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1 posted on 08/19/2012 11:51:18 PM PDT by Abiotic
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To: Abiotic

Baby boomers can’t expect retirement.
The good news is that I see this shitty market hiring 76 year olds over young upstarts.

Baby boomers are not the problem, we are the solution.
I feel awful for the young upstarts but their it is..

We funded our parents an grandparents retirement as well as our great grandparents.

It was crappy when We started out, and I expect young upstarts will do fine when I am in the ground.

My Father told me way back when “Nobody owes you a living”


2 posted on 08/20/2012 12:05:35 AM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: Abiotic

I wonder - will the compromise involve greater government spending?


3 posted on 08/20/2012 12:22:17 AM PDT by andyk (Go Juan Pablo!)
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To: Abiotic
The problem in a nutshell: the first wave of Baby Boomers, born between the years of 1946 and 1964, officially reached retirement age in 2011.

The problem in a nutshell is the Gubmint which is made up of 537 elected officeholders to the executive and legislative branch from both political party elites are LYING scum.

The population is INCREASING and the work foce is DECREASING yet the unemployment rate does not reflect that shift because the Gubmint be cooking the books by trickery such as adding 3.5 million to SSI disability in the Barry's socialist term of office.

The demographics of the babyboomers may be a problem, but the problem in a NUTSHELL is that the population is INCREASING while the workforce is DECREASING and that my friends is the CLASSIC definition of socialism.

5 posted on 08/20/2012 12:39:50 AM PDT by Biblebelter
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>> the Baby Boomers (now ages 48-66) represent the most significant population wave in US history.

We were in like Flynn before abortion was in...


6 posted on 08/20/2012 12:46:21 AM PDT by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: Abiotic
I've long said that the whole concept of "retirement" is largely a fiction. There is no human society that has ever managed to survive a scenario where a large number of its citizens is completely unproductive for 20-30 years (or even longer) at the end of their lives, living a life of leisure while the rest of their fellow citizens slave away to support them.

On the one hand this is likely to collapse under its own weight. The interesting dynamic here, though, is that here in the U.S. we have entire industries built up around catering to retirees who have a steady, substantial source of income ... and these industries are going to fight hard to preserve the status quo even as the entire economy slides into the toilet.

14 posted on 08/20/2012 3:54:45 AM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: Abiotic
After all it is the unsustainability of America's $100+ trillion in underfunded welfare liabilities that is the biggest danger to preserving the American way of life, and will be the sticking point in the presidential election in 80 days.

It's not clear in this poorly written article whether the writer is referring to actual welfare programs in that sentence, or if SS and Medicare are considered to be welfare programs.

But here we have another article bemoaning the SS and Medicare situation, while having little or nothing to say about the $1 trillion per year NOW BEING SPENT on the hodgepodge of welfare programs, the benefits of which are largely paid to working age Americans who don't work.

Based on recent articles stating that 100 million now receive benefits from various welfare programs, and 60 million are now on Medicaid (rising to 80 million if Obamacare if fully implemented), and 47 million receive food stamps (Swipe your EBT), it appears that around 20% of WORKING AGE ADULTS are now being supported by government welfare programs.

How does the future funding for all those welfare programs look? How much have the recipients paid into funding those programs?

There is the real problem that must be solved to put our fiscal house in order, and getting folks off welfare into jobs is the only solution. Again, these programs NOW cost a trillion per year, about 30% of the entire federal budget.

16 posted on 08/20/2012 7:09:45 AM PDT by Will88
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