Apostolic Friends Forum
Tab Menu 1
Go Back   Apostolic Friends Forum > The Fellowship Hall > Fellowship Hall
Facebook

Notices

Fellowship Hall The place to go for Fellowship & Fun!


Reply
 
Thread Tools Display Modes
  #1  
Old 10-15-2007, 04:47 PM
James Griffin's Avatar
James Griffin James Griffin is offline
ultra con (at least here)


 
Join Date: Sep 2007
Location: The Woodlands, Texas
Posts: 1,962
The Beginning of the End? :-)

First boomer applies for Social Security


The baby boomers' stampede for Social Security benefits has begun.

The nation's "first" baby boomer, a retired teacher from New Jersey, applied for Social Security benefits Monday, signaling the start of an expected avalanche of applications from the post World War II generation.

Social Security Commissioner Michael Astrue called it "America's silver tsunami."

Kathleen Casey-Kirschling applied for benefits over the Internet at an event hosted by Astrue. Casey-Kirschling was born one second after midnight on Jan. 1, 1946, gaining her recognition as the first baby boomer — a generation of nearly 80 million born from 1946 to 1964, Astrue said.

"She's leading the way for her generation," Astrue told reporters.

Casey-Kirschling will be eligible for benefits after she turns 62 next year. She said she taught seventh graders for 14 years at a school near Camden, N.J., before retiring and volunteering for the Red Cross in Gulf Coast areas hit by Hurricane Katrina.

She and her husband have since moved to the eastern shore of Maryland near the Chesapeake Bay.

"I think I'm just lucky to be at the top of the boom," she said.

An estimated 10,000 people a day will become eligible for Social Security benefits over the next two decades, Astrue said. The Social Security trust fund, if left alone, is projected to go broke in 2041.

But Astrue said he is optimistic that Congress will address the issue, perhaps after the 2008 presidential election. President Bush had proposed changes in Social Security to create private accounts, but the proposal went nowhere in Congress.

Last week, Bush's budget director called the growth in Social Security, Medicare and Medicaid a "fiscal train wreck." The three entitlement programs make up nearly half of all federal spending, a share that is expected to grow.

A report issued last month by the Treasury Department said that some combination of benefit cuts and tax increases will need to be considered to permanently fix the Social Security shortfall. But White House officials stressed that Bush remains opposed to raising taxes.

Astrue acknowledged the political difficulties of addressing the issue, but said there is still time.

"There's no totally politically easy choice," Astrue said. "I'm not pushing any one answer."

Casey-Kirschling said her generation won't let Social Security fail.

"I think the baby boomers will want to get this fixed," she said. "They're going to want to take care of their children and their grandchildren."

__

http://news.yahoo.com/s/ap/20071015/...Zrd.heLSF2wPIE
Reply With Quote
  #2  
Old 10-15-2007, 10:24 PM
Encryptus Encryptus is offline
Registered Member


 
Join Date: Sep 2007
Location: "New" Mexico
Posts: 977
Wow where has the time gone?

A silver tsunami? Sounds like something Al Gore would blame on Global Warming.
Reply With Quote
  #3  
Old 10-16-2007, 07:25 PM
Nina Nina is offline
Registered Member


 
Join Date: Feb 2007
Posts: 457
I saw statistics that state that when SSI began, 72 workers paid for 1 recipient.
Today it is 1 to 1.
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
PCI+PAJC=UPC, In the beginning chseeads Deep Waters 18 07-08-2007 01:19 PM
The Beginning of the End of the Religious Right deacon blues Fellowship Hall 0 05-03-2007 05:26 AM

 
User Infomation
Your Avatar

Latest Threads

Help Support AFF!

Advertisement




All times are GMT -6. The time now is 11:35 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.