Social security may be just fine
One of the most important goals of both Republicans and the financial services industries is the privatization of social security. To that end they continually predict that SS will be bankrupt by such and such a date. Those predictions are based on various assumptions one of which is life expectancies. Well it looks like those predictions might be wrong but not for the reasons normally provided by supporters of SS. For the first time life expectancy fell for a significant proportion of the US population. It sounds heartless to say it but if this trend continues SS will be just fine. A big part of the reason for the decline in life expectancy seems to be related to the obesity epidemic. The possibility of this happening was predicted a few years ago but now we seem to be getting confirmation that it is actually happening.
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References -

It was the fact that we're going to move from a yearly surplus to a yearly deficit, and we'll have to finance this out of general revenues.
--It's impossible to debate if people simply hold beliefs that have no grounding in reality.
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)i.e. growing inequality + stagnation for many. Recently I've seen a study that placed the biggest dividing line amongst the educated vs. uneducated. This ties in since education level is correlated w. income level.
... from a recent CBO study on the issue:
Why Is the Gap Increasing Across
Socioeconomic Groups?
The growing differences in life expectancy in the United
States are well documented, but why they are increasing is
less well understood. Possible factors contributing to the
increase include the following:
in smoking-related diseases explain at least 20 percent
of the increasing gap in life expectancy between
groups with different levels of education.
among the less educated and could now explain part
of the widening socioeconomic gap in mortality
rates.
treatments and therapies is higher among the more
educated.14 The role of self-management, particularly
in the case of chronic diseases, may have increased
over time.
diet, exercise, and other healthy behaviors may be less
prevalent among groups with low income and less
education, and some measures suggest that the disparity
is increasing over time. In addition, since the mid-
1990s, the gap in health insurance coverage between
low- and high-wage workers has been growing and has
been accompanied by a widening gap in access to
health care services as well.
Complicating any analysis of income, education, health,
and mortality is the fact that poor health itself has been
shown to be a cause of lower income, either because it
can inhibit educational attainment or because disabilities
can limit work opportunities. If those effects have
grown larger over time, that could help explain the
observed relationships between socioeconomic status
and mortality.
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)But of course if obesity is good for SS, it's bad for Medicare. Diabetes is one of the more expensive diseases to treat.
--More Wagster!
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)Sad but true.
--It's impossible to debate if people simply hold beliefs that have no grounding in reality.
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| parent )by paying insurance premiums, and not staying around to collect on policies. I've forgotten the exact cite, but together with paying tobacco taxes, it has been been calculated that smokers pay a significant amount more into healthcare in France, even after treatment for smoking related diseases has been taken out in the calculation.
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| parent )