Quantcast

Comments about ‘On the edge: how seniors are teetering on fiscal cliff’

Return to article »

Published: Wednesday, Nov. 21 2012 10:40 a.m. MST

Comments
  • Oldest first
  • Newest first
  • Most recommended
Third try screen name
Mapleton, UT

Everyone in Washington (and Wall Street) is ignoring the basic fact that our economy is unsustainable as it has been constructed by the Fed and government.
Our money is worthless. Just look at the bank rates on savings. Your ROI is less than inflation. The stock market is based on speculation rather than the real value of the corporations.
We left the gold standard and replaced it with borrowing/spending.
Where is the foundation? The full faith and credit of the United States isn't worth much these days. Bandaid approaches only perpetuate the bubble.

JSB
Sugar City, ID

Since I retired I have been getting along OK. But, because I am on a fixed income, my biggest concern is inflation. What can be done to protect ourselves from that?

Mountanman
Hayden, ID

@JSB. What can be done about inflation? Too late! The Obama re-election sealed our future!

worf
Mcallen, TX

Third try screen name,

" The full faith and credit of the United States isn't worth much these days."

The worth of the United States are with our possessions, and lands. Let's hope we don't get foreclosed on.

Dauly
Provo, UT

Way to go old people!!! You ruin our social security by draining the fund and not preparing for the future, you won't allow changes that would make social security available for future generations and now you are going bankrupt in retirement. It might be time to move over and let someone else take charge.

BrentBot
Salt Lake City, UT

The big danger for Seniors is hyperinflation. At the rate Obama and the Federal Reserve are printing money out of thin air, inflation is assured. However, when the U.S. dollar is no longer the world's reserve currency, hyperinflation will occur. Think of wheelbarrows full of useless currency to buy a loaf of bread, just like the Wiemar Republic in Germany in the 1920's. That will occur here because Obama, George Soros, and Saul Alinsky want the dollar to collapse.

Buy gold,silver, and other natural resources to guard your net worth against hyperinflation.

BrentBot
Salt Lake City, UT

A comment above accuses the "old people" of draining the Social Security fund. The "old people" voted for Mitt Romney to fix Social Security so there would be sufficient for their children and grandchildren.

It was the myopic younger generation who voted for Barack Obama who doesn't seem to want to fix Social Security, Medicare, and the deficit so those resources will be there for them when they need them. Many of the younger generation are childless, thus further reducing the number of paychecks which will support their Social Security when they need it.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments