Posted on 02/02/2005 8:08:48 AM PST by qam1
The truth is the socialists in this country have raised the debts, regulations and taxes to the point where someone is going to get burned, it is either be the Baby Boomers or Gen X and Gen Y; I don't mention any future generations because if Gen X and Gen Y get burned by this they will not be able to afford to have any children.
Check out http://www.socialsecurity.org/catoplan/
And won't be because it "opts out" those receiving the funds you won't be paying.
There is no trust fund, as you know. So that leaves us the serious question, do you advocate that they not be paid?
AND, when SS started the average "retiree" lived only another couple of years after retirement......
As a woman, I have conciously NOT worked for Moola for the past 10plus years (married to a guy who works hard).....I "work" at home....making life easier for him....so he can WORK and earn. I resented working at a job I hated and then ALSO paying 15% to the gov't for something badly invested....realisticly, at my age, I probably WILL see something (53).....
AND, now, furthermore, instead of funding the grandson's "education" we will be funding his "retirement" fund.....with long term investments.....that he cannot touch until a LOOONG time from now.
I'm of the baby boomer generation, and I'm with you, Kid! I am totally disgusted with "Medicare to Cover Drugs for Impotence" and similar 'entitlements' for us older citizens! From the article at http://story.news.yahoo.com/news?tmpl=story&cid=2026&ncid=2026&e=5&u=/latimests/20050201/ts_latimes/medicaretocoverdrugsforimpotence
"These are drugs that treat a condition that compromises the quality of life but doesn't threaten life," said Dr. Ira Sharlip, a professor of urology at UC San Francisco. "But there are many drugs that are approved for quality-of-life indications. It wouldn't be right to single out [impotence drugs] as frivolous when there are so many others in the same category" such as prescription drugs for indigestion or mild pain, he said."
"U.S. sales of drugs to treat impotence have leveled off at about $1 billion a year, despite heavy advertising on televised sports events and other promotional campaigns."
If you're old enough to be on medicare (65+), you can pay for your own Viagra...don't ask young people to pay for your arrogant need to continue pretending YOU'RE still 21!!
Sorry, folks, but it's time seniors (and that's what many of us are) find a little more dignity, and stop trying to act like we're still 20.
Let them get paid from the "trust fund." After all, that is the promise being made to those who they are living off of today.
There is no trust fund, as you know. So that leaves us the serious question, do you advocate that they not be paid?
I advocate we all go to the moon. They both have the same chance of happening.
If the retirement age needs to go up to 72, some current retirees need to go back to work.
Same as the Dems.
If there will be means testing in 20 years, start doing it now.
Same as the Dems.
If there will be hefty tax increases to fund the system, start taxing the boomers now when they are in their prime years.
Same as the Dems.
But most important, those who are retired or nearly so, and who will be unaffected by any reforms should STFU while we are making plans to avert a crisis that will occur after they are dead.
Good idea, try it out on a few. See if you can get an elected official to tell 'em. See if you can get someone on the ballot with that platform.
I'm happy I gave you a chance to vent, but I was commenting on realistic proposals. Not Democrat "solutions". Or insincere dreams.
The problem is; we are saddled with a fundamentally flawed and incorrectly conceived (but popular) government Ponzi type scheme. The question is how do we realistically get rid of it and set people free again to provide for their own retirement?
The Dems essentially have the same plan by default that you advocate.
the problem your generation is facing , as well as mine, as a 51 yro, is that "them that gots the gold, rules"....or in simpler terms, the rich get richer.....
the game is stacked....and the only thing you can hope is that one of your elderly parents is rich and leaves enough for you and your siblings to get by on....
I know I sound harsh, but that's just the way I see it....
we have done a huge disservice to young and middle age people in our country, and everyone just wants to gloss over it....
truth is, there is a going to be a remarkable sinking of the way of life for our younger people......unless we help them....
That's when you point out that under the current system, the worker has NO RIGHTS to his money. 2 prior Supreme Court cases state clearly that this is true. Any Democrat against privitization will face the heat from bloggers, because this is the issue.
"If you're old enough to be on medicare (65+), you can pay for your own Viagra...don't ask young people to pay for your arrogant need to continue pretending YOU'RE still 21!! "
Too true! After yesterday, and thanks to Bush's massive pres. drug benefits increases last year, us taxpayers are now subsidizing the sex lives of seniors.
Only in America.
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If you're young enough to complain about this then you've got plenty of time to get yourself set for life without SS benefits. You might start by getting an education that gives you the skills to write a decent, grammatical, cogent sentence.
http://www.freerepublic.com/focus/f-news/1334438/posts
http://nationalreview.com/comment/moran200502020755.asp
http://www.freerepublic.com/focus/f-news/1334438/posts
http://nationalreview.com/comment/moran200502020755.asp
We'll see. I appreciate the info. I just don't know what if anything will actually pass. I hope it includes me.
I have NO idea what the truth is or what will happen; I am the last person on this forum to understand economics, etc.
I'm just passing along what I saw.
I appreciate it.
At 37 you've got plenty of time to get yourself set, unless you've managed to dig a really deep hole already and life has burdened you with maxed out responsibilities. Even then, you could do it. Forget SS, it might or might not be there so behave as if it won't and drink to your good fortune if it is. Pay off all credit card debt before you go to the movies and the diner again. Own your car and take car of it. Negotiate the lowest rate on your home if you have one. Then start buying investment real estate. You have thirty years to acquire four to six small properties and have them paid for through debt that services itself. Even if you only manage to get four you'll have @ $50k/yr income (in today's dollars). Assuming you have paid off your own residence you should be ok. If you manage to secure six you'll see @ $72k/yr. It's not that hard to do. You just have to be committed to your own welfare.
The Dems essentially have the same plan by default that you advocate.
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