EnviroDude: Harry Truman - the buck stops here

Barack Hussein Obama - 2006 - The fact that we are here today to debate raising America's debt limit is a sign of leadership failure," he said. "It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. ... Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit."

Barack Hussein Obama - 2011 - pass the buck

Right, because Barack Obama caused a generation of Americas to think the good times would never end and they didn't have to plan policy for the future. The only thing worse than Baby Boomers are people like you who think this is solely a one=party problem.

EnviroDude: somebody has to pay for the party, might as well be Sasha's and Malia's children, amIright?

Wow, that makes no sense, does nothing to further your argument, but I'm sure it made you feel good. You sound like a baby boomer.

Fine, but we're not going to tip well.

Hyperinflation is the only gift the Boomers can give to their children now.

Maybe America can pay its debts by selling the egos of dying baby boomers to India. It's about the only resource the US has lots of these days.

In all fairness, it was some of the best cocaine ever produced. Worth every penny.

Many boomers did save and do everything correctly. They were farked over just like the rest of us.

Adolf Oliver Nipples: Every time this discussion comes up the Boomers come out of the woodwork en masse to tell us how wrong we are, it's not their fault for anything and how if we would just man up, stop being lazy and get jobs everything would be great, ignoring the fact that their generation is responsible for the current situation and we could all get those allegedly awesome jobs if they would retire like their parents did before them.

So, Boomers, it's not your fault you're farking your children and grandchildren. We exonerate you of any responsibility, and we forgive you for your inability to start any sentence without the word "I". Just continue to live in total comfort until you die, we'll do the heavy lifting for you once you're gone.

let me help you take your head out of your ass. these 'boomers' are the great unwashed masses, workers, taxpayers.
then, as now, they were lorded over and manipulated. when it comes down to brass tacks the very wealthy and the very powerful are in charge. they do as they please.
maybe it makes you feel better to point at a huge mass of people and blame them for all of life's woes but i'd rather deal with reality.
a shiatload of boomers received very little education, grew up in poor, hard times, and they fought and died when Uncle Sam told them to.
you are also looking at many people who actually believed what they were told. it wasn't until the late 1960's that America started to wake up and grow up. they were hoodwinked, baby.
i don't see today's gov't doing the will of the people. see what i mean? we are not in charge my friend. we are the oompah-loompahs, we are the dreamers, and we are the workers.
you and i don't get to call the shots.the baby boomers didn't get to call the shots in their day either. they were mostly slave labor in a prison without bars.

I won't blame the boomers for their mindset. I'll blame the parents (my grandparents) that birthed the original snowflakes and coddled them from war and economic depression.

It's not directly their fault. We have people living much longer and seeing the doctor every week.

Should we just let them suffer and die? Raise the retirement age? Raise taxes? We can't function without doing one of these.

Don't knock the Boomers.

Blame it on the asswipe who replaced the pension with the 401K, and persuaded the corporate world (not just the US) to use this model. Asinine free-market religion.

There are lots of us codgers hanging onto a job, not because we want to, but because we can't afford not to. And before you give us crap about not saving - we did, and our savings cratered because each of us had to manage our own pension funds, rather than pool the funds and allow a professional to do so.

Result? No jobs for the youngsters.

want some cheese with tha whine???

Babwa Wawa: MBA Whore: Many boomers did save and do everything correctly. They were farked over just like the rest of us.

The average retirement savings by people 55-64 is $69,000. (new window) I'm sorry, but that can last maybe 5 years if you stretch it.

I've got way over twice that, been saving ever since I went back to work after the divorce. And I'm not 55 yet. I don't think I'm ever going to be able to retire, no matter how much I save.

Ahh, yes, Baby Boomers... The "I got mine, fark y'all" generation.

Moreover, 70 percent of boomers say enjoying retirement takes precedence over leaving an inheritance

...while THEIR parents managed to take care of their own retirement AND (typically) left them a nice chunk as an inheritance. GenX/Y/etc. doesn't expect shiat, because they know the 'Boomers already spent it.

fark this generational warfare shiat. We could pay for social security and medicare even for my generation (and I'm 22) if we weren't so allergic to raising taxes.

It's pretty obvious to me the biggest mistake the boomers made was having kids. You all are a bunch of whiney spoiled little gits. Move the fark out of our basements and get a job.

/Boomers HAD money until the Bush Crash, and then having to support you bastards until you're 30.

We are living the story of "The Millionaire Next Door". Quick summary: first generation works hard, builds businesses, becomes wealthy, determines that second generation will do even better by getting fine educations, and especially spoils the grandchildren. Second generation gets comfy on the money and handouts from the first and spends all the money. The grandchildren grow up comfortably but then there's not enough money to support them in that comfortable style.

Well, at least we will able to make one decision that affects their future.

stiletto_the_wise: Ahh, yes, Baby Boomers... The "I got mine, fark y'all" generation.

Moreover, 70 percent of boomers say enjoying retirement takes precedence over leaving an inheritance

...while THEIR parents managed to take care of their own retirement AND (typically) left them a nice chunk as an inheritance. GenX/Y/etc. doesn't expect shiat, because they know the 'Boomers already spent it.

It's going to be very interesting for a lot of them when their money runs out and they look to their kids to support them.

Tillmaster: There are lots of us codgers hanging onto a job, not because we want to, but because we can't afford not to. And before you give us crap about not saving - we did, and our savings cratered because each of us had to manage our own pension funds, rather than pool the funds and allow a professional to do so.

I call bullshiat. How hard is it to put X percent into an equity index fund, Y percent into fixed income, and then just go back and adjust X and Y every 5 years or so?

Reasons old codgers are clinging on to their jobs:
* They couldn't save (understandable)
* They could have saved but didn't (greed/stupidity)
* They saved but blew it on the stock market (stupidity)
* They can retire comfortably but simply want more (greed)

This country has been living off the World War II dividends for the last 60 years. It wasn't going to last forever and we don't have the natural resources to make us a permanent superpower. People these days have just been lulled into thinking that America has always been the best nation evar and always will be.

kimwim: Babwa Wawa: MBA Whore: Many boomers did save and do everything correctly. They were farked over just like the rest of us.

The average retirement savings by people 55-64 is $69,000. (new window) I'm sorry, but that can last maybe 5 years if you stretch it.

I've got way over twice that, been saving ever since I went back to work after the divorce. And I'm not 55 yet. I don't think I'm ever going to be able to retire, no matter how much I save.

The wife and I have about 70k right now, and we just hit 30. No way in hell are we risking anything in the future.

We bank about 1k a month (plus our 401ks at 8% each), while our friends in the same income bracket are living paycheck to paycheck because they overbought a home and *must* drive BMWs (on lease of course). Yeah, good luck with that.

s2b2b2: We are living the story of "The Millionaire Next Door". Quick summary: first generation works hard, builds businesses, becomes wealthy, determines that second generation will do even better by getting fine educations, and especially spoils the grandchildren. Second generation gets comfy on the money and handouts from the first and spends all the money. The grandchildren grow up comfortably but then there's not enough money to support them in that comfortable style.

That's gibberish, and/or fantasy.

ghare: It's pretty obvious to me the biggest mistake the boomers made was having kids. You all are a bunch of whiney spoiled little gits. Move the fark out of our basements and get a job.

/Boomers HAD money until the Bush Crash, and then having to support you bastards until you're 30.

You mean they had money until the house of cards, a house of cards they built, collapsed?

Little secret. Remember the Enron folks who knew their company was lying and then complained that they lost all their money when Enron stock became worthless? You guys did the same thing with an entire economy.

* and by "bank" i mean put into a bank account about 1k a month that we have left over after bills/mortgage

Tillmaster: Don't knock the Boomers.

Blame it on the asswipe who replaced the pension with the 401K, and persuaded the corporate world (not just the US) to use this model. Asinine free-market religion.

There are lots of us codgers hanging onto a job, not because we want to, but because we can't afford not to. And before you give us crap about not saving - we did, and our savings cratered because each of us had to manage our own pension funds, rather than pool the funds and allow a professional to do so.

Result? No jobs for the youngsters.

Yes. Its such a terrible idea to take your money and save/build it tax free as opposed to putting your money in a pyramid scheme that collapses when all the sudden the company goes out of business.

ghare: s2b2b2: We are living the story of "The Millionaire Next Door". Quick summary: first generation works hard, builds businesses, becomes wealthy, determines that second generation will do even better by getting fine educations, and especially spoils the grandchildren. Second generation gets comfy on the money and handouts from the first and spends all the money. The grandchildren grow up comfortably but then there's not enough money to support them in that comfortable style.

That's gibberish, and/or fantasy.

I have spent much of the last 20 years dealing with small businessmen. That description describes my observations very well with the only difference being the third generation doesn't want anything to do with the company.

EnviroDude: Harry Truman - the buck stops here

Barack Hussein Obama - 2006 - The fact that we are here today to debate raising America's debt limit is a sign of leadership failure," he said. "It is a sign that the U.S. Government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. ... Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit."

Barack Hussein Obama - 2011 - pass the buck

Thread over.

If you want the debt to stop going up and up, quit voting for big spenders.

This is a solvable problem that isnt getting solved.

birdboy2000: fark this generational warfare shiat. We could pay for social security and medicare even for my generation (and I'm 22) if we weren't so allergic to raising taxes.

Pretty much this. Conservatives can biatch all they want about the legitimate need to raise taxes, but they can't also complain that they won't get SS/can't retire because the government doesn't have enough money to pay them. If you're going to play that game, I would like to know why the hell I should have to take care of you after you decide to retire. Figure it out, rookie biatch.

How is it baby boomers fault? Look at the chart hemphead posted. It started to get out of control during the Reagan/Bush I years, Clinton was getting a handle on things towards the end of his second term and then Bush II got the job. Blame boomers if it makes you feel better but it's Republicans fault.

SharkTrager: Remember the Enron folks who knew their company was lying and then complained that they lost all their money when Enron stock became worthless? You guys did the same thing with an entire economy.

I like it. I'm going to use this one. Describes the situation perfectly.

Boomers have paid taxes for 50+ years, and are not likely to see even a small percentage of return, at the rate things are going.

Last year's Socialist Insecurity raise: 3.5% in the last three years.
Cost of living increase over the same time: 25%.

\\\ Typical.

Shaggy_C: This country has been living off the World War II dividends for the last 60 years. It wasn't going to last forever and we don't have the natural resources to make us a permanent superpower. People these days have just been lulled into thinking that America has always been the best nation evar and always will be.

We could be doing better, but America's Stupid Belt is cutting off circulation to the brain. Lincoln should have let the South go.

Think of the bright side...

oh wait. There is no bright side.


Click to embiggen

SharkTrager: ghare: It's pretty obvious to me the biggest mistake the boomers made was having kids. You all are a bunch of whiney spoiled little gits. Move the fark out of our basements and get a job.

/Boomers HAD money until the Bush Crash, and then having to support you bastards until you're 30.

You mean they had money until the house of cards, a house of cards they built, collapsed?

Little secret. Remember the Enron folks who knew their company was lying and then complained that they lost all their money when Enron stock became worthless? You guys did the same thing with an entire economy.

Yes, yes, you figured it out, we were all in on it! Just to screw you kids, we all lost 50% of our investments, and all the equity in our homes, and we're going to have to work 5 years longer than we planned! THAT will show you! It's why we gave birth to you! BWAAAAHHHAHHAHAHAHAAAHAHA!

olddinosaur: Boomers have paid taxes for 50+ years, and are not likely to see even a small percentage of return, at the rate things are going.

Last year's Socialist Insecurity raise: 3.5% in the last three years.
Cost of living increase over the same time: 25%.

\\\ Typical.

That 25 percent is just a number you made up, right?