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Good for them, if they want to be selfish, they can get selfishness in return.
Lets start cutting Medicare for anyone in the middle class or above. If they're so keen on spending their own money let them spend it on staying alive. Their money is more likely to go to Americans than overseas if they spend it on health care vs. travel or expensive imported products. It will be less government spending. If they run out of money and die......well then they're reaping the rewards of their own selfishness.
I'd say the bigger problem is that the Republicans refused to consider increasing revenues.. I'm all for taking away the Bush cuts for the upper % of income earners, and actually, if it would be the only way to do it, just take them away all together.
I've told my parents to spend it all. They saved and worked hard and deserve to have fun. While My sister and I were going to school and just starting out professionally my Mom did a lot for us financially. All I expect if for them not to leave me any bills
Quote:
Originally Posted by mco65
Hoping my parents live long enough to squander all of their current retirement funds. I don't want it.. They have done enough for me already..
Our adult children tell us the same thing.
My husband and I have done all we can to plan for our senior years. We have adequate income, retirement savings, long term care ins, and pre paid burial arrangements. We have also paid for a prepaid tuition plan for our grandson.
We don't want our children to have to worry about "how do we take care of mom and dad." We have no plans to intentionally spend everything we have, but you never know what the future holds. Whatever is left when we are gone goes to our kids.
I'd say the bigger problem is that the Republicans refused to consider increasing revenues..
Quote:
Originally Posted by workingclasshero
uhm
the tax cuts helped to INCREASE revenues
the problem was the spending
it doesn't really matter. y'all are just talking the same left-right issues that we've discussed ad nauseum.
what i'm saying is that public opinion reflects our fundamental ignorance about the budget, for lefties and righties and everyone inbetween. The analogy I'd use is that 85% of Americans agree that we want the vehicle to stop, but only 30% of Americans advocate that we take our foot off the throttle, and no one is seriously considering that we hit the brakes.
i cannot figure out whether this is geniune ignorance, where people don't know, or whether it is denial that Medicare is actually a cost problem, or denial that Medicare has not been adequately paid for.
My husband and I have done all we can to plan for our senior years. We have adequate income, retirement savings, long term care ins, and pre paid burial arrangements. We have also paid for a prepaid tuition plan for our grandson.
We don't want our children to have to worry about "how do we take care of mom and dad." We have no plans to intentionally spend everything we have, but you never know what the future holds. Whatever is left when we are gone goes to our kids.
I wish my parents had just gone out and spent it, and had some fun in their retirement age
when my father retired in 1987, I told them to sell the house buy a RV and tour the world..nope they put my sister through college, helped my sister raise her kid. and now they are home bound, too old to enjoy the beauty of this country
i cannot figure out whether this is geniune ignorance, where people don't know, or whether it is denial that Medicare is actually a cost problem, or denial that Medicare has not been adequately paid for.
its not just medicare...but medicaid too
fy 10 we spend 870 billion FEDERAL dollars on medicare and medicarid (580 billion and 320 billion respectively)....not to mention the state monies
and what the people advocative singlepayer, dont realize is singlepayer will cost between 2.5 to 5 trillion A YEAR
Are baby boomers being selfish, they might have lived through a couple of rough patches but overall the economy they grew up in is better than then the one their kids live in today.
"My goal is when they carry me away in that box that my bank account is going to say zero," Willison said. "I'm going to spoil myself now."
No they didn't after the tax cuts were implemented it took until 2005 for revenues to reach the level they were at in 2000 and that is with 5 years of inflation and economic growth.
No they didn't after the tax cuts were implemented it took until 2005 for revenues to reach the level they were at in 2000 and that is with 5 years of inflation and economic growth.
false
revenus increased over 27% from 2001 to 2007...since 2007 it has dropped because of the recession
SPENDING has INCREASED over 60% since 2007...its up over 400% since 1990((((our 'budget' was 1 trillion in 1990...now just 20 years later....... its nearly 4 trillion (3.7 trillion)........ in just 20 years the spending has quadrupled))))
btw the gross COLLECTIONS of INDIVIDUAL income tax in 2000 was 1.13 trillion and in 2007 was 1.36 trillion...total from CORPORATE taxes in 2000 235 billion and in 2007 395 billion......total from employement tax (payroll(ss/medicare) in 2000 639 billion and in 2007 was 849 billion..........
the WHOLE GAMBIT.....:
COLLECTIONS of INDIVIDUAL income tax in 2000 was 1.13 trillion
.............. ...total from CORPORATE taxes in 2000 235 billion
... total from employement tax (payroll(ss/medicare) in 2000 639 billion
for a TOTAL of total revenue in 2000 was 2.09 trillion...
revenue in 2007 was 2.7(2.69 to be exact) trillion and INCREASE of 30% from 2000
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