General Discussion

Honeycombe8

(37,648 posts)

128. I saw a documentary that said just that, guy. The baby boomers caused an economy boon.

Reply to customerserviceguy (Reply #126)

Thu Nov 15, 2012, 11:42 PM

Nov 2012

After the war...Mad Men....men were making big money...consumerism...people buying houses, cars, toys, bikes, clothes. Lots and lots of people bursting forth with more little people, and buying more and more stuff.

Now they're retiring. And it's gonna take a LOT of money to pay their retirement benefits. Even though the boomers paid into SS for many years, the boomers will live longer than was anticipated. It's gonna take a LOT of money to pay those benefits.

But it can be fixed somehow. People will scream, no matter what is done. Including me.

Then waaaaay down the road, after all the boomers die, the next generation will be retiring, and SS won't have the same trouble. Because probably by then, the generation AFTEr them will have increased in size, so that once again there are more people paying in than are retiring. Which was the model that the current SS system was built around.

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Repeat after me - benefit. Ben-e-fit. Benefit. Social Security is a BENEFIT. [View all] jillan Nov 2012 OP

Seriously! JaneyVee Nov 2012 #1

PAID BENEFIT, DAMMIT brush Nov 2012 #30

The only problem is customerserviceguy Nov 2012 #82

that's solvable JUST raise the cap on taxable income... ReallyIAmAnOptimist Nov 2012 #83

That's exactly right. Capital gains too. eom Blanks Nov 2012 #85

Yeah, yeah brush Nov 2012 #84

You should really stop listening to Republicans about debt jeff47 Nov 2012 #109

Bernie Sanders customerserviceguy Nov 2012 #114

So you claim it's impossible to get back to the economy of 1999 or 2000? jeff47 Nov 2012 #115

I think it's highly unlikely customerserviceguy Nov 2012 #126

You're either a boomer with the largest ego I've ever seen, or you're a really poorly informed jeff47 Nov 2012 #127

Why do my statements about the sheer volume of the numbers sound egotistical? customerserviceguy Nov 2012 #143

I saw a documentary that said just that, guy. The baby boomers caused an economy boon. Honeycombe8 Nov 2012 #128

Thanks customerserviceguy Nov 2012 #140

It doesn't take immigration to save SS. Honeycombe8 Nov 2012 #141

Your analysis is correct customerserviceguy Nov 2012 #144

You're wrong. People who have been working over the past several sabrina 1 Nov 2012 #133

Good to hear from you again, it's been awhile customerserviceguy Nov 2012 #145

so you think you are entitled to those benefits? hfojvt Nov 2012 #131

Not sure what you mean? brush Nov 2012 #134

seems to me that if someboyd is entitled to something hfojvt Nov 2012 #135

Entitlement v paid benefit brush Nov 2012 #136

a paid benefit sounds like it has already been paid hfojvt Nov 2012 #137

Entitled is in the 1935 SS law 9 times FogerRox Nov 2012 #103

Actually there is nothing wrong with the word entitlement just means Live and Learn Nov 2012 #2

Except when the GOP wants the President to cut "entitlement" spending before they will agree to jillan Nov 2012 #3

So you really do hate the word Angry Dragon Nov 2012 #9

Not sure how you got that out of what I said. No, I don't Live and Learn Nov 2012 #12

I misread your last sentence Angry Dragon Nov 2012 #19

Unfortunately or otherwise ... you are right, we need to change the word..... meti57b Nov 2012 #80

How about "refund" or "distribution" or "dividend" Delmette Nov 2012 #100

I think they are more open to interpertation than 'insurance' Angry Dragon Nov 2012 #101

What is the title of SS? FogerRox Nov 2012 #107

"Insurance" usually implies that you'll only get paid Art_from_Ark Nov 2012 #130

to repukes, entitlement means "FREE STUFF" Skittles Nov 2012 #25

Unless they are the ones getting it. Live and Learn Nov 2012 #27

CORRECT Skittles Nov 2012 #31

Just what I was about to say. The Rs need to get a freakin' dictionary. But, face it, Dark n Stormy Knight Nov 2012 #37

I think you hit the nail on the head when you added "evil" to "genius" Live and Learn Nov 2012 #39

But I only consider him evil because what he sells is evil, but not the way he sells it. Dark n Stormy Knight Nov 2012 #43

Not sure I need to read that since I already know that. Live and Learn Nov 2012 #46

Maybe not, but it's not a progressive book. It is a marketing book based on the idea of the power of Dark n Stormy Knight Nov 2012 #54

I'll look in to it based on your recommendation. nt Live and Learn Nov 2012 #59

Agreed Sherman A1 Nov 2012 #58

I agree and I'm sick of the left running away from the word. PeaceNikki Nov 2012 #139

Here Here! Dyedinthewoolliberal Nov 2012 #4

I agree we need to re-brand, but only because that word has been demonized. If you paid for a pair Dark n Stormy Knight Nov 2012 #44

It is an INSURANCE POLICY Angry Dragon Nov 2012 #5

Too many syllables for the right wing. jillan Nov 2012 #7

Exactly! Not sure what it says now because I am on a state retirement program in Colorado, but when world wide wally Nov 2012 #41

Fuck "austerity"! No socialization of government debt! Don't pay for Bush's wars and the bailouts! Fire Walk With Me Nov 2012 #6

we paid for it in good faith & we're entitled to it. i don't see how saying 'benefit' makes HiPointDem Nov 2012 #8

+1 nt Live and Learn Nov 2012 #13

I never miss a chance to tell people that SS has close to $3 trillion in bonds, and... reformist2 Nov 2012 #10

Intragovernmental debt is not the same as external debt. n/t PoliticAverse Nov 2012 #34

both are public debt. HiPointDem Nov 2012 #52

I would even better if we admitted it is a WELFARE benefit and got rid of the "insurance" meme Maplegrass Nov 2012 #11

Nothing wrong with the word welfare. Live and Learn Nov 2012 #15

Absolutely right. Maplegrass Nov 2012 #18

You really do have a point. We all do pay (by way of taxes) Live and Learn Nov 2012 #29

no, we don't all pay for welfare. welfare, food stamps etc. are paid through the income tax, HiPointDem Nov 2012 #51

Willing to bet there are relatively few that don't pay income tax ever in their lifetime. nt Live and Learn Nov 2012 #53

paying it 'ever in their lifetime' isn't paying for it. and yeah, there's a significant fraction of HiPointDem Nov 2012 #57

Maybe, your problem is really with thinking people are leeches just because they Live and Learn Nov 2012 #60

it ain't me throwing the poor under the bus, it's our own ruling class. No, my problem is with HiPointDem Nov 2012 #63

Seems to me you are throwing them under the bus to protect Live and Learn Nov 2012 #66

seems to me you are very confused. there is no fucking social contract, seems you don't get it. HiPointDem Nov 2012 #69

Nope, I am suggesting that you stick up for not only what yourself but those Live and Learn Nov 2012 #70

there is no worker 'less fortunate than me' where social security is concerned. the social contract HiPointDem Nov 2012 #72

Wow, really? You imagine yourself to be the least fortunate person in existence? Live and Learn Nov 2012 #75

no, i mean all workers are on an equal footing where SS is concerned. you pay into the system HiPointDem Nov 2012 #76

Absolutely right democrattotheend Nov 2012 #105

I confess the first 2 years of my son's life truedelphi Nov 2012 #93

Social Security is not a welfare program democrattotheend Nov 2012 #104

Your comment is excellent. FogerRox Nov 2012 #122

I think the Rs have redacted that. Dark n Stormy Knight Nov 2012 #45

I think they would love to except that it also pertains to the military Live and Learn Nov 2012 #47

According the them. Their attempts to narrowly define the General Welfare Clause as constrained by Dark n Stormy Knight Nov 2012 #50

absolute hogwash. it's not a welfare benefit and it's survived 75 years intact because it's *not.* HiPointDem Nov 2012 #17

Yeah, because Clinton threw it under the bus due to right-wing pressure. Maplegrass Nov 2012 #22

and he was able to do so because the recipients hadn't paid for it, so no one cared. HiPointDem Nov 2012 #23

How do you know they never paid for it? "Welfare" is a safety net program. Live and Learn Nov 2012 #56

Welfare is funded through income taxes. Most workers pay little if any income tax: top 10% of HiPointDem Nov 2012 #61

Give me a friggen break. I pay quite a bit in income tax and I Live and Learn Nov 2012 #65

maybe you do. most people don't. i *expect* to collect on my social security payments, that's HiPointDem Nov 2012 #67

Most of us will be at their mercy no matter what if we don't come together Live and Learn Nov 2012 #68

no, you didn't pay in as a child making minimum wage. jesus christ. you got a full refund. HiPointDem Nov 2012 #71

Nope, I paid income tax and payroll taxes as a part time worker. Live and Learn Nov 2012 #73

you paid payroll taxes, including social security tax, and didn't get them back. no one gets them HiPointDem Nov 2012 #74

This message was self-deleted by its author Live and Learn Nov 2012 #77

why will you 'never be eligble to recieve a penny from it or medicare'...? BlueMan Votes Nov 2012 #89

Means-testing is the first step to eliminating it. jeff47 Nov 2012 #110

Ladies and Gentlemen, Jeff47 has made the most cogent comment in this thread. This is an example FogerRox Nov 2012 #117

No, it's an investment we all make. nt DCKit Nov 2012 #14

Why not use the word investment for it? democrattotheend Nov 2012 #106

Sorry, but I think of it as the opposite TorchTheWitch Nov 2012 #16

Did you know the word entitled is in the 1935 SS law 9 times? FogerRox Nov 2012 #120

doesn't surprise me TorchTheWitch Nov 2012 #124

Or... I Am ENTITLED To The Investment I Made Into The Social Security Program WillyT Nov 2012 #20

If not, why is Romney entitled to his investment returns? nt Live and Learn Nov 2012 #40

It's both Major Nikon Nov 2012 #21

NO CUTS to Social Security INSURANCE and Medicare and Medicaid. Until AFTER Overseas Nov 2012 #24

Also capital gains tax rates need to be fixed, daleanime Nov 2012 #35

Schumer was on tv saying CuTTING SS was "OFF THE TABLE' Harry Reid, THIS WEEK.. Cha Nov 2012 #26

Damn Skippy! Scruffy Rumbler Nov 2012 #28

It's an entitlement Canuckistanian Nov 2012 #32

Unfortunately the pigs did to the word entitlement the same thing they did to liberal. And for that jillan Nov 2012 #86

Go Jillan sheshe2 Nov 2012 #33

But that's only if you accept their demonizing of the word. Something IS an entitlement because we Dark n Stormy Knight Nov 2012 #49

Dems can on occasion be wrong too. nt Live and Learn Nov 2012 #62

No, really? Dark n Stormy Knight Nov 2012 #96

Actually, you got it wrong. Spitfire of ATJ Nov 2012 #36

Kicked SoapBox Nov 2012 #38

The semantics don't matter so long as people understand how the program works. harmonicon Nov 2012 #42

I think you're dead wrong about that. There really are such things as magic words. Dark n Stormy Knight Nov 2012 #48

I get that that works, but I'm against doing it. harmonicon Nov 2012 #92

I'd be against it if I thought the education thing would work. Too many people just don't want a Dark n Stormy Knight Nov 2012 #97

Honestly, yes, I would rather lose than sacrifice my principles. (nt) harmonicon Nov 2012 #98

paying for others is how you pay for yourself, and a significant percent of retirees continue to HiPointDem Nov 2012 #55

Social Security is a retirement plan Fearless Nov 2012 #64

"ben-e-fit"... kick n rec! nt stlsaxman Nov 2012 #78

Did you know the word entitled is in the 1935 SS law 9 times? FogerRox Nov 2012 #121

Yes- i would suppose it is. because we are "entitled" to the benefits. stlsaxman Nov 2012 #138

I'm entitled to my social security and Medicare benefits. Warren Stupidity Nov 2012 #79

EARNED benefit. unblock Nov 2012 #81

It's a benefit that we are entitled to. Ganja Ninja Nov 2012 #87

Isn't Entitlement in the name of the law when it was first passed back in the 30s? sammytko Nov 2012 #88

Entitled is in the 1935 law 9 times FogerRox Nov 2012 #118

It is an "Earned Entitlement". I bought it, I paid for it, I dam sure am entitled to it. 1-Old-Man Nov 2012 #90

Rich people are entitled libodem Nov 2012 #91

i think you might want to look up what entitlement means... dionysus Nov 2012 #94

You infer the author has a lack of understanding when it comes to the definition of the word FogerRox Nov 2012 #119

To which you are ENTITLED. Sekhmets Daughter Nov 2012 #95

Here here! hrmjustin Nov 2012 #99

SO the fact that entitled is in the 1935 law 9 times doersnt stop you from not thinking? FogerRox Nov 2012 #102

How about calling it an investment? democrattotheend Nov 2012 #108

How about if democrats loudly make the case that it *is* a workers' entitlement, because workers HiPointDem Nov 2012 #111

Except it's not an investment. Recursion Nov 2012 #113

I'm in my late 20's and not holding my breath on that democrattotheend Nov 2012 #123

Actually if you're in you're 20s, it will be in great shape for you Recursion Nov 2012 #125

I think you have misunderstood what "entitlement" means Recursion Nov 2012 #112

Such logic and clarity, and a souind legal foundation too. FogerRox Nov 2012 #116

Didn't Lawrence O'Donnell just call it Socialism? AntiFascist Nov 2012 #129

Wait, I pay for it????? Everytime a childfree conversation comes up on DU I'm told RB TexLa Nov 2012 #132

i don't collect entitlements with you. n/t dionysus Nov 2012 #142