Posted on 02/02/2004 7:47:58 PM PST by qam1
Edited on 04/13/2004 2:16:44 AM PDT by Jim Robinson. [history]
Adult daughter: "Mom, I hate to ask this, but we could really use some help with our mortgage payment this month."
Mother: "Last month it was your credit-card bill, this month your mortgage. If this begging keeps up, I won't be able to pay my property taxes this year. I'm only 75, and I'm halfway through my 401(k) plan."
(Excerpt) Read more at businessweek.com ...
Ping list for the discussion of the politics and social aspects that directly effects Generation-X (Those born from 1965-1980) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.
Freep mail me to be added or dropped. See my home page for details.
I knew that must be the source, or a leftist newspaper when I saw that term, Costly tax Cuts...
privatize!! we wouldn't have this problem.
Being robbed in a dark alley with a gun in my face is the same as being robbed at the ballot box, it is still being robbed. Gen-X and Gen-Y should be preparing themselves for a generational warfare of epic proportions as the boomers, the silent generation and the gimme generation spend Gen-X/Gen-Y into poverty, when the time comes to take care of their old, crusty carcasses, I say let them rot.
And don't forget the SS snail darter fund, Yeah lots of crap have been added to the original SS and getting rid of it would help but in the end like all Pyramid schemes it would still be destined to fail
What is not clarified here is that the Senior Citizens, as a group, are the biggest voting bloc. When the boomers retire, they will vote in every politician who will give them their benefits and more!!!!
Dear Gen X, Y and Z,
You will be enslaved to the government more than your fathers and grandfathers ever thought about. Resistance is futile.
Eliminating the 16th amendment in any decent way will be the prime way to slay this beast. (sigh)
This is false. In 2008, the Gen-X and younger voters will have a 13-million majority (52.8% of living eligible voters) over the Boomers and older voters. By 2012, the Gen-X and younger voters will have a 55.8% majority.
If the Gen-X and Gen-Y voters get busy and get united (even partially) they can decide every electoral and policy decision from 2008 until about 2030.
If the Gen-X and Gen-Y voters want to change the Social Security system, they can change it, and the Boomers will just have to adapt.
If the Gen-X and Gen-Y voters want to start a new political party, or two new parties, the Democrats and Republicans will disappear into the dustbin of history, along with the Whigs, Tories, Bull Moose, etc.
If the Gen-X and Gen-Y voters want a Gen-X president, they can accomplish it in 2008. The oldest of them will be 43, and they will have over 17 million to choose from.
If the Gen-X and Gen-y voters want to completely fill the House and Senate with Gen-X representatives and Senators, they can do it starting in 2008.
The neat thing is that even if the Boomers and older Silent members of the Republican, Democrat, Libertarian, Constitution, Reform, Green, and whatever else parties united against the Gen-X and Gen-Y voters, they would not have a majority of eligible voters in 2008, and never will again.
All you have to do is start rattling the cages of the 14-40-year-old eligible and turn them into active voters (preferably toward the conservative side).
Even if you can only roust half of them, you will still have more votes than either the Democrats or Republicans.
As it is, the younger voters are sullenly, and unnecessarily, following in the footsteps of the Boomers, waiting for them to drop some crumbs.
Amazing things can happen when the majority is aware of its numbers.
You will be enslaved to the government more than your fathers and grandfathers ever thought about. Resistance is futile."
And they are going to run out of gas
I took My 401k... Bought 60 acres, solar panels, batteries, inverter all the off grid stuff, fruit trees, and equipement, for my three daughters 16, 14,and 12..together we are learning to be self sustaining, I couldn't ask for a better retirement.
The only thing that the Gen-X and Gen-Y voters can't accomplish is to mandate self-reliance and productivity on the part of the American people. And nothing else will solve the problem.
Not-so-fast there, youngster. My crusty old carcass starts collecting all those bennies next year, and I expect you and all your young-little-buddies to keep working your asses off so I can enjoy my dotage!
Now, nose to the grindstone, and don't let up 'till we say so. And get me a Rye-and-Soda, dammit!...............FRegards
but we younger boomers....we carry the brunt of paying for the rich elderly and the younger folk....
My hubby and I talk about how we are just a little too late for most things, and too early for others....
eg....tax cuts....why is my 18 yro not considered a child for tax purposes?.....we pay more for her now than when she was 5....
eg #2 husbands pension quartered and put in the hands of the Pension Board....just a few more yrs and he would have been able to retire fairly well off....
eg #3 SS is there now, but by the time we get there, we won't be able to "get" there.....
so I don't want to hear about any Xer's or Yer's complaints.....its actually worse for my age group as far as taxes and benefits....
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