[53convert]

The baby boomers have racked up $15 trillion dollars in debts giving out other peoples' money. The younger generation is wise enough to call for it to stop because they will be paying for it.

I just don't think it is as simple as us vs. them.

no, I hate to disagree but it really started with the "greatest generation" our parents who wanted everything the democratic party offered...........they started it, we were to busy making our lives to fully realize the danger inherant in the democratic utopian dream until recently.
We want it stopped to, believe it or not. But the SS is OUR money, bought and paid for by a corrupt govt rulled for decades by democrats who just couldnt stand seeing all that money we were banking just sitting there, so they just had to get their hands on it (johnson and the great society) to give to the bros and wlefare queens.

 

[53convert]

he cant see it because he is guilty of what he is accusing everyone else of. he is using a tried and true liberal tactic, which is to accuse the other side of your own faults to divert attention away from yourself.

he cant see it because he, himself, is too selfish to understand that just because he wants rp, that doesnt mean the rest of us do.

"he" profiled as a "she" but I would presume an "it"

 

[53convert]

I
To generalize and suggest that every individual from my generation is lazy and dependent is wrong. I work hard every single day in my own business that I built from the ground up. I take pride in my accomplishments considering I came from next to nothing.


I am not lazy, I am not a dependent, and I am perfectly capable of caring for myself.

Bingo, you made the very argumjent for your generation that also applies to us "baby boomers" dont you think.
Its the illegals, the drug heads, the welfare queens and the gansta rap that have diplited SS. not us working boomers. :thumb:

 

[kris704th]

"he" profiled as a "she" but I would presume an "it"

Can we say *busted* ?? lol

 

[kris704th]

Bingo, you made the very argumjent for your generation that also applies to us "baby boomers" dont you think.
Its the illegals, the drug heads, the welfare queens and the gansta rap that have diplited SS. not us working boomers. :thumb:

YES !!! :thumb:

 

[ChapNelson]

Just curious, would anyone be willing to sacrifice their SS so their grandchildren could be debt free? I'm that unfortunate generation right after the boomers who will have paid just as much $ in less time (math isnt hard) but there wont be any in the pot when I get there. All of the candidates (except RP) want to take my retirement away, that's assuming im not one of the 500,000 they want to lay off - I'm military btw.

But I will sign over all of my SS contributions and interest, minus the difference between what my parents paid in and what they drew out (which was considerably more), to pay off the national debt so my children can afford to maybe help me out later. who's with me?

 

[Harmless Drudge]

While I think Social Security is a big scam, I could also understand if you've paid into it your entire life expecting to get that back.

You haven't paid in all your life; your "contributions" were nothing more than taxes collected to pay out to then-collecting senior citizens. It is a Ponzi scheme. All of the money paid in is already gone. By the Baby Boomers' logic, Bernie Madoff shouldn't have been arrested, but instead, told to ramp up his operation and to make sure he had a succession plan to carry on the scam for generations after he died.

 

[53convert]

Page 6, no answer to the source of OPs college money...

seriously, I would like to know and it is relevant since the OP deemed certain programs unconstitutional, I am wondering what else she considers the same now that she does not need them anymore

nope, it answered back on like page5 said it got an associates and its loan was paid for byits employerer............so, there is the hand out..

 

[Willy-N]

Just curious, would anyone be willing to sacrifice their SS so their grandchildren could be debt free? I'm that unfortunate generation right after the boomers who will have paid just as much $ in less time (math isnt hard) but there wont be any in the pot when I get there. All of the candidates (except RP) want to take my retirement away, that's assuming im not one of the 500,000 they want to lay off - I'm military btw.

But I will sign over all of my SS contributions and interest, minus the difference between what my parents paid in and what they drew out (which was considerably more), to pay off the national debt so my children can afford to maybe help me out later. who's with me?

I am expected to live 1-3 years more and used up one allready! I busted my butt all my life to get what I have and paid into the system for 45+ years and just started collecting my SS last year. I do not think they will have to pay me much just like my Father who died at 64 years of age. But I have paid off my home and cleared my dept so my Daughter can have it all free and clear when I am gone!! PS for the last 26 years I paid both halves being self employed. I am so tired of being told I am screwing the younger generation. I had nothing when I joined the service at 18 and made it on my own with a GED and no union jobs! Get a life young folks that are complaining it is called work for what you want out of life! Mark
PS I forgot I am also paying for a $100,000.00 life insurance policy she also gets so that adds up to around $500K in the end. I hope this is a good start for her I never had!

 

[Harmless Drudge]

At least baby boomers earned everything they have, unlike the younger generation who couldnt survive without society covering their ***** their whole short lives.

Not exactly. The Baby Boomers bought stuff cheap by exporting inflation. Did you work? Yes. Hard? No doubt. But did your work buy you the lifestyle you enjoyed? Not all of it. A large portion came from exporting inflation and importing prosperity in the form of inexpensive consumer goods in a reserve-currency-fueled trade environment.

The bad news is, while you were busy selling inflation, you were also selling our ability to produce for ourselves, as the American factories/farms/businesses were also inflated-down from 100 cents on the dollar, down to now about 2 cents on the dollar. That life of relative ease drove (and continues to drive) production overseas.

And we're at the point where the dollar is so inflated and America so fat and lazy that the world won't clamor for our table scraps anymore. We now have to produce for a living, as a nation, but the Baby Boomer generation wants the unsustainable freebies and feel-good P2P welfare scams that crashed the system. I wonder when they'll wake up and realize their dream is a nightmare.

 

[kris704th]

Just curious, would anyone be willing to sacrifice their SS so their grandchildren could be debt free? I'm that unfortunate generation right after the boomers who will have paid just as much $ in less time (math isnt hard) but there wont be any in the pot when I get there. All of the candidates (except RP) want to take my retirement away, that's assuming im not one of the 500,000 they want to lay off - I'm military btw.

But I will sign over all of my SS contributions and interest, minus the difference between what my parents paid in and what they drew out (which was considerably more), to pay off the national debt so my children can afford to maybe help me out later. who's with me?

Nope! That won't FIX the problem.

 

[Harmless Drudge]

You do know I played by the rules all of my life and SS was deducted from my checks and paid as part of my self employment taxes. SS is NOT an entitlement, it is an INSURANCE BENEFIT that was paid for through premiums over a LIFETIME.

No it isn't. It's a Ponzi scheme. You weren't making premium payments on your own insurance policy (whether individually or collectively, as a generation), but instead your money was funneled to members of the pyramid who got in first. And your children and grandchildren will pay (through the nose) for your Social (in)Security. And their children and grandchildren will pay (through the nose) for theirs. All on the premise that, "Of course the system is a massive failure, but I paid in, dammit!"

 

[kris704th]

Not exactly. The Baby Boomers bought stuff cheap by exporting inflation. Did you work? Yes. Hard? No doubt. But did your work buy you the lifestyle you enjoyed? Not all of it. A large portion came from exporting inflation and importing prosperity in the form of inexpensive consumer goods in a reserve-currency-fueled trade environment.

The bad news is, while you were busy selling inflation, you were also selling our ability to produce for ourselves, as the American factories/farms/businesses were also inflated-down from 100 cents on the dollar, down to now about 2 cents on the dollar. That life of relative ease drove (and continues to drive) production overseas.

And we're at the point where the dollar is so inflated and America so fat and lazy that the world won't clamor for our table scraps anymore. We now have to produce for a living, as a nation, but the Baby Boomer generation wants the unsustainable freebies and feel-good P2P welfare scams that crashed the system. I wonder when they'll wake up and realize their dream is a nightmare.

BS .. There you go stereotyping all of us together We owned our small business, paid taxes .. no paid vacations and freebies for us. I VOTED AGAINST the sleazy politicians that passed NAFTA back in the 90's I KNEW this would happen .. so did many of my generation. No matter how many US Citizens said *NO* The gov did what it wanted. Obama .. Pelosi said it last year .. *We need to pass the bill to see what is in it* It is THAT attitude that sent US down the slippery slope, not the baby boomers as a whole! Many of us TRIED to stop it while YOU were fed a liberal line of crap at school.

 

[kris704th]

No it isn't. It's a Ponzi scheme. You weren't making premium payments on your own insurance policy (whether individually or collectively, as a generation), but instead your money was funneled to members of the pyramid who got in first. And your children and grandchildren will pay (through the nose) for your Social (in)Security. And their children and grandchildren will pay (through the nose) for theirs. All on the premise that, "Of course the system is a massive failure, but I paid in, dammit!"

It became a Ponzi scheme because politicians turned it into one. Go after THEM, not us!

 

[Harmless Drudge]

Yoo dork head, its OUR MONEY as we paid into it.

No, you didn't. You paid for your parents and grandparents to have a little better retirement. And your children and grandchildren will be forced to pay for yours. It's a classic inversion scheme. Here's how it works:

People throughout history have often accumulated wealth and left it for their children.

Governments and banks throughout history have sought control, wealth, and power.

Parents naturally want to leave a legacy, and heirs get angry when you tax (or otherwise steal) their inheritance.

So, what did they do? They created a system whereby the young have to support the old. That way, it pits the young against the old, with the old believing that they paid for themselves, and the young seeing their paychecks supporting the old. The wealth gets stolen before the young have a chance to accumulate wealth, so there is not much of an inheritance to tax. The dirty little secret is that the inheritance was already taxed, before it was ever allowed to accrue to the benefit of the heirs.

 

[Harmless Drudge]

BS .. There you go stereotyping all of us together We owned our small business, paid taxes .. no paid vacations and freebies for us. I VOTED AGAINST the sleazy politicians that passed NAFTA back in the 90's I KNEW this would happen .. so did many of my generation. No matter how many US Citizens said *NO* The gov did what it wanted. Obama .. Pelosi said it last year .. *We need to pass the bill to see what is in it* It is THAT attitude that sent US down the slippery slope, not the baby boomers as a whole! Many of us TRIED to stop it while YOU were fed a liberal line of crap at school.

You still reaped a benefit of exporting inflation (as did I as a child). It's not like there was a series of bills that the Fed inflated, and separate series of preferred bills that were not.

I'm not blaming you for anything, just pointing out that your increase was not entirely due to your hard work. Some of it was due to our national policy of stabbing the entrepreneurs of this country (a group of people to which you and I both belong) by unilaterally deciding that our money would compete favorably against our other exports for prominence.

The point is that you did not pay for your own SS. You paid for your parents and grandparents. It's time for all current generations to man-up and be willing to give up their "benefits" so as to allow our children and grandchildren not to have to pay for our retirement.

I wish I could more credibly apologize to my children for the fact that the government is going to make them pay for my retirement. Hopefully, by then, the system will have been repealed, or collapsed. I wouldn't want them to be robbed upon threat of violence (which is what the IRS does) to pay a corrupt benefit to me that I did not earn for myself.

 

[Harmless Drudge]

It became a Ponzi scheme because politicians turned it into one. Go after THEM, not us!

It was invented as a Ponzi scheme. FDR knew that people didn't live for more than a year or two after they would start drawing. It was originally to help people who outlived a reasonable life expectancy, and were caught with their financial pants down. It was always a pyramid scheme, however.

 

[Harmless Drudge]

You are so full of crap that I bet your eyes are BROWN! DO THE MATH bubba!! However much was TAKEN from our checks starting back in the early 1960's, and what we can get now ??? How many have died before they turned 65 yrs .. Gov KEPT the $$$$$ It should BE THERE WITH INTEREST!!!!

Replace the word "Gov" with the word "Madoff" and you might get a clearer idea of where your money went. There was never a "trust fund" or a "lock box" or a "personal account" or an "escrow." It went directly to the general fund, which, by the way, is where the money I pay to fund your retirement goes.

You paid for your parents and grandparents. I pay for my parents (and you) and grandparents. It's a vicious inversion scheme meant to draw wealth from the current producers to console the previous generations, who are already tapped out.

 

[NotARoleModel]

I like to rag on the Boomers as much as anyone, but it's not that they adore big or little government that is the cause of their lesser like of Ron Paul. Government is somewhat irrelevant at this point, globalized corporations are clearly running the show.

My take on the Boomer Me-Generation is that they are like marauding army which takes no prisoners and practices slash-and-burn economics. They lived during the manufacturing and auto boom, the space race, the housing boom, the silicon dot-com boom. And as they got older and plugged money into the stock market and began thinking about retirement -- they further gained in wealth by the off-shoring boom, making darned sure that they would rather have some sweatshop worker in China, Mexico or India take their job than the X-Gen. They see the next generation gaining any wealth as a threat to their own relentless pursuit of more money.

The Boomers are expert at maximizing their own wealth, many of them enjoyed cradle-to-grave benefits at large employers, affordable college and health care, social security, etc.

Their dislike of Ron Paul is that he realizes that this system is not sustainable, since it has not passed on sufficient wealth-earning opportunity to the next generation which will have to support the Boomers in old age, the pensions, their health care, etc.

But the whole debate is somewhat moot anyway, since it's the big global corporations that run DC, not government. And neither Paul nor Nader could formulate a good response to this reality.

The resident board Red Oktoberist chimes in with his usual envious chip on the shoulder class warfare blather.

Like a broken record. If only I had his address I'd mail him a mirror so he could actually see the root cause of his shortcomings in life.

 

[NotARoleModel]

I wish I were wrong, believe me. But I work in IT and I see Boomers either refusing to retire or off-shoring their former positions to India or China. They seem to be actually somewhat hostile toward the X-Gen. Not sure why, but there has NEVER been a generation so thoughtless to the future as the Boomers. They are leaving the US economy, and perhaps even its status as a sovereign nation, in arguably the worst shambles any generation has ever done in the history of the US -- with the exception of the Civil War period. Is it sheer greed, dislike for the next generation, or some sort of sadistic delight in bringing the nation to ruin? Honestly, what sort of aggregate generational intelligence produces the sort of non-stop warfare and astronomical debt as they have?

Hahahahahahahahahahahahahaha.

Such utter tripe.