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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMillionaire Jeb Bush Decides That Americans Need To Work Longer Before They Can Retire
PoliticusUSA
Millionaire Jeb Bush Decides That Americans Need To Work Longer Before They Can Retire
Jeb Bush is calling to push the retirement age to 68 or 70. That will fix you entitled slackers.
Slackers. Jeb Bush is calling to push the retirement age to 68 or 70. That will fix you entitled slackers.
The former Florida Governor, who was in office when his brother former President George W. Bush, son of the other former President George Bush won an election determined by a narrow margin in Jebs state, has decided that you all need to work longer.
Like, say until youre 70, because entitlements.
Watch the Republican 2016 hopeful on CBS Face the Nation here:
Jeb Bush is going to protect your Social Security by taking it away for three to five years, We need to look over the horizon and begin to phase in, over an extended period of time going from 65 to 68 or 70. And that, by itself, will help sustain the retirement system for anybody under the age of 40.
Asked about means testing, Bush said that sure, it could be considered. I mean, yeah, you would think if it were entitlements that Republicans were worried about, they would want to go after those double dipping richies, but Bush first wants to make sure you work longer.
That is what he would stand for if he were actually running for President, you see.
But Bush wont say he is running for President yet, because that would mean he was violating campaign laws, and we all know laws are for the little people. Jeb Bush doesnt mind talking on TV about things he would do if President
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Even though hes not running for President yet and couldnt tell the not-buying-it Bob Schieffer under what circumstances he would NOT run, we should still remind everyone that Bushs solution to a problem that doesnt exist yet (reports suggest it could be a problem in 2033, but by problem they dont mean unfunded, they mean that the trust fund is projected to cover 77% of benefits due) takes aim at the middle and lower classes, because as a Republican he doesnt believe in raising taxes even the FICA tax and because they wont really consider means-testing.
But the bigger question should be, why attack this problem as if it were the most pressing issue of the day? Why not talk about getting some corporations to pay even a bit of the tax percentage that the average citizen pays. That would sure give us some money to help the deficit. Or how about talking about creating good paying jobs. Or helping families with a paid leave act.
Things that are pressing right now. Why would the first solution be to force the American people to work longer? Havent they been hit enough, being forced to pay for too-big-to-fail banks even as they lost their retirement savings due to those banks and then being told they had to tighten their belts because we must all give, while corporations and the very wealthy got away with legally not even doing their share?
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onecaliberal
(32,888 posts)That is a corporate position, so all candidates taking money from corporations will be expected to hold that position. Some people are just not hiding their stance from the media, so no one knows what they are for.
gordianot
(15,242 posts)Maybe it still is but the rank stupidity of Republican politics makes this reasonable.
Johonny
(20,880 posts)hours, for a shorter time in their life or else massive uncontrollable poverty will result. Future world of technology is rapidly coming and Jeb Bush has not a clue what it will bring or what it means for the need for socialistic ideas. Needless to say a society based on working until 70 is INSANE.
BlueJazz
(25,348 posts)...trying to get a job. The person's resume would be in the trash 2.1643 seconds after he left the room.
Glassunion
(10,201 posts)Record retention laws require that all job applications and resumes be retained for a one year period. So in 365 days, 0 hours, 0 minutes, and 2.1643 seconds later the resume will hit the trash.
hobbit709
(41,694 posts)lpbk2713
(42,766 posts)"Ya think you can pull it off?"
Fred Sanders
(23,946 posts)He is one of those orators of whom it was well said: Before they get up, they do not know what they are going to say; when they are speaking, they do not know what they are saying; and when they have sat down, they do not know what they have said."
Winston Churchill, when speaking of Lord Admiral and MP Lord Charles Beresford.
Eleanors38
(18,318 posts)closeupready
(29,503 posts)And the taxes of those who will pay him $$$ in helping his organization get him elected president.
If the lives of older working people are made more miserable even though society is richer than EVER, who cares? Not Jeb Bush, that we know for dang sure.
valerief
(53,235 posts)And when did she stop working?
Octafish
(55,745 posts)He should be working on a chain gang, just from the Savings & Loan crapola. Lots of crime since then.
"Yeah. See. This."
What a smart guy said:
The Bush Family: A Continuing Criminal Enterprise?
Gary W. Potter, PhD.
Professor, Criminal Justice
Eastern Kentucky University
The S&Ls, the Mob and the Bushs
During the 1980's hundred of Savings and Loan Banks failed. Those bank failures cost U.S. taxpayers over $500 billion to cover federally insured losses, and much more to investigate the bank failures (Pizzo, Fricker, and Muolo, 1989; Brewton, 1992; Johnston, 1990). More than 75% of the Savings and Loan insolvencies where directly linked to serious and often criminal misconduct by senior financial insiders (Pizzo, Fricker and Muolo, 1989: 305). In fact, less than 10 percent of bank failures are related to economic conditions, the rest are caused by mismanagement or criminal conduct (Pizzo, Fricker and Muolo, 1989: 305).
A good example of the Savings and Loan failures can be found in the activities of Mario Renda, a Savings and Loan insider who often worked in close collaboration with organized crime (Pizzo, Fricker and Muolo, 1989: 123-126;302). Renda served as a middle man in arranging about $5 billion a year in deposits into 130 Savings and Loans, all of which failed (Kwitny, 1992: 27). Many of these deposits were made contingent on an agreement that the Savings and Loan involved would lend money to borrowers recommended by Renda, many of whom were organized crime figures or people entirely unknown to the banking institution involved (Kwitny, 1992: 27).
SNIP...
Jeb Bush: Influence Peddling for a Bust-Out Scam
But, Neil Bush was not the only Bush brother involved in the Savings and Loan collapses. Jeb Bushs, the current Governor of Florida, curious relationship with Miguel Recarey is another illustration. Recarey was a long-time business associate of Tampa organized crime figure Santos Trafficante. Recarey also fled the U.S. facing three separate indictments for labor racketeering, illegal wiretapping and Medicare fraud (Freedburg, 1988: A1). Recareys business, International Medical Centers, was the largest health maintenance organization for the elderly in the U.S. and had been supported from $1 billion in payments from the Medicare program. International Medical Centers went bankrupt in 1988 (Freedburg, 1988: A1; Royce and Shaw, 1988: 4). When International Medical Centers went under it left $222 million in unpaid bills and was under investigation for $100 million in Medicare fraud (Freedbrug, 1988: A1; Frisby, 1992: G1). The U.S. Office of Labor Racketeering in Miami referred to Recarey and his company as the classic case of embezzlement of government funds ... a bust-out operation (Freedburg, 1988: A1)
Jeb Bushs role in this saga being in 1985 when Recareys attempt to create his bust-out scam corporation ran into a federal regulation that said no HMO could get more that 50% of its revenue from Medicare (Freedburg, 1988: A1; Royce and Shaw, 1988: 4). Jeb Bush intervened on Recareys behalf with Helath Human Services Secretary Margaret Heckler and one of her top aides. Convincing them to waive the regulation in the case of Recareys company (Freedburg, 1988: A1; Royce and Shaw, 1988: 4). In addition to Jeb Bushs intervention, Recarey had paid $1 million to senior Republican lobbyists in Washington, who were also working the staff of Health and Human Services in pursuance of a waiver (Freedburg, 1988: A1; Royce and Shaw, 1988: 4). In addition, Jeb Bush had contacted Secretary Heckler earlier about complaints from doctors over the quality of International Medical Centers care and allegations that Recarey had embezzled funds form another hospital (Royce and Shaw, 1988: 4). Jeb Bush told an aide to Secretary Heckler that contrary to any rumors that were floating around concerning Mr. Recarey, that he was a solid citizen from Mr. Bushs perspective down there [in Miami], that he was a good community citizen and a good supporter of the Republican Party (Royce and Shaw, 1988: 4).
Not surprisingly, in 1988 Recareys company gave Jeb Bushs real estate company $75,000 to help it find a site for a new corporate headquarters (Freedburg, 1988: A1; Royce and Shaw, 1988: 4). It was a bad investment because International Medical Centers had already selected a corporate headquarters location when it hired Jeb Bush (Royce and Shaw, 1988: 4).
Jeb Bush had a role in yet another Savings and Loan fiasco when he defaulted on a loan from Broward Federal Savings and Loan (LaFraniere , 1990: A24). Broward Federal loaned $4,565.000 to J Edward Houston, a real developer in February, 1985. The loan was secured only by Houstons personal guarantee. On the same day, one of Houstons company lent the same amount to a partnership made up of Jeb Bush and Armondo Codina for the purpose of purchasing a building in Miami. The Bush-Condina partnership was required to repay the loan only if revenues from the building were sufficient to cover the repayment. Bush and Condina made no payments on the loan at all and in 1987 Houston defaulted on the Broward Federal loan and the Bank sued both Houston and the Bush-Condina real estate partnership. In a sweetheart settlement with the Federal Deposit Insurance Corporation, Bush and Codina only had to repay $500,000 of the $4.5 million loan and got to retain ownership of the building which had been the collateral on the loan. In 1991, the FDIC sued the officers and directors of Broward Federal charging that the loan ultimately used by Bush and Codina was an example of the banks negleient lending practices (Frisby, 1992: G1). The Bush-Codina loan played a key part in the failure of Broward Federal which cost taxpayers $285 million (LaFraniere , 1990: A24).
CONTINUED...
http://critcrim.org/critpapers/potter.htm
That's the way a professor of criminal justice puts it. Me, to get a better handle on War Inc's first family, Bartcop first called them the "BFEE" for short.
hill2016
(1,772 posts)that the trust fund will only cover 77% of benefits due a problem today?
A lot of state pension and health plans are underfunded today because politicians promised benefits without raising the necessary taxes to fund what they promised.