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(NPR)   Good news, Millennials-- Your Social Security dollars will ensure Baby Boomers can have a retirement. Now get off my lawn and get to work   (npr.org) divider line 236
    More: Spiffy  
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5309 clicks; posted to Main » on 15 Jul 2014 at 12:40 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-07-14 09:05:52 PM  
Breaking news: poor people reproduce more often than rich people.

Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

We are going to see a major cut in social services over the next few decades. We can either prepare now and make tough choices, or have tough choices made for us when there's no more money.

Thanks Obama! (And Dubya-- prescription drug plan, LBJ-- war on poverty, and the grand poobah of unfunded federal largess FDR)
 
2014-07-14 09:32:22 PM  
Fark the boomers, and fark the millenials, what about us slackers...uh, wait, what are we called again. Um, selfish...lazy, angst-ridden. No, that's not it. Um...

Delusioned?

Generation X! Yes, that's it.

It's great to know my parents and my kids will still be ok when I'm living in my cardboard box eating cat food.
 
2014-07-14 09:46:55 PM  
F*ck both of you.

Sincerely,
Gen X.

/goddamnit someone already beat me to it.
 
2014-07-14 09:53:34 PM  

nickdaisy: Breaking news: poor people reproduce more often than rich people.


Yes, but rich people have more money. If only we considered taxing them.

nickdaisy: Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.


That's not the problem at all. Social security is fine so long as there is always a higher proportional working population than a retired population. The problem with the Boomers is they are a fat demographic bulge and the Gen-Xers -- the breadwinners of the system right now, currently in their 30s and 40s and the largest contributors to SS -- are not. The Millenials haven't really gotten their careers going, most of them are still in school or unemployed.

Overall, what is happening is we have an aging population -- the first Boomers have just turned 65 and the next 80 million of them will retire within the next 10-15 years. People need more social services the older they get (everything from pensions to healthcare), so it's putting a strain on SS coffers. Japan is going through the same problem and their ave. population is even older than ours. This is not something that could ever be avoidable, thus in the future we should try to prevent ourselves from having any flash baby booms, thus they wreck SS 70 years down the line.

Just a thought.
 
2014-07-14 10:00:22 PM  
Social Security is easy to save.  Simply reinstate FISA taxes above, say, $600k a year of total income and capital gains.
 
2014-07-14 10:02:19 PM  

Ishkur: thus they wreck SS 70 years down the line.


rofl

one of japan's problems is lack of immigrants ...
http://en.wikipedia.org/wiki/Aging_of_Japan#.22Parasite_singles.22_a nd _.22Herbivore_men.22

what will happen to economies when there are LESS consumers?
sure, the developing world might pick up some of the slack ...
 
2014-07-14 10:15:50 PM  

namatad: what will happen to economies when there are LESS consumers?


Some interesting data metrics to be studied by economists for decades.....

The problem is Capitalism only operates under a policy of constant growth, which is fine so long as population keeps increasing, but naturally there is a relative maxima to that. Things can't trend upward forever.

Japan is the first country to broach this problem.
 
2014-07-14 10:22:28 PM  

Ishkur: namatad: what will happen to economies when there are LESS consumers?

Some interesting data metrics to be studied by economists for decades.....

The problem is Capitalism only operates under a policy of constant growth, which is fine so long as population keeps increasing, but naturally there is a relative maxima to that. Things can't trend upward forever.

Japan is the first country to broach this problem.


You mean there could be a possible alternative? NOMG.
 
2014-07-14 10:31:05 PM  
As Gen Xers, we always knew the Boomers were entitled pricks and only existed to take everything and we didn't expect to have anything like social security or retirement, not automatically given to us anyway. We're the "slacker generation" even though we sort of do everything. So it's cool, I don't really think about retiring anyway. I love my work and would be bored to death if I had to retire anyway.
 
2014-07-14 10:34:20 PM  

SecretAgentWoman: Fark the boomers, and fark the millenials, what about us slackers...uh, wait, what are we called again. Um, selfish...lazy, angst-ridden. No, that's not it. Um...

Delusioned?

Generation X! Yes, that's it.

It's great to know my parents and my kids will still be ok when I'm living in my cardboard box eating cat food.


Dude, how are you going to get an Xbox in a cardboard box?  Plus, have you seen how expensive cat food is?  We will be eating ramen and tripe when we're old.  That or they'll come out with "I can't believe it's not chicken" flavored food product by then.
 
2014-07-14 10:50:07 PM  

Ishkur: nickdaisy: Breaking news: poor people reproduce more often than rich people.

Yes, but rich people have more money. If only we considered taxing them.

nickdaisy: Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

That's not the problem at all. Social security is fine so long as there is always a higher proportional working population than a retired population. The problem with the Boomers is they are a fat demographic bulge and the Gen-Xers -- the breadwinners of the system right now, currently in their 30s and 40s and the largest contributors to SS -- are not. The Millenials haven't really gotten their careers going, most of them are still in school or unemployed.

Overall, what is happening is we have an aging population -- the first Boomers have just turned 65 and the next 80 million of them will retire within the next 10-15 years. People need more social services the older they get (everything from pensions to healthcare), so it's putting a strain on SS coffers. Japan is going through the same problem and their ave. population is even older than ours. This is not something that could ever be avoidable, thus in the future we should try to prevent ourselves from having any flash baby booms, thus they wreck SS 70 years down the line.

Just a thought.


rubbish.  if earnings are less than in previous generations, you can have as many takers as you want, but they won't make up for the pure shortage of makers.

there's no such thing as a free lunch.  or a free unconstitutional federally mandated retirement system.
 
2014-07-14 11:03:28 PM  

nickdaisy: Ishkur: nickdaisy: Breaking news: poor people reproduce more often than rich people.

Yes, but rich people have more money. If only we considered taxing them.

nickdaisy: Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

That's not the problem at all. Social security is fine so long as there is always a higher proportional working population than a retired population. The problem with the Boomers is they are a fat demographic bulge and the Gen-Xers -- the breadwinners of the system right now, currently in their 30s and 40s and the largest contributors to SS -- are not. The Millenials haven't really gotten their careers going, most of them are still in school or unemployed.

Overall, what is happening is we have an aging population -- the first Boomers have just turned 65 and the next 80 million of them will retire within the next 10-15 years. People need more social services the older they get (everything from pensions to healthcare), so it's putting a strain on SS coffers. Japan is going through the same problem and their ave. population is even older than ours. This is not something that could ever be avoidable, thus in the future we should try to prevent ourselves from having any flash baby booms, thus they wreck SS 70 years down the line.

Just a thought.

rubbish.  if earnings are less than in previous generations, you can have as many takers as you want, but they won't make up for the pure shortage of makers.

there's no such thing as a free lunch.  or a free unconstitutional federally mandated retirement system.


I always love it when somebody who doesn't like laws passed by Congress, signed by the President and vetted by the SCOTUS, that they claim the laws are still unconstitutional because the laws are not explicitly in the U.S. Constitution, like SSI.

Deal with it, baby.
 
2014-07-14 11:06:10 PM  

bdub77: F*ck both of you.

Sincerely,
Gen X.

/goddamnit someone already beat me to it.


i feel your pain, bro.

/gen x

my douchebag parents kicked me out on the street when i was 16, and said if i worked hard, i would become successful.  still waiting...
 
2014-07-14 11:10:45 PM  

nickdaisy: Breaking news: poor people reproduce more often than rich people.

Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

We are going to see a major cut in social services over the next few decades. We can either prepare now and make tough choices, or have tough choices made for us when there's no more money.

Thanks Obama! (And Dubya-- prescription drug plan, LBJ-- war on poverty, and the grand poobah of unfunded federal largess FDR)


Are we not still, by far, the wealthiest nation on Earth? Yet other countries--most of them--manage to maintain more effective social services than the USA.
 
2014-07-14 11:12:15 PM  

AirForceVet: nickdaisy: Ishkur: nickdaisy: Breaking news: poor people reproduce more often than rich people.

Yes, but rich people have more money. If only we considered taxing them.

nickdaisy: Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

That's not the problem at all. Social security is fine so long as there is always a higher proportional working population than a retired population. The problem with the Boomers is they are a fat demographic bulge and the Gen-Xers -- the breadwinners of the system right now, currently in their 30s and 40s and the largest contributors to SS -- are not. The Millenials haven't really gotten their careers going, most of them are still in school or unemployed.

Overall, what is happening is we have an aging population -- the first Boomers have just turned 65 and the next 80 million of them will retire within the next 10-15 years. People need more social services the older they get (everything from pensions to healthcare), so it's putting a strain on SS coffers. Japan is going through the same problem and their ave. population is even older than ours. This is not something that could ever be avoidable, thus in the future we should try to prevent ourselves from having any flash baby booms, thus they wreck SS 70 years down the line.

Just a thought.

rubbish.  if earnings are less than in previous generations, you can have as many takers as you want, but they won't make up for the pure shortage of makers.

there's no such thing as a free lunch.  or a free unconstitutional federally mandated retirement system.

I always love it when somebody who doesn't like laws passed by Congress, signed by the President and vetted by the SCOTUS, that they claim the laws are still unconstitutional because the laws are not explicitly in the U.S. Constitution, like SSI.

Deal with it, baby.


There are a lot of people who obviously don't understand what a constitution is. Anyone who has bothered to start a business or even set up a World of Warcraft clan should know what a constitution is.

While Social Security has the very basic characteristics of a Ponzi scheme, in that it transfers wealth generationally and requires basically a continuous or at least regular population growth dynamic, it's much more transparent and has lasted a long long time. Still, if we wanted to reduce the overall population slowly over time, we would need to rethink the characteristics of  this arrangement.
 
2014-07-14 11:12:24 PM  

AirForceVet: I always love it when somebody who doesn't like laws passed by Congress, signed by the President and vetted by the SCOTUS, that they claim the laws are still unconstitutional because the laws are not explicitly in the U.S. Constitution, like SSI The Air Force

Deal with it, baby.

 
2014-07-14 11:29:05 PM  
Happy to do so. Am I supposed to biatch and moan that we're a society which supports the elderly?
 
2014-07-14 11:45:23 PM  
In other news, simple graphics reveal boomers are on the edge of a cliff in all countries.
 
2014-07-14 11:45:36 PM  

Marcus Aurelius: Social Security is easy to save.  Simply reinstate FISA taxes above, say, $600k a year of total income and capital gains.


Yeah, give them more money to spy on us without warrants.  That's what we need.
 
2014-07-14 11:48:43 PM  
Solution:

img3.wikia.nocookie.net
 
2014-07-14 11:49:28 PM  

DamnYankees: Happy to do so. Am I supposed to biatch and moan that we're a society which supports the elderly?


If you're a proud American (tm) then yes, you are supposed to biatch and moan about supporting lazy old people who should have saved for their own retirement (nevermind people don't make enough to save anything for incidentals, much less retirement).
 
2014-07-15 12:37:56 AM  
Clearly the only possible solution is to gut as many pension plans as possible and privatize Social Security so when your Grandparents who are too intimidated to push the "On Demand" button on the remote control get a visit from such a NICE young man who reminds them of that pleasant fellow who used to be on "The Love Boat," what was his name? Arthur or something like that, well, he prayed with us and told us that we can easily triple our money if we just take it out of those supermarket index finger funds or whatever it was you bought us and put every penny into the chance-of-a-lifetime Freedonian Snipe Pelt Company -- or was it "Goldline?" Either way, we got this lovely framed certificate and I'm sure that first check is going to arrive any minute and until then your Grandfather can just take his insulin every *other* day....
 
2014-07-15 12:44:24 AM  

Marcus Aurelius: Social Security is easy to save.  Simply reinstate FISA taxes above, say, $600k a year of total income and capital gains.


Or just raise the retirement age a few years.

/if it was good enough for Reagan
 
2014-07-15 12:46:25 AM  

Mr. Coffee Nerves: Clearly the only possible solution is to gut as many pension plans as possible and privatize Social Security so when your Grandparents who are too intimidated to push the "On Demand" button on the remote control get a visit from such a NICE young man who reminds them of that pleasant fellow who used to be on "The Love Boat," what was his name? Arthur or something like that, well, he prayed with us and told us that we can easily triple our money if we just take it out of those supermarket index finger funds or whatever it was you bought us and put every penny into the chance-of-a-lifetime Freedonian Snipe Pelt Company -- or was it "Goldline?" Either way, we got this lovely framed certificate and I'm sure that first check is going to arrive any minute and until then your Grandfather can just take his insulin every *other* day....


now I haz a sad.
 
2014-07-15 12:46:27 AM  

bdub77: Still, if we wanted to reduce the overall population slowly over time, we would need to rethink the characteristics of  this arrangement.


What incentive do we have to do that?  And why would we want to?
 
2014-07-15 12:52:55 AM  
Oh look, it's this article again.
 
2014-07-15 12:54:56 AM  
Doom and gloom! Doom and gloom!
 
2014-07-15 12:56:34 AM  

Marcus Aurelius: Social Security is easy to save.  Simply reinstate FISA taxes above, say, $600k a year of total income and capital gains.


I agree on raising the income uppers, but  I think the capital gains should be guarded for the first million a year. Yes, that's a lot of money, but it's a luxurious level without being silly.
 
2014-07-15 12:57:40 AM  
The baby boomers need to croak already!
 
2014-07-15 12:59:28 AM  
Japan better get over their fear of dirty foreigners or find a social/technological solution.

i.imgur.com
 
2014-07-15 12:59:51 AM  

AirForceVet: I always love it when somebody who doesn't like laws passed by Congress, signed by the President and vetted by the SCOTUS, that they claim the laws are still unconstitutional because the laws are not explicitly in the U.S. Constitution, like SSI.

That's because they believe that the founders, who wrote one of the smallest framework constitutions in world history, with an explicitly defined change mechanism, meant for America to work the same way for all time.

I can't believe we even let these people vote.
 
2014-07-15 01:02:05 AM  
Did I stumble upon the politics tab? Where am I?

/I'm scared and lost
 
2014-07-15 01:04:20 AM  

Random Internet Persona: Did I stumble upon the politics tab? Where am I?

/I'm scared and lost


Never fear, you are in a safe place.

However, it costs $11.95/hour to stay here so please submit your credit card information.
 
2014-07-15 01:06:51 AM  
Hey, Gen-Xers, get this;

If you want to become rich and independent over the next twenty years, you need to find a niche.

Now, what are we going to have a whole lot of over the next 30 years?

Yeah, that's right, I heard someone say it over there in the back corner. We'll have a lot of old people.

So, if you want to get rich, and you're not too busy being whiny, lazy, wimpy, selfish, entitled, excuse making bastages, start thinking about the three zadillion ways you can make money by providing needed services to people who are in the last stages of their life experiences.

Sorry I had to lay it out for you with such condescension, but that's the only way we can cut through the noise of all your blubbering.
 
2014-07-15 01:08:37 AM  

revrendjim: Are we not still, by far, the wealthiest nation on Earth? Yet other countries--most of them--manage to maintain more effective social services than the USA.


There may be more total wealth in the USA than anywhere else. But we are not the wealthiest nation. We are a nation of poor people and some really wealthy people with a bigass military.

/I debated a comma before "with a bigass military." Decided it works both ways.
 
2014-07-15 01:09:27 AM  

Ambivalence: Random Internet Persona: Did I stumble upon the politics tab? Where am I?

/I'm scared and lost

Never fear, you are in a safe place.

However, it costs $11.95/hour to stay here so please submit your credit card information.


Oh OK cool!

Also I haven't heard from my Nigerian prince in a while. Could you contact him for me? He was dreamy.
 
2014-07-15 01:09:27 AM  

SecretAgentWoman: Fark the boomers, and fark the millenials, what about us slackers...uh, wait, what are we called again. Um, selfish...lazy, angst-ridden. No, that's not it. Um...

Delusioned?

Generation X! Yes, that's it.

It's great to know my parents and my kids will still be ok when I'm living in my cardboard box eating cat food.


Millennials actually like your generation, long live the 90s!
 
2014-07-15 01:10:11 AM  

AirForceVet: nickdaisy: Ishkur: nickdaisy: Breaking news: poor people reproduce more often than rich people.

Yes, but rich people have more money. If only we considered taxing them.

nickdaisy: Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

That's not the problem at all. Social security is fine so long as there is always a higher proportional working population than a retired population. The problem with the Boomers is they are a fat demographic bulge and the Gen-Xers -- the breadwinners of the system right now, currently in their 30s and 40s and the largest contributors to SS -- are not. The Millenials haven't really gotten their careers going, most of them are still in school or unemployed.

Overall, what is happening is we have an aging population -- the first Boomers have just turned 65 and the next 80 million of them will retire within the next 10-15 years. People need more social services the older they get (everything from pensions to healthcare), so it's putting a strain on SS coffers. Japan is going through the same problem and their ave. population is even older than ours. This is not something that could ever be avoidable, thus in the future we should try to prevent ourselves from having any flash baby booms, thus they wreck SS 70 years down the line.

Just a thought.

rubbish.  if earnings are less than in previous generations, you can have as many takers as you want, but they won't make up for the pure shortage of makers.

there's no such thing as a free lunch.  or a free unconstitutional federally mandated retirement system.

I always love it when somebody who doesn't like laws passed by Congress, signed by the President and vetted by the SCOTUS, that they claim the laws are still unconstitutional because the laws are not explicitly in the U.S. Constitution, like SSI.

Deal with it, baby.


I know, it's great that we can subvert the document that's supposed to protect us against excessive government, isn't it!
 
2014-07-15 01:11:03 AM  

revrendjim: nickdaisy: Breaking news: poor people reproduce more often than rich people.

Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

We are going to see a major cut in social services over the next few decades. We can either prepare now and make tough choices, or have tough choices made for us when there's no more money.

Thanks Obama! (And Dubya-- prescription drug plan, LBJ-- war on poverty, and the grand poobah of unfunded federal largess FDR)

Are we not still, by far, the wealthiest nation on Earth? Yet other countries--most of them--manage to maintain more effective social services than the USA.


Do the math, are we the wealthiest? http://www.usdebtclock.org/
 
2014-07-15 01:17:07 AM  

Ishkur: nickdaisy: Breaking news: poor people reproduce more often than rich people.

Yes, but rich people have more money. If only we considered taxing them.

nickdaisy: Reality of the situation: more poor people does not equate to a productive population that can sustain a rapidly expanding welfare state.

That's not the problem at all. Social security is fine so long as there is always a higher proportional working population than a retired population. The problem with the Boomers is they are a fat demographic bulge and the Gen-Xers -- the breadwinners of the system right now, currently in their 30s and 40s and the largest contributors to SS -- are not. The Millenials haven't really gotten their careers going, most of them are still in school or unemployed.

Overall, what is happening is we have an aging population -- the first Boomers have just turned 65 and the next 80 million of them will retire within the next 10-15 years. People need more social services the older they get (everything from pensions to healthcare), so it's putting a strain on SS coffers. Japan is going through the same problem and their ave. population is even older than ours. This is not something that could ever be avoidable, thus in the future we should try to prevent ourselves from having any flash baby booms, thus they wreck SS 70 years down the line.

Just a thought.


Carousel at age 60?
 
2014-07-15 01:18:31 AM  
Remember, y'all.  Those young / old / middle aged / brown / white / black / gay / straight / deist / atheist / male / female people are SCREWING YOU OUT OF YOUR FUTURES!
 
2014-07-15 01:21:23 AM  

bunner: Remember, y'all.  Those young / old / middle aged / brown / white / black / gay / straight / deist / atheist / male / female people are SCREWING YOU OUT OF YOUR FUTURES!


Hey let's not be excluding anyone now.
 
2014-07-15 01:21:50 AM  
While the Millennials are busy trying to pry a future from grandma's cold dead hands, the X'ers are happy to find enough cans for a $0.99 cheeseburger.
 
2014-07-15 01:23:04 AM  

Random Internet Persona: Hey let's not be excluding anyone now.


Exactly, you forgot the jews
 
2014-07-15 01:30:01 AM  

macdaddy357: The baby boomers need to croak already!


I don't want to go on the cart!
 
2014-07-15 01:33:26 AM  

frostus: macdaddy357: The baby boomers need to croak already!

I don't want to go on the cart!


If your society needs to put everybody over 50 on an ice floe and push it into the sea in order for it to function, then your society is farked and it doesn't.  And it will eat you.  Ha ha.
 
2014-07-15 01:35:29 AM  

frostus: macdaddy357: The baby boomers need to croak already!

I don't want to go on the cart!


I'm not dead!
 
2014-07-15 01:39:47 AM  
I just turned 65.  I have worked insofar as possible since I left high school, with the exception of fragmented years of college funded by scut jobs and GI Bill money earned by serving in the Navy.  Have helped raise four kids, and now live alone.  Have not been at all prodigal with funds, yet if I were to lose my job tomorrow I'd have enough to last about seven careful months before home would be a stolen piece of plastic under a freeway overpass somewhere.  I feel the discomfort of you young 'ns, but it's not the farking Boomer's fault your future is going to suck badly unless there's a long-overdue fair redistribution of wealth and a change in our national priorities- a situation whose probability I'd place at about 0.033 %.  I fear it is too late, but urge all of you that will likely still be breathing 25 years hence to act now to the utmost of your ability and at the limit of your strength to try.  Not ashamed to Boom, not happy about what's coming after I'm gone.  It's a hell of a thang.
 
2014-07-15 01:40:16 AM  

Mugato: As Gen Xers, we always knew the Boomers were entitled pricks and only existed to take everything and we didn't expect to have anything like social security or retirement, not automatically given to us anyway. We're the "slacker generation" even though we sort of do everything.


Yeah yeah, tell yourself that. Simple fact is Gen Alphabet Soup will hate you guys just like the Boomers hated the Greatest Generation before them, etc, etc.
/you are fuking slackers
//yeah, all of you
 
2014-07-15 01:40:18 AM  

Random Internet Persona: I'm not dead!


You're not fooling anybody.
 
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