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It might be helpfull if you read back through my posts on this thread.
And likewise it might be helpful if you respond to what I actually said instead of ignorantly saying "you are in your 20's, you must not know anything".
I am showing you the same respect you give other people.
and watch the deficit levels come crashing down hard. Why do the baby boomers want such massive amounts of socialist government handouts?
According to accepted statistics, 15- 20 percent of the nations elderly live below the poverty level. They do not have the luxury of having the ability to getting a job to support themselves. They have to rely on a system that PAYS THEM BACK for a lifetime of work and contribution. Would you really want to increase that to 30 - 40 percent?
According to accepted statistics, 15- 20 percent of the nations elderly live below the poverty level. They do not have the luxury of having the ability to getting a job to support themselves. They have to rely on a system that PAYS THEM BACK for a lifetime of work and contribution. Would you really want to increase that to 30 - 40 percent?
Ahhhh finally good to get the lefties talking on here since this place was being overrun with right wing whackos that go on rants like this on topics such as health care, education, and taxes.
Just cutting Medicare and Social Security spending is too simple minded. We could turn all of Medicare into a fee for quality result system instead of a fee for service system, which means quality is valued instead of quality. That would save lots money. We could have a national model for paperwork and an electronic record system. That right there would save $500 billion per year. We could use an index that slows the growth of Social Security instead of just cutting benefits. We don't need drastic changes, we need smart changes now that will add up to huge savings over time.
I don't believe anyone is 'entitled' to anything. If a BB bought a house and it lost value, then tough luck. They are not 'entitled' to the house at any specific value.
And what the hell did I ever want for free? I have had a job since I was 14, paid my own way through college, started investing at 19, bought my first home at 23, am currently putting myself though grad school. Not every 20-something wants something for free. The most I have ever gotten from anyone is a public school education. Baby Boomers have never taken care of me. In fact, it is MY tax money that will take care of baby boomers as they retire with no money because they were too stupid to plan ahead and save for rainy days.
You single yourself out, rightfully so. And that applies to BBs. It seems that people take a brush and paint all BBs the same.
As for losing a house, most BBs paid off their homes. Its the generation that followed that lost the values of their homes, and lost homes. So, it is that generation that needs to stop weeping over lost value, lost home. They are the ones that didn't prepare for the future.
It doesn't matter what generation, if you live beyond your means then you set yourself for loss in the event of a disaster. I don't care if you are 20, 30, 40, or 50. The majority of BBs were raised with a save mentality, not a spend, spend, spend mentality.
You single yourself out, rightfully so. And that applies to BBs. It seems that people take a brush and paint all BBs the same.
As for losing a house, most BBs paid off their homes. Its the generation that followed that lost the values of their homes, and lost homes. So, it is that generation that needs to stop weeping over lost value, lost home. They are the ones that didn't prepare for the future.
It doesn't matter what generation, if you live beyond your means then you set yourself for loss in the event of a disaster. I don't care if you are 20, 30, 40, or 50. The majority of BBs were raised with a save mentality, not a spend, spend, spend mentality.
The BB's created the world I live in today. They created a world that is riddled with debt, where the average savings per household is less than $2000, where the majority of people have multiple flat screen TV's, but still somehow have credit card debt. The BB's created a government that doesn't understand the simple dangers of what a deficit is.
That is not to say that my generation as a group is any better, but baby boomers were absolutely NOT of the 'save mentality'. If that were the case, this country wouldn't be in the private and public debt crises that it is in today.
Here are some facts about the wonderful boomers:
-35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone.
-According to one recent survey, 36 percent of boomers say that they don’t contribute anything at all to retirement savings.
-households of ages 50-62 hold a quarter of all household debt
-the bankruptcy rate for boomers is over 6x as high as non-boomers
Again, I am in no way saying my generation is necessarily better, but boomers are not the saints you paint them to be, and they absolutely are not 'savers'. Boomers invented the epitome of spend, spend spend: 'keeping up with the Joneses'
The BB's created the world I live in today. They created a world that is riddled with debt, where the average savings per household is less than $2000, where the majority of people have multiple flat screen TV's, but still somehow have credit card debt. The BB's created a government that doesn't understand the simple dangers of what a deficit is.
Again, I am in no way saying my generation is necessarily better, but boomers are not the saints you paint them to be, and they absolutely are not 'savers'. Boomers invented the epitome of spend, spend spend: 'keeping up with the Joneses'
Who is painting them as saints? It appears that they are being painted as the devils. First the BBs have all the money, then you say they invented spend, spend, spend? Which is it?
35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone. Maybe they don't have any savings because they were raising and providing for their children.
-According to one recent survey, 36 percent of boomers say that they don’t contribute anything at all to retirement savings. Could that be because that 36% weren't at the high end of the pay scale?
-households of ages 50-62 hold a quarter of all household debt Interesting. Who would be holding the remaining 3/4?
-the bankruptcy rate for boomers is over 6x as high as non-boomers Do you actually know for a fact why that is?
Are you saying that the BBs are the reason why people in their 20s, 30s and 40s are in debt? Whenever Apple was introducing a new product those lines that went around the block and people camping out a day head so that they could be the first to have it - those weren't BBs. It was your generation using the plastic to acquire the "latest" item. BBs don't need to have the lastest pair of sneakers that cost over $100. BBs don't own 10 pairs of sneakers. Who have all the latest electronic equipment, update their laptop ever 9 months, has to have the lastest version of the iPad, the iPhone, the Blackberry.
You want to tell me that those in their 20s, 30s,40s wouldn't be selfish, would be saving money and living frugal if the economy was healthy? I highly doubt it.
I'll stop pointing a finger at ALL of today's generation when you stop pointing a finger at ALL BBs.
Now, if you excuse me I have to go oil my walker and hobble down to the food pantry to get my daily handout of powdered milk, cheese and stale bread.
Last edited by softblueyz; 11-09-2011 at 03:09 PM..
Yeah defund the Dept of Education only though it accounts for less than 5% of the total budget. Almost 2/3 of the budget comes from SS and medicare socialist payouts. Let's attack the real problem here.
That's 5% too much. It's NOT the federal government's job to deal with education. That is a LOCAL issue.
Yeah, defund them. That leaves 95% more to deal with.
Who is painting them as saints? It appears that they are being painted as the devils. First the BBs have all the money, then you say they invented spend, spend, spend? Which is it?
35% of Americans already over the age of 65 rely almost entirely on Social Security payments alone. Maybe they don't have any savings because they were raising and providing for their children.
Wouldn't kids be on their own once parents hit age 50 or so? What happened to the money they made from 50-65?
I'd think parents who owned houses and are now without kids would be better off selling the empty nest house and moving into a smaller one.
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