Another day older - Another day wiser

Pay attention, your not getting any younger you know. 

About the all important presidential election tomorrow:

    The following is not my quote but it certainly says it all;   A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury.  After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.

        If you just remember, before you vote, Obamacare is unsustainable.  The Obama government would much rather have the government be the only supplier of insurance.



France:

Dependency: a ticking timebomb

 The problem of the aging population and people’s future dependency needs is not being addressed sufficiently by the state, associations helping the elderly fear. Private insurance is increasingly popular
THE ticking demographic time-bomb of France’s increasingly aging population and its dependency issues urgently needs to be addressed by the state, warns a federation of associations which aid the elderly.
FNAPAEF says the vital issue of helping people fund their dependency needs in old age is “dormant” as the state focuses on what it sees as more pressing issues, such as the economy.
As a result more and more people are taking matters into their own hands with private insurance against the day when they may be old and frail and in need of extra help at home or a care home place. 
 Such policies may give added peace of mind. However FNAPAEF president Joëlle Le Gall said the state must take the problem in hand. It was prioritised by the Sarkozy government before being dropped in 2011. The new Elderly People and Dependency Minister Michèle Delaunay has merely spoken of a law “before the end of the first half of the presidency” [ie. the end of 2015], and even of “responses this decade”.
Ms Le Gall said: “We’re not against someone taking out private insurance as long as it’s a complement, to make themselves more secure, but we don’t want this to be the main solution for financing an elderly person’s dependency needs.
“For a start, if a person today takes out a policy it’s hard to predict what his or her needs will actually cost in a few decades time, so there is uncertainty; plus in most cases the amounts paid will be far from adequate. Today the average cost of a retirement home for dependent elderly people is 2,200 per month and if you want to stay in your own home - a lot of people’s first choice - if you need a lot of help with daily life you are looking at €5-7,000 per month to cover all your living costs.”
For those who do wish to provide for their old age, an assurance vie (a popular form of long-term saving) is an alternative to the specialised policies, she said.