-Amused Depression Baby...
;)
Posted on 05/27/2010 7:08:03 AM PDT by blam
Worrying about “inflation” is fighting the wrong war. The bigger danger is “deflation” in housing prices, stocks, and salaries.
I like your tag line....own four myself... 17, 19, 21, 26
“They are the ones who’ve cleaned up these past 3-4 decades....”
You got that right. Most of these blue hairs have already drawn WAY more our of SS than they ever put in. But if you want their vote, you have to promise them more.
The fact that they tossed a few bucks in is nothing more than their fig leaf to avoid the truth: they’re on welfare.
Other than that, everything is hunky dory!
Man, I want to jump now....
>>Reagan was a Boomer?
No, I think it is an aircraft carrier.
*nyuck nyuck nyuck*
I have an 85 year old aunt that worked in a fabric mill after the war for enough time to qualify for SS (13 quarters at the time). Her ‘contribution’ was a few cents a weekly paycheck....she quit soon thereafter to have 4 children. Her husband who died last year was 5 years older. He’d worked just long enough as a carpenter to qualify and then went to work for the school board for 30 years (they did not pay SS because they opted out) He collected two retirements....upshot of it is that both paid cents and got back thousands over 25 years and (one)still going strong.....
I have the 17 and 26.
I prefer the 26 and shoot far better with it than the 17 for some reason.
I don’t get it. You would think the 17 would be better.
Anyway, I have TENS OF THOUSANDS of rounds through my glocks and never a jam, an issue, nothing.
True, and if you talk to them, they think they are getting screwed.
A lot of us boomers are still working.
I love my 21 the most....it's a tricked out water-transfer BRD camo one that is just plain awesome....extended mag release, Night Sights, lanyard ring, rail, extended slide release, etc.....also have the KaBar bayonet just to piss off the liberals...it is an awesome sight....
-Amused Depression Baby...
;)
Never had any doubt the boomers would spend it all and destroy the country before my retirement.
2 posted on Thursday, May 27, 2010 10:09:28 AM by RockyMtnMan
Gee, don’tcha think you should put the blame, where the blame belongs. Who spent it? Pelosi, Obama and Reid and congress who voted yea for it.
Well said Gaffer! No one ever mentions the Trillions the Boomers contributed to SS over past few decades only to have it promised to folks who never contributed a dime and what about trillions siphoned out of the “lock box” into the General Treasury? Now we're the bad guys?
The half of the country that wants to live for today cuts across all age groups.
The money is taxed.
You buy all your life things that were taxed heavily before you bought them.
You try and save, probably bought property and paid taxes on the property and taxes on the interest earned on savings.
When you die, the government comes in to tax your estate into the government so they can spend your money in their opinion better than your family can.
Government spends like a drug addict and it is simply disgusting.
The boomers helped put him into power ...
Sounds like Rawles book Patriots is becoming less and less fiction by the month. After someone here in the forum mentioned it, I went out and got it and promptly scared the $#!t out of myself reading it. I have guns/ammo/friends and a jumping off spot that is well secured. Have to work on the other things.
Obama’s new plan..
‘Subdued reported inflation also enables the Fed to rationalize easy money. The Fed wants to have low interest rates to fight unemployment, which, in a new version of the trickle-down theory, it believes can be addressed through higher stock prices. The Fed hopes that by denying savers an adequate return in risk-free assets like savings deposits, it will force them to speculate in stocks and other “risky assets.” This speculation drives stock prices higher, which creates a “wealth effect” when the lucky speculators spend some of their gains on goods and services. The purchases increase aggregate demand and lead to job creation.
Easy money also aids the banks, helping them earn back their still unacknowledged losses. This has the perverse effect of discouraging banks from making new loans. If banks can lend to the government, with no capital charge and no perceived risk and earn an adequate spread, then they have little incentive to lend to small businesses or consumers’
So he is purposefully with the fatcat buddies help, withholding making loans, denying adequate return for savers, so they will trade in stocks, while the banks lend to government...
And they wonder why main street claims there is no recovery.?
No need for a trip the Obama and party are turning the USA in Cuba every day.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.