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(Minneapolis Star Tribune)   Medicare program funds will be wiped out by 2019, Social Security by 2041. Thank goodness baby boomers are living their dreams while sucking the country dry   (startribune.com) divider line 259
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5834 clicks; posted to Main » on 25 Mar 2008 at 8:34 PM (6 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-03-25 10:43:35 PM
YoungSwedishBlonde: nocens

Well, they're pro-life only up until they're born.

Interesting angle that torquestripe took though. Glad to see he thinks that God sees babies the same way our government does, purely sources of tax income.


Huh!
 
2008-03-25 10:44:19 PM
My own personal example illustrates my frustration with the system:
My father-in-law is one of the most honest, decent people you could know. He is concerned with his childrens' and grandchildrens' welfare almost to a flaw. That fact has driven him to conclude that his best course of action is to disperse his estate (he's not rich, but comfortable) so that he can qualify for government benefits and leave more money to his kids.

That attitude is at the core of this problem. As long as me and mine are taken care of, to hell with the rest. I suspect that almost everyone on SS or Medicare would be happy to go without (or at least with less) if it meant a better situation for their own family. Parents do that sort of thing. But spread it out so that the "government" is paying and suddenly we all want the very best. Not to threadjack too much, but this is also what scares me about national health care. Government programs are just too hard to scale back once the purpose has been served. And God help us when a poorly conceived entitlement gets passed by Congress. You can't ever get rid of those.

/I'm not against government program for those who truly need it. I'm against wasteful programs that target overlarge segments of the population who don't really need it (or shouldn't need it; or maybe wouldn't need it if the government didn't already make the promise and then raise taxes for it).
 
2008-03-25 10:48:26 PM
Lorelle: STFU, Subby. We Boomers have been paying into S.S. for decades.

Let me do a little simple math for you.

The boomers could produce 2 apples per year until they retired. The boomers put in 1/2 an apple to the magic food pot.

The boomers children, because there were far fewer of them, could only produce 1 apple per year. The boomers children also put 1/2 an apple into the magic foot pot.

Who's getting screwed?
 
2008-03-25 10:53:12 PM
BMFPitt: Fecacacophany: No, silly!! We burn them for fuel.
/humans - the renewable resource!

Too much pollution. I hate the smell of burning old people in the morning.



Yea, but think of all the titanium we could recycle from the joint replacements.

A lot of money going to waste sticking that shiat in the grave.
 
2008-03-25 10:53:24 PM
boot20: Lorelle: STFU, Subby. We Boomers have been paying into S.S. for decades.

Let me do a little simple math for you.

The boomers could produce 2 apples per year until they retired. The boomers put in 1/2 an apple to the magic food pot.

The boomers children, because there were far fewer of them, could only produce 1 apple per year. The boomers children also put 1/2 an apple into the magic foot pot.

Who's getting screwed?


well the children are putting their apples in the FOOT pot, its pretty obvious that you shouldn't mix apples and feet. who wants an apple with feet-juice all over it?
 
2008-03-25 10:54:48 PM
boot20: Who's getting screwed?

The oven. If you're going to cook apples, it's best to bake them.

/I'll be here all week
 
2008-03-25 10:59:28 PM
Social Security was set up largely as a result of the '30s - there were elderly with no one to take care of them and they were literally starving in the streets. No one would give them a job (why? They're old - business isn't responsible for that, they want young workers if for no other reason than they're better to look at) so they'd hover around dumpsters and beg.

Other than that they'd live with their kids.

So there are your options. Watch grandma starve or spend 25 years or so with Mom and Dad living with you. IMHO both suck.

As for private savings accounts - you're high on the Ron-weed, aren't you? One drop like what happened in 2001 (or 1990, or 1981-82) and a LOT of people aren't going to see their savings recover ever (what are you going to do when you're 64 1/2 and the market drops 1/4 or so of its value? Farks the financial planning right out the door). They'd just be farked. I know Fark is the land of financial geniuses who that could never ever happen to, that'd just happen to some "stupid person" somewhere else, but Social Security was set up to be a floor in case stuff like that happens (in the 30's people generally had savings on top of that, unlike now.

As for fixing it meaning OH NOES! NOES MONEY FOR USES EVAR! that's bullspit, so I'd recommend you put the cup of cool-aid down. Just raise the cap to $150,000. Problem solved by effecting less than 10% of the population of the US in a VERY minor way (and quite frankly what that portion's recieved from cuts in capital gains taxes, etc under El Presidente Bush II FAR outweigh what this would cost them.

But then it's fashionable to think this is a problem that can't be solved, and most farkers are sheep that can't be bothered to in many cases even read the article they're commenting on, so carry on your tearing of clothes and hair. Mayhap I'll go get you all some ashes and sack-cloth.
 
2008-03-25 11:01:18 PM
Actuaries had the baby boomer retirement calculated for until BushCo ran up trillions in debt. Go figure.
 
2008-03-25 11:05:43 PM
Lorelle: Your generation is truly among the most stupid in history if you think otherwise.

See You Next Tuesday
 
2008-03-25 11:05:53 PM
First off, Baby boomers aren't leaching the system dry. A lot of them can't even touch it yet, because they're not all 69.5 yet. A good chunk of them are living off their 401k they started at 40.

Secondly, Soc Sec is where it is because of the irresponsibility of our government, and the inability of the people to give a shiat to hold them to task. Instead of being invested in even the smallest of funds it was used as a slush fund - by everyone elected to any form of federal government - for the last 40 years. Run out of money, no problem, just use that we'll put it back.

Thirdly, baby boomers got just as farked as the rest of the generations are, some of us have just had time to prepare. BTW, 401k didn't exist until 1978, and by 1984 only 19,000 companies offered them. You can't just go open up your own 401k, you have to work for someone who offers the program.

Sure, there are IRAs, they came around in one form in the 50s, and are in the current form from a 1974 law. Also, you can only put a whopping $4000 or so (with new provisions if you're >50) but also, you have to be almost poor by today's standards. If you're married, you can't make more than $103K a year, or if you're single, you can't make over $62K. So there's a farked up system, you can only save $4000 a year, and basically have to be not making a lot of money to be able to even use it.

Now, there's the newer and fancier Roth IRA that charges you taxes on what you put in, the theory being when you retire you'll want to make less money in withdrawls so you'll pay lerss taxes then so tax it now. Your limits are higher, $99K and $150K for single/married, but again, contributions are limited to $5000 in 2008, now they do have provisions to increase this per year based on inflation.

What are your other options?

Well, your employer could provide a retirement plan. Yeah those of you
The thing you should know all you Gen X Y and Z folks (born in '71 represent) is that in 1960 when you went to work it was all sunshines and rainbows for you. You'd work for 30 to 35 years, retire with this pension thing from your only employer, and have this social security check to cover the rest. It wasn't until the late 70s that things started getting farked royally and that all changed. Expecting to baby boomers to just fark off and die because the system and the government failed them and us is more selfish than the 'me' generation.

Hell they even taught that in the 80s in my history and civics classes then. 401k's didn't really get 'vogue' until the late 80s/early 90s.

It doesn't matter on farking bit though because it's 'their fault' and you can make a graph or find a statistic to prove it, and only this one stupid thing you believe will fix it all if they'd just do x.

yeah, as c3p0 said. we're doomed.
 
2008-03-25 11:11:37 PM
Why is everyone so worried? Congress will eventually just pass a law allowing them a one-time money-grab from all outstanding 401k plans owned by the "rich" and that will shore up SS for a while.



Fairtax- so EVERYONE pays into SS. Even tourists.
 
2008-03-25 11:16:49 PM
tboucher: Instead of being invested in even the smallest of funds it was used as a slush fund - by everyone elected to any form of federal government - for the last 40 years. Run out of money, no problem, just use that we'll put it back.

That's always been a question of mine. Why is SS a general fund? Why was the money never invested, even in "safe" investments?

What are your other options?

To cry quietly in the corner?

It wasn't until the late 70s that things started getting farked royally and that all changed. Expecting to baby boomers to just fark off and die because the system and the government failed them and us is more selfish than the 'me' generation.

The problem is that the baby boomers not only want the money from the system, but they are willing to bankrupt the country because of it.

It's not my fault that I'm paying more and more to FICA every year for the past two decades. It's not my fault that the government can't figure out Medicaid, Medicare, or Social Security.

Yet, I'm the one getting screwed. Not only are the costs for EVERYTHING going up because of poor policies that BOOMERS put in place, but because BOOMERS keep making poor fiscal decisions.

yeah, as c3p0 said. we're doomed.

Ok, we can agree on that.
 
2008-03-25 11:18:17 PM
boot20: That's always been a question of mine. Why is SS a general fund? Why was the money never invested, even in "safe" investments?

Social Security may only be invested in US Government Bonds. That investment is what then goes into the general fund. We borrow the SS money at a 5% interest rate just like we borrow it from a granny buying war bonds back in WWII.
 
2008-03-25 11:24:45 PM
boot20:

Yet, I'm the one getting screwed. Not only are the costs for EVERYTHING going up because of poor policies that BOOMERS put in place, but because BOOMERS keep making poor fiscal decisions.


Yes, we boomers are so powerful that we put those policies in place without the help of any legislative body. We willed it and it was so!
 
2008-03-25 11:26:40 PM
Thank goodness upper income people have never paid Social Security taxes on all their income.
 
2008-03-25 11:31:33 PM
oldcub: Why is everyone so worried? Congress will eventually just pass a law allowing them a one-time money-grab from all outstanding 401k plans owned by the "rich" and that will shore up SS for a while.

Fairtax- so EVERYONE pays into SS. Even tourists.


I love the FairTax proposal. I'd rather save up for my own retirement since there would be no income tax.. think about it.. someone makes 50k now and they end up with let's say 38k (so 12k income tax for the year).. that 12k would be both saved and spent on goods.. if only consumers controlled the economy and had more money to spend.. hmm
 
2008-03-25 11:32:43 PM
Lorelle: What do you mean, "were?" Most of us Boomers are still in the workforce; the oldest among us have only started receiving S.S. retirement benefits since January of this year. I still have to work another 20+ years before I'm eligible to collect.

Your generation is truly among the most stupid in history if you think otherwise.


Hi, Lorelle. I've been thinking over the scribblings of the youngsters all evening, and looking at stats on the workforce.

Not only are there very few boomers receiving any SS, and not only are most of us still in the workforce, even at our very advanced ages (!) we still work more than they do (the Xers). We actually supported them (most of us) while they were college and gradeschool.

So they are ingrates, as well. I'm still waiting for one of them to mention the handful of reforms to SS that were voted in while boomers were apparently "in power."

The divide and conquer mentality is strong amongst them - and I realize they are very irritating.

But they're young - perhaps they're educable still?
 
2008-03-25 11:34:48 PM
SVX: This is how an empire falls. Not from the outside, but from within. Historians will be writing about us with amazement for a thousand years. Never in history of mankind has there been a nation state with so much power and wealth as this country had in 1945. Our decline from that point also knows no parallel. The decline of Rome was child's play in comparison. Our currency is still a "reserve currency" only through legacy. And that won't last much longer. Fifty years ago, only one currency on the entire face of the earth meant anything. Today, that currency is a quarter step away from being a "bongo buck". By the 100th anniversary of our victory in WWII, this country will be bankrupt and quite probably prostrate.

And we have no one to blame but ourselves. Republicrat? Democan? It doesn't matter. They are all equally corrupt, and equally culpable. They've taken the greatest nation state in the history of mankind, and turned it into a corrupt farce. If there were any justice, the entire leadership of the government would be arrested and brought up on charges of crimes against humanity. It's that bad.

Good thing that the generation that built this nation to unprecedented heights are going to die off before the final collapse.


There are plenty of countries that aren't first that are plenty nice to be a part of.
 
2008-03-25 11:35:10 PM
torquestripe: boot20:

Yet, I'm the one getting screwed. Not only are the costs for EVERYTHING going up because of poor policies that BOOMERS put in place, but because BOOMERS keep making poor fiscal decisions.


Yes, we boomers are so powerful that we put those policies in place without the help of any legislative body. We willed it and it was so!


You voted for it you stupid tool.
 
2008-03-25 11:38:30 PM
......and one of the first legal Ponzi schemes is about to kick the bucket in a decade.

Shouldn't this have the Obvious tag? At 23, I already know I'm not going to collect a farking cent of SS. At the most, I can at least aim for a semi-retirement when I'm 70 or so from my own fund I started about a year ago. Of course, that is assuming I live that long to begin with.

Face it: unless they raise the income cap for SS taxes or something, Social Security is about as farked as a 10-dollar whore.
 
2008-03-25 11:43:46 PM
growinthings:
BTW I AM ON SS DISBLITY, I WAS INJURED IN 1989 AND I HAVE HAD 2 SPINAL SURGERIES, THE LAST ONE WAS 9 1/2 HOURS LONG. I HAD CORNINARIES ON THR TABLE DURING BOTH SURGERIES.


I hope you enjoy those Hannah Montana tickets!
 
2008-03-25 11:49:06 PM
FeeltheIllinoise: SVX: This is how an empire falls. Not from the outside, but from within. Historians will be writing about us with amazement for a thousand years. Never in history of mankind has there been a nation state with so much power and wealth as this country had in 1945. Our decline from that point also knows no parallel. The decline of Rome was child's play in comparison. Our currency is still a "reserve currency" only through legacy. And that won't last much longer. Fifty years ago, only one currency on the entire face of the earth meant anything. Today, that currency is a quarter step away from being a "bongo buck". By the 100th anniversary of our victory in WWII, this country will be bankrupt and quite probably prostrate.

And we have no one to blame but ourselves. Republicrat? Democan? It doesn't matter. They are all equally corrupt, and equally culpable. They've taken the greatest nation state in the history of mankind, and turned it into a corrupt farce. If there were any justice, the entire leadership of the government would be arrested and brought up on charges of crimes against humanity. It's that bad.

Good thing that the generation that built this nation to unprecedented heights are going to die off before the final collapse.

There are plenty of countries that aren't first that are plenty nice to be a part of.


I, for one, wouldn't mind living in Japan. I would fit right in with the crazies over there. Unfortunately, I would have to heavily tranquilize my wife before I can get her on a plane. Probably the only problem I would have living over there though are their porn censorship laws. Boobies work okay for me, but pixellated poontang is a big turnoff.
 
jbc [TotalFark]
2008-03-25 11:50:33 PM
MagusAzod: However, what you are proposing comes with a enormous price tag. As mentioned by several other posters, SS is funded by current contributions, not past. Therefore pulling that source of funds means that it becomes an unfunded mandate, plunging us further into debt.

SS is currently overfunded as a pay-as-you-go system. Revenues to the SSA currently exceed outlays about $800B to $600B, and will for a few more years, until more and more Boomers retire. Let's say 50% of current workers choose to opt out immediately if my plan is enacted. Revenues would still be 100% of the employers' half plus 50% of the current workers' half, or approximately $600B. It would hover near break-even for the first few years, and then need to be increasingly supplemented by cashing in on the Treasury IOUs for some time (which as you know, must happen anyway under the status quo). The means-testing I proposed should help with some of those gaps. Short-term funding isn't a problem, and long-term we're covering a lot fewer retirees. I don't think the price tag is nearly as large as you suggest.

As far as the earlier concerns about disability payments, yes something should remain in place for those recipients, but that should be handled separately. I'm just looking to fix the retirement problem for now.
 
2008-03-25 11:56:22 PM
APPROVES
i106.photobucket.com
 
2008-03-25 11:56:38 PM
Crocodile: Right.
If anything is busting this country, it's the minute amount we spend on social programs.

It couldn't possibly be the military budget that's equal to that of most of the rest of the world combined.


Minute?

http://www.thebudgetgraph.com/site/index.php?main_page=product_info&products_i d= 1&zenid=7082ec7b1b87735661d0636358b18827

Bottom right corner.
 
2008-03-26 12:00:43 AM
oroku_saki: At 23, I already know I'm not going to collect a farking cent of SS.

Nonsense. Social Security is never going away. The benefits will be increasingly taxed, qualification more restrictively "means-tested", and FICA taxation rates raised. Yet, you will still get a check each month. The Crown Jewel of the New Deal cannot be allowed to fail.

Just think of it as your chocolate ration.
 
2008-03-26 12:06:55 AM
Nabb1: Lorelle: STFU, Subby. We Boomers have been paying into S.S. for decades.

Welcom to the bottom end of a ponzi scheme. If you think the government was saving that money for you in a fund with your name on it, you've been had.


Well, lets see. You guys payed into it, then you voted people in who pissed it all away. Real. Farking. Smart. Now I have to suffer for your stupidity. Thanks, old people!
 
2008-03-26 12:12:02 AM
FarktheNavy: As a tail gunner for the boomer generation (born 1962)

You're not a Boomer (new window). Neither am I (1959). The largest generation got squeezed between teh Boomers and the Xers and forgotten.
 
2008-03-26 12:15:35 AM
Hey, baby boomers. You will be remembered with scorn.

Ta ta, mutha fu-kas.
 
2008-03-26 12:15:58 AM
godofusa.com: oldcub: Why is everyone so worried? Congress will eventually just pass a law allowing them a one-time money-grab from all outstanding 401k plans owned by the "rich" and that will shore up SS for a while.

Fairtax- so EVERYONE pays into SS. Even tourists.

I love the FairTax proposal. I'd rather save up for my own retirement since there would be no income tax.. think about it.. someone makes 50k now and they end up with let's say 38k (so 12k income tax for the year).. that 12k would be both saved and spent on goods.. if only consumers controlled the economy and had more money to spend.. hmm


You assume that everyone is entirely competent. Hell, this very site is evidence to the contrary. Not only that, we have seen how no government regulation works. Look into the Gilded Age of America, and if you want a modern day equivalent, look at Africa. Yeah, no government really works for them.

/farking idiots, shooting off their mouths
//to think people would voluntarily destroy the very thing that keeps them from falling into the abyss
///if socialism is so bad, then how is it that our "free market" in America can't compete with China, but socialist Europe is able to compete on a level footing? idiots...
 
2008-03-26 12:26:40 AM
AirForceVet: Crosshair: These problems with SS and Medicare were well known 20 years ago and your generation did jack sh*t to address them. You had your chance, the next generation sees what they are inheriting and they aren't happy about it. The younger generation won't and can't continue the gravy train for you.

Silly redneck. Under Clinton, he & Congress adjusted Social Security to go further into the future. But some idiots voted George II and more Republicans into office 8 years ago. Now look who's pointing their silly fingers at us, as if we were the ONLY ones responsible for the approaching mess.

/Wasn't ND a red state in both 2000 & 2004?


You seem to imply that the public would be less farked if we'd chosen dipshiat politician B instead of dipshiat politician A. I'm not convinced.
 
2008-03-26 12:38:44 AM
Greek: Crosshair:
These problems with SS and Medicare were well known 20 years ago and your generation did jack sh*t to address them. You had your chance, the next generation sees what they are inheriting and they aren't happy about it. The younger generation won't and can't continue the gravy train for you.
-----------------------------
The biggest problem with Social Security, by far, is that the government has been using the trust money for other things. Of course there's not enough- they've been using the money intended for S.S. payments for other things instead of leting it earn interest. We wouldn't be in the boat we're in if that hadn't happened. Social Security is NOT a ponzi scheme- everyone who gets benefits has paid into the system. If the government hadn't been using that money for other things, and allowed it to earn interest, the system would work just fine.


That statement is false.
 
2008-03-26 01:21:03 AM
You know i could spend all night reading this thread.

Free healthcare WOULD solve the Medicare thing. But we still have Social Security to deal with and dishonest morans who can't keep their grubby greedy little hands out of the cookie jar.

This country needs to make some big changes or we're going fall, and fall quite hard.

Between the corporate greed and the politicians' corruptibility, and several failing systems, and the practices of said corporations, this country is now on the chopping block.

I love my country, I really do. But I hate the people whom are in power because all they do is buckle to lobbyists and plunder the money set aside to take care of our elderly and our disabled.

I've had to fight with the SSA local office tooth and nail to keep what I get so that "other" part of the government (the one with it's collective head up it's ass) won't take it and spend it on A farking hardpoint for a Hummer that doesn't belong driving in foreign lands!

I will be super pissed if someone doesn't speak up about "A baseless war" now. We are fighting an expensive war for no reason and I think there needs to be some investigation and some impeachments/firings.

I have friends from foreign countries already instructing me to get a passport and apply for citizenship in another country. It going to get THAT BAD.

Now I love my family, I would not leave them. Which is why, I would stay. But we need to clean things up. We need... a visionary, someone who has great ideas for this country, not premeditated plans to abuse Lady Liberty for all she's worth.

And about this "me generation"...

Never have I met such a bunch of self-entitled whiners. Everytime I see how spoiled the younger generations are it makes me sick. Not only children and teenagers, but some people my age, feel like they deserve things that they haven't properly earned.

But, to be fair, the officials the older generations are electing aren't helping matters but voting in people who spend and raid the country's coffers for their own personal wargames.

/in before tl;dr
 
2008-03-26 01:39:43 AM
For all the Gen XYZers out there who think us boomers are stealing their birthright, allow me to clarify. I've worked since I was 14, according to the SSA I've paid about $62,000 into Social Security, with employer matching that's $124,000. I'm 50 now and paying $3100 a year into SS, if I retire at 62 that will make a grand total of $198,000 that me and my employer have personaly paid to SS. At 62 I'm entitled to about $1100/month in SS, so even if I live to the ripe old age of 77 I still will not have touched a dime of your precious birthright.

Oh, and whose taxes do you think paid for your public schools and free lunches while you were growing up? FWIW, if Reagan and Bush I & II hadn't robbed social security of over a trillion dollars the system would have been solvent until the 22nd century.
 
2008-03-26 01:44:20 AM
Weaver95: I know someone who cheats the system to get SSI benefits and not work for a living. She's otherwise perfectly able to get up and go to work, she just finds it easier to take SSI bennies than get a job. She believes the rest of us are suckers for holding down a day job.

If this is true, then why haven't you turned her in? She is stealing from all of us after all. Women's prison isn't all that terrible, and she still won't have to hold down a job.

Or as I suspect, is this just made up bullshiat to help you justify your callousness?
 
2008-03-26 01:57:11 AM
We need to get the elderly to pick up smoking again.
 
2008-03-26 02:00:18 AM
libbynomore2: How does one opt out of Social Security?

Become a member of Congress. Why do you think they ( Dems especially ) see the ship sinking but don't give a shiat? It won't affect them.


Members of Congress pay into SS just like the rest of us. They also have a pension system, like many people with jobs do. It's pathetic that people have to perpetuate lies to justify their beliefs.

Basically the only people who can opt out of SS are members of religious sects that are strongly opposed to insurance, and have their own established methods of taking care of the old and infirm, so that they do not become a burden on US society. Which was the whole point of SS to begin with. Back in the 30s, people were often financially destroyed by taking care of elderly or sick members of their families. The churches no longer had the capacity to help, and people were surviving illnesses that would have simply killed them a generation before.

Hitler, Mao and Stalin just decided to kill all of those burdensome people. FDR decided we should help them. I think it worked out OK for us.
 
2008-03-26 02:11:00 AM
libbynomore2: lajimi 2008-03-25 09:45:28 PM
Maybe, just maybe if the politicians would keep their slimy mitts out of the trust fund there would be more than enough to go around.


Too late and you can thank LBJ and his friends for starting this unconscionable theft in 1966. The sad part is that it's the boomers who are responsible for electing the crooks who did this, but it's the young people who bare NO responsibility who will be left holding the bag....and EMPTY bag at that.


Sorry, the oldest baby boomers were 18 when LBJ was elected (the Boomer Generation started in 1946) the voting age was 21. The voting age was lowered to 18 when the 26th Amendment was ratified July 1, 1971.
 
2008-03-26 02:13:31 AM
Bacontastesgood: Weaver95: I know someone who cheats the system to get SSI benefits and not work for a living. She's otherwise perfectly able to get up and go to work, she just finds it easier to take SSI bennies than get a job. She believes the rest of us are suckers for holding down a day job.

If this is true, then why haven't you turned her in? She is stealing from all of us after all. Women's prison isn't all that terrible, and she still won't have to hold down a job.

Or as I suspect, is this just made up bullshiat to help you justify your callousness?


She's banging my buddy. for his sake, I've not said anything about it. it'd be rather rude of me to get my best friend's sex toy tossed into jail for a couple years. If he ever dumps her ass tho, I've got a nice letter to send to state authorities.
 
2008-03-26 02:35:19 AM
Well it's not like she cares.
 
2008-03-26 02:47:55 AM
Sorry, but fail.

When a government takes it upon themselves to govern, regulate and justify the people of the nations way of life, then it is the governments responsibility to care for the people as well.

If you paid taxes to the fed, state, ss and medi. You are entitled to that money back, along with interest, if the Government doesn't pay, you have a right to sue for it.

The government at that time, can either print more money, take out more loans or go bankrupt. The US government will take more loans out and restructure the plan, but people will get there money or the US goverment will cease to exist.
 
2008-03-26 03:09:48 AM
Much sooner than that!
 
2008-03-26 04:01:48 AM
Generational warring aside, I hope we can all agree that the government that's supposed to be taking care of this stuff is the real one to blame here. Every other modern country has somehow managed to take care of its citizens one way or another despite top-heavy-triangle-shaped population-age distributions... so... what's up with us? We're not even close to the worst in terms of old-heavy countries. We certainly have more money and resources than most of the others. Could it be a distribution problem? Or perhaps we're spending too much money somewhere else... I mean, where could we ever manage to find a few trillion dollars worth of wasteful government spending... that'd take thousands of man-hours pouring over complex budgets and...

/sarcasm
//of the bitter variety
///wants everyone to be taken care of equally, one way or another
 
2008-03-26 06:36:41 AM
torquestripe: We willed it and it was so!

Funny, because from what I remember, that is mostly how our government works. Every time someone tried to do something about SS, the boomers got into a big hissy fit and wrote letters to their congress people (because they have too much free time), and there goes the reform. How many bills have been proposed to help save SS in the last 30 years, and how many of them have been shut down almost from the get-go?

Oh well, I don't mind the least bit. I'm 23, I have plenty of money invested for retirement, and actually this recession everyone is biatching about is working out great for my retirement plans. I can buy even top-notch stock for pennies on the dollar and be in perfect position when the market rights itself. Actually, I just came in here to brag about that. Recessions rock, especially when you know your job is safe.
 
2008-03-26 07:16:10 AM
STFU, Subby. We Boomers have been paying into S.S. for decades.


This says all that needs to be said about why nothing will change and why the boomers will leave us all high and dry and bankrupt. And to top it off, now they're agitating for socialized medicine. The idea of leaving something for posterity, even a few crumbs of bread, is anathema to them.

Trillions in debt folks, and they want more. Apparently the rest of us aren't bleeding yet from working enough to support their lazy asses.

A generation with a larger sense of entitlement is hard to find. GenY is giving them a run for their money but the Boomers have experience on their side and may be good for the final sprint.

GenX and kids of GenX, welcome to Screwedville.
 
2008-03-26 07:54:10 AM

@ Atypical Person Reading Fark

/and aren't the X'ers even fatter than the Boomers? Not as fast as the upcoming kids, but stuffed to the gills with treats, as I understand it.


Not really, no.

//at least most boomers can locate Brazil on a map...


Are you kidding me? Most boomers I know, except for my father and...well that's it my father, seem to have difficulty understanding that when the Three Stooges talk about Freedonia that they're not referencing a real place. On the other hand, this is true of pretty much all Americans, regardless of age, including the misappropriately named "Greatest Generation".

///how interesting that we're being asked to STFU - when, in fact, the internets is full of Gen X chatter


That's because GenX and below have done most of the serious coding that makes the internet what it is today. The "Greatest Generation" invented it, you guys kind of ignored it for the most part as something from "The Man" that should be, like, rejected and stuff, until 1988. GenX, raised on Vic 20's, TSR 80's and Commodore 64's while you folks stood there saying "What the hell is all that gidget gadget hoopla you're doing son?!?", took over the heavy coding in the 1990's and now you have what you have. Of course we're jabbering on it, it's essentially Our Little Frankenstein gifted to us by grandma and grandpa. Heh.

////I do type fast, I must say - but I worked at that, my parents beat me and made me take all kinds of lessons to improve my finger coordination - they said that's what a girl should learn to do.


Wait...what?
 
2008-03-26 08:14:20 AM

LowPlainsDrifter 2008-03-26 07:16:10 AM

STFU, Subby. We Boomers have been paying into S.S. for decades.



This says all that needs to be said about why nothing will change and why the boomers will leave us all high and dry and bankrupt. And to top it off, now they're agitating for socialized medicine. The idea of leaving something for posterity, even a few crumbs of bread, is anathema to them.


QFT.

(Quoted For Truth, for all of you old farking entitlement bastards)

I don't think they will leave us bankrupt we are already are bankrupt.
 
2008-03-26 09:58:42 AM
Solution: medical rationing
 
2008-03-26 10:05:12 AM
Um, would say, 720 Million a DAY help the cause?

http://www.afsc.org/cost/?gclid=CJudyvb3qpICFQL1PAodLlWFQw

http://www.nationalpriorities.org/costofwar_home

I bet it would...
 
2008-03-26 10:26:19 AM
Lorelle: STFU, Subby. We Boomers have been paying into S.S. for decades.

I'm 33 and I pretty much came in to say exactly that... except replace 'we' with 'those'.
 
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