DISQUS

jane · 1 year ago

Do Seniors’ Deserve This?

While the cost of living has quadrupled, the group of people most negatively affected group in the society is the seniors, who are on fixed income. And some of us who had managed to invest in stocks and lived on interest income during the boom years in the mid to late 1980s have just witnessed the major evaporation of our life saving. We not only lost the interest income but the principle as well. Surprisingly, it does not appear that the down slope of our standard of living would soon improve. On Sunday, I could not believe listening to statements by Douglas Holtz-Eakin, Sen. McCain's senior policy adviser that if elected, Senator McCain intends to reduce medicare and medicaid spending to offset tax cuts pay for his proposed health plan. He further elaborated by saying that the savings would come from eliminating or reforming payment policies to lower the overall cost of care. He will also increase medicare premiums for the wealthier seniors. The more I think about I get very distressed that the ills of this generation are being pushed to its seniors and future generations. It is not fair.

mtobias · 1 year ago

I think that the important question is "What did McCain learn from the Keating Five?"

He clearly did not learn that deregulation of the S&L industry which cost thousands their savings and pensions was a bad thing.

He clearly did not learn that deregulation of the Finance Industry which is costing millions their 401k and pensions and savings, is a bad thing.

He has even found ways to cheat his own Campaign Finance Reform.

How can we reward a man who was unable to learn a thing from what he has described as "his most horrible personal event"?

I say we defeat McCain in 2008.