Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Don't Spare the Baby Boomers
St. Petersburg Times ^ | 27 December 2010 | Robert Samuelson

Posted on 12/25/2010 9:14:57 AM PST by Jacquerie

I received my Medicare card the other day, recognizing my 65th birthday and making me part of one of America's biggest problems. By this, I mean the burden that the massive baby boom generation will impose on its children and the nation's future.

There has been much brave talk recently, from Republicans and Democrats alike, about reducing budget deficits and controlling government spending. The trouble is that hardly anyone admits that accomplishing these goals must include making significant cuts in Social Security and Medicare benefits for baby boomers.

(Excerpt) Read more at tampabay.com ...


TOPICS: Constitution/Conservatism; Culture/Society; Philosophy; Politics/Elections
KEYWORDS: constitution; medicare; socialsecurity
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 201-204 next last

1 posted on 12/25/2010 9:15:00 AM PST by Jacquerie
[ Post Reply | Private Reply | View Replies]

To: Jacquerie

Do they have to accept the benefits?


2 posted on 12/25/2010 9:19:19 AM PST by InvisibleChurch (Tagline: (optional, printed after your name on post):)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jacquerie
We can raise taxes sharply over the next 15 or 20 years, roughly 50 percent from recent levels, to cover expanding old-age subsidies and existing government programs. Or we can accept permanently huge budget deficits. Even if that doesn't trigger a financial crisis, it would probably stunt economic growth and living standards. So would dramatically higher taxes. There's a final choice: deep cuts in other programs, from defense to roads to higher education.

It is already too late - the choice will be made for us.

3 posted on 12/25/2010 9:20:09 AM PST by PGR88
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jacquerie
I mean the burden that the massive baby boom generation will impose on its children and the nation's future.

You make it sound like you are the problem and government is the solution. where as it is just the opposite, GOVERNMENT is the problem, we just pay for the problem.

Us productive people pay much more into the government than what we take out of it.

4 posted on 12/25/2010 9:22:05 AM PST by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jacquerie
I mean the burden that the massive baby boom generation will impose on its children and the nation's future.

People have been turning 65 forever, and now people of the boomer generation will be turning 65 over the next 18 years, do we suddenly need to start turning it into yet another bizarre attack on the mythical "boomers".

Why not just discuss aging and Social Security like we have for the last 75 years.

5 posted on 12/25/2010 9:24:00 AM PST by ansel12 (Spock faces two Mitt Romneys, his Phaser in hand ! Spock, I'm the real Mitt. Elect me!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PGR88

Defense should be cut 1/3 WITHOUT sacrificing readiness or troop numbers. There is plenty of waste and abuse that can be slashed, if we have the will to do so.

All federal welfare programs, and I include SS and medicare in them, should be means-tested.

ALL spending that is not SPECIFICALLY authorized by the constitution, or necessary to meet constitutional goals, should be reduced to zero....


6 posted on 12/25/2010 9:24:00 AM PST by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Jacquerie
Agree with many of Samuelson's proposals, but let's start with the fact that congress has blatantly stolen from us, wasted social sec. retirement funds, so I'm not in favor of letting them off easy.

Yes, extend retirement ages, trim benefits from here and there, use means testing. The real answers are much larger, however, but imho there are answers: Cut spending to bare bones, eliminate departments. Once cuts are made, depts. and agencies are closed, then unleash the powerful engine that our US economy was and can become again.

7 posted on 12/25/2010 9:25:38 AM PST by chiller ( EVERY Democrat on EVERY level must go)
[ Post Reply | Private Reply | To 1 | View Replies]

To: InvisibleChurch
Do they have to accept the benefits?

From what I understand, there is a window of time around your 65th birthday in which you must either accept or reject Parts B and D of Medicare (those parts have premiums attached) but if you do reject them the monthly premium will be higher when you do accept them.

Part A is free and I believe you MUST accept it.

8 posted on 12/25/2010 9:25:38 AM PST by Abby4116
[ Post Reply | Private Reply | To 2 | View Replies]

To: ansel12

Boomers have actually paid in all of our lives (many in the “Greatest Generation” did not, or had a very low cap). If this were a private pension fund, there’d be no problem paying benefits. The problem is that the government stole our money.

And now they’re whipping up anger at the Boomers because the goverment doesn’t want to give it back.


9 posted on 12/25/2010 9:27:38 AM PST by livius
[ Post Reply | Private Reply | To 5 | View Replies]

To: PGR88
We can raise taxes sharply over the next 15 or 20 years, roughly 50 percent from recent levels, to cover expanding old-age subsidies and existing government programs. Or we can accept permanently huge budget deficits.

Just give me what I payed into S.S. in my life and we can call it even.

He!!, just pay me half of what I paid into S.S. and call it even. I'd retire tomorrow!

We pay off big business and banks enough, paying off S.S. would be a mere pittance of that.

10 posted on 12/25/2010 9:27:56 AM PST by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 3 | View Replies]

To: ansel12

Because the BOOMERS are part of the problem.
Do your homework.
Do the math.
Yes, people are living longer, that is a big part of the problem.
The OTHER big part of the problem is that more people will hit 65, every year, than at any other time in our history, for the next several years.


11 posted on 12/25/2010 9:28:23 AM PST by Kansas58
[ Post Reply | Private Reply | To 5 | View Replies]

To: livius
The problem is that the government stole our money.

Bingo!

12 posted on 12/25/2010 9:29:13 AM PST by EGPWS (Trust in God, question everyone else)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Jacquerie

Well I look at it this way,the Illegal halfazzed federal government had no problem taking our money and squandering it on the great society and every other BS social program then giving it to the world ,so tough chit !Sell off some Government asset’s to pay us with and they got plenty.


13 posted on 12/25/2010 9:31:22 AM PST by Cheetahcat ( November 4 2008 ,A date which will live in Infamy.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: clee1
Actually, taxation is the best form of “means testing” if it comes to that.
Make 100% of the Social Security benefit taxable at regular income tax rates.
Also, make 100% of the roughly $830.00 per month, per Medicare Beneficiary, that the government spends on every person on Medicare, on average, taxable.

Get a 1099 for Medicare benefits and a 1099 for SS benefits. If you don't make much, of course, you don't get taxed. I don't like this idea. However, if we must "means test" this is the easiest, least intrusive and least bureaucratic way to do it.

14 posted on 12/25/2010 9:31:51 AM PST by Kansas58
[ Post Reply | Private Reply | To 6 | View Replies]

To: InvisibleChurch
Yeah, if you don't accept Social Security they will compute your income as if you received it and collect taxes on it anyway.

Your doctor can even find the federales hauling him to jail for charging you MORE than Medicare allows ~ that's under the fiction that IF you ever accepted one thing, which you might someday if you are eligible, he's commiting Medicare fraud to charge you something different than what they allow.

At the same time if your doctor gets too many Medicare patients he can be charged with Medicare fraud and imprisoned.

What you need to do is make it legal for people who are Medicare eligible to purchase medical services on their own ticket.

15 posted on 12/25/2010 9:32:08 AM PST by muawiyah
[ Post Reply | Private Reply | To 2 | View Replies]

To: clee1

The DoD has been the favorite scapegoat of the Libs for decades! When was the last time you heard of cutting HHS, EPA Education or DoE by 1/3? DoD like all other government agencies has waste. Claiming that the DoD can be cut by 1/3 without affecting the DoD mission is fantasy.


16 posted on 12/25/2010 9:32:23 AM PST by wjcsux ("In a time of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
[ Post Reply | Private Reply | To 6 | View Replies]

To: EGPWS

“Us productive people pay much more into the government than what we take out of it.”

Amen to THAT! I have 10-15 years to go before I can tap into ANYTHING I’ve paid in. Will it be there? I’m not banking on it. I’m making alternate plans for the next 15 years.

I’ve worked and paid taxes since I was 15. I don’t want to hear any cr@p about how it’s MY fault! Our blood-sucking Government is the problem!

And, yes. We get what we vote for...and we are being paid back in SPADES because uneducated, vapid, special-interest, nano-second-attention-span types are are allowed to vote!


17 posted on 12/25/2010 9:32:57 AM PST by Diana in Wisconsin (I don't have 'hobbies.' I'm developing a robust post-Apocalyptic skill set.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: clee1
ALL spending that is not SPECIFICALLY authorized by the constitution, or necessary to meet constitutional goals, should be reduced to zero....

What?? And take away the entire reason for becoming a Congressmen or Senator?

Politicians spend citizens' tax dollars NOT for the betterment of We The People, but as end-around payola for themselves on behalf of Lobbyists and their client-businesses.

18 posted on 12/25/2010 9:33:26 AM PST by Conservative Tsunami
[ Post Reply | Private Reply | To 6 | View Replies]

To: Jacquerie

Obama plans to take care of the problem with his death panels.


19 posted on 12/25/2010 9:33:26 AM PST by devere
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jacquerie
these goals must include making significant cuts in Social Security and Medicare benefits for baby boomers.

What if we could cut the retirement benefits of retired Congressman and Senators first?

20 posted on 12/25/2010 9:34:37 AM PST by VRW Conspirator (If raising taxes on an activity reduces such an activity, let's tax liberalism to death.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 201-204 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson