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Old 03-13-2016, 06:58 AM
 
Location: Proxima Centauri
4,845 posts, read 2,000,936 times
Reputation: 5310

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This is from the ultra corporate Cato Institute. Don't believe a word of it. These bastards want these things that they say to become a self fulfilling prophesy.

The government will never give us nothing left to lose.
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Old 03-13-2016, 09:21 AM
 
Location: Barrington
46,005 posts, read 34,140,055 times
Reputation: 15362
Quote:
Originally Posted by RiverBird View Post
The boomer gen is savvy enough not to fall for this, but many of our parents' gen may. It's them we should warn.
I would not be so sure of that.
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Old 03-13-2016, 10:54 AM
 
3,463 posts, read 4,550,815 times
Reputation: 7127
Sovereign Investor. lol.
All the other "End of the World" stuff is pretty awesome too . . .
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Old 03-13-2016, 10:58 AM
 
3,299 posts, read 1,877,343 times
Reputation: 5467
"We're advising all our clients to put their money into canned food and shotguns!"
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Old 03-13-2016, 11:05 AM
 
Location: VT; previously MD & NJ
2,229 posts, read 1,362,793 times
Reputation: 6441
I wish I knew if the people who write/publish this stuff really believe it, or are they just trying to scam people into their worldview/government-view without any sense of morality or ethics.
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Old 03-13-2016, 12:24 PM
 
Location: New Jersey
12,764 posts, read 7,841,117 times
Reputation: 13083
Quote:
Originally Posted by Escort Rider View Post
There are naive, ignorant people in every generation, just as there are savvy people in every generation.
That is very true.

I just read about a 47-year-old woman who got scammed for $6k because 'she owed the IRS' that money.

She's Gen X, I believe!
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Old 03-13-2016, 12:29 PM
 
536 posts, read 633,432 times
Reputation: 1473
People need to use both elements of the 'net--the often ideologically slanted "blogger" element, which is full of half-truths and vicious lies, and the "research" element, which is really so useful.

Thanks OP for the reminder!

ETA: I am a boomer and haven't changed too much in political priorities over the years--teachers tend to stay invested in social investments directed toward the future. But many people I grew up with have gone over to the hate-radio and blogasphere side of the spectrum and I sometimes hear things from them that are pretty startling.

All one has to do is follow the real news (usu. NPR for me) and check sources, especially if voting anytime soon.
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Old 03-13-2016, 05:14 PM
 
29,829 posts, read 34,918,975 times
Reputation: 11752
https://www.washingtonpost.com/news/...roposal-flops/

Quote:
House leaders have been trying for weeks to find a way to ease conservatives’ concerns about the added spending by presenting different proposals for cutting funds in parts of the budget not covered by the appropriations legislation.
The latest proposal unveiled Thursday would allow members to vote on a stand alone measure that would cut $30 billion from mandatory spending programs like food stamps, Social Security, Medicare and Medicaid before moving on to a separate vote on a budget that maintains the 2015 deal to increase overall spending to $1.07 trillion for the annual appropriations bills.

Leaders hoped the two-step process would give conservatives some space to back down from threats to block the critical spending outline, but the proposal was met with a new set of difficult demands.

Conservatives and members of the hard line House Freedom Caucus said Price took a step in the right direction by offering an attempt offset the spending increases, but they want more than just a show vote on legislation that has no future in the Senate where Democrats will likely filibuster any spending cuts.
How do you cut current SS and Medicare spending without impacting current beneficiaries?
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Old 03-13-2016, 09:45 PM
 
6,822 posts, read 5,162,264 times
Reputation: 3730
Social Security coming to an end is inevitable. When implemented, the life expectancy age was much less than what it is now. Too much money going out and not enough going in, and it's been going on for decades now so plenty of administrations are to blame as they knowingly have allowed this to continue.

I wouldn't be counting on SS to be there for you long if you're in retirement age. Hopefully you saw the writing on the wall years ago and planned accordingly.

The younger generations are going to have to absorb the cost of years neglect of not dealing with the Social Security and Medicare/Medicaid financial problems years ago. A generation burdened with high costs of living, stagnant wages, inflated tuition costs, etc..

The mystery is how will the younger generations have any savings to plan for their retirement? People voting from the public treasury for years now. No worries the kids will take care of it.

Financial collapse is certainly a possibility with how things have been run in this country for decades now.
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Old 03-13-2016, 09:59 PM
 
Location: Amongst the AZ Cactus
7,074 posts, read 4,937,408 times
Reputation: 7701
Quote:
Originally Posted by Mikelee81 View Post
Social Security coming to an end is inevitable. When implemented, the life expectancy age was much less than what it is now. Too much money going out and not enough going in, and it's been going on for decades now so plenty of administrations are to blame as they knowingly have allowed this to continue.

I wouldn't be counting on SS to be there for you long if you're in retirement age. Hopefully you saw the writing on the wall years ago and planned accordingly.

The younger generations are going to have to absorb the cost of years neglect of not dealing with the Social Security and Medicare/Medicaid financial problems years ago. A generation burdened with high costs of living, stagnant wages, inflated tuition costs, etc..

The mystery is how will the younger generations have any savings to plan for their retirement? People voting from the public treasury for years now. No worries the kids will take care of it.

Financial collapse is certainly a possibility with how things have been run in this country for decades now.
Nah, not in the world we live in of unlimited monopoly money that freely falls from the sky, the "lock box", debt "ceilings" that can be raised on a whim, debt doesn't matter anymore planning, kick the can down the road politics, etc.

Come on, get back into "reality"!.....er I mean fantasy....no, I mean....
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