General Discussion

truedelphi

(32,324 posts)

26. i am sorry that you are a victim of the war between the generations

Mon Mar 4, 2013, 04:53 PM

Mar 2013

One that has been created by our beloved Fourth Estate.

The fact is - One) That chart that is bandied about, showing how the Social Security payments amount to some 24% of the government's total spending each year is FALSE. The Social Security funds are in their own special fund, and currently that fund has a 2.1 trillion dollar surplus. Two) The Fund itself would be in trouble, sometime after the year 2030. Since it is also predicted that we will have a pandemic that wipes us all out by then, I think it would be wise to wait until 2025 to start worrying. People who are wiser than me say that there is a way that we could straighten this out IMMEDIATELY: raise the rates on people making over $ 115,000 a year. This is more than fair - believe me, the better off you are, the more likely you will live to see your share of the earnings.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

174 replies

= new reply since forum marked as read

Highlight:

If You Are A Baby Boomer - the real reason YOU SHOULD BE FURIOUS over CPI cuts: [View all] truedelphi Mar 2013 OP

HUGE K & R !!! WillyT Mar 2013 #1

Sush, prole. The 1% wants that money and they have the power to take it. Now just shush. Scuba Mar 2013 #2

it's an absurd OP hfojvt Mar 2013 #141

I don't understand how Social Security is part of the upaloopa Mar 2013 #3

That money goes to the rich and big biz n2doc Mar 2013 #8

It isn't. jeff47 Mar 2013 #12

In 20 years, a lot of Boomers will be gone. Zen Democrat Mar 2013 #32

Under there scenario, it's stable at 70% of current benefits forever jeff47 Mar 2013 #35

Last I read, this is how the generational population breaks down Hestia Mar 2013 #74

And this describes the true situation TM99 Mar 2013 #84

No one is screwed, Millenials (who the hell comes up with these terms btw?) sabrina 1 Mar 2013 #87

I really didn't need a tirade. TM99 Mar 2013 #92

"SS is fine".......except: dixiegrrrrl Mar 2013 #96

That can be fixed by raising the cap and providing jobs here starting with sabrina 1 Mar 2013 #111

I agree with you that this could work, TM99 Mar 2013 #114

Another big chunk of "lost" revenue Jeff In Milwaukee Mar 2013 #118

Hmmmm PasadenaTrudy Mar 2013 #110

You are the last year of Boomers. TM99 Mar 2013 #113

"a generation twice our size" Babel_17 Mar 2013 #123

I tried to let people know in another OP I had truedelphi Mar 2013 #15

Excellent post! JDPriestly Mar 2013 #49

I am amazed at how blatant "our" representatives are with the hand wringing and the WCGreen Mar 2013 #51

Just after chervilant Mar 2013 #97

It is loaned out on IOUs. And they are trying as hard as they can to get their paid congress DhhD Mar 2013 #39

also we paid twice ThomThom Mar 2013 #58

That's the only thing that kept Social Security going this long customerserviceguy Mar 2013 #62

So we should be shot BECAUSE we paid more into SS? Or........ socialist_n_TN Mar 2013 #63

No, we had years to figure out how to get past the baby boom customerserviceguy Mar 2013 #66

Marx, Lenin, and Trotsky...... socialist_n_TN Mar 2013 #67

That's crap. We baby boomers paid double rates because of our numbers. rhett o rick Mar 2013 #77

If that money had truly been invested in something solid, you might have a point customerserviceguy Mar 2013 #93

There is no "unfunded liability". That's a conservative talking point. rhett o rick Mar 2013 #94

If it's a "talking point" customerserviceguy Mar 2013 #130

Did you read the report? I am a simple minded person. rhett o rick Mar 2013 #133

I did read it customerserviceguy Mar 2013 #136

The trust fund was INTENDED to go to zero. The system was designed rhett o rick Mar 2013 #137

It's going to get there a lot quicker than you think customerserviceguy Mar 2013 #138

It's me, not you. I am doing terrible making my point obviously. rhett o rick Mar 2013 #139

And if we had the expanding economies of the 50's, 60's customerserviceguy Mar 2013 #142

I am not sure where you are getting this, but in my opinion it's gibberish. rhett o rick Mar 2013 #150

There are a number of problems customerserviceguy Mar 2013 #156

SS was means tested in 1993 reteachinwi Mar 2013 #158

I stopped doing taxes in 1990 customerserviceguy Mar 2013 #161

SS is a giveaway program? That Sir, needs a citation or an apology for making craap up. FogerRox Mar 2013 #125

Leaving alone the most infamous case of Ida May Fuller customerserviceguy Mar 2013 #131

That statement along with a number of others seem consistant with rhett o rick Mar 2013 #154

The time for continued denial of the solvency of SS is long past over. Doremus Mar 2013 #124

I get my views from the writings of Dr. Allen W. Smith customerserviceguy Mar 2013 #132

May I ask? Babel_17 Mar 2013 #134

Sorry it took me a few days customerserviceguy Mar 2013 #143

Thanks for the reply, and the food for thought. Babel_17 Mar 2013 #146

You're welcome customerserviceguy Mar 2013 #148

I agree with some of what you are saying Babel_17 Mar 2013 #155

Again, my thanks customerserviceguy Mar 2013 #157

SS increases masked budget deficits created by corporate and individual income tax cuts. reteachinwi Mar 2013 #159

Your bolded paragraphs are indeed true customerserviceguy Mar 2013 #160

Yeah, not many people remember that. Or at least don't bring it up........ socialist_n_TN Mar 2013 #64

Precisely Sherman A1 Mar 2013 #91

So we elect a guy that we feel confident with that INdemo Mar 2013 #95

In 2010 there was a shortfall of $40 billion.... Sekhmets Daughter Mar 2013 #103

The deduction is not going to be enough to pay for the benefits paid out Yo_Mama Mar 2013 #135

yep marions ghost Mar 2013 #4

And paying back student loans. JDPriestly Mar 2013 #68

I said years ago..... llmart Mar 2013 #5

You got what you voted for. jeff47 Mar 2013 #16

seems like reagan was not reelected in 2012. nice try though nt msongs Mar 2013 #25

Because history started in 2012. jeff47 Mar 2013 #31

Wrong, wrong, wrong. charlyvi Mar 2013 #45

That was a sarcastic response. jeff47 Mar 2013 #46

OK. Thanks charlyvi Mar 2013 #48

Don't be sorry, we need to be constantly reminded. mountain grammy Mar 2013 #108

Um.... llmart Mar 2013 #54

Whether or not you did, boomers did. jeff47 Mar 2013 #70

There are some strong demographic trends politically that don't really line up like that Fumesucker Mar 2013 #57

Yes, but we lump people into "generations" as a very rough approximation jeff47 Mar 2013 #71

Point well taken. The baby boom era was really ended by the mid to late fifties, maddiemom Mar 2013 #100

I've said it many times... malokvale77 Mar 2013 #6

I say it also, and then the apologists for whatever party is in truedelphi Mar 2013 #7

Remember when... malokvale77 Mar 2013 #17

I remember Republicans and pundits in general thucythucy Mar 2013 #102

Here's another and better reason Demo_Chris Mar 2013 #9

you think like a repuke Skittles Mar 2013 #19

No, but that is exactly how the GOP will play it Demo_Chris Mar 2013 #23

of course the fucking GOP will play it that way Skittles Mar 2013 #24

So we agree: The GOP will play it that way Demo_Chris Mar 2013 #37

Well I'm going to do some opposite John2 Mar 2013 #115

Gen X didn't elect Reagan Demo_Chris Mar 2013 #119

Boomers didn't necessarily elect Raygun, either. love_katz Mar 2013 #153

i am sorry that you are a victim of the war between the generations truedelphi Mar 2013 #26

I agree, we could raise or eliminate the cap and solve in indefinately Demo_Chris Mar 2013 #38

so true so true ThomThom Mar 2013 #60

Business considers their half of the withholding "just another unjust tax". xtraxritical Mar 2013 #75

You hit it! It all comes down to corps paying their half. Now that most pensions are mountain grammy Mar 2013 #109

Let's just raise the cap on the SOBs. xtraxritical Mar 2013 #120

Yes, yes, yes! mountain grammy Mar 2013 #121

Thank you, truedelphi! n/t Duval Mar 2013 #53

You honestly believe anyone in Washington gives a shit about seniors? They don't. djean111 Mar 2013 #33

I agree Demo_Chris Mar 2013 #40

No generation is "stealing" from their descendants SoCalDem Mar 2013 #34

I believe that every generation is entrusted to guard this earth and society for the future Demo_Chris Mar 2013 #42

Exactly right and very well put! "We OWE each ...it's just that simple... maddiemom Mar 2013 #101

Why will many kids continue to pay in? JDPriestly Mar 2013 #69

I guess I have done a poor job explaining this Demo_Chris Mar 2013 #73

What happens two or three or four decades down the road JDPriestly Mar 2013 #86

I agree. The point was that time matters when you apply chained CPI to it n/t Demo_Chris Mar 2013 #89

President Obama offered it, so it... 99Forever Mar 2013 #10

No worries, according to a recent article in the Washington Post AnnieK401 Mar 2013 #11

The only way to stop it Pakid Mar 2013 #13

My Blue Dawg Congressman, Mike Thompson, (Lake County Calif.) is absolutely gleeful truedelphi Mar 2013 #20

They're telling the boomers they have to sacrifice for their kids.... Spitfire of ATJ Mar 2013 #14

Does anyone anywhere know the amount of huge contributions the Social Security truedelphi Mar 2013 #18

That doesn't matter. Spitfire of ATJ Mar 2013 #43

How can we who are on Social Security help out their kids RebelOne Mar 2013 #50

Soem peopel have the good fortune of being double dippers - truedelphi Mar 2013 #174

You have this backwards Demo_Chris Mar 2013 #28

Most people don't even know how the program works.... Spitfire of ATJ Mar 2013 #41

Good point Demo_Chris Mar 2013 #44

Kay & Ray! KansDem Mar 2013 #21

Thanks Kansas Dem. n/t truedelphi Mar 2013 #27

Theft blkmusclmachine Mar 2013 #22

Exactly! n/t truedelphi Mar 2013 #30

If only we had a president and congress that supported SS. better luck next year eh? nt msongs Mar 2013 #29

My Republican uncle told my dad that SS wouldn't be there for him. In the 1950s! Zen Democrat Mar 2013 #36

In 1975, my boss said SS wouldn't be worth a damn when we turned 65. She is now 67 raccoon Mar 2013 #122

K&R. Well said. JDPriestly Mar 2013 #47

I lost a year wryter2000 Mar 2013 #52

Well said. K&R Louisiana1976 Mar 2013 #55

I'm 66 Blue_In_AK Mar 2013 #56

k&r... spanone Mar 2013 #59

We are also the only generation to pay DOUBLE: truebluegreen Mar 2013 #61

As I said in a post upthread......... socialist_n_TN Mar 2013 #65

We should be raising the roof with it, truebluegreen Mar 2013 #104

It's called stealing Milliesmom Mar 2013 #72

K&R! Bravo! David Zephyr Mar 2013 #76

You make it sound as if the Boomers suffered more than any other generation. virgogal Mar 2013 #78

I think I agree. Hoyt Mar 2013 #79

In some ways, we are guilty of using up all the fun. truedelphi Mar 2013 #82

don't forget us 50 year olds admonish Mar 2013 #80

I remember those tax increases Oilwellian Mar 2013 #81

Listen to Michael Bloomberg on "entitlement" reform. It'll make you throw-up. SleeplessinSoCal Mar 2013 #83

Spoken like a true billionaire nt daa Mar 2013 #128

Take your Social Security early, in many cases! colorado_ufo Mar 2013 #85

The cuts are going to hurt succeeding generations even more eridani Mar 2013 #88

Yes, I agree with you. Totally. n/t truedelphi Mar 2013 #129

For those of us born 1983law Mar 2013 #90

You are a Gen Xer. Jennicut Mar 2013 #99

Let's remove the income cap on SS, for a start. It's not fair, and the arguments against make no Romulox Mar 2013 #98

ALL OF US chervilant Mar 2013 #105

We are unfortunately, very divided as a nation. truedelphi Mar 2013 #127

What % of DC lawmakers are Boomers? WilliamPitt Mar 2013 #106

I think that question ought to be: "What % of the Boomers in DC are IN the 1%?" WinkyDink Mar 2013 #117

cancer has taken its toll CountAllVotes Mar 2013 #107

and diabetes and heart disease.. mountain grammy Mar 2013 #112

My cousin just died of cancer, aged 60. WinkyDink Mar 2013 #116

I think they want cuts now in order to mask madville Mar 2013 #126

I'm an exbookkeeper. Cleita Mar 2013 #151

There is a BIG LIE being told here and it's being told over and over again so people Cleita Mar 2013 #140

Social Security may not be responsible for the debt customerserviceguy Mar 2013 #144

There is still $2.6 trillion in the fund. Cleita Mar 2013 #145

Again, did you see the math? customerserviceguy Mar 2013 #147

I'm quite familiar with the "math" of those who try to convince us our hair is on fire. Cleita Mar 2013 #149

Everybody has access to the same facts customerserviceguy Mar 2013 #164

You just won't give it up will you. Cleita Mar 2013 #165

Yeah, that's what people say customerserviceguy Mar 2013 #167

I went to your guru's website. Cleita Mar 2013 #169

Life expectancy at 65, for this new generation, is truedelphi Mar 2013 #162

I am and I am. And if this happens, I will send a request to Obama MotherPetrie Mar 2013 #152

Good luck with that. I'd like my money back too. truedelphi Mar 2013 #163

Raising the age to 67 is a 20% benefits cut for men. n/t lumberjack_jeff Mar 2013 #166

Can I just add one more reason Le Taz Hot Mar 2013 #168

K&R for the baby boomers.... midnight Mar 2013 #170

Not waiting until I'm 66--filed for early (62) benefits that begin in May. mnhtnbb Mar 2013 #171

That is a good point you are making. truedelphi Mar 2013 #172

Here is how someone named truedelphi Mar 2013 #173