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As boomers wrinkle (The most troublesome age group still has some last fireworks up its sleeve)
The Economist ^ | 12/29/2010

Posted on 12/30/2010 7:08:35 AM PST by SeekAndFind

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1 posted on 12/30/2010 7:08:37 AM PST by SeekAndFind
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To: SeekAndFind

The baby-boomers have been sucking off society for the last 60 years - why does anyone believe that “reform” of Soc. Sec. or medicare will be possible when this group becomes elderly?


2 posted on 12/30/2010 7:12:18 AM PST by PGR88
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To: SeekAndFind

No wonder Barry wants to kill them off with Obamacare.


3 posted on 12/30/2010 7:12:43 AM PST by 9YearLurker
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To: SeekAndFind
Long-Awaited Baby Boomer Die-Off To Begin Soon, Experts Say
4 posted on 12/30/2010 7:14:16 AM PST by GOP_Party_Animal
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To: SeekAndFind

Funny how they portray the boomers as a burden on the system? They never claimed them to be a burden while they swelled the US Treasury with their income, payroll, federal sales, excise, import, and parent’s death taxes.


5 posted on 12/30/2010 7:15:38 AM PST by blackdog
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To: SeekAndFind
Perhaps this will finally force the legalized Ponzi scheme that is Social Security to finally come to an end. Here's a plan I think will allow for Social Security to die a graceful death, that is, continue to provide benefits for people who are currently on the program or are nearing the age to qualify, but will end it for all other people:


6 posted on 12/30/2010 7:16:38 AM PST by pnh102 (Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
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To: PGR88
The baby-boomers have been sucking off society for the last 60 years

I've paid into SS & Medicare since the 60s.

And paid the max SS tax for at least the last 30 yrs.

Throw in the astounding amounts I've paid in federal and state income and local property taxes (close to a million dollars) and I'll say that the sucking goes the other direction.

7 posted on 12/30/2010 7:21:58 AM PST by nascarnation
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To: PGR88

I am not sure how all this works out. I am in the late end of the “boomers.”

And here are a few life lessons I recall...

The 1980’s and the development of the 401K...because we were told that Social Security would not be there for us. I recall this so clearly because I had a literal fight with my democrat/union father in trying to explain it to him.

Markets crash and recover and crash etc. Even now the market isn’t bad...it might be bogus...but it is still higher than the 1980’s.

Listen when you hear rumblings of wealth confiscation. Plan for your wealth to be taken away from you. Odd way of saying it, but plan for your wealth to be taken away from you.

Right now I am creating my own business and planning for it to be the work I do ...until the day I die.

If this were still 1980 I might be planning a bit differently, but this is one ‘boomer’ who isn’t expecting a government handout from a regime that is already bankrupt.

Heck, in 10 years there might not even be a United States of America as we knew it.

I think a lot of boomers get it. A lot more than the media wants to give us credit for. It sure wasn’t lots of youngsters at those Tea Party Rallies I went too.


8 posted on 12/30/2010 7:23:30 AM PST by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: PGR88
What makes you say that boomers have been sucking the system for the past 60 years? Last I checked, they are the ones who paid out all those surpluses to the social security trust fund which congress raided for other federal spending.

Or was your post in sarc?

9 posted on 12/30/2010 7:24:17 AM PST by blackdog
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To: blackdog
There's plenty for boomers to be ashamed of, but I refuse to take criticism from any of the following generations - things have only gotten worse.

Then I've never taken a single dime in unemployment or any kind of government assistance.

10 posted on 12/30/2010 7:24:41 AM PST by skeeter
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To: PGR88

“The baby-boomers have been sucking off society for the last 60 years...”

They’ve been working and paying social security. I’d rather the government give me the money I’ve paid into it since I would do a better job with it.

I also wish I didn’t have to rely on Medicare, but I don’t have a choice. I had perfectly good insurance until I turned 65. Once you get social security and turn 65, you are on Medicare whether you want it or not.


11 posted on 12/30/2010 7:26:26 AM PST by OpusatFR
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To: SeekAndFind

There is one other thing the retiring boomers will leave; Their jobs will be left for others to move into.


12 posted on 12/30/2010 7:26:43 AM PST by umgud
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To: PGR88
The baby-boomers have been sucking off society for the last 60 years

It is important that we hate the rich, bankers, Wall Street, insurance companies, doctors, Sarah Palin, Tea Partiers, corporations, religion, special interests, and capitalism.

It is equally important that we embrace class warfare, and generational warfare.

Bottom line: we must turn against each other.

Thanks for doing your part.

13 posted on 12/30/2010 7:28:38 AM PST by laotzu
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To: SeekAndFind

The president sought to insulate the elderly from any bad effects.

Obama’s WAR ON SENIORS ammo list

http://www.freerepublic.com/focus/news/2613747/posts?page=3


14 posted on 12/30/2010 7:30:55 AM PST by GailA (DEMOCRATS and RINOS are BAD for the USA.)
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To: skeeter

Government assistance programs are not really assistance at all. They are carefully constructed vote buying schemes, designed to blind , bind, and buy you. The brain is replaced by a political guided focus group and a cooperative media because you still buy crap when it’s advertized during your daily uploads in front of the television.


15 posted on 12/30/2010 7:32:39 AM PST by blackdog
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To: umgud
Their jobs will be left for others to move into.

Not so much, I'm afraid

The large manufacturing company that I and bunch of compadres retired from end of 2008 basically hasn't replaced anybody.

They're working the remaining troops like rented mules and record amounts of overtime.

Under the Baraqqi regime, employers are very reluctant to hire full time help.

16 posted on 12/30/2010 7:37:14 AM PST by nascarnation
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To: PGR88
"Sucking off society"? I've paid the maximum Social Security withholding since I was 25. I can't even imagine how much in Fed and State income, sales and property taxes. I've volunteered at my kids' schools, at church and for Special Olympics.

I don't say this to blow my own horn, but to illustrate to you that you shouldn't generalize. I'd think that participating on FR, you would have more sense than that. Whippersnapper.

17 posted on 12/30/2010 7:38:37 AM PST by Ol' Sox
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To: OpusatFR

Ret. Military are forced onto Medicare too, with Tricare for Life being their supplemental. Both are admined out of the same agency. And make no mistakes Medicare is RATIONED health care, they tell you how many days in the hospital are covered should you get p’monia etc. Why do you think we see so many same day surgeries for what use to be at least 2 day stay? And all they want to pay for is generic meds, well all generic meds are NOT the same as the name brand.


18 posted on 12/30/2010 7:38:37 AM PST by GailA (DEMOCRATS and RINOS are BAD for the USA.)
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To: SeekAndFind

....”In August 2009 Sarah Palin falsely claimed that government “death panels” would decide who received health care.”

That sentence ruined the credibility of the author.


19 posted on 12/30/2010 7:39:03 AM PST by PhiloBedo (You gotta roll with the punches and get with what's real.)
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To: SeekAndFind

....”In August 2009 Sarah Palin falsely claimed that government “death panels” would decide who received health care.”

That sentence ruined the credibility of the author.


20 posted on 12/30/2010 7:39:03 AM PST by PhiloBedo (You gotta roll with the punches and get with what's real.)
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