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Old 03-04-2011, 11:01 PM
 
Location: Arizona
13,388 posts, read 8,089,917 times
Reputation: 7192

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By the time the gen Yers retire most the boomers will be dead. the boomer aging bubble will be gone and there will be plenty of money in the syswtem. Funny how the op provided no links or statistics for her statement, just a fear laden opinion.
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Old 03-04-2011, 11:08 PM
 
9,880 posts, read 9,210,327 times
Reputation: 2879
Quote:
Originally Posted by mohawkx View Post
By the time the gen Yers retire most the boomers will be dead. the boomer aging bubble will be gone and there will be plenty of money in the syswtem. Funny how the op provided no links or statistics for her statement, just a fear laden opinion.
Seriously? Do you read? You need a link? Here is your link since you lack the motivation to do your own research.
http://www.nationalreview.com/excheq...ficially-broke
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Old 03-04-2011, 11:13 PM
 
Location: Great Falls, Montana
3,983 posts, read 3,442,856 times
Reputation: 1302
Quote:
Originally Posted by mohawkx View Post
By the time the gen Yers retire most the boomers will be dead. the boomer aging bubble will be gone and there will be plenty of money in the syswtem. Funny how the op provided no links or statistics for her statement, just a fear laden opinion.
Your right, the boomers will be gone .. and so will the money. Hell, we aren't even all dead yet and look at how broke the system is .. what makes you think there will be more money with less people paying in?

With the decrease in population numbers over the next 20 years in this country, and more than half of the nation living on the government dole, there will be far less money available for far more people.

No link is necessary if you sit down and look at how insanely simple this is ..

Less people = less money

More people taught to live on the government dole = even less money than that

Our kids aren't going to have a very bright future at all unless they get off their butts, and learn how to think and do for themselves.
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Old 03-04-2011, 11:27 PM
 
125 posts, read 239,055 times
Reputation: 122
Quote:
Originally Posted by bigskydude View Post
Your right, the boomers will be gone .. and so will the money. Hell, we aren't even all dead yet and look at how broke the system is .. what makes you think there will be more money with less people paying in?

With the decrease in population numbers over the next 20 years in this country, and more than half of the nation living on the government dole, there will be far less money available for far more people.

No link is necessary if you sit down and look at how insanely simple this is ..

Less people = less money

More people taught to live on the government dole = even less money than that

Our kids aren't going to have a very bright future at all unless they get off their butts, and learn how to think and do for themselves.
Judging by your post I assume you're a boomer, and may very be enjoying the entitlement benefits you gloat about soon if not now.

Hypocrisy at it's finest.
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Old 03-04-2011, 11:29 PM
 
9,880 posts, read 9,210,327 times
Reputation: 2879
Quote:
Originally Posted by jmantra View Post
Judging by your post I assume you're a boomer, and may very be enjoying the entitlement benefits you gloat about.

Hypocrisy at it's finest.
You missed the point. This poster and I will not likely see one dime of the money we paid into social security.
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Old 03-04-2011, 11:30 PM
 
2,024 posts, read 4,677,833 times
Reputation: 1994
The only "entitlement" is for the mega banks like their bailout. These attacks on unions and the social safety net are sickening since austerity is basically asking the poor and middle class people to pay for a economic depression that the mega banks and Federal Reserve caused. These debts went way up after the financial crisis that they caused. Basically point your finger directly at the large banks and the Federal Reserve and say these guys did it, they are the ones responsible for this depression therefore they have to pay for it. Austerity for the bankers in the form of a prison cell only.
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Old 03-04-2011, 11:38 PM
 
Location: Prepperland
14,238 posts, read 10,245,178 times
Reputation: 10580
Quote:
Originally Posted by pommysmommy View Post
You missed the point. This poster and I will not likely see one dime of the money we paid into social security.
Technically speaking, since 1933, no lawful money has circulated.
And pursuant to Title 12 USC Sec. 411, a Federal Reserve note is an IOU.
If you "paid IOUs" into the "Trust Fund", you should know that said IOUs were repudiated in House Joint Resolution 192, in June 1933.
So in effect, you paid "nothing of value" into the fund, and will get "nothing of value" out.

http://www.treasury.gov/resource-center/faqs/Currency/Pages/legal-tender.aspx
"Federal Reserve notes are "backed" by all the goods and services in the economy."
Of course, "volunteers" via FICA, are "human resources" pledged as collateral. That's how Congress has the power to tax EVERYTHING from you . . .

Now, if ever 51% of the American people withdraw consent, there will be a problem.
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Old 03-04-2011, 11:40 PM
 
9,880 posts, read 9,210,327 times
Reputation: 2879
Well there you have it.
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Old 03-04-2011, 11:43 PM
 
Location: Great Falls, Montana
3,983 posts, read 3,442,856 times
Reputation: 1302
Quote:
Originally Posted by jmantra View Post
Judging by your post I assume you're a boomer, and may very be enjoying the entitlement benefits you gloat about soon if not now.

Hypocrisy at it's finest.
Gloating? .. If in fact I was receiving Social Security benefits, I would be more than happy to brag about it .. afterall, I was one of the millions that paid into the system over all of these years .. I deserve it .. it's a simple return on a simple investment .. no more, no less.

Am I on Social Security now? .. No .. Why? .. because at present, I make a buttload more money than that .. on my own .. without anyone elses help ..

The Social Security that I pay into the system now, is used for freeloaders who game the system at 25 years old .. they get their little $500.00 benefit each month, at our expense ..

Would it hurt my feelings if at the time I retire, Social Security would be gone? .. Not even a little bit .. Why? .. because there are those of us in this world that could see this coming .. clear back even as far as the 70's we could see the writing on the wall, and we made other arrangements or investments to offset the ignorance of our government.
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Old 03-05-2011, 01:27 AM
 
Location: La lune et les Ă©toiles
18,054 posts, read 19,582,982 times
Reputation: 19459
Quote:
Originally Posted by pommysmommy View Post
You missed the point. This poster and I will not likely see one dime of the money we paid into social security.
This shouldn't be news to anyone. I (in my 30s) have no delusions about being about to collect Socialism Security benefits so therefore I invest my own money aggressively in prepartion of retirement.
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