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To: Incorrigible
Gen-Xer - I feel your pain. I am a Baby Boomer who has saved for retirement in a couple of years. Yes, many of my generation will vote to continue the Social Security largesse ... only because Baby Boomers were forced to cede countless thousands to S.S. to maintain the retirement of the WWII generation. Decades ago, I felt the same as you.

Equitable ways out of the S.S. mess have been proposed - the latest by G.W. Bush - and shot down by members of Congress who love incumbency. Decades from now, I'm afraid you'll be replying this lament to a disgruntled Gen-Yer.

My father retired at 65 and died at 76 ... he lived long enough to collect every cent he put into S.S. I'll have to live to 103 to recoup mine. I can only sympathize with the dire circumstances of Gen-X, Gen-Y, and those lower on the Ponzi pyramid.

98 posted on 06/24/2006 12:17:18 PM PDT by bimbo
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To: bimbo
only because Baby Boomers were forced to cede countless thousands to S.S. to maintain the retirement of the WWII generation. Decades ago, I felt the same as you.

Decades ago (I'll assume you mean the 80's) you had around 9 workers paying for each retiree.  Now, it's a 3:1 ratio.  And the tax rate has gone up since then!

Trust me, Gen X is feeling more pain relatively than you were decades ago!

Gen Y (almost as large as Baby Boomers) will vote in Euthanasia!

 

111 posted on 06/24/2006 12:28:28 PM PDT by Incorrigible (If I lead, follow me; If I pause, push me; If I retreat, kill me.)
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