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(JSOnline)   Beware, the "Silver Tsunami" is about to strike. In 2008, the first wave of a generation 78 million strong will hit the Social Security system   (jsonline.com) divider line 181
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8907 clicks; posted to Main » on 01 Jan 2008 at 5:04 PM (7 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-01-01 05:27:25 PM  
holeinmybucket meet filter, filter, meet holeinmybucket, again.
 
2008-01-01 05:28:12 PM  
TommyymmoT: Before asshole took office, there was plenty of left over money to finance social security.

I'm 50, and I've been paying into it (against my will, I'd rather I invested it myself) since I was 16. That's 34 years.

It's MY damned money that I trusted them with, and I want it back.

I don't want to hear any BULSH*T when I'm 65, that I somehow have to qualify for it, as if I were applying for welfare.


HAHAHAHA you're blaming BUSH?!?!? Blame FDR grandpa
 
2008-01-01 05:28:31 PM  
I thought the tag said "Silver Tsalami".

/Just me I guess.
 
2008-01-01 05:28:53 PM  
lol... love you guys.... Boobies..
 
2008-01-01 05:28:58 PM  
I've heard that there is "no such thing" as a social security fund. The money is gone, and spent on government programs (military, welfare, Haliburton, whatever).

The people paying into social security are directly paying people's social security paychecks. Whatever is left over is immediately diverted to other government beaureaucracy. There is no "fund", or savings. In essence it's a pyramid scam that will start to fall apart as people start living longer.

Is that correct?
 
2008-01-01 05:29:43 PM  
I do believe that Mark Russell had it right when it came to the Baby Boomers and Social Security, just don't pay them.... simple as that.
 
2008-01-01 05:29:46 PM  
More scare tactics. There won't be a problem because NO ONE without a bunch of savings or else a disability will retire directly at 65. They'll keep working. It will all be fine. I personally plan to work until I just can't anymore. I goofed off when I was young and could enjoy it, I'll pay on the back end. Why be old and suffering on MY time when I could do it at work where I already suffer?
 
2008-01-01 05:30:01 PM  
I'm already putting money into an IRA, and I'm 23.
 
2008-01-01 05:30:48 PM  
We need a silver tsunami graphic. Any photoshoppers out there?
 
2008-01-01 05:31:41 PM  
But what about the part where they mentioned that the guy was making copies of his music to listen to on his trips?

I mean, come on! The RIAA needs to go after this guy. He is hurting their sales.
FU^&IN Boomers!

//head re-asplode
 
2008-01-01 05:31:46 PM  
Fark social security. I have lottery tickets.
 
2008-01-01 05:32:42 PM  
Pegasus_CAG: Good thing the country is in a sound financial position to support the cost.

While sarcastic, this statement is the reason the system should be shut down and not replaced. That's right, I said it. Shut right the fark down and not replaced.



That and government owned poorhouses. Yeah that should do it! The whole SS idea was stupid to start with.

"Poor farms were county-run residences where paupers (mainly elderly and disabled people) were supported at public expense. They were common in the United States beginning in the middle of the 19th century, and declined in use after the Social Security Act took effect in 1935, with most disappearing completely by about 1950."
Link (new window)

www.poorhousestory.com

Poor House Story (new window)
 
2008-01-01 05:32:59 PM  
i like boobies
 
2008-01-01 05:34:38 PM  
Pegasus_CAG: Good thing the country is in a sound financial position to support the cost.

While sarcastic, this statement is the reason the system should be shut down and not replaced. That's right, I said it. Shut right the fark down and not replaced. Prepare for your own retirement and quit planning on living off of the government teat. I'm looking at you teenagers and twenty-somethings. Make the smart financial decisions that so few of your parents and grandparents refused to make.



You have learned nothing about how Americans really are. Given a choice between spending, and saving, they will spend. They will borrow in order to consume. They will remove equity in their homes to consume. They will use credit cards to consume. they will take sub-prime ARMs and zero-down mortgages to live in homes now (and bigger homes than they need), rather than save for five years and properly finance a normal home later. This behavior might be getting worse. this generation is more prone to this behavior than the previous one, etc.

and that, ultimately, is the real problem with free-market libertarian ideals. They assume people are some other way than how they have been repeatedly demonstrated to be.

You can go ahead and scrap Social Security....and the populace will just put it back again, under some other name. They will take the word "social" out of it, so conservatives will stop wetting their pants about it and fearing communists or hippies or some other boogy-man.

Social Security is fine the way it is. It is state-ordered saving for retirement. Most all financial expert agree that the voluntary saving that Americans do is pathetically tiny, even amongst those that say they don't think social security will be there to save them.

It would stand to have the starting age increased (since we live so much longer).

some idealist will say Social Security has caused this kind of behavior. There is no proof either way, just belief. Faith. It doesn't matter one way or the other.
 
2008-01-01 05:34:46 PM  
It's a myth that the Social Security system is threatened with insolvency. It's sound 40 years out. By which time the Boomers will be long dead.

Belly-ache about something else.
 
2008-01-01 05:35:36 PM  
Social security = New Orleans levee system; Baby Boomer retirements = Hurricane Katrina.

This will end well.
Or perhaps it could end with us throwing all the elderly INTO a well, hmmm?
 
2008-01-01 05:35:57 PM  
now you're playing with me...
 
2008-01-01 05:36:03 PM  
holeinmybucket: sorry... losing it on jan 1....

Try the Scratchpad thread. You can test out the filter all you like.
 
2008-01-01 05:37:03 PM  
Social Security is fine. Or it would be, if we'd quit spending its fund on other shiat.

Republicans decry Democrats as "tax and spend," but the current "spend and spend" tactics of the right are abhorrent. At least if you're collecting a tax to pay for something, the public can get rightfully indignant about government excesses. When this Republican government just spends money they don't have or money from different funds, they get to delay the problem and pin it on the next wave of Democrats that'll be forced to actually collect some money to pay our debts.
 
2008-01-01 05:38:00 PM  
I think I rented a porn once called "Silver Tsunami" ... or was it "Manchowder Monsoon"?
 
2008-01-01 05:38:17 PM  
Good news if you're in the 38-45 age bracket: just as you're hitting your peak earnings. you'll get to pay the highest SS taxes ever, and the *optimists" expect the system to become insolvent about the time you retire.

Luckily, we've had close to a decade of top-notch financial stewardship, and we've been smartly buying up foreign assets, even if it means sacrifice at home, such as driving smaller cars and keeping them longer, and wise, conservative management of our financial markets.

This, combined with the reputation that we've built up for realistic foreign policy, and the massive investments we've made in education and childhood health care pay off through our children entering the workplace ready to take on competition from any nation. Their increased earnings will give us a sound financial cushion to reduce the impact of millions of retirees entering their golden years.

(... sigh.. if only!)
 
2008-01-01 05:38:22 PM  
soze 2008-01-01 03:09:17 PM
Great!

Does that mean they'll finally be letting their gnarled hands go of some jobs now?


Here's what you really lose with us "Boomers" retiring:

Link
 
2008-01-01 05:40:56 PM  
TommyymmoT: Before asshole took office, there was plenty of left over money to finance social security.

I'm 50, and I've been paying into it (against my will, I'd rather I invested it myself) since I was 16. That's 34 years.

It's MY damned money that I trusted them with, and I want it back.

I don't want to hear any BULSH*T when I'm 65, that I somehow have to qualify for it, as if I were applying for welfare.


You're 50 and this is the best argument you can come up with? The government has been farking with social security since at least the days of LBJ. This administration has not helped, but everyone has been using SS as a slush fund for almost 40 years

I have a totally different perspective. All that money I have paid in so far? Keep it. Stop taking deductions from my check and keep what I've paid in. I will never see it anyway and a Growth & Income Mutual Fund would pay out far better on my money.

Biggest scam in history.
 
2008-01-01 05:41:09 PM  
TommyymmoT: Before asshole took office, there was plenty of left over money to finance social security.


I hope you realize the "asshole" was Lyndon Johnson, who moved SSA funds into the general pool for spending. And anyone who believes in a SSA lock-box or trust fund, should contact me about the ocean front property I have for sale in Kansas
 
2008-01-01 05:41:11 PM  
rewind2846: Because instead of the good jobs the boomers had (good pay, benefits, pensions, health insurance, company loyalty, etc.), these 'new jobs' are shiat. Fewer and fewer have health care benefits, the pay is shiat, no pensions, no company loyalty, just do your eight and hit the gate (if you're hourly) or work the shiat out of you until you die for nothing (if you're salaried). Employers have no problem (and in some cases relish the task) kicking your ass to the curb if it means an extra penny for the stockholders.

What the fark good are 1000 new jobs if they pay less than half of the 500 old jobs that went away?


What the fark are you talking about. Haven't you heard that we are out sourcing all those jobs? Have you call Dell lately? All the low paying shiat jobs are being exported, all the ones we cant export (read farming) we got illegals for.
And loyalty from the company? How about loyalty from the employees??! I know I did not have any when I was getting a paycheck from someone else! And now I get to enjoy watching employees stab me in the back. The enjoyment is watching them crawl back. Which happens more times then not. You think bosses enjoy kicking you to the curb? After all the time and money they put into your sorry arse you think that want to throw that away?!? They would much rather straighten your arse out then hire someone else
 
2008-01-01 05:41:54 PM  
sombreradoraloca: I'm already putting money into an IRA, and I'm 23.

better late then never
 
2008-01-01 05:43:39 PM  
gr8199: soze 2008-01-01 03:09:17 PM
Great!

Does that mean they'll finally be letting their gnarled hands go of some jobs now?

Here's what you really lose with us "Boomers" retiring:

Link


From the link: "This outflow of competent workers also opens up many new job opportunities, even during a time when the economy is not growing."

Guess the gnarled hands comment was on to something.
 
2008-01-01 05:44:14 PM  
You young farkers keep on workin' so I can keep on collectin'
I plan to live long after I get back what I paid in.
 
2008-01-01 05:44:46 PM  
I tell my niece (20) all the time to start an IRA now... maxing it out ($2,000) every year with only a measly 7% return (worst case), she'll be a millionaire before she can collect social security... if it still exists...

But young'uns don't think that far ahead...
 
2008-01-01 05:45:23 PM  
Kid: "Stupid senior citizens. Why should we have to pay for their social security benefits?"
www.gotfuturama.com
[Time skips]
Same kid as senior citizen: "I deserve free money!"
 
2008-01-01 05:47:16 PM  
FDR had a good idea.
Our government did not take care and nurture that idea properly. Instead, they drained and butchered the system to fatten their own pockets.
So people in government work as little as 20 hours PER YEAR, and make 50k PER YEAR doing it. WITH PERKS.

WTF?????????????

Dont blame Bush, dont blame FDR. Blame the asshats who raped it.
 
2008-01-01 05:48:31 PM  
TommyymmoT: Before asshole took office, there was plenty of left over money to finance social security.

I'm 50, and I've been paying into it (against my will, I'd rather I invested it myself) since I was 16. That's 34 years.

It's MY damned money that I trusted them with, and I want it back.

I don't want to hear any BULSH*T when I'm 65, that I somehow have to qualify for it, as if I were applying for welfare.


Yes, but your peers voted things to be this way, and just because you want it doesn't mean it can be reasonably provided.

Your generation voted, this is what you get.

Correction, there will be nothing for you to collect. There are many, many pissed off young professionals who see

1) the lack of well-paying jobs not in middle/upper "management", 2) high debt loads (federal, corporate and private), and
3) your collective actions as selling-us-the-fack-out

...and not only is it practical to make you work until you're 75, but you do not pass go, do not collect even a $600/month check. Betcha want health care too? Too bad you privatized and broke that system along the way as well.

The unfortunate part is that the AARP is a powerful voting bloc. Like Catholics, Fundies, mormons...whatewver.

This will not end well.

/you built more prisons than schools
//your broke ass turns to crime guess where you go
 
2008-01-01 05:51:14 PM  
rooftop235: FDR had a good idea.
Our government did not take care and nurture that idea properly. Instead, they drained and butchered the system to fatten their own pockets.
So people in government work as little as 20 hours PER YEAR, and make 50k PER YEAR doing it. WITH PERKS.

WTF?????????????

Dont blame Bush, dont blame FDR. Blame the asshats who raped it.


FDR wanted SS to end. Too bad he did not write that in! His Fail. He should have never given them the shiny to play with
 
2008-01-01 05:58:05 PM  
yay government law that requires i pay into a retirement program.

:/
....lame.
 
2008-01-01 05:59:50 PM  
Social Security is the idea that we should depend on the... Government? For Money!?

HAHAHAHAHAHA!!!1!eleventyone!
 
2008-01-01 06:07:12 PM  
Canada solved this problem already -- change the rules to allow SS to invest in commercial enterprises instead of limiting them to treasury bonds:

http://www.cppib.ca/
 
2008-01-01 06:12:23 PM  
dbaggins: I predict "Silver Tsunami" will be on the 2008 lists of overplayed media buzz words. Farkers will come to hate loathe the term well before the end of the year.

i''ll join you in that prediction
 
2008-01-01 06:13:35 PM  
rooftop235: FDR had a good idea.
Our government did not take care and nurture that idea properly. Instead, they drained and butchered the system to fatten their own pockets.
So people in government work as little as 20 hours PER YEAR, and make 50k PER YEAR doing it. WITH PERKS.

WTF?????????????

Dont blame Bush, dont blame FDR. Blame the asshats who raped it.


what kind of job lets you work 20 hours a year?
 
2008-01-01 06:14:46 PM  
jdawg3k: Canada solved this problem already -- change the rules to allow SS to invest in commercial enterprises instead of limiting them to treasury bonds:

http://www.cppib.ca/


So which do you think you would hear more? 1) Corp Welfare or 2) POTUS is just paying off his cronies
 
2008-01-01 06:14:58 PM  
Pegasus_CAG: Good thing the country is in a sound financial position to support the cost.

While sarcastic, this statement is the reason the system should be shut down and not replaced. That's right, I said it. Shut right the fark down and not replaced. Prepare for your own retirement and quit planning on living off of the government teat. I'm looking at you teenagers and twenty-somethings. Make the smart financial decisions that so few of your parents and grandparents refused to make.


The government teat? Bwahahahahhaaaa. Don't you mean the "money the government forcibly jacked from your paycheck your whole life"?

I think you don't understand Social Security.
 
2008-01-01 06:15:52 PM  
I will be in just about the last wave of boomers. Please breed faster and more often so that they can pay more taxes to fund my social security (if it exists then).
 
2008-01-01 06:16:31 PM  
god, I can't wait until us now young farkers can vote the social security blanket out from under those old bastards and take away every penny of the money they haven't earned.
 
2008-01-01 06:17:36 PM  
groovyjman21: ///yes, there is in fact solid legal basis for a class action suit against boomers for colluding to loot the treasury

I'm not sure you're clear on the meaning of the phrase "in fact." It does not, in fact, mean "in the parallel universe I have imagined while on acid."
 
2008-01-01 06:18:17 PM  
What's with all this Soylent Green talk anyway? I'm not saying it doesn't fit, but I think Logan's Run fits better, even if they were offed at an earlier age. Still would have taken care of this problem.
 
2008-01-01 06:25:30 PM  
sp0rk_of_psychosis:

Yes, but your peers voted things to be this way, and just because you want it doesn't mean it can be reasonably provided.

Your generation voted, this is what you get.

====================
What the hell are you talking about? MY generation?
==============
Correction, there will be nothing for you to collect. There are many, many pissed off young professionals who see

1) the lack of well-paying jobs not in middle/upper "management", 2) high debt loads (federal, corporate and private), and
3) your collective actions as selling-us-the-fack-out

...and not only is it practical to make you work until you're 75, but you do not pass go, do not collect even a $600/month check. Betcha want health care too? Too bad you privatized and broke that system along the way as well.

=========================================
I privatized it? You must be thinking of someone else.
=====================================
The unfortunate part is that the AARP is a powerful voting bloc. Like Catholics, Fundies, mormons...whatewver.

This will not end well.

/you built more prisons than schools
//your broke ass turns to crime guess where you go
========================

Yeah, whatewver. I protest the prison industrial compex every chance I get, as well as the systematic closing of mental health facilities that dumps many people on the streets, only to be homeless, imprisoned, or generally danger to themselves and others.
Don't blame me personally, I wasn't allowed to vote until 1975, I was one of those facing the draft, for the oh so successful Vietnam "police action", to stop the boogie man du jour, "the red menace", that held signs that read "old enough to kill, but not to vote".
=======================
Inyego: TommyymmoT: Before asshole took office, there was plenty of left over money to finance social security.


I hope you realize the "asshole" was Lyndon Johnson, who moved SSA funds into the general pool for spending. And anyone who believes in a SSA lock-box or trust fund, should contact me about the ocean front property I have for sale in Kansas

===============
Yeah, I was around for that. I saw him pick up puppies by their ears, and I heard the chants of "HEY HEY LBJ, HOW MANY KIDS DID YOU KILL TODAY?"

The fact still stands, that when Clinton left office, there was plenty of money left over to bail out social security, but that would have interfered with Cheney's stock shares in Halburton going up by 3000%.

If you agree with the way this administration has been running things, do the world a favor, and kill yourself before you reproduce.
 
2008-01-01 06:36:55 PM  
Can we ban holeinmyass now?
 
2008-01-01 06:38:21 PM  
WELFARE-TO-WORK (new window)might work. If anything, it will give the jobs to Americans. You have illegals taking the jobs, and paying into Social Security now, while living in Public Housing (if they drop a frog on Amarican soil). So which is better? Having an illegal payonto the system and never collect, or a professionally unemployed Shuaneekwa and her brood greeding it all up and never paying in? Work and receive is the good balance, but we have people tipping both sides of the scale and the republicans are only screaming at one side. I don't hear anyof them trying to dismantle section 8 housing. That's the modern Poorhouse (new window)
 
2008-01-01 06:41:20 PM  
I just turned 50, worked all my life and.....

I'll see a Vulcan before I ever see a SS check...

/same for you
//if close to my age
 
2008-01-01 06:46:29 PM  
rewind2846: I tell my niece (20) all the time to start an IRA now... maxing it out ($2,000) every year with only a measly 7% return (worst case), she'll be a millionaire before she can collect social security... if it still exists...

But young'uns don't think that far ahead...


I'd like to but I currently don't have that much spare cash. Or any spare cash. I'm all about squirreling away resources though.
 
2008-01-01 06:46:46 PM  
"The fact still stands, that when Clinton left office, there was plenty of money left over to bail out social security, but that would have interfered with Cheney's stock shares in Halburton going up by 3000%.

If you agree with the way this administration has been running things, do the world a favor, and kill yourself before you reproduce."


-right on, tommyymmot.

absolutely right farking on.
 
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