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The Young and the Ripped-off
Opinion Journal ^ | 6/24/05 | Stephen Moore

Posted on 06/24/2005 2:35:57 PM PDT by qam1

The Young and the Ripped-off

It was just about 35 years ago that the youth movement made one of its most famous imprints on American history when thousands of college kids and 20-somethings marched on the capital in Washington to protest the Vietnam War. The peacenik hippies commanded headlines by burning their draft cards and reciting the memorable chant: "Hell no, we won't go."

Well, the youth movement is alive and well in America, but this time the students aren't denouncing war, but taxes -- Social Security payroll taxes to be precise.

This Sunday, several thousand college-aged kids (Generation-Y) and young professionals (Generation-X) will participate in the Storm for Reform protest in Washington on Capitol Hill. Students will be bused in from across the east coast, from Pennsylvania to North Carolina. And how's this for a blast from the past: Instead of burning draft cards, these student protestors plan on shredding their Social Security cards. "Social Security is a miserable deal for today's young people," says event organizer Jessica Colon, director of Fix Our Future.com. "My generation gets the joke that we will have to pay in all this money in taxes, and won't get anything out of it."

On a separate track, another youth group, Students for Saving Social Security, will be pounding on Senate and congressional office doors this week and next to demand a modernization of the system. Olympia Snowe's Senate office will be one of the first to be visited.

What these students want is large personal accounts for Social Security so they can invest the money themselves. As. Ms. Colon points out, today's youth are equally distrustful of big government and big business. "They're hostile to the idea of someone else controlling their money." The polls support this conclusion. By about a two-to-one margin

(Excerpt) Read more at opinionjournal.com ...


TOPICS:
KEYWORDS: genx; geny; olympiasnowe; privateaccounts; socialsecurity; stephenmoore; stormforreform
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Info for The Storm for Reform

http://www.fixourfuture.com/

1 posted on 06/24/2005 2:35:58 PM PDT by qam1
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To: qam1; ItsOurTimeNow; PresbyRev; tortoise; Fraulein; StoneColdGOP; Clemenza; malakhi; m18436572; ...
For anyone interested, I wish I found out about this sooner

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effects Generation Reagan / Generation-X (Those born from 1965-1981) 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 and previous articles.

2 posted on 06/24/2005 2:39:41 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: qam1
How can those born from 1965-1981 be Reagan generation? I worked Nixon campaign in 1972. They couldn't vote then. I also worked Reagan in 1981. They couldn't vote then. In fact, most of them began to vote during.... let's see...

um... Clinton.

Promoting conflict between the generations will not solve this problem. It's also stupid.

3 posted on 06/24/2005 2:51:39 PM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: Hi Heels

I think it's comments like that...that create generation conflict. That's just my opinion, though.


4 posted on 06/24/2005 3:00:36 PM PDT by Rushgrrl (~brought to you from the illegal-rich state of California~)
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To: Hi Heels
How can those born from 1965-1981 be Reagan generation?

See We’re Not Gen-X, We’re Gen-Reagan

It explains it better than I could

5 posted on 06/24/2005 3:15:12 PM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Rushgrrl
I didn't start it. This did...

"The Baby Boomers) are doing that Gen-X and Y will end up paying for. "

6 posted on 06/24/2005 3:32:04 PM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: qam1

Nah. If you didn't help vote the guy in, ya don't get to use his name. No tickee no washee.....


7 posted on 06/24/2005 3:33:31 PM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: Hi Heels

They should have our support..current plan calls for the to pay in 14% for around 45 years and the return on that is near zero..or negative. They should be burning the capitol building.
They are also right not to trust their employers with it either. I hope we didn't raise a bunch of dumb kids.
Maybe they will wise up and realize who votes against them.


8 posted on 06/24/2005 5:34:56 PM PDT by Oldexpat
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To: Oldexpat

Now..will it get any MSM coverage?


9 posted on 06/24/2005 5:35:30 PM PDT by Oldexpat
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To: Oldexpat
Now..will it get any MSM coverage?

Naw.

10 posted on 06/24/2005 5:53:30 PM PDT by MinorityRepublican
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To: Oldexpat

Ten dollars says FoxNews won't even touch thus with a ten-foot pole. Too divisive. It might offend the Washington Post.


11 posted on 06/24/2005 8:08:05 PM PDT by GoBucks2002 (MSM now stands for "Muslim Sympathizing Media." http://yankeered.blog.com)
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To: Oldexpat
One of the last things I read from an X Gen compatriot was that the boomers should be humanly euthanized at age 70. This was followed by several beer burping "here here"'s. On this forum. So, my sympathy is waning. Been working since age 16, nearly 40 years, and was never given a choice as to SSI contributions. Have my own fund as well, and am sure this will eventually be worked out. BUT and it's a BIG BUT, I'm not going to tolerate this "boomers are ripping us off" crap. I owe none of them nothing. Period. Paid my way every inch of the way, raised my kid by myself, worked GOP precincts since I was of age (again years), and do not deserve that kind of treatment from young punk wannabe conservatives thrashing around looking for someone to blame for the failure of an antiquated system rather than working for/towards a solution to a problem that will eventually effect their spoiled rotten carcasses. /rant
12 posted on 06/25/2005 10:11:15 AM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: Hi Heels
One of the last things I read from an X Gen compatriot was that the boomers should be humanly euthanized at age 70. This was followed by several beer burping "here here"'s. On this forum. So, my sympathy is waning. Been working since age 16, nearly 40 years, and was never given a choice as to SSI contributions. Have my own fund as well, and am sure this will eventually be worked out. BUT and it's a BIG BUT, I'm not going to tolerate this "boomers are ripping us off" crap. I owe none of them nothing. Period. Paid my way every inch of the way, raised my kid by myself, worked GOP precincts since I was of age (again years), and do not deserve that kind of treatment from young punk wannabe conservatives thrashing around looking for someone to blame for the failure of an antiquated system rather than working for/towards a solution to a problem that will eventually effect their spoiled rotten carcasses. /rant

Hey, I feel for ya.

I paid my first Social Security tax in 1969 and have been paying ever since.

However, we have not been paying "our way". All this time, every cent we paid went directly out the door to pay for retirees who were paying into a system that was started when there were ten workers for every retiree.

When FDR first came up with this Ponzi Scheme in the 1930's, even he admittted that some changes to the system would be necessary by the 1960's. However, no politicians ever had the guts to fix the mess.

When we retire, there will be two younger workers for everyone of us and they KNOW that, after they support us, there will be on their own as the system will sink.

Back in the 1970's and 1980's OUR generation should have been making a stink about Social Security but we never did. Our generation hoped that the Ponzi Scheme would at least hold up until we croaked in the 2030's.

As for me, I figured this out a long time ago and I have saved for my retirement with the assumption that there will be zero Social Security.

13 posted on 06/25/2005 10:26:58 AM PDT by Polybius
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Comment #14 Removed by Moderator

To: T.Smith
Let me think.....

Fostering 7 dogs

Freep at the Oscars

GS Leader

Reagan Museum FR Memorial coordinating

Single mom

Young republicans

Nixon's campaign

Reagan's campaign

McCormick's campaign

Pastor

Other than that I DO support bonafide work towards a resolution. I do NOT support comments like this: "including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for" or "maybe the boomers should be humanly euthanized at age 70". I find those comments and this viewpoint destructive and disrespectful. Kind of like the word "jerkoff".

So, other than NOT working the precincts, what have YOU done?

15 posted on 06/27/2005 7:21:42 AM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: Hi Heels
Let me think.....

Fostering 7 dogs - Dogs don’t vote.

Freep at the Oscars - Which accomplishes what?

GS Leader - So?

Reagan Museum FR Memorial coordinating - Again, which accomplishes what?

Single mom - A lousy life decision that does more harm than good

Young republicans…

Nixon's campaign…

Reagan's campaign…

McCormick's campaign…While I am a Reagan supporter, I don’t support doctrinaire Republicanism

Pastor - I’m also not a supporter of denominations who ordain single mothers.

Other than that I DO support bonafide work towards a resolution. I do NOT support comments like this: "including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for" or "maybe the boomers should be humanly euthanized at age 70". I find those comments and this viewpoint destructive and disrespectful. Kind of like the word "jerkoff". - If the shoe fits. How can you say that putting up a website to inform people of a protest at the Capital in support of SS reform is not “bonafide” work? Are you so much better for having “worked the precincts” of a party that has done NOTHING to make things better with respect to SS?

So, other than NOT working the precincts, what have YOU done? - I can tell you what I won’t do. I won’t work to elect Republicrats who have done nothing on this issue and promise to continue to do nothing.

16 posted on 06/27/2005 8:48:55 AM PDT by T.Smith
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To: qam1

Think this is bad......wait until the LaRaza types starting bitchin'about paying in SS for all those washed up, aging white people.


17 posted on 06/27/2005 8:54:19 AM PDT by american spirit
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To: qam1
Jeez, a lot of bitterness here.

Good.

All Social Security has ever done has been to relieve the greatest generation of their duty to support their parents in their old age, to remove the most productive workers from the workforce, and to keep the Cracker Barrels and the Golden Corrals in business.

18 posted on 06/27/2005 9:05:24 AM PDT by HIDEK6
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To: T.Smith
How can you say that putting up a website to inform people of a protest at the Capital in support of SS reform is not “bonafide” work?

I did not say that. AT all. Anywhere. So, besides not working at the precincts, fostering dogs, etc., you do....nothing. Right? Except insult people.

19 posted on 06/27/2005 9:10:59 AM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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To: T.Smith
Pastor - I’m also not a supporter of denominations who ordain single mothers.

The discussion is over.

20 posted on 06/27/2005 9:15:16 AM PDT by Hi Heels (Guns kill and cause crime? Dang, mine must be malfunctioning....)
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