Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
quote by William Greider
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Related quotes
Well, the U.S. is running a current account deficit; we are creating lots of investment opportunities in the United States that exceed our own domestic savings rates, so the issue here is to encourage higher savings rates in the United States.
quote by John W. Snow
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My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.
quote by Cliff Stearns
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Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.
We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
quote by John W. Snow
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With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.
quote by Jim Cooper
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More Than We Are
Came home singing, Sorrento, you said Here
comes Maria Von Trapp - little knowing that I
was being Leo Buscaglia, happy in knowing
about the Necrotelicomnicon* offering a Door
out of this World
I need these dreams because I had to check a
lease contract for my Calvinist colleague who
immediately queried every change I made – I
only did it because I am being paid; it has no
meaning to me
Whether the rental agreement stipulates lease
or rent or bank savings rates or bank rates for
savings; who cares, irrelevant – if she prefers
her own version I am happy to concur – why
ask me in the first place
She ought to know me by now, sounds are
important, not their dictionary meaning, the
sound IS the feeling, keep your definitions,
I will keep on singing, no need to let one
interfere with the other
The most important thing is to determine
whether I am Madame Butterfly, Carmen
or Christine; which role can I sing, how
far can we go, can we love like Leo
Buscaglia, can we
understand the difference between being
who we are - take up our own space or
try to be more than we are…
(Necrotelicomnicon - reference found in “Moving Pictures” – Terry Pratchett -
Corgi edition 1995, p.174)
poem by Margaret Alice Second
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Though Congress continues to explore possible solutions to ensure social security solvency, everyone must take personal responsibility to prepare their own retirement savings accordingly.
Pensioners
Pensioner
There are problems in the land and you are a pensioner,
austerity is like a sweat horse blanket that doesn’t dry.
Medicine old people needs are getting more expensive,
and come to think of it isn’t old folks pension to high?
Many young people think so as their old age is far away.
Look at them the smug old bastards, have no mortgage
to pay, they are no good consumers don’t buy furniture,
and have savings in the bank. The new society doesn’t
need people who believe in old values, what silly notion.
So tax their savings and their medicine so they can begin
to feel our pain. They had the best of times when work
was plentiful, they lived at a time of copiousness, so let
them try how it feels like to be young today.
An old lady, on Zimmer frame, was robbed yesterday.
poem by Oskar Hansen
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Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work.
quote by Jeff Bingaman
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Personal savings accounts to me are one of the most powerful things, not necessarily in saving, solvency, or bankruptcy of the program, but in guaranteeing, the words I used a few minutes ago, a safe and secure retirement for our seniors.
quote by Bill Frist
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The Premier and the Socialist
The Premier and the Socialist
Were walking through the State:
They wept to see the Savings Bank
Such funds accumulate.
"If these were only cleared away,"
They said, "it would be great."
"If three financial amateurs
Controlled them for a year,
Do you suppose," the Premier said,
"That they would get them clear?"
"I think so," said the Socialist;
"They would -- or very near!"
"If we should try to raise some cash
On assets of our own,
Do you suppose," the Premier said,
"That we could float a loan?"
"I doubt it," said the Socialist,
And groaned a doleful groan.
"Oh, Savings, come and walk with us!"
The Premier did entreat;
"A little walk, a little talk,
Away from Barrack Street;
My Socialistic friend will guide
Your inexperienced feet."
"We do not think," the Savings said,
"A socialistic crank,
Although he chance just now to hold
A legislative rank,
Can teach experienced Banking men
The way to run a Bank."
The Premier and the Socialist
They passed an Act or so
To take the little Savings out
And let them have a blow.
"We'll teach the Banks," the Premier said,
"The way to run the show.
"There's Tom Waddell -- in Bank finance
Can show them what is what.
I used to prove not long ago
His Estimates were rot.
But that -- like many other things --
I've recently forgot.
"Advances on a dried-out farm
Are what we chiefly need,
And loaned to friends of Ms.L.A.
Are very good, indeed,
See how the back-block Cockatoos
Are rolling up to feed."
"But not on us," the Savings cried,
Falling a little flat,
"We didn't think a man like you
Would do a thing like that;
For most of us are very small,
And none of us are fat."
"This haughty tone," the Premier said,
"Is not the proper line;
Before I'd be dictated to
My billet I'd resign!"
"How brightly," said the Socialist,
"Those little sovereigns shine."
The Premier and the Socialist
They had their bit of fun;
They tried to call the Savings back
But answer came there none,
Because the back-block Cockatoos
Had eaten every one.
poem by Andrew Barton Paterson
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The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That's wrong, and that's why the double tax on Social Security must end.
quote by Rob Simmons
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There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
quote by Rob Simmons
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President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
quote by John Doolittle
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Employment Goals Seek Attain Dreams
employment gives us options
employment creates opportunities
employment enhances meetings
employment demands responsibilities
employment provides relative incomes
employment pays plan budget bills
employment advocates option savings
employment allows stepping stones
employment wisdom attains rewards
employment goals seek attain dreams
poem by Terence George Craddock
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A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
Providing patients and consumers with solid information on the cost and quality of their healthcare options can literally make the difference between life or death; and play a decisive role in whether a family or employer can afford healthcare.
quote by Timothy Murphy
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Fishing Rods, Guns And God
Some say: Give me a fishing rod
so when I start to wish
for food I needn’t pray to God:
I’ll catch myself a fish.
Some think that rifles or revolvers
may solve their problems better,
becoming with such problem solvers
to God a lifer debtor.
All fishing rods are just like guns
in any fish’s eyes,
but I feel merciless when one’s
my dinnertime fish prize.
A bank account won’t save a fish
from dying, but with one
you may prepare a sauce that’s pish,
and not be forced to run
away from cops or into church
or synagogue for aid,
for it won’t leave you in the lurch,
demanding debts be paid.
Inspired by Nicholas Kristof’s Op-Ed in the NYT, December 31,2009 “Sparking a Savings Revolution”) :
There’s an old saying about poverty: Give me a fish, and I’ll eat for a day. Give me a fishing rod, and I’ll eat for a lifetime. There are many variations in that theme. In Somalia, I heard a darker version: If I buy food, I’ll eat for a day. If I buy a gun, I’ll eat every day. But these days, there’s evidence that one of the most effective tools to fight global poverty may be neither a fishing rod nor a gun, but a savings accounts. What we need is a savings revolution. Right now, the world’s poor almost never have access to a bank account. Cash sits around and gets spent — and, frankly, often spent badly.
12/31/09
poem by Gershon Hepner
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Republicans have offered dozens of comprehensive healthcare plans many of which achieve comprehensive healthcare reform without breaking what's working in healthcare. We want to fix what's broken in healthcare.
Daylight savings time (an urban myth?)
Daylight savings time
Daylight savings time has been with us
For many and many years now
It’s time that someone has told us
About the where, the why and about the how
Where the heck do they put it?
Once they’ve saved all this light
And how in the heck do they move it about?
Do they move the light in the dark of the night?
Do they move it in light pickups?
Which would seem most apropos
Or does it require heavy trucks?
Because a lot of light is heavy, you spose’?
Where is this place where all this light is stored
There must be a place that one can find
But don’t try to find it, to you, this I implore
if you do, wear good shades, so’s not to go blind
There’s something silly about this saving light
Seems like a prank, someone would do as a lark
So could someone please enlighten me,
I feel totally left out in the dark
poem by David Whalen
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