To: qam1
Boomers are whining because they might have to (gasp!) wait a couple of years before they get their piddly checks? And they think that's bending over?
Um, excuse me...What about the rest of us poor schmucks that will be working our cans off (3 of us for every retiree) to pay your benefits, when we in turn will get NOTHING?
I'm afraid it's the post boomers that will be getting the shaft, taking it in the backside, when this ill-conceived, fraudulent, multitrillion dollar house of cards comes crashing down. It should never have been implemented.
18 posted on
02/26/2004 8:21:12 PM PST by
Choose Ye This Day
(I've got a fever...and the only prescription is MORE COWBELL! --rock legend, Bruce Dickinson)
To: MNLDS
Boomers are whining because they might have to (gasp!) wait a couple of years before they get their piddly checks? And they think that's bending over? Of course, Notice the author doesn't even once mention keeping SS solvent for future generations or how he doesn't show any concern for how the current generation is suppose to pay for (Hey Lets raise taxes on our kids and grandkids), He doesn't care what happens afterwards as long as he gets his. The me,me,me,me generation at it's finest
26 posted on
02/26/2004 8:54:21 PM PST by
qam1
(Are Republicans the party of Reagan or the party of Bloomberg and Pataki?)
To: MNLDS
I'm afraid it's the post boomers that will be getting the shaft, taking it in the backside, when this ill-conceived, fraudulent, multitrillion dollar house of cards comes crashing down. It should never have been implemented. Some old bag who retired 20 years ago and is still alive has done well off the system -- she has gotten back far more than she and her late husband paid into it. Not that she appreciates this fact. Social Security originally was not a pension, but merely a little something to prevent complete destitution. It paid little but took little out a worker's paycheck, leaving him with more money to save and invest for himself. As with every government program, it expanded steadily (e.g., Disability was added in 1950) and only become a pension program in the 1970s.
People retiring now aren't profiting as much off of Social Security (they paid higher rates in SS taxes) and as for the baby boomers, such as myself, we're getting hosed. Back in the late 90s, someone (Alan Greenspan, I think) said that a person born in 1960 could expect a 1.8% return on her Social Security. She would do better sticking the money into a CD account, even with today's low interest rates.
To: MNLDS
Believe me, no more than five years of boomers will get anything, unless they're absolutely dirt poor, and completely incapable of working. And even those will get cut off after another five. Maybe when the fraud is exposed, you won't have to pay it anymore, we've had it sucked out of us our whole working lives. Most of us have been under the amount where they stop taking the tax out, so we've always paid it on whatever we earned.
Frankly, I'd be surprised if your generation, or the one following you doesn't put a bullet through our heads to avoid paying us.
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