The Generational Blind Spot-BOOM! - Page 5

I'm swearing it's 25? Hell, I just picked that number because it was a convenient one for when I was possibly old enough (5) to pick up on it. Really I think the most accurate number would be 40 years.

It's just another way to say "I hate hippies" and uncritically discount anyone ideologically adverse - or anyone ideologically aligned whose policies turn to shit - in an 18 year swath of time (or however wide the boomer generation is supposed to be).

is this the grounding of your gripes?

The loss of the gold-standard?

haha

How much gold is there in the world? how much money in circulation?
And why is there this absurd perception that gold has some substantial reason to be valued other than its heavy, shiney and somewhat rare?

Hey! Besides you have you found any real experts on this situation that specifically name Boomers as a cause?

Any at all?

Anyone?

Besides yourself was there any expert who used the word " Boomer " in these articles?


Allow me to quote you from a recent thread :
So here you've kind of disqulified them. And sound like you're saying if they didn't predict this crisis what good are they?

http://forums.appleinsider.com/showt...t=95454&page=2

As has been stated to you trumpy most economists really don't know for sure how the stimulus will affect things. How could you? Oh! I forgot you're better than them.



Yes Frank did.

So back to anyone?

In the context you mean it? And who was this by? And this was one person? And what was Frank's response? I wonder what he'll have to say when he reads this?


Yes and the solution he states is the exact opposite of what you've been saying. He likes Obama's plan it just too small. So that would me mean more of the spending you say you don't like. So which is trumptman?

This :
Is a personal attack.

Anyway this all brings us back to proof?

Passing blame on one age demographic is like passing blame on people in general.

This age demographic was caused by all those people that came before.

This whole thread is predicated on a flawed premise, that one demographic, and only one demographic, is the sole cause of our current economic situation.

Did the Boomers ask to be born?

I vote this thread PO's most fruitless thread ever. \

And I fully refuted almost everything in that article with actual facts. But that post vanished.

And I called the author of said article a "lier." I actually mispelled the word liar, no word trickery involved, I simply mispelled a word.

The mod did not understand who I was calling a liar, not you, but the author of said article, thus my refutation of said facts with actual facts vanished.

I received a 10-day ban for not being more explicit in who exactly I was calling a liar.

The last time I received a 10-day ban was for reposting just the factual information from a previous post of mine in another thread that vanished, as I was accused of reposting verbatim what the mod had originally removed. Nothing could have been further from the truth. Those facts also vanished.

I'm now in shutdown mode.

I've turned off all the options possible in the user CP.

My own PO rulez now are the following;

1) Never report posts from others for any reason. You see, I'm an adult and 100% skin deep.
2) Ignore the mod completely. In other words, whatever they do, I don't whine or complain, I simply move on.
3) I expect my posts to vanish without a moment's hesitation (like this one will be, I'm sure), just like random events that occur in nature.
4) Don't place anyone ever on an ignore list, as far as I'm concerned ignore lists don't exist.
5) Discussion, discourse, dialog, and then finally debate. In that order. However, since the trend in PO appears to be to present just half the data or argument, I have had to adjust accordingly. Two can play at that game.
6) Make sure all ad hominem attacks are directed at those who are not in PO, and to be very explicit in those attacks, to avoid any possible confusion by said mod.

That's what I thought.

Gosh! it's almost like you've created your own little hate group isn't it?

Its not that we hate the baby boomers - its just that we are tired of paying their way. Baby boomers are kind of like Quebec - a giant tax dollar vacuum cleaner. Every penny I pay into medicare and social security is a direct subsidy of the boomer generation, and I will never see that money back. The reason that I will never see that money back is that the boomer generation paid the bare minimum in payroll taxes to support their outnumbered parents (i.e. they will pull way more money out than they put in, bankrupting the system).

I refuted said author's "facts" with real actual facts.

The only reason I did not re-post those actual facts, is that I would have likely received a 10-day ban for reposting "verbatim."

Everyone here understands the game being played here.

After the refuting of said author's "facts," I called the author a "lier."

The author of said article was, and is, a liar.

PO sukz big time now.

AI should just delete PO and put everything into AO.

Traffic in AO/PO has gone down by at least an order of magnitude.

And somehow, that makes me extremely happy!

This boomers stuff is absolutely rediculous!
The only thing that's certain is following generations will blame older generations for anything they don't like too, like slavery.

I can see gangs of younger people running around killing old folks.

Hey, they even made a movie of it, back in 1976, even then the Boomers knew what their fate would ultimately be.

Death at the hands of younger people.

It's called Logan's Run.

This is different, this is a math problem (pay less in taxes, pull more money out than you put in, etc). When it is a math problem, there is a lot less room to argue that one side is subjectively wrong.

There is absolutely no doubt that the baby boomer generation destroyed our social safety blanket by failing to put enough money into the funds via payroll taxes.

Really, this isn't a problem with the baby boomers, per say. It is a problem with the combination of Democracy and the structure of SS and Medicare. It just does not work to have one generation pay for the previous one, because when you have a baby boom the basic greedy nature of humanity causes the baby boom to pay as little as possible at the moment, forgetting that they are screwing up their whole countries future.

The baby boomers had a lot of votes, combined with very few parents, so they voted themselves the bare minimum of payroll taxes - and now are voting themselves a much larger share of my paycheck to make up for the money that they spent on drugs, cigars and BMWs in their youth.

This is simply terrible. They must have figured it all out in there younger days. They've built these damn camps to send the 30 yrs old to, whilst enslaving the younger one's with there lavish and wreckless spending debts into eternity. How twisted!

Bullshit!

The Boomers didn't decide the payroll tax rates. Clinton raised tax rates, and Bush 43 lowered them.

The final tax rate changes in SS and Medicare took place in 1986, I believe.

Reagan was president then, and there were few if any Boomers in the legislature at that time. Reagan lowered tax rates.

Between Reagan, Bush 41, and Bush 43 we went from $1 trillion in gross public debt to over $11 trillion in gross public debt.

No, everything you just posted looks like it was wrong.

http://www.ssa.gov/OACT/ProgData/taxRates.html

The boomers may not have been congressmen, but they were voters. And they paid a very light tax in the first half of their working lives (6-7% total, compared to 15% now, and 25%? in the future). And the gross national debt comment is totally off topic, which is normal for you (baffle them with bs - the normal MO for your posts).

From the CEPR paper.

Bullshit!

The legislation was passed in 1986.

Like all things it was gradually increased over a few years, in this case four years (by 1990).

D'oh!

Republicans controlled the Executive or Legislative Branches for 26 of the past 28 years.

I wonder why these taxes weren't raised during those years subsequent to 1990?

Answer, Republicans didn't want to do it.

And that counteracts my point (that baby boomers paid less to social security than they are taking out) in what way exactly?

Everyone has paid in less than they got out from the get go.

So you see it's all people you need to bitch at, not just the age demographic immediately above yours.

D'oh!

And like I replied above, it's always been that way.

I'm not saying it's right by any means though.

Bush wanted to privatize SS by guess what, investing in the stock market.

He wanted to do this at a time when the stock market was trading at (or near) an all time high.

The Democrats would have none of that.

Now the stock market has lost 50% of that previous high.

The Democrats were right from the get go.

Not me. I have paid in the max since 1993 (when I moved here from Canada), and I expect to receive ZERO after the boomers snort that SS cocaine up their noses. I don't mind the taxes I paid in Canada, because at least I got good medical care there for my money.

Wild conjecture, at this point.

The Boomers didn't invent SS, BTW.

No, actuarial math, at this point. Unless they jack up payroll taxes, in which case I still get less money than I put in.

Then you are the one exception to the rule.

Death and taxes.

Go figure.

You would have also received much less than you paid in under Bush 43's privatization Ponzi scheme.

Note also, that the taxes you have paid to date have gone to those who are not Boomers.

So maybe you should be blaming them, or the entire American populous, in general.

You know what we're tired of? Whiney little kids who think everything is their parent's fault and that the world owes them a living. Kids that haven't a clue as to what it's like to drive lousey check the gas and fill it up with oil junkers as their first car until they can afford something better. Something better that's years down the road in savings or getting a loan to afford. And now you watch as parents buy something for them as their first car that resembles something they had as 5 or 6th car!

Kids that also just go to college because their parents saved for it all during their childhood. Those savings also went toward their medical expenses and everything that could give them the chance to be a fine adult. Kids for the last 30 years have had it much better than we ever could dream of. For the most part they are the healthiest, best educated generation ever! And do you know what? they still whine!

Now I realize that not everybody fits this demgraphic but more do than not. You know that and if not just look around. I also realize they have new challenges that we did not. But every generation has challenges. They're just different. We had the bomb you have terrorists. We had polio you have aids etc.

I just thought as long as you were dealing in stereotypes I would also. And by the way the thing with SS started a long time before I was an adult. As I've stated before my mom worked for SS for 25 years and when I was a kid she was telling me " Don't count on it. It's rotten from the core out and by the time it comes for you to claim it probably won't be there. " We're talking the late 60's.

And if you're implying that the kids now days are more frugal

Thgere are plenty of kids out there right now ruining their life with credit cards just like their parents did so knock off the holier than thou crap.

It's human nature to make mistakes. There's just more of us than you. That doesn't make you better or more deserving.

I hate too break it to you but we all played a part in getting here. The incredibly poor republican leadership of the last 8 years just helped to bring about trouble more quickly than it would have eventually come.

I didn't play a part in getting us here - all I did is throw payroll taxes down a hole. Jimmac - your whole post is off topic. I'm not saying that we are more frugal than boomers, just that we are getting stuck with their restaurant tab.

We have a surplus in the SS account - the baby boomers didn't put enough in, so they are going to suck that surplus dry (plus put it way into debt) before I retire. If they had put enough in, then the surplus would have been enough so that SS would still be solvent when the boomers are all dead - but they didn't. Compounding the problem of "boomers didn't put in enough money" is the earlier retirement, longer life spans, and more expensive medical costs. Now I am going to have to pay through the nose to keep all these grasshoppers alive, so much so that my generation will not be able to save for our own retirement.

This is such a simple situation I don't know why we are even talking about it. An entire generation screwed up our social safety net, and now you (one of that generation) is trying to guilt trip us by saying "but we paid for your college and cars!". You didn't pay for my college or cars.

If that's true then yours is also.

If you're going to talk about this then stop using stereotypes! The rest is bullshit. I just lost a good deal of my retirement anuity to this ecomomic crisis and so did a lot of my coworkers so please don't whine to me.


Where was good ol Dubya when this was happening? Oh I forgot he's a boomer so he can be the enemy now because it's ok.


And what are your kids going to say about keeping you alive?

Do you own a credit card? Did you ever owe more than a few months on it? Then you played a part as much as the rest of us.

Is all of your debt paid up? If so you're very different from the norm of any recent generation.

Also as I've said but apparently your ears are shut this problem with SS started before I was a working adult so who are you going to blame now?

SS should never have been barrowed from for anything for any reason. That was it's orginal purpose but for some leaders it was a means to an end. Far too often.

We all played a part in this. Sorry you don't get off the hook either.

Get real!