Saturday, November 13, 2010

Saturday Morning

J and I are going out to take fall color pictures this morning. We're supposed to have heavy winds today, and I'd like to get some pictures of the leaves while they are still on the trees.

And Peon is not surprised that the "bipartisan" commission is advocating reductions in Social Security benefits. Peon has been saying for a long time that the elite will now seek to take the last remaining bit of money the vast majority has. They've taken our wages, run us into ruinous debt, taken our houses--there isn't anything else left. Paul Krugman's blog links to the Social Security study showing that life expectancy for the top half of the earnings distribution has increased a lot more than life expectancy for the bottom half. Surprise, surprise. What this means for the rest of us is that, if the full retirement age is raised to 69, many lower income workers won't live to collect a dime. That's how they reduce the deficit--people pay in with the full knowledge that they may never collect.

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