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To: Soothesayer9
So, America is now "immoral" and according to your ignorance the cause is .. "porn, abortion, fag marriage, communism" ... and the Boomers!
Adding insult to injury, you also blame the Boomers for sucking down all the (SS & Medicare) money - but also claim they refuse to retire. HTF can they be doing both?
And since the leading edge Boomers have barely reached 65, HTF can they retire when the SS age for full benefits is 66?
So, did you figure all this out by yourself or did you need help from your scumbag OWS comrades? Fool.
24 posted on 12/09/2011 11:48:01 AM PST by oh8eleven (RVN '67-'68)
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To: oh8eleven; Soothesayer9
Actually the Baby Boom generation (and Gen X and Gen Y) is getting royally screwed by social security to subsidize a huge return on investment for the early participants in this scheme. This is the definition of a classic Ponzia scheme: early participants in the scheme earn a huge positive return on investment which is paid for by much lower and often negative returns on investment by later participants.

I ran some numbers recently and it looks to me like the typical middle income Baby Boomer, if he/she is lucky enough to live to about 80, will approximately get their social security taxes returned to them in benefits with an inflation adjustment but with zero real return on investment. That means, of course, that we all could have done far better in mandatory IRAs. This is the obvious result of giving huge windfall benefits to early participants in social security (such as my late father) who received far more in benefits than they ever paid in social security taxes even after adjusting for inflation.

That's our brave political class in Washington screwing over younger Americans to buy votes from seniors and fight off liberal election opponents.

43 posted on 12/09/2011 3:54:39 PM PST by socialism_stinX (We need a decline of statism and a revival of individualism and personal responsibility in America.)
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