[NotARoleModel]

Not sure who you are referring to, I am saving for myself, it never even occurred to me to even consider SS as part of my retirement. You did. I don't expect to receive a dime from SS. I don't facebook and I own my house, two cars outright, both my wife and I have degrees and no debt from college and don't have a red cent in personal debt. I am 39 years old and I used my money, not a penny used from any parents who are all still alive, no inheritance money, no lottery, just living within our means and saving.

Can you say as much at your age? How about when you were 35 (that is when we paid off the remaining owed on our 30 year mortgage at the 11 year mark, about $86,000)?

My young friend at 35 I owned (with my wife) 5 rentals, 1 waterfront investment/vacation home on the eastern shore in Md, 25% interest in each of two separate partnerships that owned two 6 unit apartment buildings each, my own home, worked full time, had an engine rebuilding side business and a satellite tv installation S corporation. My wife was the "slacker" only working one full time gig but kept the books on everything else. We were mortgaged to the hilt on every single piece of real estate we owned or were in partnership with because we were intelligent enough to understand that IF you want to make big money you use OPM. Dead money in RE "equity" earns nothing. RE "equity" has a funny way of deciding to disappear (check RE values over the last 5 years for verification) at the most inopportune of times.

That enough for you there, butch?

There's deviations from the norm in every generation. PLENTY of my boomer contemporaries sounded just like you ..... 25 years ago. "SS will be gone by the time we get there". "They should just end it" "Let us put OUR own money away for ourselves". I certainly joined in those conversations ESPECIALLY after 1983 when the rules for ME were changed in the middle of the game. Go listen to them now.

The POINT is, my young enthusiatic friend, that YOUR generation is NO DIFFERENT than any other one at your stage of the game. Stop thinking that you are so enlightened and prescient ... because you're not.

And stop worrying and wringing your hands over the demise of SS .... it ain't going anywhere anytime soon .... you'll get yours, trust me. Even your oh so "enlightened" generation wouldn't vote to end it TODAY let alone in 15 or 20 years.

 

[NotARoleModel]

I have much more than a years worth of savings in the bank, thanks for asking.

Glad to see you have significant funds too, that way when they do finally revamp SS and begin means testing, you will be one of those who don't need it and won't get it. Now you are beginning to talk some sense.

No fear of that .... the insurance industry will take five seconds, maybe six tops to come out with new products that will shield our assets under some guise of "life insurance".

They have products now that shield investments from taxation under the same ruse ....

Couple clicks of a mouse and we'll be good to go.

I love the insurance industry. Couple of bucks tossed at Congress and the next thing you know the insurers are standing there giving the tax code the finger.

 

[NotARoleModel]

I pretty much ditto all that. The people who really benefited from Marxism are the Boomers themselves. They attended college when governments were subsidizing it far better than they are now. And they're taking advantage of pension plans and SS. And they call the X/Y-Gen's complaints as Marxist? My employer offers no pension, colleges are now mostly privatized (and far more expensive), and I expect no SS when I retire.

I've saved more than Boomers I know. I am very frugal. My cars are all paid. I carry no credit card balances. My Boomer neighbor got a house like mine nearly new for $13K in '67, whereas I had to learn drywall, carpentry, tile, and half dozen other trades just to bring it up to habitability. Sweat equity. And in addition to a full-time job, I run a side-business. I'm made of tougher stuff than most, at this point.

And he's talking about Marxism? I wouldn't mind some of the Marxism that the Boomers enjoyed (more heavily subsidized college), SS, medicare, pensions, etc. Sure. Or slave labor to do my work, like the Fortune-500 enjoys.

I don't think this boils down to a capitalism vs. socialism thing. What we're looking at is the Boomers who not only mortgaged the nation's future away, but many of them have no intention of ever passing money onto their own kids. This is a generation that's doing its darnedest to prevent any pennies or bennies from trickling down to the under-45 crowd. It's only Marxism when someone else complains. But they'll take their SS and pension check, straight to the bank, then to the gaming casino and promptly lose it all.

Thought I was on ignore, there, CHE? Can't stay away, can you because with me you actually LEARN things ... in the REAL WORLD. Not that "windowless cubicle" you are locked away in that is clearly causing your insanity.

Keep whining away ... it's what you're best at.

LOOK at all the strawman examples from Generation Entitlement.

"It's not faaaaaaaaaiiiiiiiiiiiirrrrrrrrrrrr"

 

[NotARoleModel]

A second reason why SSN will NOT become sustainable until the boomers are dead.....that is the sad fact

The DEMONcrats and REPukes will not control the yearly Deficit spending, National debt, and unfunded liabilies.

I believe in the tooth fairy more than these clowns saving SSN and saving the system.:upsidedown: The only way to tread water (not save it) is to crush the next two generations with more higher and higher taxes.

Just keep ignoring the facts and simple math and you can cling to this strawman issue to vent about.

Get your teeth ready for your pillow because it will be saved .... and we are ALL going to contribute one way or another.

THERE IS NO OTHER CHOICE.

 

[53convert]

so we want the boomer's all dead huh.............
like EVERYONE born between 1945 and 1962............do I get that right.
Only the first of the boomer's are now getting eligible for SS..........so, if thats the fact's
than I can Glean the following form the post above.
1. Your advocating mass genocide of a specific age group
2.... All the current LEGITIMATE and LEGAL users of SS right now are the greatest generation.
3.....The GREAT society...........Lyndon Johnson..........expansion of the welfare state.....that had nothing to do with it.
4. The baby boomer's should accept the fact they just didn't die out fast enough.

 

[sierra skier]

Deadmeat99

Originally Posted by sierra skier View Post
Insurance doesn't require catastrophic events. You do not need to break an arm to use your medical insurance, preventative care rates as well.[/Quote}


[Deadmeat99]And that's exactly what's wrong with health "insurance". It's not insurance. It's the same reason why forcing insurers to accept people with pre-existing conditions it completely ludicrous and opposite of what an insurance plan should be. Not everyone can collect when they buy into "insurance". It's impossible, yet that is the impossible trick the government is trying to play with social security.[/Deadmeat99]

With this insurance you pay for a supplemental benefit in old age. I can't change my current insurance to new because I have a pre existing condition and no others will accept me.

Insurance does require premiums like the 15% of my lifetime earnings. This premium was set aside for assistance in old age. Go back and read the numbers.

[Deadmeat99]Social Security should be used as "insurance" against not being able to financially sustain yourself in old age. It should be means tested IMMEDIATELY if anyone wants the plan to survive. It was NEVER intended to be a pension, it was intended to be a safety net.[/Deadmeat99]

The safety net is now welfare, food stamps and all of the other 'entitlements' including SSDI

I played by the rules,,,, I could have gone underground/black market and never paid taxes at all.

[Deadmeat99]True... and you wouldn't have a safety net in the event you were to become destitute or too infirm to be able to earn money in old age.[/Deadmeat99]

You folks just do not get it. SS was designed to be self sustaining and had xxx in it's account earning interest as originally promised until it was raided in the 1980s. Even after the fund was drained to balance the budget the new premiums were put into the general fund and were still surplus to the expenditures. Just in the last year or two has SS been a loss to the general fund.

[Deadmeat99]Oh no, we get it completely. It's gone. Kaput. Zero balance (negative balance even). Yet the older generation is in denial and STILL wants to get paid. Sorry. Just like the South Park episode "...annnnnnnd it's gone".

I'm surprised the concept of "insurance" has become so distorted on a forum like this. I'm resigned to the fact that I will never see a dime of social security even though I've paid into it since being a teenager, and will continue to pay into it for decades if it doesn't collapse before then. Enjoy your money, but it's very difficult to come to any understanding when the attitude is "ITS MY MONEY I WANT IT NOW".[/Deadmeat99]

I love that south Park episode. If it was a private company the benefit would be gone, but it is the government and the payments will continue. Sounds like you paid in for about 25 years, I have paid in for over 45 years, so what am I to do?

I know, just give up a quarter million dollars invested over the years that properly invested would have yielded over a million dollars by the time I retire just because our powers that stole that money to build the hugest entitlement programs in history. If I was broke and would qualify I could collect the entitlements instead of my insurance. The entitlements might even pay better,,,,, hmmm, maybe I should look into that.

 

[kris704th]

The reality is boomers ( the ones i cross paths with, parents included) have a sense of entitlement as bad as any lifelong welfare recepiant. Everyone else be damned, they want their check SS check. Disregard the fact that future generations will have to face the debt legacy they leave behind due to their lack of prudence.

You forget that *boomers* PAID into a system that we were forced to do so (even paid taxes on that $$$) We just want the Gov to honor their promice of paying us back and nothing more.

That is NOT entitlement !!!

 

[kris704th]

so we want the boomers all dead huh.............
like EVERYONE born between 1945 and 1962............do I get that right.
Only the first of the boomers are no gettign eligible for SS..........so, if thts the fact's
than I can Glean the following form the post above.
1. Your advocating mass genocide of a specific age group
2.... All the current LEGITIMATE and LEGAL users of SS right now are the greatest generation.
3.....The GREAT society...........Lyndon Johnson..........expansion of the welfare state.....that had nothing to do with it.
4. The baby boomers should accept the fact they just didnt die out fast enough.

Oh YEAH !! Paybacks are a BEECH .. those youngsters will be 60+ before they know it and .. watch them scream *FOUL* then :thumb:

 

[NotARoleModel]

so we want the boomers all dead huh.............
like EVERYONE born between 1945 and 1962............do I get that right.
Only the first of the boomers are no gettign eligible for SS..........so, if thts the fact's
than I can Glean the following form the post above.
1. Your advocating mass genocide of a specific age group
2.... All the current LEGITIMATE and LEGAL users of SS right now are the greatest generation.
3.....The GREAT society...........Lyndon Johnson..........expansion of the welfare state.....that had nothing to do with it.
4. The baby boomers should accept the fact they just didnt die out fast enough.

Yeh ... the first generation to actually pay into the system for their entire working careers, who weren't eligible to even vote when the architects of the destruction of the system (Kennedy/Johnson) were elected, then had the rules changed in the middle of the game to their DISADVANTAGE (1983 revisions) are now the villains du jour.

Laughable. It's amazing how deluded some folks are. Screw the facts, the hell with basic math, let's all point fingers.

That's the mantra of Generation E .... It's ALWAYS "someone else's" FAULT.

 

[Hammer5513]

i think he would stand more of a chance if he wasnt 76 years old. hopefully his boy runs next time

 

[Akita]

it's not the baby boomers doing it.
It's the media refusing to give him the coverage he deserves.
It's the media 'telling' us who is in the lead.
It's the media 'telling' us who is going to win.
and it's the media 'telling' us our votes actually count this day and age.
and it's the media 'refusing to tell citizens', about all the voter fraud in this nation.
which leads to, then it's the people who believe, or are influenced by the media, when they do actually go vote.

 

[maat]

Social Security should be used as "insurance" against not being able to financially sustain yourself in old age. It should be means tested IMMEDIATELY if anyone wants the plan to survive. It was NEVER intended to be a pension, it was intended to be a safety net.

This is the most rediculous rubish I've seen yet. Do you even realize what you have just said?

You are promoting stupidity and self-destruction with this nonsense. Take two individuals who make the same money, one spends it all while the other uses good sense saving and investing. You are stating that the idiot be rewarded while the saver be punished.

How about you and the ****ing government stay out of both of their business.

True... and you wouldn't have a safety net in the event you were to become destitute or too infirm to be able to earn money in old age.

This can be done with mandated private accounts if you feel the need to intrude into freedom.

Oh no, we get it completely. It's gone. Kaput. Zero balance (negative balance even). Yet the older generation is in denial and STILL wants to get paid. Sorry. Just like the South Park episode "...annnnnnnd it's gone".

Just another reason why the government has no business interfering.

I'm surprised the concept of "insurance" has become so distorted on a forum like this. I'm resigned to the fact that I will never see a dime of social security even though I've paid into it since being a teenager, and will continue to pay into it for decades if it doesn't collapse before then. Enjoy your money, but it's very difficult to come to any understanding when the attitude is "ITS MY MONEY I WANT IT NOW".

Yet, you promote something far worse.

 

[Branned]

Just keep ignoring the facts and simple math and you can cling to this strawman issue to vent about.

Get your teeth ready for your pillow because it will be saved .... and we are ALL going to contribute one way or another.

THERE IS NO OTHER CHOICE.

Do you still believe in Santa Claus Where is your math? On the backs of kids unborn is how this math is going down.

 

[kris704th]

Do you still believe in Santa Claus Where is your math? On the backs of kids unborn is how this math is going down.

How about you don't have any kids and then you won't have to worry

 

[Branned]

How about you don't have any kids and then you won't have to worry

Good point:thumb: I do have kids and skin in the game and I see the future of them being destroyed. I look long-term not short-term. The current group of crooks can't even balance the budget for one year that alone fix problems in the future! They are living for today charging an extra 1.5 Trillion per year on VISA at the $$$ expense of their kids future...very shameful

Maybe I need some of the head-in-the-sand drugs that some folks smoke: But that is just not me.:taped:

 

[FishEKat]

SS is a ponzi scheme which sooner or later is going down. Mathematically it cannot pay what is owed; unless the gov't just prints its way out of it. So all of you who are clamoring to get back what is owed, you will. Don't expect that money to be worth much though. This is what you get for trusting the govt.

 

[53convert]

it's not the baby boomers doing it.
It's the media refusing to give him the coverage he deserves.
It's the media 'telling' us who is in the lead.
It's the media 'telling' us who is going to win.
and it's the media 'telling' us our votes actually count this day and age.
and it's the media 'refusing to tell citizens', about all the voter fraud in this nation.
which leads to, then it's the people who believe, or are influenced by the media, when they do actually go vote.

Hum dude......I would point out this thread is about Social security not about Ron Paul and his lack of attention.....


nice rant though:thumb:

 

[Heckler&Coke]

"The baby boomers are keeping Ron Paul from getting elected." :thumb:

What ever works I guess. I'd have to vote for Paul over Obamao....and I'm not thrilled with any of the candidates that are left... but Paul's ideas on how the world works (other than basic economics) would be a disaster. He said in a recent debate that he did not think Iran is working on making nuclear bombs. While few outside Iran (other than some selling parts, materials etc.) know for sure, such a comment disqualifies him for President.
Anyone with even a little common sense knows they are very likely working on nukes. Why is that our business? Because eventually one of these rogue nations, like Iran, will sell or gift nukes to terrorist groups who's agendas suit them.
Your ass might just be in the blast zone of one of their targets.

Yeah, I know "Amerika" is a big meanie and its not fair that we have the power of life or death over billions of people. Have we used it since WWII?
Do you think Iran, or Chavez, or....maybe North Korea would show such restraint? Really? There are certain realites that we must face....like the way things are. Paul just doesn't have the qualifications in that department.
Its a shame really. "End the Fed" "gold is money" and other concepts make sense, but you see its a package deal not a buffet.

OMG! TERRAWRISTS GONNA GET US!

 

[Deadmeat99]

You forget that *boomers* PAID into a system that we were forced to do so (even paid taxes on that $$$) We just want the Gov to honor their promice of paying us back and nothing more.

That is NOT entitlement !!!

IT'S NOT A ******* PENSION EITHER.

Yes, the rules were changed. Yes you got ******. Yes, your money was stolen by politicians on your watch. What are you going to do about it?

 

[Heckler&Coke]

IT'S NOT A ******* PENSION EITHER.

Yes, the rules were changed. Yes you got ******. Yes, your money was stolen by politicians on your watch. What are you going to do about it?

Force the next generations into slavery to recoup losses asnd to extort excess gain....then call them "lazy" and stupid for not feeling happy about paying half their wages to support a broken country and supporting the wealthy and elderly...



DUH!