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Avoidance. stem from fact that most americans are scheduled to receive far more in medicare benefits than they have paid in medicare taxes. you cite a shocking stat to back it up. a couple earning average wages who retired in 2010 paid $88,000 into medicare. including the employer portion by the way that they didn t pay. that couple will receive benefits worth $387,000. david, medicare is the biggest driver of our debt how do we fix it? should it be voucherized ala paul ryan? what s the solution? that includes premium, it includes inflation, it includes all the things that a good calculation would include. and so basically the problem is to some extent is we re all takers, right? you hear this whole notion of makers and takers, the reason we have a deficit is on average we re takers, we re getting more from medicare than we re paying in. while the deficit in the medium term seems to be under control ....
Leonhart, the washington, d.c., bureau chief for the new york times and also author of a must-read great new ebook called here s the deal. welcome to the show. in your book thank you. great to be on. you argue we have come to believe a story about the deficit that isn t true. you write, looming deficits seem to stem from weak-willed politicians, wasteful government programs that do not benefit us, and tax avoidance by people we have never met. in truth, the coming deficits stem above all from the fact that most americans are scheduled to receive far more in medicare benefits than they have paid in medicare taxes. you cite a shocking stat from the urban institute to back that up. i want to give my viewers this. a couple earning average wage who is retired in 2010 paid $88,000 into medicare, including the employer portion, by the way, that they didn t pay. that couple will receive benefits worth $387,000. david, medicare is the biggest ....
Every school. for them. for all of us. vote yes on thirty-eight. steve: quick headlines for you. it s being called the largest cyber attack against a state tax agency in the nation. 3.6 million tax returns from as far back as 1998 hacked in south carolina. the breach exposing social security numbers and about 387,000 of our credit card numbers. great. you re looking at an incredible new time lapse video showing sandy strike on new york city. it features the intensity of the wind and rain and water at the exact moment that the power goes out. look at that. there it goes out in lower manhattan. a lot of places, it is still not back on. gretch, over to you. gretchen: interesting topic here, moms forced to juggle jobs and taking care of their kids are taking new steps to get it all done. they re actually popping a pill ....
What are the costs and how do they compare to a traditional mortgage? how is the government involved? and what is your responsibility after you get your reverse mortgage? the answers are all in this free dvd. a reverse mortgage could be a smart, safe and secure option that could help you pay off your original mortgage, manage your health care costs or just cover your day-to-day expenses. so call this toll-free number and let me send you your free video right now. [ .] gretchen: fox business alert for you. the labor department releasing brand-new weekly jobless numbers. 386,000 first-time unemployment claims were filed last week. that s down from 387,000 the week before. but higher than expected. the first quarter, gdp remains at 1.9. for instant analysis, eric ....
Market, today we learned new disappointing job numbers and in the last few hours moody s downgrades five u.s. major banks. what does it mean to you? so what does it mean for everybody? it s not good news. you hear now perhaps we aren t going to have recovery in the economy for quite some time. what we saw today was bad news on housing, bad news on manufacturing. the jobs market was not good either. the weekly jobs up 2000. about 387,000 for the week, that s not positive. we have the banks getting downgrade at the end of the day by moody s. 15 banks, including five big ones. really bad news, and on top of it in the middle of the day goldman sachs told its client to sell stock. if you are in my hometown of appleton, wisconsin, and you are watching and you have a family of three, the husband and wife both work and you hear this news, what does it mean for ....