[Ciexyz]

Here we go again, pitting one generation against another. My many years of working supported the generation that went before me. Now that I am retired (as of Oct. 31st of last year), it sounds like some people want to change the rules so that I decrease so that they (the younger generation) increases.

Hey, I have no problem with improving the system -- but it kills me to hear the bellyaching of the Generation X Y and Z-ers who want to kill our benefits so they have more money to fly to Aruba. Sorry guys, people 50 and over will never allow it to happen. If you don't believe me....see me at the voting booth.

[Ciexyz]

I read threads like this and congratulate myself for joining AARP as soon as I reached age fifty.

[hobbes1]

There is rapidly approaching a point where the above 50 crowd will die off, and be supernumerated by the 30ish crowd.


Fear the Voting Booth.

[NeoCaveman]

Here we go again, pitting one generation against another.

In other words you are saying "layback and enjoy it" to us, who are and will be financially raped..

[Alberta's Child]

You're overlooking the fact that Social Security is NOT a trust fund. Today's benefits are being paid by today's payroll taxes, and tomorrow's benefits will be paid by tomorrow's payroll taxes. That being the case, there is no reason why one generation's benefits should be any higher than the next, or one generation's payroll taxes should be higher than the next. The reason this is not the case is that the whole system is nothing more than a pyramid sham.

[AdamSelene235]

Hey, I have no problem with improving the system -- but it kills me to hear the bellyaching of the Generation X Y and Z-ers who want to kill our benefits so they have more money to fly to Aruba. Sorry guys, people 50 and over will never allow it to happen. If you don't believe me....see me at the voting booth.

The unfunded liabilities of US government are roughly 30 trillion according to the GAO (multiply by Pi for the real number). Americans only hold about 40 trillion in wealth. In order for the government to honor its obligations it would have to seize nearly all private property. I suspect the true level of obligations greatly exceeds all privately held wealth in America.

Economic rape of this magnitude will not be resolved at the voting booth.

I was in Moscow recently where the elderly counted on enslavement of the youth to finance their retirements. Throwing beer bottles in the street is a charitable act. You can watch grannies fight over which one gets to recycle it.

[Melinator]

Simple math. The "Greatest generation" spent their children's money in honour of themselves using "deficit financing" while hoarding their own retirement "savings". If they'd financed govt spending from their own earnings and equity, the money they now have in savings would be gone and Govt "debt" would be zero. Deficit financing and unfunded pension liabilities have America's children and grandchildren in hock up to their eyeballs, while mom, pop and gramps spend their hoardings on lifestyle and property. It's like maxing out a 100,000 line of credit at 18%p.a., setting aside 25,000 for yourself and then saying to your kids "this $25K is mine I scraped and saved for it - you pay back the debt, or pass it on to your kids."

The children aren't going to pay it back, they are going to CLAW it back from the ageing hands whut currently holds it.

[rmmcdaniell]

Now that I am retired (as of Oct. 31st of last year), it sounds like some people want to change the rules so that I decrease so that they (the younger generation) increases.

Its not the youths' fault that your generation bought into the SS and medicare pyramid schemes. Any rational person could have seen this comming long ago.

[Kozak]

Here we go again, pitting one generation against another. My many years of working supported the generation that went before me. Now that I am retired (as of Oct. 31st of last year), it sounds like some people want to change the rules so that I decrease so that they (the younger generation) increases.

Well that's what happens when societies idea of "social security" is large Ponzi scheme. It was a scam from the getgo. If you just retired you may still be a winner. I know my kids are gonna be losers in this game. Personally I DO NOT count on any SS income in my retirement in about 15 years. I just hope my private retirement accounts don't suddenly become a source for Government "investment", as proposed by several politicians already such as Jesse Jackson.

[wtc911]

They don't want to change the rules, this Canadian poster from Alberta has argued (with other kids) that their solution will be to knock us off. They take the position that "I'm not saying I'm for it...I just see the others in my generation wanting it" What bullsh**.These kids have no idea how tough the VN generation really is.