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OpEdNews Op Eds    H3'ed 7/30/19

Bernie's Plan to Address the Retirement Crisis: It's Good That It Exists. But Not Nearly Enough to Solve the Problem

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No one -- again, not just senior citizens -- should go hungry in this, the richest nation on the planet. It's simply a matter of reallocating resources from the super wealthy and lawbreaking corporations to individual people who need them more.

The average bank savings account pays 0.1%. Bernie's 15% cap on credit card rates doesn't go nearly far enough. How about 1%? Banks would still make a profit.

My takeaway: Bernie Sanders deserves credit for trying to turn the looming retirement crisis into a 2020 campaign issue. It's long overdue. His plan is detailed, plausible and stands head and shoulders above his rivals merely for existing.

But it's weak tea. Even if it were enacted in its entirety it would still leave millions of Americans in coming years homeless and living in abject poverty. It doesn't address the primary problem: paying for nursing home care that currently runs over $7,700 per month.

I wish progressives like Sanders would take a cue from President Trump in political negotiations: ask for the stars and you might wind up with the moon. Compromise with yourself in anticipation of your rivals' complaints, ask for the upper atmosphere and you'll likely get nothing much at all.

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Ted Rall, a political cartoonist, is the author of "The Anti-American Manifesto." He was born in Cambridge, Massachusetts in 1963, raised in Kettering, Ohio and graduated from Fairmont West High School in 1981. His first cartoons were published (more...)
 

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