General Discussion

truedelphi

(32,324 posts)

103. Great minds think alike! Even in the 1970's, various writers on

Wed Aug 27, 2014, 04:26 PM

Aug 2014

OpEd pages stated that all Baby Boomers would have for their retirement would be their boxes of 8 track music tapes.

During that same era, one political cartoonist had a cartoon where it showed Baby Boomers in their old age looking into the box labelled Social Security (in the shadow of the nation's Capital Building) and all that was inside was a big piece of paper on which was written "IOU!"

Edit history

Please sign in to view edit histories.

Recommendations

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

116 replies

= new reply since forum marked as read

Highlight:

Hey Boomers, let's rejoice! The reason our Soc. Security is delayed for two years is [View all] truedelphi Aug 2014 OP

Food stamp cuts and pension smoothing, too!!!!!11!1! woo me with science Aug 2014 #1

And one of the main reasons they have succeeded in these assaults is because they have sabrina 1 Aug 2014 #2

+1 daleanime Aug 2014 #16

+1 rhett o rick Aug 2014 #33

Got that right and here we go again TheKentuckian Aug 2014 #37

+1 nt Zorra Aug 2014 #59

+1 nationalize the fed Aug 2014 #68

That is an excellent link, thank you. sabrina 1 Aug 2014 #85

What a great link that is. truedelphi Aug 2014 #98

You must be talking about the "Any Democrat" camp. Fantastic Anarchist Aug 2014 #74

Yes, they talk down to voters, attack them for simply 'wondering out loud' if we couldn't sabrina 1 Aug 2014 #84

"And that is why we lose even when we win." Fantastic Anarchist Aug 2014 #107

Couldn't agree more! FiveGoodMen Aug 2014 #90

+1 woo me with science Aug 2014 #75

I started working at the age gldstwmn Aug 2014 #91

God almighty do I ever hear you. truedelphi Aug 2014 #99

K&R! This post should have hundreds of recommendations! Enthusiast Aug 2014 #3

Why fuck around with this tinker toy shit ...go for the fucking DeathStar. L0oniX Aug 2014 #5

OMG! It might scare 'em to death. Enthusiast Aug 2014 #6

It scared me nationalize the fed Aug 2014 #69

GOTV ...more of the same is good cause the other guy will destroy the country. L0oniX Aug 2014 #4

F#ck the endless wars against the evil faction of the week. All they do grahamhgreen Aug 2014 #7

+1 ReRe Aug 2014 #19

Military-Industrial Complex's Plucketeer Aug 2014 #8

What a perfect perpetual money pit.... dixiegrrrrl Aug 2014 #23

Huge K & R !!! WillyT Aug 2014 #9

I turn 62 in November and have already LibDemAlways Aug 2014 #10

Same here. (nt) Ino Aug 2014 #11

I always enjoy reading Social Security advice columnists LibDemAlways Aug 2014 #13

When my late husband was eligible for SS, he talked to an accountant: Paper Roses Aug 2014 #34

Great advice. My husband died at 64 years plus 11-3/4 months. Never collected a dime. japple Aug 2014 #39

I'd wait if I could... Ino Aug 2014 #60

it's grounded in reality from one standpoint BobbyBoring Aug 2014 #80

I totally understand where you are coming from. truedelphi Aug 2014 #15

As a substitute teacher I have no benefits and am LibDemAlways Aug 2014 #18

"Social Security is the only financial security we have." Curmudgeoness Aug 2014 #46

Exactly the same with me. I was willing to sub outside of my fields, so for quite a while could sub maddiemom Aug 2014 #61

It's my understanding that I can earn up to $15K without LibDemAlways Aug 2014 #63

If you really get into organizing subs in this way, let me know if I can help. maddiemom Aug 2014 #92

I earned my teaching credential back in 1975 at a LibDemAlways Aug 2014 #115

Way to go, LibDemAlways. truedelphi Aug 2014 #97

Thanks, will do. LibDemAlways Aug 2014 #114

Same here Suziq Aug 2014 #45

Take a very careful read of your Social Security benefits FULL RETIREMENT IS AGE 70. fasttense Aug 2014 #66

DURec leftstreet Aug 2014 #12

The biggest crime against Americans? The MIC. Rex Aug 2014 #14

Hear! Hear! ReRe Aug 2014 #20

Actually, against all living things. If it kills, it gets top priority. Sick F'en country. n/t RKP5637 Aug 2014 #51

K&R.... daleanime Aug 2014 #17

Do you know how many people Helen Borg Aug 2014 #21

I don't know the statistics. But everyone I know over 60 has a horror tale truedelphi Aug 2014 #22

I looked at the lifetables ... Helen Borg Aug 2014 #30

That is an interesting observation. truedelphi Aug 2014 #36

No. former9thward Aug 2014 #43

So... the lifetable numbers assume 100,000 people Helen Borg Aug 2014 #79

What they are saying former9thward Aug 2014 #83

Right. So, 3% of people 65-67 die each year... Helen Borg Aug 2014 #86

Thank you for the analysis you did with this table. truedelphi Aug 2014 #101

90,000 a year questionseverything Aug 2014 #76

Significant savings! Hissyspit Aug 2014 #88

Yeah, but how about that S&P? whatchamacallit Aug 2014 #24

What really kills me is to hear those financial advisors talk about how boomers should japple Aug 2014 #25

Hey, it was only $2000 a year since the age of 20 Warpy Aug 2014 #29

:^( Adam051188 Aug 2014 #26

Fuck the jets, we need to give more money to the Koch Bros and Walton family BaggersRDumb Aug 2014 #27

Any congressman who votes (or voted) to raise the retirement age Warpy Aug 2014 #28

It was a fairly bipartisan vote in 1983 madville Aug 2014 #38

Yep, further proof that both sides of the aisle have their strings pulled truedelphi Aug 2014 #55

Here's a summary of what H.R. 1900 did... PoliticAverse Aug 2014 #110

Heh, heh! I can just picture it now. If you've never watched the movie japple Aug 2014 #41

Okay, it's not as though the change to SheilaT Aug 2014 #31

Our household had its retirement truedelphi Aug 2014 #35

I can only hope that the ACA is SheilaT Aug 2014 #47

The two hopes you mention are both things I truedelphi Aug 2014 #52

K&R Sherman A1 Aug 2014 #32

Thankfully as a federal employee madville Aug 2014 #40

And the total screwing of the American worker is nearly complete. Brigid Aug 2014 #42

^^^^^^^^^^^^^^^^^^^^^^n/t truedelphi Aug 2014 #100

Actually, you can start collecting at 62.5, but it won't be your full benefits that you are entitled still_one Aug 2014 #44

That is a good point to emphasize. truedelphi Aug 2014 #54

That was my only point, everything else was right on. What really gets my goat is all these still_one Aug 2014 #56

My mom turned 66 in June and got her first SS check davidpdx Aug 2014 #72

If it's any consolation, I'm 40. I will pay into SS my whole life hughee99 Aug 2014 #48

Same here BainsBane Aug 2014 #65

OTOH, I started gettin SS at 62. MineralMan Aug 2014 #49

I used the same analysis to start collecting at 62. mnhtnbb Aug 2014 #57

It's definitely worth making the calculations. MineralMan Aug 2014 #71

I was under the impression that Social Security is funded by SocSec taxes, not the general fund... Stardust Aug 2014 #50

Ooh Grasshopper, truedelphi Aug 2014 #53

Trust fund depletion is actually around 2026 madville Aug 2014 #58

'Top 5 Social Security Myths.' The last two paragraphs agree with you: freshwest Aug 2014 #64

This deserves to be its own OP! truedelphi Aug 2014 #102

Rec #147 Iwillnevergiveup Aug 2014 #62

The reason is that we have spent every penny of SS. "Lent" it to the Federal gov't, to spend on war Romulox Aug 2014 #67

it's full of U.S. Treasury Bonds not IOUs see post #64 above /nt Dragonfli Aug 2014 #78

Actually it's full of "Special Issues" not "Treasury Bonds". PoliticAverse Aug 2014 #104

They are still treasury bonds, no matter what nonsense Pete Peterson is spreading that you fell for Dragonfli Aug 2014 #108

I am quite familiar with the link I posted (and additional information from the Social Security PoliticAverse Aug 2014 #109

I brought it up because the IOU meme meant to pretend that the money was not invested Dragonfli Aug 2014 #111

For past US defaults, see... PoliticAverse Aug 2014 #112

That was a major fuck up that cost the country 6 billion a year Dragonfli Aug 2014 #113

Great minds think alike! Even in the 1970's, various writers on truedelphi Aug 2014 #103

Seniors on SS The Wizard Aug 2014 #70

What the fuck? Fantastic Anarchist Aug 2014 #73

K & R ctsnowman Aug 2014 #77

Time for peace, cooperation, and non-violence to prevail. Dont call me Shirley Aug 2014 #81

May it be as you wish. But in fact, the war truedelphi Aug 2014 #95

No, the reason is a bill passed back in 1983 frazzled Aug 2014 #82

Jeez oh Jeez oh Jeez: truedelphi Aug 2014 #94

So, if I would say ooga booga frazzled Aug 2014 #96

YOUR very last sentence shows your lack of motivation to think about this. truedelphi Aug 2014 #105

But..but..just look at how safe we are! Peace and freedom prevails around the world! Tierra_y_Libertad Aug 2014 #87

I get where you are coming from re: defense and other obscene costs ,but ashling Aug 2014 #89

It's a matter of perspective. truedelphi Aug 2014 #93

Oh, I agree perfectly ashling Aug 2014 #106

Amazing. Autumn Aug 2014 #116