It Ain't Just About The Old Folks, Buster (Septople Barf Alert!!!)

Scoop Independent News ^ | 3/10/05 | Mary Pit

[facedown]

You support the proposed gutting of Social Security, right?

As far as this tripe is worth reading.

[Little Pig]

This is satire, right? Only that or the writer is a DU regular could excuse the egregious misstatements, factual errors, and outright lies in this piece.

[qam1]

Xer Ping

Ping list for the discussion of the politics and social (and sometimes nostalgic) aspects that directly effect Gen-Reagan/Generation-X (Those born from 1965-1981) 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 and previous articles.

[dirtboy]

Social Security is broke? Nonsense! During the course of each worker's life, he has paid in enough money in advance to cover his retirement. This money was "borrowed" by the government and is converted to a portion of the national debt. As it is drawn out, it is replaced by that of the ones who are still working. I know, you keep hearing all the garbage about the current workers supporting those who are already retired. That's a lie. They use the current payments to avoid using the trust fund in order to simplify their own bookkeeping. The trust fund is growing regularly

Ah, another Democrat who believes you can both spend money and still treat it as an asset.

[KarlInOhio]

For your information, most of those young working people had children and those children are now receiving benefits from Social Security. So are the children of the soldiers who died in Afghanistan and Iraq. Sure, there are benefits from the military, too, but those do not provide food on the table from month to month and, without it, they might not be able to stay in school until they are grown and able to get the college scholarships to which they are entitled.

Maybe I could form a private company which could come up with something to do this - insuring people's lives so if they die early their heirs are paid. I'll call it ... Life Insurance.

[KarlInOhio]

! "Social Security is going broke and won't be there for you!" That was in the 'fifties and 'sixties and it's still here! It's sorta like when I was a kid and my old Auntie was telling me about the world going to end tomorrow. Ain't happened yet, has it? It's like the "Social Security crisis" that they keep digging up every time they want to scare the hell out of us.

Let's see, in 1950 the SS taxes were 3% (both halves) on the first $3,000. By 1960 they were up to 6% on the first $4,800. Now it's up to 12.4% on the first $90,000. Sounds like it would have gone broke without massive tax increases - the same thing the Dems want to prevent it from going broke in the future.

[Polyxene]

Shuffle on into the 21st Century, Granny Pitt. We're not in Kansas anymore!

[rockrr]

That's about as far as I got ;'}

[timm22]

You're just beginning a career where you are making what seems to be big bucks, and you think there will be no end to it. You are feeling confident that you can "conquer the world" or become a financial mogul of some sort. You are the "Captain of your ship and the Master of your soul!" The "old folks" felt the same at your age.

The difference is, I'm serious about it. I've put off marriage, new cars, and some of the best years of my life to make sure I can provide for myself in the future. I will make even more arrangements if and when I decide to start a family.

The author of this piece writes as if the only way to protect yourself is through government pensions. I guess she's never heard of private insurance, community groups, family support, etc.

Just more evidence that age does not always equal wisdom or experience...

[RexBeach]

No matter what Mary says it will not change the fact that, in 2008, the system begins paying out more than it's taking in. And at some point in the future, the whole deal will explode. Her feelings won't change that either.

Surely, though, this article is a piece of sarcasm - is it not?

[RexBeach]

No matter what Mary says it will not change the fact that, in 2008, the system begins paying out more than it's taking in. And at some point in the future, the whole deal will explode. Her feelings won't change that either.

Surely, though, this article is a piece of sarcasm - is it not?

[TheForceOfOne]

I feel sorry for those who buy this crap.

[whd23]

The author is so close and yet can't see:

You have a good education and a good chance at having a more successful life than even your parents did. Do you know why? Because your parents could spend all their resources on YOU! They could support your learning process and they could save and send you to college, and that is because they did NOT have to support their aging parents and grandparents during their working years

This is the situation the younger generation is in; we are struggling to provide our children with a good life and good education while at the same time sending 12.4% of our paychecks off to Washington D.C. We could afford private school and other things for our kids if the AARP crowd wasn't taking an eighth of our income!

[BenLurkin]

For your information, most of those young working people had children and those children are now receiving benefits from Social Security."

So . . . does this mean that I should cancel my life insurance?

Holy cow!

This fellow actually believes that SOCIALISM is a good thing!

[TChris]

A sterling example of the mode of thought which got us into this SS mess in the first place. In addition, this old biddy is either clueless or in denial about both the current and future SS situation. The only thing on her mind is, "Gimme the money!"

[BenLurkin]

'fellow' = 'lady'

[American Quilter]

Either this is a satire or the lady who wrote it is hopelessly naive and uninformed.

I hope it's the former, and that she's sitting at her computer cackling with glee about her over-the-top presentation.

[massgopguy]

Don't. They are the most reliable voters in the country and hold most of the wealth. Every morning as I go to work I see the bus to Foxwoods leaving from the Senior Center.

[Chuckster]

The difference is, I'm serious about it. I've put off marriage, new cars, and some of the best years of my life to make sure I can provide for myself in the future. I will make even more arrangements if and when I decide to start a family.

Not me. I partied and spent like there was no tomorrow until I was forty. then I sat down and took a long hard look at my life to that point, did a little math and figured I could set myself up pretty good with ten years of bust ass and save. Guess what; It worked. Now I'm fifty five and deciding whether to retire this year or work one more because I really like my job.

BTW I never figured Social Security benefits into the equation so that will just be a bonus when (if) it kicks in.