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They got a bonus, my mom lost 1/2 of her pension today

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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:04 PM
Original message
They got a bonus, my mom lost 1/2 of her pension today

My mom is 84 and lives alone. She owns her home she has lived in for over 60 years. It has a dirt basement. It is over 100 years old and not in great shape. She has Social Security and a small pension. The amount she collects is adjusted each January to reflect the changes of the balance of the fund. With stocks down, it went down. She went from $253 a month, down to $122. There went the increase in her Social Security and more. It will be a frugal year.

The bastards that caused all the mess got bonuses and bailouts. AIG, Bank of America, etc. They get to party. Maybe they will invite my mom to a retreat too?

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blueknight Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:11 PM
Response to Original message
1. just horrible OS
i really feel for the old people in this country that worked all their lives, only to get fucked by the neocons. a elderly lady (77 years old) in my town now works 40 hours a week at wendys to pay for her medicine. the united states should be embarressed
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havocmom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:13 PM
Response to Original message
2. Won't be surprised when some 'gray panthers' starte metting out real justice
Those who have nothing to lose and not long to live could become a rather activist group.
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tbyg52 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-31-09 08:03 PM
Response to Reply #2
8. I would be very appreciative if they did that. nt
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knitter4democracy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:21 PM
Response to Original message
3. My dad told me that he lost almost a third of his retirement.
Pretty much in one fell swoop. He's livid and said they're looking at downsizing as best they can to survive the long haul.
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bertman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:35 PM
Response to Original message
4. Thank you for putting this travesty into perspective, Omaha Steve. Rec.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-30-09 09:37 PM
Response to Original message
5. You know when they're discussing the bonuses, they
Edited on Fri Jan-30-09 09:38 PM by malaise
mention the tax payers bailout money but they don't mention the amount of persons who are losing their pensions while these criminals give themselves $18 billion in bonuses.

What a fugging mess.

add
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Omaha Steve Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-31-09 07:59 AM
Response to Original message
6. Mom worked in a hospital

She worked in the decontamination (cleaned laundry, washed & sterilized bed pans, etc.) unit. When they started building a new one to replace it, she gave up part of her pay to help finance it. She did get her name on a plaque for doing it. The money she gave up didn't earn her a credit on her pension. They could have at least counted it toward her pension.

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JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-31-09 08:01 AM
Response to Original message
7. Now they are in the process of devaluing the world's currencies to cover these debts...
It's not increased liquidity, it's wholesale devaluation across the board. Everyone will be wiped in 1/2 when it's done.
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