Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Whatever problems Boomers may be causing will be temporary and pass with their passing. They have contribited so much to this nation's economy over their lifetimes that the country can afford to support them for their senior years.
the contributions of boomer workers are not held by government in the form of a surplus, they are held by private citizens in the form of private wealth. your home equity and 401k , for example.
i'm not sure what you have in mind, exactly, but if you expect government to "support boomers for their senior years", then gov't will have to tax your fellow boomers to afford it.
Bullshyt.
Sorry, but I am in the healthcare business. Specifically, I am a Practice Management Specialist - which means that I work to be informed about laws, rules and regulations affecting doctors and their practices, so as to keep them in compliance with those laws.
So, let me clear up any misinformation you may have about the Medicaid expansion. Which some states stupidly refused.
For the first three years of the Medicaid expansion THE FEDERAL GOVERNMENT pays ONE HUNDRED PERCENT of the cost....meaning it costs the states NOTHING.
For the fourth and subsequent years, the Federal Government pays NINETY PERCENT of the cost...meaning states only on the hook for the final ten percent. and there's nothing in the law that says a state could not take the free three years and then drop it.
When people in non-participating states FIND OUT that in other states they could HAVE Medicaid, but in their state they CAN'T....and they find out it is because the skinflint, mean-spirited, heartless, poor-hating Republicans denied it to them - they will become lifelong Democratic voters.
AND THAT, RIGHT THERE, IS THE REAL REASON REPUBLICANS HATE OBAMACARE - DON'T EVEN LET THEM FOOL YOU.
I will point out that ACA, aka Obamacare, is a REPUBLICAN plan, which was thought up by the conservative Heritage Foundation!
i believe you missed his point.
even if the federal gov't pays for most/all of the medicaid expansion, it'll increase the demand for healthcare beyond the supply of doctors (which is controlled by the federal gov't as well via medicare).
Tell me about it. I'm a late tail end bloomer. By the time I came into anything prices were sky high and on and on and I would be surprised if SS will be around when I get there. I used to bi*ch about it but then decided that it is what it is. Right now I'd still rather be a late bloomer instead of early bloomer
The oldest baby boomers often ended up retiring young. ...
Let's see how the 2008 recession affects those numbers for the younger Boomers.
From my perch, in the engineering world, I see the opposite. Older baby boomers, and even plenty of Silent Generation members, remain doggedly on the job. I see men (and it's almost exclusively men) in their late 60s, 70s, and in some cases 80s, still showing up every morning, turning on their computers (sometimes with copious assistance from the Help Desk), printing out documents, attending meetings, writing memos.
The culprit is that their adult children (in some cases well into their 30s or even older) are unemployed or underemployed, and the family patriarch ends up supporting several families. The irony is that to some extent, the game is zero-sum; for the 35-year-old to secure a job, the 75-year-old needs to retire, so that HR could "fill his slot" without increasing overall staffing levels. But the 75-year-old won't retire so long as his 35-year-old son remains unemployed.
The main consequence to the economy is long-term lower productivity.
The culprit is that their adult children (in some cases well into their 30s or even older) are unemployed or underemployed, and the family patriarch ends up supporting several families. The irony is that to some extent, the game is zero-sum; for the 35-year-old to secure a job, the 75-year-old needs to retire, so that HR could "fill his slot" without increasing overall staffing levels. But the 75-year-old won't retire so long as his 35-year-old son remains unemployed.
The main consequence to the economy is long-term lower productivity.
I don't see the retirees' slots being refilled.
I see them going empty because the companies are using attrition as their easiest means of reducing staff.
Many slots will never be filled for a number of reasons.
Productivity is very high and more can be done with less. Technology and improvements in business software are running companies at very high levels of performance with less employees.
Many of these 25-35 year olds can not be employed at decent jobs for their own doings.
Many can not pass drug tests,back ground checks, credit checks or speak english and be understood. we have been hiring like crazy and still are , i am in the engineering field.
it is rare we get someone apply who can even get to first base for an interview because they can't meet the above pre-testing.
Just to let people know, The government cannot and will not have deflation. the debt continues to go up and having deflation means tax revenues go down.
Just to let people know, The government cannot and will not have deflation. the debt continues to go up and having deflation means tax revenues go down.
The math doesn't work.
deflation being the falling of general price levels, it doesn't make sense to say "the government will have -flation" , since the government does not set price levels in the economy.
furthermore, having deflation does not mean tax revenues necessarily go down. It might be likely but it is not a foregone conclusion.
deflation being the falling of general price levels, it doesn't make sense to say "the government will have -flation" , since the government does not set price levels in the economy.
furthermore, having deflation does not mean tax revenues necessarily go down. It might be likely but it is not a foregone conclusion.
Inflation is the rise in the qty of money. They try to confuse you by using CPI.
They must have inflation. The money system cannot work otherwise for any length of time.
I'll post my $0.02 being in the generation that is the children of Boomers and working with a bunch of them at work. You guys are absolutely [your choice of expletives] RUINING the country!
- I pay 13% of my income for your Social Security, which on average you paid 10 cents on the dollar for. Even if you paid the maximum contribution you are still getting two of my dollars for every one yours you had taken out of your paychecks. Will I ever see any of that money back? Absolutely not! You're welcome.
- I pay several percent for your Medicare as well, and actually even more as I work in the healthcare field where Medicare only pays ~85% of the cost of providing that specific episode of care. Thus it comes out of my wages. Yes, we lose 15 cents on the dollar whenever one of you walks in the door with one of your "I didn't take care of myself" issues and demands treatment. That doesn't even include the massive costs of the wonderful electronic medical records we are forced to use, which work about as well as Healthcare.gov and cost about as much, and the rest of the expensive mess of government Medicare regulations. Who made us do this crap? Baby boomers.
- Baby Boomers have absolutely ruined the educational system. You went to school in the 1960s and 1970s to dodge the draft for the Vietnam War and led to college being "mandatory" instead of only for people desiring a certain few specific careers which really did benefit from college education like engineering and medicine. (BTW, my generation volunteered to go to various hellholes in the Middle East in large numbers so there was no need for a draft. You're welcome.) Your actions led to degree inflation where you literally have to get a four-year degree to do pretty much any job outside of entry-level retail despite not using a single iota of what you paid five figures to learn in college in that particular position.
- Baby Boomers have also led to big problems in the workforce as well. Your parents worked their butts off for you so you feel entitled to the good life. You partially realize this while concomitantly denying it, so you automatically assume that the younger generations are a bunch of entitled SOBs like you. Mind you a lot of us grew up essentially by ourselves as you could not get your crap together to stay married or actually pay attention to us rather than watching crappy soaps on TV. Yes, your generation caused the massive spike in the divorce rate and my generation paid for it with a horribel upbringing. You also often treat us like absolute garbage at work. Yes, we realize that you worked 200 hours a week and walked uphill 15 miles both ways barefoot in the snow to work 8 days a week, 500 days a year. (In actual reality you worked usually less and at worst no more than we do, earned relatively quite a bit more, plus had a stay-at-home wife as well, which we sure as hell don't- she works too because of lower wages, higher taxes, and especially the massive student loan debt and usurious interest rates on that debt. And your math doesn't work out either, but that's just icing on the cake.) Don't continue to berate us at work because of your imagined reality when you were our age. Oh, and computers aren't that difficult to use. If you can learn use a record player and not scratch the stylus or use a typewriter and not jam it, you can learn to use a computer and type with more than one finger. Trust me, I know how to do all of those tasks because Baby Boomers made me do them.
So in general, Baby Boomers, a good number of you are conceited SOBs who always were and still continue to be leeches on society. Ironically your generation is pushing life expectancy backwards with your absolutely horrendous care you take of yourselves, so fortunately the rest of us won't have to deal with you as long as we would have. Call me bitter but you guys made me that way.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
