Generation X & Y need to get to work…

[CavsSuperFan]

A tidal wave of retiring boomers is about to hit the U.S. Roughly 10,000 will reach the retirement age of 65 each day through the two decades, according to the Pew Research Center. By 2030, 18% of the country will be senior citizens.

http://money.msn.com/now/post.aspx?post=8c4e2d12-debd-4e0d-b6a5-bf2505b1543e

[DUNCANownsKOBE]

Truth bombs. Baby boomers need generation X and Y to start paying for their entitlements they ducked out of paying with their 30 year tax vacation.

[Th'Pusher]

Are Baby boomers the shittiest generation ever to exist in all of humanity?

[DUNCANownsKOBE]

They've certainly bankrupted this country and expected more entitlements than any other generation.

[DarrinS]

Some vehemently oppose any reform to these entitlements. What group might that be?

[DarrinS]

And X has been at work for quite a long time.

[DUNCANownsKOBE]

Some vehemently oppose any reform to these entitlements. What group might that be?

This one:

http://ajones1021.files.wordpress.com/2012/08/keep-your-government-hands-off-my-medicare1.jpg

[DarrinS]

^Fail

[CavsSuperFan]

I have read that the social security plan will remain the same for people 55 & older…Generation X & Y will eventually have their benefits delayed to age 70 & 72…Seems like a simple solution…

[Th'Pusher]

Some vehemently oppose any reform to these entitlements. What group might that be?
The majority of the people currently or about to be receiving those benefits regardless of political affiliation.

[boutons_deux]

if household wages hadn't stagnated since Repugs/VRWC got into power in 1980 (war on employees),

if median income had kept up with GDP growth to be $92K instead of $52K,

if the for-profit, vampire squid health care industry hadn't been hiking prices many times beyond inflation for decades with no parallel increase is health outcomes,

if BigFood/BigAg hadn't fucked up the food industry to feed sheeple crappy, pathogenic food,

the Hitler's baby boom would be sustainable.

You right-wing dumbfucks always place the blame, always wrongly, wherever your Fox/VRWC/Repug propaganda machine tell you to place it.

[DarrinS]

The majority of the people currently or about to be receiving those benefits regardless of political affiliation.


Dems freaked over Paul Ryan's proposal.

[Th'Pusher]

Dems freaked over Paul Ryan's proposal.
So did republicans. You did notice that Romney did not include it as a component of his campaign. In fact, he distanced himself from it and both he and Ryan demonized Obama for cutting $716B from Medicare.

[Wild Cobra]

Truth bombs. Baby boomers need generation X and Y to start paying for their entitlements they ducked out of paying with their 30 year tax vacation.
WTF are you talking about? We paid for ours. Congress stole it and spent it.

[FuzzyLumpkins]

WTF are you talking about? We paid for ours. Congress stole it and spent it.

Bullshit.


More worrying is that this generation seems to be able to leverage its size into favourable policy. Governments slashed tax rates in the 1980s to revitalise lagging economies, just as boomers approached their prime earning years. The average federal tax rate for a median American household, including income and payroll taxes, dropped from more than 18% in 1981 to just over 11% in 2011. Yet sensible tax reforms left less revenue for the generous benefits boomers have continued to vote themselves, such as a prescription-drug benefit paired with inadequate premiums. Deficits exploded. Erick Eschker, an economist at Humboldt State University, reckons that each American born in 1945 can expect nearly $2.2m in lifetime net transfers from the state—more than any previous cohort.

http://www.economist.com/node/21563725

X has benefited along with everyone else. It needs to change and those that have benefited the longest need to repay the most. You started in the 1980s just when Reagen started massing debts. That dime is on you too. I am more than willing to accept a tax increase. I actually live my life with that expectation.

[FuzzyLumpkins]

Dems freaked over Paul Ryan's proposal.

So did the Boehner, McConnel, Graham, and McCain old guard GOP.

The libertarians and the Koch foundation need their own party, oh wait they already do. We need to change the laws so that that third party has a viable chance.

[Clipper Nation]

Are Baby boomers the shittiest generation ever to exist in all of humanity?
No question, they are.... they're the ones who made voting themselves money from the public largesse a way of life, thereby fucking up our political process, turning elections into "whoever promises the most perks for my group wins," and helping bankrupt the economy....

On top of the damage they've done to politics and the economy, Baby Boomers do nothing but blame the Silent Generation for :cry "having all the power in Congress when we were young" :cry and (ironically) Gen X and Gen Y for :cry "being selfish and entitled" :cry while never pointing the finger at themselves, tbh...

[Trainwreck2100]

sure, oh wait nobody's fucking hiring. Wait I got a job that's great, what's that oh yeah I'm not getting paid shit

[AussieFanKurt]

Can't blame X and Y fully.. they were brought up by their parents generation obviously and last I checked how your parents raise you more often than not translates into the kinda person you are

[CosmicCowboy]

Get to work you lazy little fucks. I'm gonna need that check for fuel money for my boat in the bahamas.

[CosmicCowboy]

Gotta say my kids are exceptions but most of y'all are worthless fucks.

[FuzzyLumpkins]

Gotta say my kids are exceptions but most of y'all are worthless fucks.

So says the generation whose hallmark was being hippies and not doing a lick of work, get high, and fuck off. There is no justification for saying this other than baby boomers that refuse to ever ever be introspective. The baby boomer motto: something for nothing.

The boomers generation is set; you all are retiring and leaving the power structure. The proof is in the pudding. Those that follow are still writing theirs. There is nowhere to go but up especially after you all die off and quit sponging.

[2centsworth]

WTF are you talking about? We paid for ours. Congress stole it and spent it.

Not quite. they gave you interest bearing treasuries in return for what they borrowed. Fortunately, government expenses aren't necessarily constrained by tax revenue.

[DUNCANownsKOBE]

So says the generation whose hallmark was being hippies and not doing a lick of work, get high, and fuck off. There is no justification for saying this other than baby boomers that refuse to ever ever be introspective. The baby boomer motto: something for nothing.

The boomers generation is set; you all are retiring and leaving the power structure. The proof is in the pudding. Those that follow are still writing theirs. There is nowhere to go but up especially after you all die off and quit sponging.
rofl that's one of the biggest examples of baby boomer hypocrisy. They did more drugs than any generation prior to them, then once the fun was over they created the war on drugs and started bullshit programs like D.A.R.E.

[BobaFett1]

if household wages hadn't stagnated since Repugs/VRWC got into power in 1980 (war on employees),

if median income had kept up with GDP growth to be $92K instead of $52K,

if the for-profit, vampire squid health care industry hadn't been hiking prices many times beyond inflation for decades with no parallel increase is health outcomes,

if BigFood/BigAg hadn't fucked up the food industry to feed sheeple crappy, pathogenic food,

the Hitler's baby boom would be sustainable.

You right-wing dumbfucks always place the blame, always wrongly, wherever your Fox/VRWC/Repug propaganda machine tell you to place it.
.

You sound like Chris Matthews very ill informed and drinking the kool aid. Your messiah has spent more money than any Us president in history.

[boutons_deux]

.

You sound like Chris Matthews very ill informed and drinking the kool aid. Your messiah has spent more money than any Us president in history.

you're full of ignorant shit, fucktard, GFY

the deficit and federal spending is actually going down in under Obama, while St Ronnie tripled it and dubya doubled the debt.

[sickdsm]

Generational theft is an appropriate term. It doesnt matter if we are talking gen x,y,or z.

Every next generation will be paying for the previous.

[FuzzyLumpkins]

Generational theft is an appropriate term. It doesnt matter if we are talking gen x,y,or z.

Every next generation will be paying for the previous.

Umm, no. Prior to FDR and social security the elderly got the shaft. In many cultures they just let those that need support in order to survive die.

The baby boomers have set up for themselves the biggest gravy train in the history of the US. They wracked up debt rather than actually pay for the social security and general welfare of their parents.

[Das Texan]

Gotta say my kids are exceptions but most of y'all are worthless fucks.


fucking old bastard!


*agrees, especially those fucking gen Y'ers*

[Wild Cobra]

WTF are you talking about? We paid for ours. Congress stole it and spent it.Bullshit.

If I was able to invest everything I paid into the SS system, into an S&P or Dow index fund instead, I would get much more in my latter years than SS will ever pay me. So will most who have contributed.

As for Reagan accumulating such a debt. Yes, he did. Do you forget however, that he inherited double digit inflation from Carter? Government EE bonds cost 50% of their fact value and matured in 5 years. No intelligent and honest person can blame the growth in debt on Reagan.

Fuzzy.

I have paid into the SS, medicare, federal tax, and state tax systems since Nixon was in office, and filled out my own forms. How about you?

[Wild Cobra]

I have read that the social security plan will remain the same for people 55 & older…Generation X & Y will eventually have their benefits delayed to age 70 & 72…Seems like a simple solution…
Everyone on today's would needs to save with their own retirement fund. If they don't have a 401k or equivalent available, they need to have their own IRA.

[Wild Cobra]

Are Baby boomers the shittiest generation ever to exist in all of humanity?No question, they are.... they're the ones who made voting themselves money from the public largesse a way of life, thereby fucking up our political process, turning elections into "whoever promises the most perks for my group wins," and helping bankrupt the economy....

Well, if you are looking at how the majority of a group votes, I think the Boomer crowd is still more conservative overall. I didn't verify, so I may be wrong, but I don't think I am.


On top of the damage they've done to politics and the economy, Baby Boomers do nothing but blame the Silent Generation for :cry "having all the power in Congress when we were young" :cry and (ironically) Gen X and Gen Y for :cry "being selfish and entitled" :cry while never pointing the finger at themselves, tbh...

Huh? I have never heard another "Baby Boomer" cry about the previous generation. Gen X/Y... My God... What political liberal puppets, overall.
[QUOTE=Clipper Nation]

[Wild Cobra]

Can't blame X and Y fully.. they were brought up by their parents generation obviously and last I checked how your parents raise you more often than not translates into the kinda person you are
Maybe most Baby Boomers were able to give their children enough, that their children feel entitled...

[Wild Cobra]

Gotta say my kids are exceptions but most of y'all are worthless fucks.
I have a daughter that has done real well with responsibility, and finding employment. My youngest just turned 25. She's a hard worker, but not as responsible. I hope the future doesn't bite her in the ass.

[Wild Cobra]

So says the generation whose hallmark was being hippies and not doing a lick of work, get high, and fuck off. There is no justification for saying this other than baby boomers that refuse to ever ever be introspective. The baby boomer motto: something for nothing.

The boomers generation is set; you all are retiring and leaving the power structure. The proof is in the pudding. Those that follow are still writing theirs. There is nowhere to go but up especially after you all die off and quit sponging.
Hey now. I somewhat resemble that remark. I had quite a bit of hippie in me, but I was a responsible dope smoker.

[Wild Cobra]

Generational theft is an appropriate term. It doesnt matter if we are talking gen x,y,or z.

Every next generation will be paying for the previous.
Yes, that is what it is. Stealing from our progeny. I find it despicable when it occurs anytime outside of war or recession. The national debt should be paid down when times are normal or good, and we should only incur debt when we have bad time.

You hear that Clinton... You had the best economy in the 20th century, yet you didn't have a single year that you paid down the debt. The last time the debt was ever decreased was during Nixon. That's fucking sad!

[TDMVPDPOY]

baby boomers and public workers....just fkn up the system

[BobaFett1]

you're full of ignorant shit, fucktard, GFY

the deficit and federal spending is actually going down in under Obama, while St Ronnie tripled it and dubya doubled the debt.

More CNBC talking points. I bet the dems have never error in your eyes?

[boutons_deux]

CNBC? :lol

[CosmicCowboy]

BooBot mainlines thinkprogress.

[BobaFett1]

BooBot mainlines thinkprogress.

:lmao A liberal troll and a Obama worshipper.

[BobaFett1]

The federal government has now borrowed more money during Barack Obama’s time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.

At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.

That means the debt has increased $5,696,206,400,691.90 during Obama’s presidency.

On July 2, 2001, more than five months after President George W. Bush entered office, the national debt was $5,693,220,327,798.14, according to the Treasury. By the close of business on July 3, 2001, it had risen to 5,698,195,769,465.40. Since then, the debt has never again dropped below $5,696,206,400,691.90—the amount it has increased in less than one full term of Obama.

(Between late 1999 and the middle of 2001, as federal revenues sometimes exceeded expenditures, the debt fluctuated back and forth over the $5.696 trillion mark--only to finally pass that threshold, without retrenching, between July 2 and 3, 2001.)

[LnGrrrR]

Hey now. I somewhat resemble that remark. I had quite a bit of hippie in me, but I was a responsible dope smoker.

Wait, you smoked pot? I thought you were against legalization?

[BobaFett1]

It’s official. President Barack Obama is the biggest spender in the history of the world. And that is not hyperbole. Like a shopaholic who denies the addiction, Obama has consistently been in denial about his reckless spending addiction. Despite President Barack Obama’s denials, though, an analysis by Forbes shows there has not been a greater spender than Obama.
According to Forbes, “Obama’s own fiscal 2013 budget ... shows federal spending increasing from $2.983 trillion in 2008 to an all time record $3.796 trillion in 2012, an increase of 27.3%” and, “before Obama there had never been a deficit anywhere near $1 trillion.”
In addition, Obama had four consecutive budget deficits of over a trillion dollars and, in just one term, will “will have increased the national debt as much as all prior Presidents, from George Washington to George Bush, combined.”
And according to the study, budget proposals supported by Obama and Congressional Democrats will increase federal spending to the point where it will become 80% of the GDP if not reined in.
And in the short term, according to Forbes:
Obama’s 2013 budget proposes to spend $47 trillion over the next 10 years, the most in world history by far, increasing federal spending by $1.5 trillion above the current CBO baseline.
The first step in treating Obama’s spending addiction will be for him to admit he has a problem. What should scare Americans is that Obama seems a long way from even realizing he has a spending problem, let alone admitting that he does.

[BobaFett1]

CNBC? :lol

media won't report on it because they have been complicit in their support for him. They are as much responsible for this as he is because they have abandoned their responsibility to report the news accurately and fairly. I understand that those who own these media outlets are leftists, but how can reporters even live with themselves when they know that they are either not reporting important news and/or giving their viewing audience only one side of the story? I guess if those who report the news are comfortable with what they report, then that just shows how they have sold their souls to the media moguls. My suggestion would be to post this story on all your social media sites. The only way to get the news out there is to pass it along to as many people as possible.

[boutons_deux]

all you dickless right-winger got nothing, you're shooting blanks

[BobaFett1]

all you dickless right-winger got nothing, you're shooting blanks

Not a right winger just a American who wants the rule of law to be returned to the people. You a euro socialist. Take some responsibilty for your life.

[DUNCANownsKOBE]

Wait, you smoked pot? I thought you were against legalization?

Just another hypocritical baby boomer being hypocritical, tbh.

[CavsSuperFan]

Isn’t it true that Social Security has been well funded but Congress has raided its assets on two occasions?

[CavsSuperFan]

So says the generation whose hallmark was being hippies and not doing a lick of work, get high, and f-off. There is no justification for saying this other than baby boomers that refuse to ever ever be introspective. The baby boomer motto: something for nothing.

Mother went to see the 25th anniversary of Woodstalk back in 1994 & commented that” The Problem with the USA is that all those stoned hippies are now running the country”…:lol

[Das Texan]

though to be honest those morons who are largely baby boomers and that generation right after them on deciding it was a wise idea to go into not one, but two 'wars' and not having a faint idea of how to pay for said wars kinda put the USA and her debt behind the eight ball and all. Well other than just figuring it out later.

That and their insistence on kicking the fucking can down the road instead of fucking dealing with it.

[sickdsm]

Umm, no. Prior to FDR and social security the elderly got the shaft. In many cultures they just let those that need support in order to survive die.

The baby boomers have set up for themselves the biggest gravy train in the history of the US. They wracked up debt rather than actually pay for the social security and general welfare of their parents.


Wait. Was that generation z or what the f does that have to do with the current situation in regards to my statement?

[Clipper Nation]

:lol Butthurt Boomers having a meltdown
:lol Truth hurts

[DarrinS]

Just force the younger generations to buy health insurance so that the older class can have lower premiums.

Oh, wait, that's Obama's crowning achievement.


Suckers.

[boutons_deux]

Not a right winger just a American who wants the rule of law to be returned to the people. You a euro socialist. Take some responsibilty for your life.

You're a misinformed asshole who has no idea of what the country's real problems and causes are. and the rule of law you want applies only to 47% not the banksters and 1%ers like criminal tax evader Bishop Gecko.

[cantthinkofanything]

all you dickless right-winger got nothing, you're shooting blanks

I wish your dad shot blanks before he got your other dad pregnant.

[boutons_deux]

I wish your dad shot blanks before he got your other dad pregnant.

another blank fired in vain! :lol

[Wild Cobra]

Wait, you smoked pot? I thought you were against legalization?

I'm against legalizing "all" drugs. Never was against legalizing marijuana.

[LnGrrrR]

I'm against legalizing "all" drugs. Never was against legalizing marijuana.

Ah ok, my mistake. I thought you were against legalizing marjuana. :toast

[FuzzyLumpkins]

Who gives a shit what you have done?

Reagan slashed taxes. That was the point: since the 1960s when the people that actually wrote responsible fiscal policy paid off the debt, the boomers have led the charge in slashing taxes. He cut the individual rate severely especially on the top brackets. Created tons of deductions (re:loopholes) for business. And at the same time relative to GDP he increased spending.

Suck Reagan's dick on your own time.

[FuzzyLumpkins]

Wait. Was that generation z or what the f does that have to do with the current situation in regards to my statement?

No, I am saying that you are ignorant to both American history and other cultures treatment of their elderly. Why do you think social security was created in the first place?

The comparable situation is the silent and ww2 generations cleaning up the 1880-1900's mess. You have heard of the great depression? Well we have to clean up the boomers mess. I only hope we can do as well as those other two.

[DarrinS]

Who gives a shit what you have done?

Reagan slashed taxes. That was the point: since the 1960s when the people that actually wrote responsible fiscal policy paid off the debt, the boomers have led the charge in slashing taxes. He cut the individual rate severely especially on the top brackets. Created tons of deductions (re:loopholes) for business. And at the same time relative to GDP he increased spending.

Suck Reagan's dick on your own time.


http://www.ssa.gov/oact/progdata/taxRates.html

[FuzzyLumpkins]

http://www.ssa.gov/oact/progdata/taxRates.html

So?