I'd like to see that too. From the conception, the government just made up any losses or spent any gains in the system. There never was a "lock box" or separate account.
As I understand it if you take the net present value of the expected tax revenues and the expected benefit payouts you end up with a $9 trillion dollar shortfall, present value. So I guess it's a question of whether or not that gap would exist had Congress not been "borrowing" $5 trillion from the fund over the years. My finger in the wind analysis says no, but I could be wrong.
. I should've been dead 20 years ago.
Right, but that's future unfunded amounts. That's not present day. I see where you're coming from. I don't know the dollar amounts, but I agree.
The future of SS is in the red. Not today.
And he had how many $thousands for that government grant?
Grasshoppers dont grow on trees!
'cept in my backyard.
LOL... What can I say.. I should've been dead 20 years ago.
I meant that to be only 2 years as a burden to society. Are you a burden? I wanted to make the people who can be productive, but live on government programs think. I'm tired of our welfare systems as they exist. Too many people work hard at scamming them. Some are so good at it, they might have the makings of becoming millionaires if they put as much energy at real work as they do scamming the system.
You know, not far in the future, we will not be able to pay for everything. Social programs are the single largest category of the federal budget. How will our progeny tackle this problem?
The RedBox idea is pretty intelligent too. It's only really feasible nowadays, when nearly everyone has a credit/debit card.
Sidebar: Mark Cuban's blog was recently discussing the merits of Redbox vs. Netflix. He's solidly on the RedBox team.
Hmm... any link for that? I'm curious to see what the general public thinks about it.
To be sure, RedBox is probably cheaper, unless you watch 8 or more movies per month. But it would have to be somewhere within your nearby area, that you wouldn't mind driving by. The Redboxes here are slightly out of my way.
Red Box is good too, but the wife and I use netflix since the redbox we tried was at the grocery store, and we only hit the grocery store once a week. So we'd get a movie and then have to decide whether or not to make a special trip back to the grocery store or to just get dinged a buck a day until it was time for our weekly grocery run.
I'm hoping to die childless. In my 50's.
I'm all about Netflix. I mail a dvd out nearly every day. at $16 a month, I'm getting my money's worth.
Thanks!
As I said you can always infinitely regress. You can always say that I have had not done enough to prove causation because at its root nothing can be proven causative.
You are the one that alluded to Russell's point --even though you incorrectly attributed it to Hume-- that at a certain point you have to go with an instinctive belief as to what is actually true.
My argument is really simple. People from 30-50 make the preponderance of positions of power. The baby boomers have been in that position from about 1976 until just about nowadays. There is no question that they have certainly been the largest segment of the voting block for the same time period.
Given that when it comes to wholistic analysis it bears to reason that they were the single largest driving force during that time period. For example the WW2 generation was given credit for WW2 precisely for this reason.
During the baby boomers watch we have seen personal debt at historic highs and personal savings at historic lows. Dividend ratios have been above 25:1 for years now which quite frankly is a ing joke. It is also very uncanny that during the Carter administration that we saw the national debt begin to skyrocket, followed by Reagan blowing the roof of the mother er.
We have seen two major banking scandals under the baby boomers. The S&L of the 1980's and the current mortgage backed securities bull due to the erosion of Glass-Steagall over the last decade by politicians voted in by a voting block thoroughly dominated by baby boomers.
BTW, Clinton and Gramm who were the champions for repealing Glass Steagall were born in the 1940s.
You want the baby boomers personified?
You grant that there is a clearly defined correlation. I even have provided a mechanism for causation repeatedly. You just continue with this incredulity bull without even addressing that. Provide a refutation of something or just shut up.
whats a baby boomer?
The biggest problem is people wanting to put their parents out to pasture as if it's automatic we loose any rights of human dignity after the age of 60.
My grandparents are in their 90's. Probably don't have many years left. The respect, knowledge, and love they gave me growing up keeps me helping them all I can as well as other members of the family pitching in.
Is this something lost in the X generation and younger...the ability to be respectful of things other than themselves?
I ask this because no one in my family would ever dream of doing what is asked in this post.
If I may add...by the time all the baby boomers are dead and buried...there's a chance this country won't exist anymore in the frame work that we live in today.
Whether it will be better, worse, or non existant at all I couldn't predict that. But, from what I see today...most of the younger generation don't have the concept of saving for the future and thus will have no future of their own once their gravy train of spending mom and dad's money runs out. I sincerely hope that would never happen but I see too many indicators it will.
Oh give me a break. If you want to talk about spending all of mom and dad's money look no farther than yourself. Perhaps you have such a great view of your parents generation precisely because they were a great generation and actually left something for you.
My entire life I have heard crap about how GenX is lazy or how we won't accomplish jack.
Well what have you left for us? Jack . That money that 'mom and dad' left us is all spent up. Taken a look at the national debt or the debt of the average american? The value of the dollar?
All I see is a country thats really really ed up atm as you guys walk out into the sunset leaving us with the bill.
Your response to my post only proves that my post was right.
If you could only hear yourself type what's highlighted in bold.
I don't have any responsibility to leave anything to anyone except to my own kin. You are not my kin so i don't owe you .
My grandparents and parents taught me that I need to plan for my own future and not count on the SS program. They knew it would never be enough to provide for a decent living once I reached the age of retirement.
You on the other hand only prove what I posted...you either were never taught this...if so you have never applied it....and/or spend beyond your income never realising or caring it's up to you to be reponsible for your own future and will look to blame any and all for your inability to be repsonsible or respectful.
Well thats wonderful you don't think of anyone else but yourself. Bravo.
Gordon Gekko is the baby boomer generation to his core. You have zero issue of taking from the previous generation just as you have zero issue with leaving nothing behind.
I was taught to care for my family and I certainly do. OTOH I was also taught that greatness is also measured in the culture and civilization I live in. I am not so pigheaded or stupid to believe that all I have to do is worry about myself and everything will be just peachy. What the people around me do impacts me and I them.
If you want to live by some hypocritical ethic of Rand then go ahead. Or you can take the higher road and go live in a cave.
Your spouting intelect that you have accepted to be true to your values. Where did I say I only care about myself? I clearly stated my first concern is for my kin. You know...Grandparents, parents, Wife, children, grandchildren, etc.
If I have enough to care for others...I certainly do. I can give you a list of all the people I've helped in life. Contributions I've made to charitable causes I believe in.
You believe it should be a mandated agenda that we give fiscally to provide for that which we might not believe in giving to. You beleive we should be zombies at the beckon call of providing for those who won't provide for themselves. You believe it's somebody elses fault that people can't or won't think for themselves and so we need to take care of them.
If I am forced to give to that which I do not have enough to give...my family (kin) suffers from my inability to "CHOOSE" what I deam as appropriate in the cause of their future and charity.
Apparently your against the freedom to "choose" what one wants to leave for their family.
the baby boomers were all fun loving hippies how can you hate them?
Don't deign to tell me me what I think. You're already failing pretty hard at it.
I think people are quite stupid and generally are easy to be led around but in no way shape or form have I ever said that that behavior should take place.
Me saying that your generation ed things up for us is no different than saying its ed up to have someone come to a restaurant only to be left with the bill of the people already there as they walk out the door.
Passing off your debts to someone else is the exact opposite of taking personal responsibility.
Your babbling GOP 'charity choosing' dogma isn't even cogent to the point.
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