I am so happy that Congress passed Obama’s tax package. Taxes won’t be raised for the wealthy; taxes won’t be raised for the middle class; taxes won’t be raised for the poor.
The estate tax will remain the same; there will be new credits for families with children; the social security tax (FICA) that is usually taken out of your paycheck – assuming that you have a paycheck – will not be as much for the next year and you will have more money to spend, spend, spend. This “spending” will then help the economy grow.
And if you are unemployed you do not have to worry about your checks coming in from the government. The extension to the benefits has saved many from destitution.
So what’s my complaint? Read the above again. Do you see anything there for those of us that are retired, living on Social Security benefits? Did you know that Social Security recipients did not receive a COLA (cost of living allowance) this year – nor did we receive one last year. Do you think that prices have not gone up in the past two years? Do you pay your utilities? Have you seen what has happened to the cost of water? And the San Diego City Council is having yet another meeting to hear the residents talk about why the cost of water should not go up – AGAIN! Oh yeah, like it is going to make a difference when 500 people stand up and say that they cannot afford to have their water bills increased when only 2 people will stand up and say, “Oh Mayor Sanders. Of course it is ok to raise my water bill. I’ll willingly pay the increase. This is the best city in California and I will do my part. Maybe it will help build the new Charger Stadium.”
And the result will be that the City Council, in their infinite wisdom will raise the cost of water to the homeowner.
Bull Crappy! The legislature has a new caste system – SENIORS – and I don’t mean High School seniors. I mean OLD PEOPLE; people that worked for a living making much less money than people doing the same job are making today.
It is true that Social Security was not meant to be the sole source of support for retired people. It was not MEANT to be – but for many of us it is. Many of us were hurt drastically by the recession. I keep hearing that we are heading upwards, but I, for one, have not yet recouped all that I lost when my 401K tanked.
Here’s a little word of advice to you “children” out there. Mom and Dad, Grandma and Grandpa do not have the income they had when you were growing up. Don’t think that when they pass on you will get the house they bought for $35,000 and is now worth $1.5 million. Mom and Dad, Grandma and Grandpa will have to sell their house – ever hear of a “reverse mortgage” – just to get by until their time has come. There won’t be anything left for you and then, I ask you, what will YOU do? And believe me – none of us “oldsters” want to live with you youngsters. We want to be independent; we want to manage our own affairs; we want to feel productive, even if all we are capable of doing is sitting in our recliner with our memories.
Wake Up! The Asian culture reveres their elderly. We in America find the elderly a burden and a nuisance. How many times have you seen the “children” roll their eyes when the parent says something they disagree with? In a few more years the “baby boomers” will be in the same position we old people are in now.
Man! I hope they are prepared. If they think they are having trouble making ends meet now, see what reality is like and restrict your buying to two years ago with today’s prices.
To quote Sarah, “whatcha gonna do?” You are going to be mighty unhappy, “ . . . I betcha.”
Any secrets out there for retaining one’s sanity? And please don’t say “get a job.” I would if I could but it is a little hard to compete with new graduates looking for jobs too. You know what? The hell with the “sanity”. How does one recoup the monies lost by the big establishment? Happy Holidays!