LOL @ Boomers

• Con_Alma

  sleeper;1477891 wrote:I won't have a choice. It'll be gone before I'm 45.

  I have a choice to prepare for it's demise.
• sleeper

  

  Con_Alma;1477897 wrote:I have a choice to prepare for it's demise.

  Is there anything you don't prepare for?
• Con_Alma

  sleeper;1477919 wrote:Is there anything you don't prepare for?

  Sure. I am confident that, that which I am not aware of I am not prepared for. All I can try to do is provide the greatest amount of flexibility for myself which can hopefully be provided by engaging in the least amount of oblations long term.
• sleeper

  

  Con_Alma;1477926 wrote:Sure. I am confident that, that which I am not aware of I am not prepared for. All I can try to do is provide the greatest amount of flexibility for myself which can hopefully be provided by engaging in the least amount of oblations long term.

  Without risk there is no reward.
  
  Agree or disagree?
• Tiernan

  sleeper;1477891 wrote:I won't have a choice. It'll be gone before I'm 45.

  ...and that is A-OK 100% Bonafide fine with us that have paid into the system for 40+ plus years...we'll get ours and if it ain't there for you little shites do something about it politically instead of just bitching & whining, fix it before you lose it. But like I've told you dillweeds before... my generation are the ones really running the show for probably another 15 - 20 yrs, and we outnumber the fuck out of the rest of ya, so get used to whatever scraps we decide to leave for ya.
• Con_Alma

  sleeper;1477930 wrote:Without risk there is no reward.
  
  Agree or disagree?

  Often times, yes.
• sleeper

  

  Tiernan;1477934 wrote:...and that is A-OK 100% Bonafide fine with us that have paid into the system for 40+ plus years...we'll get ours and if it ain't there for you little shites do something about it politically instead of just bitching & whining, fix it before you lose it. But like I've told you dillweeds before... my generation are the ones really running the show for probably another 15 - 20 yrs, and we outnumber the fuck out of the rest of ya, so get used to whatever scraps we decide to leave for ya.

  Actually we will do something about it politically; we'll slash your benefits to near zero and slowly phase out the system. You won't really have much of a choice in the matter.
• Tiernan

  sleeper;1477940 wrote:Actually we will do something about it politically; we'll slash your benefits to near zero and slowly phase out the system. You won't really have much of a choice in the matter.

  Lotsa luck with that Sparky...most Boomers will be dead before the titty-sucker gens can mount any serious political agendas capable of threatening our cushy nests.
• sleeper

  

  Tiernan;1477942 wrote:Lotsa luck with that Sparky...most Boomers will be dead before the titty-sucker gens can mount any serious political agendas capable of threatening our cushy nests.

  The boomers won't have a choice. There isn't enough money.
• Tiernan

  sleeper;1477946 wrote:The boomers won't have a choice. There isn't enough money.

  Enough money for WHO? I might believe SS won't be around when current 25 - 35 yrs olds reach 65, but its sure as hell still gonna be around the next 10 - 15 yrs when me and my buddies are using it for beer & golf money because we earned, saved and invested our own millions working our asses off (a concept foreign to most of the punks in your gen).
• sleeper

  

  Tiernan;1477959 wrote:Enough money for WHO? I might believe SS won't be around when current 25 - 35 yrs olds reach 65, but its sure as hell still gonna be around the next 10 - 15 yrs when me and my buddies are using it for beer & golf money because we earned, saved and invested our own millions working our asses off (a concept foreign to most of the punks in your gen).

  I doubt its there in 10-15 years. You will get hit hard and you'll be an old fart so the only job anyone will hire for you for is Walmart greeter. Enjoy those millions! :thumbup:
• Tiernan

  Why the fuck am I going to be looking for a job at Wal Mart? I've done extremely well preparing for retirement which is about 3 yrs away. Any handouts the Govt wants to send my way after that will not be returned just because I don't need it. I paid my dues into SS / Medicare etc over the years and I'll damn well use it if I'm eliegible before I touch a damn dime of my own money. And if somebody from your gen doesn't get to drink from the trough because I used it all up, believe me I'll not lose a wink over of that.
• gport_tennis

  Tiernan;1477969 wrote:Why the **** am I going to be looking for a job at Wal Mart? I've done extremely well preparing for retirement which is about 3 yrs away. Any handouts the Govt wants to send my way after that will not be returned just because I don't need it. I paid my dues into SS / Medicare etc over the years and I'll damn well use it if I'm eliegible before I touch a damn dime of my own money. And if somebody from your gen doesn't get to drink from the trough because I used it all up, believe me I'll not lose a wink over of that.

  
  Spoken like a true boomer
• sleeper

  

  Tiernan;1477969 wrote:Why the fuck am I going to be looking for a job at Wal Mart? I've done extremely well preparing for retirement which is about 3 yrs away. Any handouts the Govt wants to send my way after that will not be returned just because I don't need it. I paid my dues into SS / Medicare etc over the years and I'll damn well use it if I'm eliegible before I touch a damn dime of my own money. And if somebody from your gen doesn't get to drink from the trough because I used it all up, believe me I'll not lose a wink over of that.

  Refer to the thread title. Thanks. :thumbup:
• BoatShoes

  HitsRus;1477619 wrote:I've been gone for a few days, but after reading thru a lot of this stuff, I'm convinced that X's Y's and millenials are completely clueless when it comes to economic cycles. They really do have an entitlement mentality, because they have never known anything but the 20 year run of prosperity they enjoyed growing up. If you think all of this is 'new' and the fault of the baby boomers alone, you really just need to go back and review history. Our difficulties today are not a generational issue, but a political issue that multiple generations share the blame for. It would be so easy for boomers to blame their parents....for Viet Nam that killed 50,000, the arab oil embargo that tripled gasoline prices, unemployment that raged from 8 to over 10%, while stagflation ate away at purchasing power. So you think paying for college and having a hard time trying to find a job out of school is new? ...listen to Billy Joel ...Allentown ...circa 1982. I was 28 at the time trying to buy a starter house( that's a 'fixer upper') because we couldn't afford the 14% interest rate. We didn't qualify, even with my professional degree. Finally, a year later we bought a house 'distressed ' at 12.875% Yeah, it sucked...it was all my daddy's fault right?
  
  Quit your whining and deal with it. but most of all, tell the rest of your buddies to quit pushing the voting buttons that have led to it.

  Where have you been since December of 2007...if you could even call the jobless recover after the 2001 recession "prosperity". We're going on 6 years of an abysmal economy.
• sleeper

  

  BoatShoes;1477981 wrote:Where have you been since December of 2007...if you could even call the jobless recover after the 2001 recession "prosperity". We're going on 6 years of an abysmal economy.

  And my generation isn't electing Republicans who's obstructionism is the reason we are in the recession in the first place! :laugh:
• BoatShoes

  sleeper;1477946 wrote:The boomers won't have a choice. There isn't enough money.

  This is nonsensical. The government creates money. They could credit bank accounts with money out of thin air for SS purposes just like Bank Reserve accounts are credited with money out of thin air, if they wanted to.
• sleeper

  

  BoatShoes;1477983 wrote:This is nonsensical. The government creates money. They could credit bank accounts with money out of thin air for SS purposes just like Bank Reserve accounts are credited with money out of thin air, if they wanted to.

  There isn't enough money in real terms BS. I'm well aware the Fed can just press buttons and create money out of thin air, but will that money be able to buy anything?
  
  You do realize you're a huge douche right?
• sleeper

  

  Also GFY.
• Manhattan Buckeye

  I see the jobless recovery that was touted by the MSM still has some believers. So tell me BS, if '04-'08 was a jobless recovery (even though we had very good employment both in terms of the actual rate and the underemployment rate), what the heck do we have now?
• BoatShoes

  sleeper;1477985 wrote:There isn't enough money in real terms BS. I'm well aware the Fed can just press buttons and create money out of thin air, but will that money be able to buy anything?
  
  You do realize you're a huge douche right?

  When you say "real terms" you're saying that we don't have the capacity to produce real goods and services for the old people using the means of exchange to obtain real goods and services...which is also belied by the facts. We have millions of unemployed people who are capable of working. However, as long as we keep crippling our young people they may not have enough kids and therefore not enough people to provide these real goods and services in the future. One way to do this is to stop taking a ridiculous amount of payroll taxes out of your paycheck.
  
  It's very simple. End the gold-standard holdover of this pay as you go system. End the payroll tax and let young people keep their money. Instruct the FED to credit the SS account as it goes along...just like it does with bank reserves. As long as those dollars are used for real goods and services and there is not some unforeseen supply shock this will not be inflationary. End of problem.
  
  So kind of you to call me a douche btw. My apologies. :thumbup:. Maybe one day I'll be cool enough to brag out myself on teh internetz and constantly troll :thumbup:
• BoatShoes

  Manhattan Buckeye;1477993 wrote:I see the jobless recovery that was touted by the MSM still has some believers. So tell me BS, if '04-'08 was a jobless recovery (even though we had very good employment both in terms of the actual rate and the underemployment rate), what the heck do we have now?

  We have an even worse jobless recovery. Back in 01-04 Republicans were in power so they didn't adhere to this deficit scold religion and were at least running somewhat large enough deficits to inject demand into the economy (albeit inefficiently with large tax cuts for people who save most of their money). The problem is the age of diminished expectation. We were still not at full employment (on a NAIRU standard) until briefly before the Great Recession. And now, we're miring along at dismal, atrocious levels of high unemployment and nobody cares! They're worried about non-existent inflation...acting like the FED doesn't control interest rates...etc.
  
  We haven't been at full employment for a significant period of time since before the Dotcom Bubble. And that's still on a NAIRU standard with a necessary amount of involuntarily unemployed people.
• sleeper

  

  BoatShoes;1478011 wrote:When you say "real terms" you're saying that we don't have the capacity to produce real goods and services for the old people using the means of exchange to obtain real goods and services...which is also belied by the facts. We have millions of unemployed people who are capable of working. However, as long as we keep crippling our young people they may not have enough kids and therefore not enough people to provide these real goods and services in the future. One way to do this is to stop taking a ridiculous amount of payroll taxes out of your paycheck.
  
  It's very simple. End the gold-standard holdover of this pay as you go system. End the payroll tax and let young people keep their money. Instruct the FED to credit the SS account as it goes along...just like it does with bank reserves. As long as those dollars are used for real goods and services and there is not some unforeseen supply shock this will not be inflationary. End of problem.
  
  So kind of you to call me a douche btw. My apologies. :thumbup:. Maybe one day I'll be cool enough to brag out myself on teh internetz and constantly troll :thumbup:

  Maybe one day I'll be cool enough to propose unrealistic solutions to catastrophic problems. :thumbup:
• BoatShoes

  sleeper;1477985 wrote:There isn't enough money in real terms BS. I'm well aware the Fed can just press buttons and create money out of thin air, but will that money be able to buy anything?
  
  You do realize you're a huge douche right?

  People are so obsessed with the possibility of inflation. There has never been a hyperinflation in a country that 1). Had sovereign control of its currency. 2). Had a floating exchange right and not a fixed exchange rate 2). Issued debt in its own currency.
  
  The high inflation of the seventies and into the eighties had to do with the oil supply shocks that filtered in and caused inflation all over the world and the decoupling of the world from the Bretton Woods system.
  
  Central Banks around the world have done everything short of helicopter drops to try and generate inflation (almost) and they have failed. Generating inflation is hard. And, we're doing everything to fight it to by continuing to take money out of the economy with taxes that are too high and spending that is too low.
  
  Look, we empower the government with enough firepower in nuclear weapons that they could blow up the entire world. We can trust them not to blow up the world but we can't trust them not to blow up the currency??? Crediting bank accounts with new dollars for Social Security, slowly and overtime and taking less money out of people's pay checks isn't going to be sufficient to do it I will tell you that right now.
• BoatShoes

  sleeper;1478023 wrote:Maybe one day I'll be cool enough to propose unrealistic solutions to catastrophic problems. :thumbup:

  It is not a catastrophic problem. S.S. beneficiaries don't need a cent of your money in our monetary system. It could be ended tomorrow but nobody except fed officials grasp this. It blows away your narrative that you have worthless boomer suckling off your productivity after having ruined the country with unsustainable "debt". I realize, your whole act and vitriol is based on thinking that we're stuck on a fixed exchange rate wherein your arguments would apply but that's not the world we live in.
  
  It's kind of like how you feel about theists...their whole belief set is based on a fraud. Yours just happens to be the fraud of a fixed exchange rate. :thumbup:
  
  (Not to mention that the guy talking about "unrealistic solutions" has called for locking up single mothers, putting boomer retirees in cages, etc. lol).