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(USA Today)   Baby Boomer Jonah Goldberg complains that the Greatest Generation is coddled and selfish, and the cost of providing their unsustainable entitlements will bankrupt their descendants   (usatoday.com ) divider line
    More: Ironic, Jonah Goldberg, ageism, President Franklin D. Roosevelt, Civilian Conservation Corps, entitlements, G.I. Bill, legacy costs, bankruptcy  
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8944 clicks; posted to Main » on 11 Mar 2013 at 9:50 AM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-11 10:14:51 AM  
Curse you, selfish 80- and 90-year-olds!
 
2013-03-11 10:15:12 AM  

Ned Stark: Lord_Baull: Wow, news from 1992 has reached the republican party.

Hey, here's some more tidbits you'd probably like to know:

1) nobody cares if you're gay and you want to get married
2) mexicans aren't the only people here illegally
3) Dick Cheney shot a man in the face. The guy apologized for being in Dick Cheney's gun's line of sight.
4) Trickle Down economics doesn't work.

"Trickle down" did exactly what it was supposed to do.



Touche.
4) Trickle Down doesn't work as advertised to the plebes.
 
2013-03-11 10:15:24 AM  
Who cares what the fat kid from Superbad has to say about anything?
 
2013-03-11 10:16:06 AM  
If there's a silver lining to all of this, it's that once the majority of the boomers go senile or die the younger generation will probably make at least a little bit of progress to fix all the shiat that they heaped on us. I'm sure we'll screw up just as bad in the end - but Christ they really screwed the pooch. And the pooch ended up being their children, oddly.
 
2013-03-11 10:16:23 AM  

Sudlow: People of the "Greatest Generation" received back in benefits everything they ever contributed to Social Security within a couple of years. Us Boomers will take longer, but we'll get more back than we put in. You kids are F'd. It takes a while, but all Ponzi Schemes eventually fall apart.



Another lie. Social Security is not a Ponzi Scheme, it is a welfare program supported by an income tax. The maximum amount of income and tax you can be charged for is capped. Remove the cap and Social Security will be fine.

The reality is this is just another way for Republitards to deflect the fact that US taxes are too low by half. Taxes on US citizens need to double, or 1/2 the government budget needs to be cut, or we need to find a happy middle ground somewhere between cutting government spending and raising taxes. The idea that the US budget can be balanced on cuts to that budget alone is insane.

Why do you continue to believe the lies and the lier that spread them?
 
2013-03-11 10:16:40 AM  
Wait, I read the headline as them turning on the Baby Boomers. Turning on the currently retired as leeches in favor of the generation that benefited from high social spending as children and low taxes as adults who now expect high social spending as retirees? Classy.
 
2013-03-11 10:17:06 AM  
FTFA: I have neither the space nor the inclination to pronounce on what was good or bad about all this.

But don't worry, I will make room in future articles so I can whine about it some more.

/nothing more annoying than someone with a job complaining about those of us who are trying our damnedest to get one and can't... because people like him want to cut out any chance of surviving long enough to get one in this economy... which he and his cronies are destroying as fast as they can.
//thanks goldschlager
 
2013-03-11 10:17:09 AM  

Parthenogenetic: Pick: Why do you blame people for wanting what was PROMISED them?

I left my previous job, because my current employer made me an offer that included benefits. I accepted the job, because of what was offered.

Our current government made us all sign a contract to pay into Social Security, and gave us all a number. In signing for that card, we signed a contract, that if we payed into that fund, there would be benefits for us, when we retired. The government "borrowed" money from that fund and never payed it back. Now they say it's "broken". It is only broken, because the government broke it themselves when they stole all the money from it.

There is no contractual right to receive Social Security benefits.

http://en.wikipedia.org/wiki/Flemming_v._Nestor

http://www.ssa.gov/history/nestor.html

Now get back to work, citizen.


...but that doesn't negate the point, does it?

Goldberg is biatching about people wanting to benefit from the system that they supported via payroll taxes for 40+ years.

That has nothing to do with whether Social Security involves "contractual obligations" or not.
 
2013-03-11 10:17:44 AM  

Girion47: When SS was formed, it was meant to provide about 3 years of support, the average lifespan was 68 back then, it's gone up by 6 years since and the retirement age hasn't been adjusted.  Want to fix SS?  Raise the retirement age.


This has already been done twice in my lifetime. That alone will not work. The problem is that when SS was started, there were five people working for every retiree. That's now down to three and will soon be down to two. It isn't just that boomers, the nation's largest generation, are reaching retirement age. The SS Trust Fund has been planning for this for several decades now; contrary to what the right-winger would have us believe, the SS Trustees have not had their heads buried in the sand, pretending there is no problem. One of the biggest problems that the program faces is that the government continues to rob the trust fund (via bogus bond issues) to supplement the general fund. Another growing problem is that as more and more jobs are sent offshore, fewer workers are left to pay the taxes.

The Republicans want to do away with SS and allow that wonderful, trust-worthy, all-knowing free market be the source of retirement income. The free market will take care of us just as they did when they made it so that so many of us could become homeowners.
 
2013-03-11 10:19:34 AM  

Pick: The government "borrowed" money from that fund and never payed it back.


BarrRepublican: It is quite annoying to be told that I have to "work harder" because the generation before mine couldn't be bothered to pay back all those loans they took out of FICA.


Social Security funds held in trust are invested in government securities, as required by law. In that sense, I suppose, the general fund "borrows" that money. But if this state of affairs outrages you, what would you propose be done with those funds instead? Bury them in the world's largest coffee can under the White House lawn? Invest it all in pets.com? What? What other investment caries so little risk?
 
2013-03-11 10:19:43 AM  

Girion47: Even require me to withhold 12% of my paycheck(and require the company to give that other 6%) and put it in a retirement fund that I can direct.


Do you think your investments will grow enough in value that you'll be able to retire on them?

Do you think everybody's will?

If you answered yes to the first question and no to the second, then how does your proposal make sense as the 'safety net' that Social Security was designed to provide?
 
2013-03-11 10:20:10 AM  
Sorry, Granny. Despite the fact that incomes for the rich have quadrupled in the last twenty years, we just can't seem to find the money to keep you alive.

Love,
The Beltway Folks
 
2013-03-11 10:20:15 AM  

The Why Not Guy: Jonah Goldberg is beneath contempt.


THIS! Thanks for saying what I probably could not without cursing.
Thank You, Greatest Generation, we know who you are...
 
2013-03-11 10:20:45 AM  

GAT_00: rtaylor92: Right but the greediest generation you are referring to are the boomers, not their parents (which is who Goldberg is railing against)

They couldn't have turned into the greedy, entitled bastards they did without their parents contributing a lot.


Oh look. Same shiat, different day.
 
2013-03-11 10:21:58 AM  
Robert Reich says, "The idea that most Americans have been living beyond their means is pure fantasy perpetrated by a small minority at the top whose means have gone through the stratosphere."
 
2013-03-11 10:24:34 AM  

poot_rootbeer: Girion47: Even require me to withhold 12% of my paycheck(and require the company to give that other 6%) and put it in a retirement fund that I can direct.

Do you think your investments will grow enough in value that you'll be able to retire on them?

Do you think everybody's will?

If you answered yes to the first question and no to the second, then how does your proposal make sense as the 'safety net' that Social Security was designed to provide?


Considering I got a letter from the SSA stating I should only expect 70% to which I'm entitled by time I retire, yeah, I'm willing to bet I can do better than a 30% loss.

As for everyone else?  Corporations have taught me that loyalty to anyone is for suckers and if you don't take care of yourself, noone else will.
 
2013-03-11 10:25:01 AM  

Girion47: Sudlow: People of the "Greatest Generation" received back in benefits everything they ever contributed to Social Security within a couple of years. Us Boomers will take longer, but we'll get more back than we put in. You kids are F'd. It takes a while, but all Ponzi Schemes eventually fall apart.

Which is why I'd like to see it ended immediately.   Hell take the money I've paid in...whatever.  Even require me to withhold 12% of my paycheck(and require the company to give that other 6%) and put it in a retirement fund that I can direct.   Just farking end social security.


I don't intend to sound like some sort of elitist, but do you really think it's a good idea to let the vast majority of Americans manage their retirement accounts?  You will have hordes of Wall Street sharks and small-time scammers swarming to get gullible investors to hand over that sweet sweet pile o' money.

Maybe you could allow universal access to something like the Thrift Savings Plan, which has a menu of extremely low-cost index funds, but I could see legislators screwing that up as well.  "It is a travesty that honest, hard-working Americans do not have the option to invest in gold coins in their retirement accounts. For thousands of years, gold has served as a stable store of value. Gold IS money!  And that is why, my friends, I am introducing this bill to allow the good people at GoldLine.com to be included in the list of investment options for the Mandatory Retirement Savings program.  The fact that I am on the board of directors of the company is not a confilct of interest; it is merely proof that I believe in the power of gold."
 
2013-03-11 10:27:07 AM  
Most of the people that are working day and night to strip the Baby Boomers of their earned and paid for "entitlements" are other Baby Boomers.

newsjunkiepost.com

Like this asshole.
 
2013-03-11 10:27:28 AM  

neversubmit: Robert Reich says, "The idea that most Americans have been living beyond their means is pure fantasy perpetrated by a small minority at the top whose means have gone through the stratosphere."


It's rich people's fault that the average household credit card debt is in the neighborhood of $6,000?
 
2013-03-11 10:28:16 AM  
Um, the "Greatest Generation" have mostly gone off to their reward.  The youngest are now in their mid 80s, my neighbor joined up when he completed high school in 1945, he's 85 years old.

It's the boomer gen that has destroyed us.  The most self-absorbed, narcissistic, egotistical bunch of hypocrites ever.
 
2013-03-11 10:28:21 AM  
Just once I'd like superpowers to give that snotty, entitled whelp a one way trip back to the Depression and subsequent War to find out what the people of a country can do when they pull together, sacrifice, and fight to save the world.

/ 90 y/o Dad volunteered and fought in WWII
// Seriously F. U., Jonah Goldberg.
 
2013-03-11 10:28:34 AM  

Lord_Baull: Ned Stark: Lord_Baull: Wow, news from 1992 has reached the republican party.

Hey, here's some more tidbits you'd probably like to know:

1) nobody cares if you're gay and you want to get married
2) mexicans aren't the only people here illegally
3) Dick Cheney shot a man in the face. The guy apologized for being in Dick Cheney's gun's line of sight.
4) Trickle Down economics doesn't work.

"Trickle down" did exactly what it was supposed to do.


Touche.
4) Trickle Down doesn't work as advertised to the plebes.


This. Should have been called Pee on the Peons economics.
 
2013-03-11 10:28:34 AM  

Kurmudgeon: The Why Not Guy: Jonah Goldberg is beneath contempt.

THIS! Thanks for saying what I probably could not without cursing.
Thank You, Greatest Generation, we know who you are...


Can we hang the Goldberg?

The problem is the over rich. That is not sustainable.

The chump change the middle class saved up in SS and Medicare is just a distraction postulated by the sycophants sucking rich dick.
There is a certain charm to convincing peeps that their own money is "an Entitlement".
Just charming as all Hell.
 
2013-03-11 10:28:59 AM  

Parthenogenetic: I don't intend to sound like some sort of elitist, but do you really think it's a good idea to let the vast majority of Americans manage their retirement accounts?  You will have hordes of Wall Street sharks and small-time scammers swarming to get gullible investors to hand over that sweet sweet pile o' money.


By the way, this comment refers to a hypothetical privatized replacement for Social Security.

The 401(k) system already has a number of problems, mostly due to the sharks taking sizeable bites out of retirement nest eggs due to fees and expenses embedded in the mutual funds offered as investments.

http://www.pbs.org/wgbh/pages/frontline/retirement/world/401k.html
 
2013-03-11 10:29:25 AM  

GoldSpider: neversubmit: Robert Reich says, "The idea that most Americans have been living beyond their means is pure fantasy perpetrated by a small minority at the top whose means have gone through the stratosphere."

It's rich people's fault that the average household credit card debt is in the neighborhood of $6,000?


yes

images2.dailykos.com
 
2013-03-11 10:30:32 AM  

GoldSpider: It's rich people's fault that the average household credit card debt is in the neighborhood of $6,000?


Why don't poor people just buy more money?  Sheesh, I gotta think of everything.
 
2013-03-11 10:30:55 AM  

Fissile: Um, the "Greatest Generation" have mostly gone off to their reward.  The youngest are now in their mid 80s, my neighbor joined up when he completed high school in 1945, he's 85 years old.

It's the boomer gen that has destroyed us.  The most self-absorbed, narcissistic, egotistical bunch of hypocrites ever.


I thought it was the cabal of rich old white guys who served during Reagan I and II, Bush1 I, and Bush2 II that spent trillions we didn't have that ruined us. The last bunch of thieves wouldn't even put trillions of their spending on the budget so as not to arouse dissent before the three major meltdowns in the last year of their administration.
 
2013-03-11 10:31:23 AM  

BMulligan: Pick: The government "borrowed" money from that fund and never payed it back.

BarrRepublican: It is quite annoying to be told that I have to "work harder" because the generation before mine couldn't be bothered to pay back all those loans they took out of FICA.

Social Security funds held in trust are invested in government securities, as required by law. In that sense, I suppose, the general fund "borrows" that money. But if this state of affairs outrages you, what would you propose be done with those funds instead? Bury them in the world's largest coffee can under the White House lawn? Invest it all in pets.com? What? What other investment caries so little risk?


You have to hand it to Wall Street/hedge fund managers to have this sort of idea have any traction at all - the idea that government programs with surpluses should lend out the money to private enterprise (for a fee), and then other government programs with deficits should borrow more money from private enterprise (for a fee), and then of course all that lending out will need to be insured in case the bank or whatever goes bust (for a fee). I wonder who benefits from all this? I can guarantee it won't be the beneficiaries of the programs or the tax payers.
 
2013-03-11 10:31:38 AM  

vernonFL: To say that only the people actually fighting the war deserve credit is total bullshiat.


In other words, conservative.
 
2013-03-11 10:32:03 AM  
Please, post more Dem/Rep cliches.
 
2013-03-11 10:32:27 AM  

Fissile: Um, the "Greatest Generation" have mostly gone off to their reward.  The youngest are now in their mid 80s, my neighbor joined up when he completed high school in 1945, he's 85 years old.

It's the boomer gen that has destroyed us.  The most self-absorbed, narcissistic, egotistical bunch of hypocrites ever.


Heh. "Your stupid Jesus is a false God! Mohammad, however, is a REAL prophet, and Allah the REAL god!"
Like another poster said - same shiat, different day.
 
2013-03-11 10:32:43 AM  

Girion47: yes

[images2.dailykos.com image 550x290]


I don't think that graph says what you think it says.
 
2013-03-11 10:33:50 AM  
How about this?

1. Uncap Social Security
2. Cap compensation in companies to where there cannot be one person that makes more than 10 times what anyone else in the company makes.
 
2013-03-11 10:33:59 AM  
3.bp.blogspot.com

FOR THE LOVE OF GOD, SOMEONE PLEASE FART IN MY BEARD

 
2013-03-11 10:34:19 AM  

Girion47: GoldSpider: neversubmit: Robert Reich says, "The idea that most Americans have been living beyond their means is pure fantasy perpetrated by a small minority at the top whose means have gone through the stratosphere."

It's rich people's fault that the average household credit card debt is in the neighborhood of $6,000?

yes

[images2.dailykos.com image 550x290]


It is your fault. We are farking the Rich and you trot out a $6,ooo piece of derpy distraction?
try again
 
2013-03-11 10:34:29 AM  

Girion47: poot_rootbeer: Girion47: Even require me to withhold 12% of my paycheck(and require the company to give that other 6%) and put it in a retirement fund that I can direct.

Do you think your investments will grow enough in value that you'll be able to retire on them?

Do you think everybody's will?

If you answered yes to the first question and no to the second, then how does your proposal make sense as the 'safety net' that Social Security was designed to provide?

Considering I got a letter from the SSA stating I should only expect 70% to which I'm entitled by time I retire, yeah, I'm willing to bet I can do better than a 30% loss.

As for everyone else?  Corporations have taught me that loyalty to anyone is for suckers and if you don't take care of yourself, noone else will.


If you think that receiving 70% of your benefits = a 30% loss on the investment then that doesn't really scream "I know how to manage investments"
 
2013-03-11 10:36:25 AM  

GoldSpider: It's rich people's fault that the average household credit card debt is in the neighborhood of $6,000?



The answer to your question lies in the question:
Who benefits from average household credit debt?
 
2013-03-11 10:36:37 AM  
www.mockpaperscissors.com
 
2013-03-11 10:37:42 AM  
Jonah Goldberg is truly the GOP's savior with this winning strategy
 
2013-03-11 10:37:58 AM  
Well pretty much by definition they ain't the "Greatest Generation".  What the fark were they so great at?  They were the ones who were in positions of power and influence when this country went straight into the shiatter - stripping away all the hard earned gains of social economic and political justice and equality.

The "Greatest Generation" is the ones who allowed the U.S. to turn into a fraud-factory that strips money away from the least able to defend themselves and heaps it in golden piles on the wealthiest.  They oversaw this descent from greatness - I'd call them the "Lost it all at the craps table generation".
 
2013-03-11 10:38:36 AM  

Pick: Why do you blame people for wanting what was PROMISED them?


Because in some part the person being promised something needs to evaluate whether the person promising can come up with it.

I started my first part-time job in high school in 1987.  When I got my first check my boss pointed out the deductions and made sure to let me know that the odds were I wouldn't ever see much of them coming back to me.

The gov't promised me they could take care of me, but sorry if I don't cry about it now that it's becoming apparent that the odds are they won't be able to with the manner in which the system is set up.  I've already accepted that the system was going to crash and burn before I get to cash in on it.  That's life.  What are my alternatives?  Pulling the plug on the Greatest Generation?  Advocating for a free market that has proven they're more prone to ripping people off than doing legitimate business?

"Life sucks.  Wear a helmet." - Denis Leary
 
2013-03-11 10:38:53 AM  

Ned Stark: Sudlow: People of the "Greatest Generation" received back in benefits everything they ever contributed to Social Security within a couple of years. Us Boomers will take longer, but we'll get more back than we put in. You kids are F'd. It takes a while, but all Ponzi Schemes eventually fall apart.

Not when ponzi can shoot people for not paying up.


Ah, so the long term effect is a large amount of people with no money being asked for more money and a few people at the top getting really rich. This leads to a lot of poor people turning to crime because they are bombarded with adverts showing the life they *could* have and therefore you get a mandate for a police state!

looks like it works perfectly.
 
2013-03-11 10:39:02 AM  

BMulligan: Social Security funds held in trust are invested in government securities, as required by law. In that sense, I suppose, the general fund "borrows" that money. But if this state of affairs outrages you, what would you propose be done with those funds instead? Bury them in the world's largest coffee can under the White House lawn? Invest it all in pets.com? What? What other investment caries so little risk?


Lock


Box
 
2013-03-11 10:39:06 AM  
ughhh what happened to my tasteful centering

thanks omaba
 
2013-03-11 10:39:17 AM  

And one more thing.  How did today's GOP become the party of saying that these guys:

media.npr.org


Are leeches on society, not to mention these folks -- EMT, firefighters, police, teachers:
www.totalmortgage.comwww.slate.com

WTF???
 
2013-03-11 10:40:01 AM  
Jonah Goldberg: Class Act.

farm6.static.flickr.com
 
2013-03-11 10:40:03 AM  

BMulligan: Pick: The government "borrowed" money from that fund and never payed it back.

BarrRepublican: It is quite annoying to be told that I have to "work harder" because the generation before mine couldn't be bothered to pay back all those loans they took out of FICA.

Social Security funds held in trust are invested in government securities, as required by law. In that sense, I suppose, the general fund "borrows" that money. But if this state of affairs outrages you, what would you propose be done with those funds instead? Bury them in the world's largest coffee can under the White House lawn? Invest it all in pets.com? What? What other investment caries so little risk?


With 6T in your fund you can accept some extreme risk along with a good amount of moderate risk investments.  See Norways soverign wealth fund.
 
2013-03-11 10:41:25 AM  
 
2013-03-11 10:42:23 AM  

GoldSpider: Girion47: yes

[images2.dailykos.com image 550x290]

I don't think that graph says what you think it says.


If you think that then your understanding of the graph is dillusional.
 
2013-03-11 10:43:47 AM  

rufus-t-firefly: Like being entitled to a career of writing idiotic articles and books because your mom blew the right people.


The wikipedia article on her is pretty interesting.  Long history of her being an asshole.
 
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