[SDGOP]

Ay caramba

[MNJohnnie]

Ah that is a misquote. He said they would stain US. Guess no one told him about Bill Clinton.

[Jedidah]

You have a problem with what he said?

[fourmation599]

Should read.... Illegal immigration threatens retirements of baby boomers.

[KarlInOhio]

As the population ages, the nation will have to choose among higher taxes, less non-entitlement spending by the government, a reduction in spending on entitlement programs, a sharply higher budget deficit or some combination thereof, Bernanke said.

Meanwhile our political leaders stick their fingers in their ears and say "la-la-la-la-la-I'm not listening-la-la-la-la-la".

[MrEdd]

If history is any indicator, no they won't.

Too many Boomers sucking on social services will cause the cessation of social services, just like in The Wiemar Republic. Hopefully without a dictatorship, but the abandonment of large elderly populations with little intimate connection to the younger generations is not a new happenstance, and the consequences are not going to be something new either.

[Jaysun]

Finally, this man opens his mouth and something other than unadulterated and destructive bullshit comes out. "Baby boomers" are a red herring, they aren't the problem. Haven't they been paying into these socialist programs for half a century now? Where's their money? The problem isn't the baby boomers, it's the programs themselves. They're set up and operate in the same way that a chain letter is set up and operates. They're unsustainable.

[roses of sharon]

The President tried to talk about this, the Whining Baby Boomers said no.

Have the Whining Baby Boomers ever been told no?

[groanup]

bump

[Spirochete]

As the population ages, the nation will have to choose among higher taxes, less non-entitlement spending by the government, a reduction in spending on entitlement programs, a sharply higher budget deficit or some combination thereof, Bernanke said.

I vote for option three.

[what's up]

As the population ages, the nation will have to choose among higher taxes, less non-entitlement spending by the government a reduction in spending on entitlement programs, , a sharply higher budget deficit or some combination thereof, Bernanke said.

I pick the highlighted item.

[telebob]

Hey Pop - get in this box and eat this cyanide pie. That's good boy!

Boomer Bob

[Proud_USA_Republican]

All this crap about the baby boomers retiring and their being a large brain drain in the US is a load. I don't see any of them retiring. My dad is 74 and still happily working.

[qam1]

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.

[pabianice]

You can have my Navy pension when you pull it from my cold, dead, salty fingers...

[groanup]

The idea of "retirement" was cooked up in the Weimar Republic as a way to manipulate the work force. If we think there is going to be anything similar to leisurely golf course living and suffle board playing over the next 50 years I think we are all sadly mistaken. There aren't enough baby boomers with any retirement money to buy all those shuffle board condos. And when the current crop of retirees goes to heaven or hell, there will be a lot of empty Del Boca Vistas.

Future retirees will be part time workers for life.

[TheCrusader]

"Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers will place major strains on the nation's budget and the economy, Federal Reserve Chairman Ben Bernanke said Wednesday."

President Bush's answer to this inevitable problem is to grant amnesty to 20 million illegal Mexicans living in our midst. The Democrats' answer will be to raise everyone's taxes to 50%, while the younger generation pushes for legalized "assisted suicide" to get rid of the elderly 'problem'. The fact that we've aborted away 45 million American taxpayers, (one third of an entire generation), is coming back to haunt us. Probably all three of the above 'solutions' to the problem will find their way into being.

[LZ_Bayonet]

I really all comes down to "Redistribution of Income" and who has the "VOTES". The Dems just analyze income, age, population distribution etc., then formulate a variety of policies to insure that a majority of voters are "Takers". "ROI", short for "Return On Investment" may come to be political shortspeak for "Redistribution Of Income".

[ichabod1]

Boo frickin' hoo. They'll strain SS for 20 years or so, and then like the ripple in the pond, all will be still again.

[cherry]

easy solution.....index SS benefits so those already reaping, some would say raping, Uncle Sam would not be double or triple dipping into the govt coffers.....

another solution...NOBODY BUT NOBODY GETS A PENSION FROM THE GOVT OR PRIVATE INDUSTRY UNTIL AT LEAST AGE 62....

[muleskinner]

Didn't Reagan want to do something about this 30 years ago? There was talk of privatizing SS back then, but the democrats pulled their usual "Granma will be reduced to eating Alpo" routine and that was that.

Had we had the courage to do what needed to be done, we'd all be retiring in tall cotton. Just look what Chile did with their retirement system, and that was/should be the model for us. otherwise, invest in foreign market mutual funds,i.e., Russia Fund.