[tabi] Re: article on the health of Social Security and retirement

  • From: "Chip Orange" <Corange@xxxxxxxxxxxxxxx>
  • To: <tabi@xxxxxxxxxxxxx>
  • Date: Mon, 27 Sep 2010 13:37:09 -0400



Are you using the same pc William is?


If not, are you also using outlook express?


I sent him an email about me googling this problem, and it seems to happen to 
outlook express users, who do not have their windows setup for automatic 
updates to be downloaded and installed (and of course, you have to leave your 
pc on overnight usually to get them).


You can force Windows to go get all the pending updates and apply them, and 
from what I found it should solve this problem; or, you can install just the 
language pack, which OE is prompting you to do.









Chip Orange
Database Administrator
Florida Public Service Commission

(850) 413-6314

 (Any opinions expressed are solely those of the author and do not necessarily 
reflect those of the Florida Public Service Commission.)

From: tabi-bounce@xxxxxxxxxxxxx [mailto:tabi-bounce@xxxxxxxxxxxxx] On Behalf Of 
Sally Benjamin
Sent: Monday, September 27, 2010 10:29 AM
To: tabi@xxxxxxxxxxxxx
Subject: [tabi] Re: article on the health of Social Security and retirement




I tried to open this message and when I did it says language pack instillation.


Sally Benjamin

        ----- Original Message ----- 

        From: Chip Orange <mailto:Corange@xxxxxxxxxxxxxxx>  

        To: tabi@xxxxxxxxxxxxx 

        Sent: Friday, September 24, 2010 5:35 PM

        Subject: [tabi] article on the health of Social Security and retirement


        I know a lot of blind people have a very direct interest in the health 
of the social security system, so I decided to post the short article below.


        Allison and I plan to retire in a little over two years, when we're 51. 
 This article addresses those who have plans such as these; as well as those 
who have concerns over the social security system.







        Lower retirement age to 50-something 

        By Chris Farrell, Special to CNN 

        September 22, 2010 3:27 p.m. EDT


        * Chris Farrell: "We can't afford early retirement" is alarmist; 
there's no Social Security crisis 

        * Farrell says public and private pensions depend on economy's 2 
percent steady growth 

        * Mandating older retirement is a step backward, he writes. Wealthy 
societies don't do that 

        * The goal should be giving people freedom of choice in the last third 
of life, Farrell says

        Editor's note: Chris Farrell is economics editor for Marketplace Money, 
American Public Media nationally syndicated public radio personal finance 
program. An award-winning journalist, Farrell is a regular contributor to 
Marketplace Morning Report. He is chief economics correspondent for American 
Public Media's documentary unit, American Radio Works. He's also chief 
economics correspondent for Minnesota Public Radio. Chris regularly writes for 
Bloomberg BusinessWeek. 

        (CNN) -- "Grow old along with me! / The best is yet to be, / The last 
of life for which the first was made." Robert Browning, 1864

        How quaint Browning's celebratory ode to aging is these days. Americans 
seem gripped with dread about an aging society. The alarm "we can't afford it" 
is ringing loudly all over the place, from congressional hearing rooms to 
corporate boardrooms to policy think tanks.

        The reason for the alarm is the federal government's rising tide of red 
ink. Retirement looms for the roughly 76 million baby boomers born between 1946 
and 1964. The oldest members of the Woodstock generation could start collecting 
Social Security in 2008 and they'll be eligible for Medicare next year. And the 
core of the federal government's long-term debt-and-deficit problem is 
entitlement spending. 

        Yet the widespread perception that Social Security, the oldest 
entitlement, is a basket case is deeply wrong. (In sharp contrast, health care 
spending is the driving force behind the scary budget projections.) There are 
looming financial concerns, but they're manageable from an economic point of 

        There is no crisis. For one thing, when it comes to Social Security, 
and all public and private pensions for that matter, what really matters is the 
health of the economy. For example, the future Social Security tab is easy to 
meet if the U.S economy continues its average annual per capita growth rate of 
around 2 percent, which it has for the past half-century or so.

        Read the opposite view on retirement age 

        For another, the real Social Security concern lies with the consensus 
on how to shore up the system's finances: Raising the age of retirement to, 
say, 70. It's the signature change that has gathered around it as close to a 
bipartisan consensus as is possible in today's fractured politics. 

        Average life expectancy, so goes the argument, is about 78 years. 
That's way above the average expectancy of 61 years when Social Security became 
law in 1935. We're also healthier and better educated. Therefore, we're told, 
it's feasible for most Americans to work longer and the change will relieve 
some of the system's long-term financial pressure. What's not to like?

        Everything. Mandating that folks retire later is a big step backward. 
Before the 1950s, retirement was for the rich. Most elderly Americans needed to 
earn an income and work was often hard to get. Yet with Social Security, and 
Medicare in 1965, a majority of aging workers could look forward to a period of 
fulfillment at the end of their working lives. It was a major social and 
economic achievement of the 20th century. The richer a society becomes, the 
more people spend on health care, education, leisure and, yes, early 
retirement. That's what wealthy societies do.

        This suggests that the public policy goal should be to lower the 
retirement age to, say, 50-something. Again, that's an age of retirement only 
the rich can afford. Why not create a comparable option for everyone?

        It sounds crazy, doesn't it? The idea is well outside the mainstream. 
But too much of the discussion about Social Security has taken a narrow 
bean-counter view of the system. The goal of reform should be to make the 
system better by enabling people to enjoy greater freedom of choice in the last 
third of life. Now, the choice may be work, full-time or part-time, paid or 
volunteer. It could mean learning more and heading off on various adventures. 
For many people it might involve nourishing their spiritual well-being and 
making a difference in their community. 

        "Today, ordinary people wish to use their liberated time to buy those 
amenities of life that only the rich could afford in abundance a century ago," 
writes Nobel laureate and University of Chicago economist Robert Fogel in "The 
Fourth Great Awakening and the Future of Egalitarianism." "These amenities 
broaden the mind, enrich the soul, and relieve the monotony of much earnwork."

        Fogel offers up a possible blueprint for accomplishing the goal of an 
earlier retirement. The transition might take several generations. It would 
require that everyone save when they're younger -- a universal mandatory 
savings requirement. Yet under very reasonable economic growth assumptions 
households that were required to set aside nearly 15 percent of their annual 
income into retirement savings would be financially free to pursue their 
passions in the mid-50s. For low-income people, he recommends boosting their 
savings with a tax of 2 or 3 percent "applied progressively to the top half of 
the income distribution."

        There are other ideas that would accomplish the same goal. Fogel's is 
one possible blueprint. To be sure, in these times it's hard to imagine that 
the economic resources are there to finance early retirement. But America 
remains the world's wealthiest nation. Social Security reform should build on 
economic opportunity, not embrace penury. We can afford it and, yes, the best 
is yet to be.

        The opinions in this commentary are solely those of Chris Farrell.


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