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Is this nations wealth static or fluid? is it a zero sum game, or can new wealth be created?
If new wealth can be created, then nothing has been squandered. |
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"It's a sight", isn't it? I grew up in poor conditions, and I did something about it. The first action struggling people can take is to cut the apron strings. Move to opportunity. Then do whatever sacrifice is required to put yourself on a solid footing of reliable income that requires a degree of training and skill. Become the best. If you are good enough, the work will come to you by word of mouth. View Quote View All Quotes View All Quotes Quoted:
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I want everybody to take a step back and consider the bitterness, anger and envy displayed in this thread. It’s only going to get worse, as inflation eats away at our hopes and dreams. Inflation caused by overspending of Every generation. Millennials might have a case, if they were voting en mass for fiscal austerity. But they aren’t. If anything, they’re even lazier and more Libtarded than previous generations, when considered as a whole. No, the problem isn’t generational. It’s between Conservatives and Liberals. And fiscal conservatives have been outvoted since FDR. I’ve seen a lot of class envy displayed lately. It’s going to get much worse, even within our ranks. Plan accordingly. I grew up in poor conditions, and I did something about it. The first action struggling people can take is to cut the apron strings. Move to opportunity. Then do whatever sacrifice is required to put yourself on a solid footing of reliable income that requires a degree of training and skill. Become the best. If you are good enough, the work will come to you by word of mouth. You get it, I get it, and a lot of other successful people here get it. But there are lots of losers here, just looking for excuses. Funny thing is, the anger and envy displayed here, is just a drop in the bucket compared to the hordes of Morlocks on the street. Here on Arfcom, we are generally educated and conservative. The average American isn’t. |
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I want everybody to take a step back and consider the bitterness, anger and envy displayed in this thread. It's only going to get worse, as inflation eats away at our hopes and dreams. Inflation caused by overspending of Every generation. Millennials might have a case, if they were voting en mass for fiscal austerity. But they aren't. If anything, they're even lazier and more Libtarded than previous generations, when considered as a whole. No, the problem isn't generational. It's between Conservatives and Liberals. And fiscal conservatives have been outvoted since FDR. I've seen a lot of class envy displayed lately. It's going to get much worse, even within our ranks. Plan accordingly. View Quote You're right that Millenials vote left, indoctrinated by their own Boomer parents. My glimmer of hope is that Gen Z continues to trend more individalistic and right-leaning. I'm the extreme tail of Gen X myself and our kids are turning out a little better, somehow. I think. Maybe the pendulum is swinging back. Anyway, if nothing else this thread lets me laugh in Gen X master race |
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I'm neither Boomer or Millennial, and I think the notion is ridiculous. If you can't get what you want out of this country it's your fault, no one else's. Only in GD can someone expect personal responsibility from others but blame all their failings/hardships on someone else. Well, maybe DU, as well. View Quote Exactly so. |
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I don't buy it. Any of it.
It's an easy way out - to blame others. It's this generation's fault, no no, it's THIS generations fault. Blah blah. The secret of success is in your head. It's all on you. If you're not making your life a success you need to ask yourself what you could be doing to make it happen. It isn't an accident, it's rarely due to luck, and you can be sure that the only possible way that you're going to achieve it is by gritting it out and hanging on until you do succeed. Don't sit there and waste your time blaming others. Get out there any get bloody. The blame game is for losers. Just my asshole opinion. |
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My parents predate the boomer generation. Dad was born in 37 Mom was born in 39. They were the most frugal people, and I imagine growing up as a small child in post Depression America and then during WWII rations gives you a perspective on things.
Dad passed last year and he did not spend down one penny of his retirement, neither will my Mom. They live off of revenue from rents and dividends. Mom's house hasn't been remodeled in 35 years, she buys clothes at a thrift store yet she has millions in assets. My Brother was born in 1960, he has no retirements savings at all, is delinquent with he IRS and has creditors after him. My Sister works for a university in fine arts and is complaining that she can't buy a house. So the problem is not generational, or dependent on how you were raised... I think it is a matter of perspective. Some people see the reality of life, some do not. I am 20 years younger than my brother and live very differently. I am 37 and I think to myself... I have 30 years left to work and then I am pretty much dead soon after that. So I don't want to work until I am 67. I wan to be done with a "job" in my early 50's. Then go do something else, trade junk on E-bay, or restore motorcycles, or help build water treatment plants in the 3rd world... what ever I want to do. So my family lives in a cheap house and the wife and I drive used cars so we can save and invest. But if you listen to my sister,I live better than her because I am a privileged white male and I helped rig the system against everyone else. Has nothing to do with being an engineer in the energy industry... nope nothing at all... |
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"It's a sight", isn't it? I grew up in poor conditions, and I did something about it. The first action struggling people can take is to cut the apron strings. Move to opportunity. Then do whatever sacrifice is required to put yourself on a solid footing of reliable income that requires a degree of training and skill. Become the best. If you are good enough, the work will come to you by word of mouth. View Quote View All Quotes View All Quotes Quoted:
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I want everybody to take a step back and consider the bitterness, anger and envy displayed in this thread. It's only going to get worse, as inflation eats away at our hopes and dreams. Inflation caused by overspending of Every generation. Millennials might have a case, if they were voting en mass for fiscal austerity. But they aren't. If anything, they're even lazier and more Libtarded than previous generations, when considered as a whole. No, the problem isn't generational. It's between Conservatives and Liberals. And fiscal conservatives have been outvoted since FDR. I've seen a lot of class envy displayed lately. It's going to get much worse, even within our ranks. Plan accordingly. I grew up in poor conditions, and I did something about it. The first action struggling people can take is to cut the apron strings. Move to opportunity. Then do whatever sacrifice is required to put yourself on a solid footing of reliable income that requires a degree of training and skill. Become the best. If you are good enough, the work will come to you by word of mouth. We pulled up stakes and left our families, have lived all over the country now and life is good. In fact it's better than I ever thought I'd have it. I've had some good luck, but we did have to take that leap too. |
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"Social Security has problems, but running out of cash isn't one of them The big question a lot of folks (especially millennials) are probably asking about Social Security, given its many problems, is this: When, exactly, will the program run out of cash? Believe it or not, the honest answer, assuming no changes to the way Social Security is funded, is never." https://www.fool.com/retirement/2018/11/09/heres-when-social-security-will-run-out-of-cash.aspx View Quote View All Quotes View All Quotes Quoted:
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Don't know... we'll just have to see if the majority of Boomers stop working and paying into the system first. "Social Security has problems, but running out of cash isn't one of them The big question a lot of folks (especially millennials) are probably asking about Social Security, given its many problems, is this: When, exactly, will the program run out of cash? Believe it or not, the honest answer, assuming no changes to the way Social Security is funded, is never." https://www.fool.com/retirement/2018/11/09/heres-when-social-security-will-run-out-of-cash.aspx https://blog.ssa.gov/social-security-2019-trustees-report/ The combined funds reserves are projected to become depleted in 2035, one year later than projected last year, with 80 percent of scheduled benefits payable at that time |
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Liberals did with their billions spent on welfare paying for tens of millions of babies that have zero ability to be productive.
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You and the fool would be wrong. https://blog.ssa.gov/social-security-2019-trustees-report/ View Quote View All Quotes View All Quotes Quoted:
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Don't know... we'll just have to see if the majority of Boomers stop working and paying into the system first. "Social Security has problems, but running out of cash isn't one of them The big question a lot of folks (especially millennials) are probably asking about Social Security, given its many problems, is this: When, exactly, will the program run out of cash? Believe it or not, the honest answer, assuming no changes to the way Social Security is funded, is never." https://www.fool.com/retirement/2018/11/09/heres-when-social-security-will-run-out-of-cash.aspx https://blog.ssa.gov/social-security-2019-trustees-report/ The combined funds reserves are projected to become depleted in 2035, one year later than projected last year, with 80 percent of scheduled benefits payable at that time "2052, extended 20 years from last year's estimate of 2032, with 91 percent of benefits still payable." So just by going by your article in 2052 they will be able to pay out 91% and that is if no changes are even made. BTW in 2090 it will still be able to pay out 79% of each dollar and that is if no changes are made. You going to be alive in 2090? |
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ROFL Now this BS is sure to start a lot of stupid talk. Let the troll suckers have at it.
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Easy there fella, don’t be confusing the issue with your facts and all. What are you trying to do... make me lose my outrage boner? View Quote View All Quotes View All Quotes Quoted:
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LBJ, and the rest of Congress that voted in the Great Society, Not Boomers, FDR, and Congress that voted in Social Security, Not Boomers. President Nixon and the Congress that took us off the Gold Standard and let the dollar free float......not Boomers. What are you trying to do... make me lose my outrage boner? who was Medicare part D supposed to target? boomers are the most influential voting bloc and have been for decades, I mean we can hardly lower the mortgage interest deduction without boomers flipping the fuck out |
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LOL from the exact page you linked - "2052, extended 20 years from last year's estimate of 2032, with 91 percent of benefits still payable." So just by going by your article in 2052 they will be able to pay out 91% and that is if no changes are even made. BTW in 2090 it will still be able to pay out 79% of each dollar and that is if no changes are made. You going to be alive in 2090? View Quote |
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Boomers really?
A single B-52 training flight, SR71 mission, an hour of Carrier Op's and a single day of the 15 years of war on Terrorism have spent more than I've ever probably made in my lifetime....let alone submitted in taxes. Hell, just to pay the salary of one United States senator for a year..... Or even a corrupt FBI official. This Fucking .gov and it's out of control spending on shit has squandered this nations wealth. |
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LOL from the exact page you linked - "2052, extended 20 years from last year's estimate of 2032, with 91 percent of benefits still payable." So just by going by your article in 2052 they will be able to pay out 91% and that is if no changes are even made. BTW in 2090 it will still be able to pay out 79% of each dollar and that is if no changes are made. You going to be alive in 2090? View Quote View All Quotes View All Quotes Quoted:
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Don't know... we'll just have to see if the majority of Boomers stop working and paying into the system first. "Social Security has problems, but running out of cash isn't one of them The big question a lot of folks (especially millennials) are probably asking about Social Security, given its many problems, is this: When, exactly, will the program run out of cash? Believe it or not, the honest answer, assuming no changes to the way Social Security is funded, is never." https://www.fool.com/retirement/2018/11/09/heres-when-social-security-will-run-out-of-cash.aspx https://blog.ssa.gov/social-security-2019-trustees-report/ The combined funds reserves are projected to become depleted in 2035, one year later than projected last year, with 80 percent of scheduled benefits payable at that time "2052, extended 20 years from last year's estimate of 2032, with 91 percent of benefits still payable." So just by going by your article in 2052 they will be able to pay out 91% and that is if no changes are even made. BTW in 2090 it will still be able to pay out 79% of each dollar and that is if no changes are made. You going to be alive in 2090? Looks to me as if they have 70 years to shape the life they want. Start by shoving politicians around and demanding rational behavior for the good of the community and nation. Not their bank accounts. |
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That is the part that pisses me off about my generation......we advanced all that commie bullshit as if we were on fucking steroids. I don't see Generation X as being much if any better...………..I assume they are the ones mainly teaching our kids nowadays? View Quote |
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LOL from the exact page you linked - "2052, extended 20 years from last year's estimate of 2032, with 91 percent of benefits still payable." So just by going by your article in 2052 they will be able to pay out 91% and that is if no changes are even made. BTW in 2090 it will still be able to pay out 79% of each dollar and that is if no changes are made. You going to be alive in 2090? View Quote View All Quotes View All Quotes Quoted:
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Don't know... we'll just have to see if the majority of Boomers stop working and paying into the system first. "Social Security has problems, but running out of cash isn't one of them The big question a lot of folks (especially millennials) are probably asking about Social Security, given its many problems, is this: When, exactly, will the program run out of cash? Believe it or not, the honest answer, assuming no changes to the way Social Security is funded, is never." https://www.fool.com/retirement/2018/11/09/heres-when-social-security-will-run-out-of-cash.aspx https://blog.ssa.gov/social-security-2019-trustees-report/ The combined funds reserves are projected to become depleted in 2035, one year later than projected last year, with 80 percent of scheduled benefits payable at that time "2052, extended 20 years from last year's estimate of 2032, with 91 percent of benefits still payable." So just by going by your article in 2052 they will be able to pay out 91% and that is if no changes are even made. BTW in 2090 it will still be able to pay out 79% of each dollar and that is if no changes are made. You going to be alive in 2090? |
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It's coming. SS will pay out more than it takes in within a year or two, the first time it's had this happen in nearly 40 years. This is also not likely to be corrected and by current estimates the trust fund's reserves will be entirely depeleted by 2035. View Quote You funny guy. |
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The generation that voted for FDR and his "new deal" THAT is the generation that fucked us.
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No it was setup to fail in the early 20th when SS and income taxes were passed
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I used to say things like "frakking millenials" but not so much anymore. As they have aged and entered the workforce they are figuring out how hard you really have to work, very few of us have had things handed to us.
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"Social Security has problems, but running out of cash isn't one of them The big question a lot of folks (especially millennials) are probably asking about Social Security, given its many problems, is this: When, exactly, will the program run out of cash? Believe it or not, the honest answer, assuming no changes to the way Social Security is funded, is never." https://www.fool.com/retirement/2018/11/09/heres-when-social-security-will-run-out-of-cash.aspx View Quote |
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Boomers really? A single B-52 training flight, SR71 mission, an hour of Carrier Op's and a single day of the 15 years of war on Terrorism have spent more than I've ever probably made in my lifetime....let alone submitted in taxes. Hell, just to pay the salary of one United States senator for a year..... Or even a corrupt FBI official. This Fucking .gov and it's out of control spending on shit has squandered this nations wealth. View Quote Ask yourself, "When did we stop paying attention, and let this happen?" |
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Boomers really? A single B-52 training flight, SR71 mission, an hour of Carrier Op's and a single day of the 15 years of war on Terrorism have spent more than I've ever probably made in my lifetime....let alone submitted in taxes. Hell, just to pay the salary of one United States senator for a year..... Or even a corrupt FBI official. This Fucking .gov and it's out of control spending on shit has squandered this nations wealth. View Quote |
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Boomers have raped and pillaged this country View Quote |
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That is the part that pisses me off about my generation......we advanced all that commie bullshit as if we were on fucking steroids. I don't see Generation X as being much if any better...………..I assume they are the ones mainly teaching our kids nowadays? You have a much better opinion of our generation than I do...….I am not proud of my generation in the main. They bitched too much and were FAR TOO interested in left wing dumbass agendas IMHO. |
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The #1 lesser of two evils/death by 1000 cuts voting block. I’d say so.
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If obama was a Baby Boomer, then that would be a positive. Obama doubled the national debt and caused the highest national debt than all of other other presidents in the history of the US combined!!!
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RINO_Hunter: Lots of blame to go around but two groups deserve the most.
Whoever let women vote. Whoever let Nixon decouple the dollar from gold. View Quote View All Quotes View All Quotes RINO_Hunter: Lots of blame to go around but two groups deserve the most.
Whoever let women vote. Whoever let Nixon decouple the dollar from gold. frozenny: short answer: the Boomers, lived in an age of plenty. They grew up, often with new schools. They went to college in a time when tuition was cheap and you actually could pay your way with a part time and/or summer job. The started work in an era when the corporate pension existed: Work 20, 25 years, retire at 55 with 60% pension. Had inexpensive health insurance. They voted themselves great government handouts and ran up a zillion in national debt. They started the "But I Want it Now" lifestyle. They spend 110% of what they earned, have nothing set aside for retirement, and are relying on someone else to care for them. They had it all: Cheap college, cheap housing, great benefits. They stand to benefit from the greatest transfer of wealth in history, as their parent die and leave them the nest egg.
Staggunner: Not a single thing in your second paragraph is correct about me. |
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There are far more 30 year old Millennials on public assistance today than there were 30 year old Baby Boomers on public assistance in 1976, and those enrolled in public assistance programs take much more per person than they did in 1976.
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In this thread I can spot those who play the game well and those that don't. Age doesn't seem to be a factor.
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Lol. I'm not a Boomer but I remember 17-22% interest that millennials don't have to pay...and current politicians are suppressing interest rates for who's benefit? View Quote View All Quotes View All Quotes |
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Now you know I ain't talking about all Boomers...…..there were a lot of them that were/are asshole commies though. You have a much better opinion of our generation than I do...….I am not proud of my generation in the main. They bitched too much and were FAR TOO interested in left wing dumbass agendas IMHO. View Quote And I keep asking for specifics, because every single complaint is either some vague crap or based on time travel or a tragically ignorant understanding of basic history (and occasionally basic math) The problem is that 'tards actually believe memes, think life was peaches and cream, and they give up. Or they start talking about "living wages", or loan "forgiveness", or government price controls, which is real live actual "commie shit". |
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Is this nations wealth static or fluid? is it a zero sum game, or can new wealth be created? If new wealth can be created, then nothing has been squandered. View Quote One segment of the political spectrum hates white privilege, one hates boomers Either way, it's a designated "kulak" to rally ideological constituencies around |
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The single biggest employment sector in 1900 in the US was agriculture. Today, it takes less than 2% of the labor force to enable everyone to be fat. We moved to manufacturing, which reached it's peak during WWII, and for a period of a few decades Americans enjoyed stable employment. Most people didn't really change jobs all that much, and what was considered "middle-class" was substantially poorer than what we consider middle-class today. The average house was less than half the size of homes today, most families had 1 car, if they had a car. A nice middle-class home had 1 main bathroom, and perhaps another small bathroom off the master. You can still see these old middle-class homes, just ride through the poorer neighborhoods of larger towns. But in even mid century there were still homes without indoor bathrooms in certain parts of the country.
People worked for one employer, and there were defined benefit plans (pensions). So a person could work for 20 or 30 years and retire with a modest income guaranteed for life. Which really wasn't that much longer after a typical retirement. The Boomers came in on the tail end of all that. Starting in the 80's employers moved away from the more expensive defined benefit plans, and replaced them with portable 401k's, which were defined contribution plans. Salaries rose, and job stability diminished. After WWII manufacturing jobs declined. Technology and automation reduced the demand, and value of human labor. That trends been going on for decades. In the 80's and 90's we saw office automation reduce the need for many white collar jobs as well, and that trend continues. Today most people are employed in the service sector. None of this was the Boomers fault. Social Security and medicare were flawed programs from the start. No one is going to fix them until they have to. Our political system is broken. Lobbyist and Bureaucrats draft the laws, elected representative spend most of their time trying to raise campaign funding for reelection. Our Republic is broken. ...and no one is working to fix it. Not the Boomers, not GenX, not the millennials, or GenZ who are starting to come of age. No one is doing shit. |
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