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This is the age of war between the generations (Retiring Baby Boomers Threaten us with Bankrupcy)
The Times Online ^
| 06/03/2010
| Anatole Kaletsky
Posted on 06/03/2010 11:15:13 AM PDT by SeekAndFind
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Comment #2 Removed by Moderator
To: SeekAndFind
It's really Conservatives vs. 'Rats.
If the gov'ts (and corps) fully funded pensions on a year by year basis using the Fed's LT interest rates all should be well unless the Fed screws up.
What are the chances of the FED screwing up?
3
posted on
06/03/2010 11:19:46 AM PDT
by
Paladin2
To: SeekAndFind
4
posted on
06/03/2010 11:22:57 AM PDT
by
DuncanWaring
(The Lord uses the good ones; the bad ones use the Lord.)
To: SeekAndFind
Uh, no. It's insane government politics that is threatening us with bankruptcy.
I'm a baby boomer and I fully expect to work until I can afford to retire on my own dime.
I figured out a long time ago that I could not rely on the social security pyramid scheme.
5
posted on
06/03/2010 11:23:14 AM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
To: Paladin2
6
posted on
06/03/2010 11:23:47 AM PDT
by
Jim Robinson
(JUST VOTE THEM OUT! teapartyexpress.org)
To: SeekAndFind
I don’t know about England but here in the States, it was the Baby Boomers that built this country and made it one of the most powerful, must economically sound and most peaceful Nations in the world. Look at the country now. It’s not the Baby Boomers that are running it and tearing it down.
7
posted on
06/03/2010 11:24:20 AM PDT
by
RC2
To: Jim Robinson
Sorry, I forgot the /sarc.
8
posted on
06/03/2010 11:25:30 AM PDT
by
Paladin2
To: SeekAndFind
The boomers were held hostage by Social Security like everyone else:
When did Social Security start?
The Social Security Act was signed by FDR on 8/14/35. Taxes were collected for the first time in January 1937 and the first one-time, lump-sum payments were made that same month. Regular ongoing monthly benefits started in January 1940.
9
posted on
06/03/2010 11:27:24 AM PDT
by
donna
(The fruits of Feminism: Angry fathers, bitter mothers, fat kids and political correctness.)
To: RC2
I dont know about England but here in the States, it was the Baby Boomers that built this country and made it one of the most powerful, must economically sound and most peaceful Nations in the world
OK, let's look at history. First, lets ask ourselves, between what years were babies who were born considered, BABY BOOMERS?
Then, we ask ourselves -- what were the years that actually MADE America the most powerful, must economically sound and most peaceful Nation in the world...
Next, we ask ourselves, can America sustain this prosperity and economic soundness in the future ?
To: BitWielder1
As one of those “boomers” who has been forced to pay in to that society all my life, if I’m now told to “get lost” I would have to reply,
“Oh, I’ll get something but lost won’t be it!”
11
posted on
06/03/2010 11:28:13 AM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: BitWielder1
Uh, no. It's insane government politics that is threatening us with bankruptcy. I'm a baby boomer and I fully expect to work until I can afford to retire on my own dime. I figured out a long time ago that I could not rely on the social security pyramid scheme.Are you telling us you won't be accepting social security? After being forced into the system?
12
posted on
06/03/2010 11:29:16 AM PDT
by
rhombus
To: SeekAndFind
How much of the current new ongoing debt is related to the baby boomers? Good grief.
We have a nine year old who hates the United States with a passion, and is running around with the national credit card running up the balance to an unserviceable total. What more needs to be said?
13
posted on
06/03/2010 11:31:43 AM PDT
by
DoughtyOne
(J. D. Hayworth, the next Senator, the Great State of Arizona - Sen. Poopdeck, Panama is calling...)
To: RC2
*it was the Baby Boomers that built this country and made it one of the most powerful, must economically sound and most peaceful Nations in the world.*
Uh, no.
14
posted on
06/03/2010 11:31:53 AM PDT
by
j-damn
To: BitWielder1
Uh, no. It's insane government politics that is threatening us with bankruptcy.
Such as flooding the country with 20 - 40 million illegal aliens (who liberally partake of the safety net while depressing salaries and keeping law enforcement busy), currently bringing in 125,000 new legal workers (green cards and guest workers) per month (add this to home grown new entrants to the labor force (per wsj)and it will take 225,000 new jobs net each month to keep even on the unemployment rate), 'free trade' treaties which pit American companies and workers against global corporations and workers who are not burdened with onerous level of regulation and taxation, bringing in third world immigrants who are immediately plopped on SSI, Disability, etc. ...
15
posted on
06/03/2010 11:34:38 AM PDT
by
algernonpj
(He who pays the piper . . .)
To: RC2
I dont know about England but here in the States, it was the Baby Boomers that built this country and made it one of the most powerful, must economically sound and most peaceful Nations in the world. Look at the country now. Its not the Baby Boomers that are running it and tearing it down.
Maybe I missed the /sarc tag, but the Boomers have been actively destroying this country since they were teenagers and young adults.
Their mass retirements, along with their self-absorbed entitlement mentality--present from the start--are just going to be the sturm und drang of their final act.
To: j-damn
If not....how did you get here and inherit such a great country? Just look at the work ethics then and now. Look at what they produced. Look at how they protected this country for you and others so you could pick up and carry on. Now look at the younger generation and what they have done to our country. The Baby Boomers made their share of mistakes.........after all they are human, but.......they did their best and when you compare that today, the peoples best doesn’t even come close to being good. Just look at the people in Washington DC.
17
posted on
06/03/2010 11:36:49 AM PDT
by
RC2
To: SeekAndFind
The article's comments mention 'forced retirement.' It is not so much that retirement is forced, it is the absolute impracticability of work after 'retirement age.'
Consider the insurance premium exacted from the employer for aging employees.
Consider the very real effects of declining health.
Consider the financial & tax impact of 'double income.'
Consider the attitude of 'Bright Young Things' towards older people.
Consider the current unemployment rate.
Consider a previous Corporate Officer taking a job as a Walmart Greeter or McDonalds Counter Assistant!
.... .... or maybe as a Legislator - but that means being an incumbent!
To: ErnBatavia
Damn’d old boomers anyway.
19
posted on
06/03/2010 11:37:13 AM PDT
by
Graybeard58
(No Romney,No Mark Kirk (Illinois), not now, not ever!)
To: SeekAndFind
For the past 60 years, everyone has said “Social Security is an inviolable compact between the generations.”
Well, the compact got broken this year when SS recipients didn’t get their increase in ‘cola’ because of inflation.
I think the government employees unionists and Congress got theirs however. Apparently the compact with themselves is more sacred.
20
posted on
06/03/2010 11:37:55 AM PDT
by
wildbill
(You're just jealous because the Voices talk only to me.)
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