younger and expecting to see zero of that SS. That is a farkload more than 50-70 thousand.

super_grass: ITT: Farkers take a break from complaining about how baby boomers is leeching off everyone else and defend their right to retire at an age where many are still healthy and productive members of society.

Needless to say, we take a wide stance on the issue: it depends on who's making the statement.

Farkers complain about Grandma setting up a system that tells kids to go to college then to DIAF once they get out and are broke with no jobs, while Grandma waves on her way to her own job in a Hummer.

Farkers also think Grandma, despite being an ass, not only has the right to retire, but the people saying that we can't afford it are lying\idiots.

The two are not mutually exclusive. It's called 'not demonizing people'.

Meanwhile, dicks like this guy get paid hundreds of millions of dollars. Where the fark do you think that money comes from people?? It comes out of our pockets in fees and interest, any way a bank can fark with you.

Billions of dollars are siphoned from the economy by these people.

BLANKFEIN: You're going to have to undoubtedly do something to lower people's expectations - the entitlements and what people think that they're going to get, because it's not going to - they're not going to get it.

/Don't worry,we already know that yourself and people like you who have millions of dollars and a golden umbrella are trying their best to fark the little guy out of a peaceful retirement. Why not..it would make you more money, because god knows, being a multi-millionare isn't enough.

Ok honest question to those defending the rich. I already know I'll have to work till I drop dead, I'll be that barely alive Walmart greeter probably, so why should I care if there's an honest to god "class war" that consumes the rich and wrecks the economy? Just means I'll be eating cat food sooner rather than later.

Lionel Mandrake: On one hand, this guy's a total prick; on the other hand,I don't think adjusting the retirement age is such a bad idea.

But listening to an arrogant bajillionaire complain is always grating.

Regardless of anything else, I want to see him scrub toilets for $8 an hour, then go home and hear his kids say they're hungry. Then turn on the TV and hear some smug rich prick call him lazy.

And keep doing that for 20 years.

Surpheon: Duck_of_Doom: A finite number of jobs, being fought over by even more people.

Or, you know, people could work less - more leisure time, share the jobs, enjoy life. Isn't it odd how a world where 99% of the shiat work is done by robots is seen as a horrific hell hole rather than the reality of being closer to utopia? Of course, it's blasphemy to suggest that everyone benefit from the incredible wealth produced in such a world rather than literally just a few dozen lucky sods who own the robots.

This, this, and this. The US Senate passed a 30-hour-workweek bill. EIGHTY YEARS AGO (it stalled in the House). Nixon campaigned on the 30-hour week back in the 50s. Whatever became of progress?

As for Blankfein's suggestion, the problem is that NOBODY WANTS TO HIRE 65+ YEAR OLDS. Over 50% of people who turn 62 this year (born in 1950) will take early Social Security benefits the day they turn 62, despite getting diminished payouts, because they don't have work. The magical age is 59. If you lose a job at 59, you have a 50/50 chance of ever working another full-time day again. Older than that, it's worse.

And guess what? Any company who tried to hire 60-somethings out of a sense of civic duty?? The 23-year-old cocaine-junkie analysts at Goldman Sachs, Blankfein's people, would say "short the motherfarkers, they could be more efficient if they fire the old farts". Talks out of both sides of his mouth on that one.

Silly Jesus: This is now the libtard relationship with the evil rich....

[static.someecards.com image 420x294]

Even when they point out basic math and obvious facts, they are evil.

Cry moar, poors.

"You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career."
Show me some of that basic math.

Fail in Human Form: I'll be that barely alive Walmart greeter probably,

Nope. Done been eliminated already.

Lawnchair: Fail in Human Form: I'll be that barely alive Walmart greeter probably,

Nope. Done been eliminated already.

Hum....

/Guess I better hope for the SHTF sooner rather than later then

TV's Vinnie: What is -25% below starvation, Surpheon?

Someone missed my point. I'm not for cutting benefits by 25%, I am simply pointing out that anyone insisting SS is doomed is a math impaired idiot.

Personally, I'm good with means testing for SS benefits. Change it from a pension plan to an anti-poverty insurance plan. I don't think Mitt Romney (now out of work and of retirement age) will miss being able to pull his SS check.

Raising the cap also makes sense, but removing it entirely doesn't make sense to me. Just raise tax rates and keep it above aboard rather than sneaking it through under the auspices of SS.

/Have 3 loved ones on SS; glad they have it so I can spend my money taking them to Disneyland and spending time over the holidays with them.