[qam1]

Xer Ping

Ping list for the discussion of the politics and social aspects that directly effects Generation-X (Those born from 1965-1982) including all the spending previous generations (i.e. The Baby Boomers) are doing that Gen-X and Y will end up paying for.

Freep mail me to be added or dropped. See my home page for details.  

[Born Conservative]

Get ready to bend over, baby-boomers

BOHICA (bend over, here it comes again)

[TomServo]

Hey, here's an idea Alan.

Here's another. Gut the program and give us our damned money back.

[GeronL]

we should all start collecting our guns for the coming TAX WAR, when we are to pay 75% of our income for social security.

[Viking2002]

My taxes have bent me over so much already, I look like a duck: beak down, ass up, and pecking for a few extra seeds.

[searchandrecovery]

Here's another idea - hang around Iraq and just pump that country DRY. Instead of transferring debt to future generations of Americans (which I have no problem with), transfer it to other COUNTRIES. We could lower gas prices, pay for Social Security & Medicare, AND have a fat welfare state. Turn that axis-of-evil into an axis-of-opportunity.

[xrp]

If Social Security were properly adjusted for increases in life expectancy, then the recipient age would be somewhere in the late 70s or early 80s.

I like that other poster's idea; LET US KEEP AND INVEST OUR OWN DAMN MONEY.

[weegee]

Ponzi scheme PING

[writer33]

As far as I'm concerned, they can just privatize the whole thing.

[Ruy Dias de Bivar]

The SS system is a Ponzi scheme designed to fail. It worked ok till the descovery of Penicillin allowed people to live past 55 years of age. Now it takes several people to support one retiree.
The Baby Boom generation (that's me)will swamp the system.
Thirty years ago I made the stastement to my family that there probably wouldn't be a SS security when I retired so I had better get prepared.

As long as I can grow a garden and raise a pig I should be fairly ok till I am just too old. I'll worry about it then.

[Hank Rearden]

Well, what the hell did he expect from a Ponzi scheme run by Big Stupid F'Kerryin' Government?

[Cicero]

The baby boomers have gotten their way all their lives. They are unlikely to consent to any kind of cut in their perks now.

The sad fact is that the Social Security Ponzi Scheme gives back far less than you put into it. That's basically because the money was never invested, but was used for various vote-buying schemes as soon as it was paid in.

I've been making enormous forced social security payments for 40 years, and will get back very little in return. Most honest workers are in the same position.

[PGalt]

Socialism does not work...Chapter 13.

[Choose Ye This Day]

Boomers are whining because they might have to (gasp!) wait a couple of years before they get their piddly checks? And they think that's bending over?

Um, excuse me...What about the rest of us poor schmucks that will be working our cans off (3 of us for every retiree) to pay your benefits, when we in turn will get NOTHING?

I'm afraid it's the post boomers that will be getting the shaft, taking it in the backside, when this ill-conceived, fraudulent, multitrillion dollar house of cards comes crashing down. It should never have been implemented.

[Paul Atreides]

Before I saw the parenthetical statement, I thought this was a Barney Frank story.

[Congressman Billybob]

Instead of wasting my time replying to Ken Schram, I'll post my comments here. If he's a semi-bright cookie, he'll find these comments. If not, he's too slow to write to.

When a snake eats a rat, there's a bulge in the snake's body that moves downward. The same is true in demographics. The rat in that snake is the population bulge of the baby boomer generation. All it takes is a pencil and paper and the ability to do simple math to realize that Greenspan spoke the simple truth today.

When these retirees reach 65 and beyond, it will take federal taxes at the rate of upwards of 50% for EVERYBODY who still holds a job, if Social Security benefits stay both at the current levels and kick in at the same ages. Couple that with the fact that all of us are living longer and longer, and SS as we currently know it will fail grossly and totally. The problem is a no-brainer to see.

Solving the problem is much more difficult. Witness how quickly professional politicians of both parties ran screaming into the night, rather than recognize the plain, unvarnished truth that Greenspan stated today.

And it is precisely the fear of elective backlash from fools like Ken Schram that has made SS the "third rail" of American politics.

It just so happens that, when I get into Congress, I will NOT fear this or any other issue in Washington. Once you've had a couple of grandchildren and a couple of heart attacks, as I have, you lose patience with standard political bullsh*t. Whether I can successfully contribute to a solution of the SS problem, I do not know. But whether I will search out the limited number of other honest and able politicians in Washington (a minority, but maybe an effective one), have no fear. I WILL do exactly that.

Congressman Billybob

Click here, then click the blue CFR button, to join the anti-CFR effort (or visit the "Hugh & Series, Critical & Pulled by JimRob" thread). Don't delay. Do it now.

[reluctantwarrior]

Does the author of the article have freep mail?

[Intolerant in NJ]

'Yikes!' said the man who surely collects his Social Security check every month, 'We've gotta do something 'cause there's not enough Social Security money to give us any security.'...this simply can't be - I remember the Social Security Commission in the mid '80's, headed by D.P. Moynihan - recommended big increases in witholding taxes, etc. but guaranteed that the changes then would keep SS solvent forever and no cut-backs or hiked taxes would ever again be needed - the more money you give government, the more it spends.......

[GOPJ]

Democrats have been putting ex-welfare folks on Social Security Disability. Some can collect 50 to 60 years without a social worker encouraging work.

Visit your local social security office and count the people under 40. They'll outnumber the old folks. Democrats want generational warfare.

Conservatives should separate social security from liberal social security add-ons.

'Cause I'll tell ya Alan, my generation is tired of bending over for yours.

[cherry]

I can't do my job up into the 60's and in fact, I won't.....

if the govt insists that people with stressful jobs are on the same level with people with comfortable, non-challenging jobs, then the only alternative is to seek early retirment thru disability....

because its comparing apples to oranges when it comes to difficult work....