|The Jack Wade Show||
Hey, did you say that it's your you know what?
These days in the USA, if you’re middle class, chances are it's your life savings. Thanks to corporate greed, pensions are gradually becoming a nostalgic memory. As if that's not bad enough, many soon-to-be retirees lost a good portion of their 401Ks when they panic-sold during the 2008 financial crisis. You remember 2008, that's when Wall Street and the banks were bailed out and us ordinary, small enough to fail common folk were left to drown....oops, I mean fend for ourselves.
As if all of the above isn't bad enough for an older person's fiscal health, and if it didn't totally wipe out his or her life savings, a major illness will probably get the job done. In the good old USA,
bad physical health causes bad fiscal health. Although being insured is better than not being insured, in many cases health insurance, Medicare included, doesn't fully cover the medical expenses of a serious illness. One illness can wipe out your life savings or cause bankruptcy.
In many enlightened countries, getting sick doesn't mean going broke because they have nationalized health care that covers just about every contingency. In many enlightened countries, people can retire with dignity. Not so here because our country seems to put corporate profits
before the well being of its citizens. Case in point being the constant attacks on Social Security and Medicare that corporate owned electeds refer to as “entitlements.”
The bottom line is that our country has finally devolved to the point where it, comparatively speaking, not only has few social safety nets, but has electeds that want to either cut or take them away. The question of the day is, are we going to stand for that?