Reading some of the comments here is like the twins in the old Certs breath mint commercial "Certs is a breath mint", "No, Certs is a candy mint" "No, stop - you're both right". Republicans and Democrats are right - both parties have killed America. From Bubba Clinton's financial deregulation, NAFTA, Greenspan, and the H1B explosion, to Bush/Obama's Global War Anytime initiatives and Wall Street bailouts and the TPP. The Dot.com and housing bubbles, and zero percent interest rates to Fed purchases of Wall Street toxic derivative mortgage garbage that Wall Street themselves created. To immigration reform that goes nowhere without insuring fat profits for some sector, a thousand military bases all over the world, the highest number of prison inmates of any country, a major nuclear weapons upgrade and total communications surveillance. But the only thing the elite Dem and Repubs can think about is cutting Social Security and SS Disability, under-funding pensions, screwing retirement savings in favor of Wall Street, and keeping the health care system under control of the insurance companies and Big Pharma.
To those criticizing Mike Duffy for not saving enough money: He has a disabled son
minneg56Feb. 2, 2014 1:04 PM
Some posters have judgementally suggested that the subject of the article should have saved / invested money earned from a 6 figure income over a number of years. What these naive posters don't factor into the equation is the Duffy's raised a disabled child. Those naive enough to believe their health insurance took care of everything? Well, as a parent who has raised a disabled child to adulthood as well, I can tell you the Duffy's resources were likely diverted to covering the enormous gaps in insurance coverage and delays in reimbursements to the Duffys for out of pocket expenses for additional care and accomodations. If they tried to enrol thier son under state coverage during the 'higher income years' it would have been on a sliding income scale. So while Duffy was working for the higher income, much of what he earned would have gone to pay for that as well. I can also say it is likely that if the Duffy's son was on the company health insurance plan, as Mr. Duffy was exiting his long time job he was likely getting a pretty 'hearty push out the door' from the employer - who knew his family insurance needs for their son's disability was also was driving up the company insurance premium. Don't think this doesn't happen because it does EVERY DAY! Further, once Mr. Duffy lost his job, he likely lost his access to reasonably priced health insurance (if there is such a thing). Oh sure, there's COBRA which simply means you can retain your insurance at STREET RATE for 18 months - not at the much lower cost company subsidized rate you get while you work with the employer. I don't care what you used to make - try paying 'street rate' for health insurance under COBRA with NO JOB? Well, I hope nobody else ever has to give it a try. Until you've been there ... you'd never know. Again, the Duffy's have all my respect.
Happy as an older school bus driver
nppd03Feb. 3, 2014 12:21 AM