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AARP Screams Bloody Murder, Warns Against Changing CPI Definition And Cuts To Social Security In Pursuing Budget Compromise
While it is unclear what precisely has given Obama confidence to announce that his meeting with congressional leaders on deficit reduction and the debt limit was "very constructive" one thing is very likely: it involved the change of the definition of CPI. As we reported some time ago, one of the serious proposals to deal with the deficit situation is to make a revolutionary actuarial adjustment and change the way the actual definition of inflation. As we reported: "Lawmakers are considering changing how the Consumer Price Index is calculated, a move that could save perhaps $220 billion and represent significant progress in the ongoing federal debt ceiling and deficit reduction talks. According to congressional aides familiar with the discussions, the proposal would shift how the Consumer Price Index is calculated to reflect how people tend to change spending patterns when prices increase. For example, consumers tend to drive less when gas prices increase dramatically. Such a move is widely seen by economists as resulting in a slower rise in inflation." Today the WSJ's Damian Paletta follows up on this ludicrous yet serious proposal: "One proposal in the budget talks that is getting a serious look from all sides would switch the government’s way of measuring inflation and delivering a big impact on tax, spending, and entitlement programs. How big? It could save roughly $300 billion over 10 years. That big. The idea of using this different measure of inflation, known as a “chained” consumer price index, has won support from numerous deficit-reduction commissions as well as many liberal and conservative economists." Yet reminding everyone that there is no such thing as a free lunch in finance, the "biggest savings—an estimated $112 billion—would be from slowing the growth in the cost-of-living adjustments for Social Security beneficiaries." Sure enough someone is unhappy. Enter the AARP which is already screaming, justifiably, bloody murder should the administration proceed with what will be an outright slashing of Social Security obligations. "AARP will not accept any cuts to Social Security as part of a deal to
pay the nation’s bills,” said Rand. “Social Security did not cause the
deficit, and it should not be cut to reduce a deficit it did not cause." Did Obama's war with America's seniors just enter Defcon 1?
First, some more details on what is actively being contemplated as a "budget rescue" measure":
The idea of using this different measure of inflation, known as a “chained” consumer price index, has won support from numerous deficit-reduction commissions as well as many liberal and conservative economists.
To be sure, it’s complicated stuff. But it’s seen as a central way of reducing the deficit because it simultaneously cuts spending growth and increases tax revenues. And many also like it because much of its impact doesn’t come from “cuts” in spending. Rather, it would reduce the “growth” of spending pegged to inflation. And it would affect the way tax brackets and deductions adjust for inflation, so it could appear less like a tax increase than simply raising tax rates.
Some liberal groups and top lawmakers believe that it’s the same thing as slashing benefits and have been holding press conferences pre-emptively blasting the idea to try and keep it out of any deal. And some influential conservative groups believe the impact on taxes is tantamount to a tax increase and are likely to fight it.
Perhaps with enemies on both sides the idea just might have a chance.
Spread across the entire budget, chained CPI is a big money maker. Reducing the deficit by roughly $300 billion over 10 years would make it one of the most vital components to any deal that aims to reduce the deficit by $2 trillion to $4 trillion over that span
Simply said, the proposal, if enacted, would reduce the NPV of the future SSN liabilities which as is well known are among the biggest portion of future entitlements, and while the data adjustment would not change much in current terms, it would impact how much is obtained from the fund by future SSN recipients.
Not surprisingly, the AARP has finally understood what changing the CPI definition means. The resulting angry letter is the first response. Many more will follow.
AARP CEO A. Barry Rand this morning offered the following strong statement as key congressional leaders meet with the President today to discuss a framework for a deal to raise the debt ceiling and to address deficit reduction. AARP is focused on protecting Social Security and Medicare for the millions of beneficiaries who have paid into the systems over their working lives, and reiterates its position that Social Security and Medicare benefits should not be on the table for deficit reduction.
“AARP will not accept any cuts to Social Security as part of a deal to pay the nation’s bills,” said Rand. “Social Security did not cause the deficit, and it should not be cut to reduce a deficit it did not cause. As the President and Congress work to negotiate a deal to raise the debt ceiling, AARP urges all lawmakers to reject any proposals that would cut the benefits seniors have earned through a lifetime of hard work.
“AARP is strongly opposed to any deficit reduction proposal that makes harmful cuts to vital Social Security and Medicare benefits. Social Security is currently the principal source of income for nearly two-thirds of older American households receiving benefits, and roughly one third of those households depend on Social Security benefits for nearly all (90 percent or more) of their income. The deficit debate is not the time or the place to talk about Social Security. AARP will fight any cuts that are proposed to this important program, including proposals to reduce the cost of living adjustment for beneficiaries (COLA)—such as the proposed chained CPI—which AARP also believes should not be considered as part of the debt ceiling or deficit reduction negotiations.
“AARP also strongly urges the President and congressional leaders to reject any proposals that would impose arbitrary, harmful cuts to the Medicare program or shift additional costs onto Medicare beneficiaries. Half of all beneficiaries live on incomes of less than $22,000, and many already struggle to pay for their ever-rising health and prescription drug costs.
“Some have proposed requiring Medicare beneficiaries to pay even more for their Medicare benefits, either through higher co-payments or higher premiums. AARP strongly urges you to reject higher costs for people in Medicare. Before we shift additional cost burdens onto beneficiaries, Congress should address the real problem of increasing health care costs throughout the entire system.
“Throughout the deficit reduction and debt ceiling debate, AARP will continue its efforts to raise the voices of our members who depend on Social Security and Medicare for their health and economic security,” Rand concluded.
Alas, we doubt this statement will do much to change the mind of the administration which is now openly robbing America's elderly to fund its relentless spending and specifically the uberwealthy which continues to transfer the NPV of future obligations into currently overfunded checking accounts. We wonder how long before other popular organization enjoin the protest, although we have no doubt would be.
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"It never was designed to accumulate/invest assets for future liabilities."
True the system was pay as you go, until the thieves raised the payroll tax in 1983 to create a "trust fund"? Remember the "lock box"? Define "trust fund" for us?
I'm not necessarily disagreeing with you, but I would like to see you run the numbers. I hear a lot about how taxing the rich can pay for the benefits of all, but I don't think the numbers add up. For one thing, the rich would very quickly steer their income and assets away from the taxable column into something else.
The numbers can be resolved for SS, but that ignores the big problem which is medicare.
They always say that ED. The Rotschild's told the UK the same thing in the early 20th century, and were dead wrong. This is not the early 20th century UK, mind you, so precautions will have to be taken...OTOH it could be even simpler to arrest outflows these days if enough nations cooperate.
Now we have obamacare we don't need Medicare...Right?
ZH should have a thumbs up button. +10 from me.
If they "means test" medicare, what about obamacare? If we are running out of money, why obamacare? Why medicare schedule D?
if you feel that "they" (your parents and grandparents) are the generation that created that mess and therefore are the ones to blame, would you be willing to take the blame for being the generation that let all of our civil rights be stripped away and allowed endless wars and allowed for the flourishing of a fascist state to replace a "free" nation?
Not quite..."they" are still holding the reigns of power, all we Gen X'ers can think is WTF are we gonna do when we inherit this mess the Boomers crested for us...if they would ever just slink away and let the next generation lead.
of course...it's always "the other guys" fault.
how utterly convenient.
Name a Generation X'er in the Senate? The Presidency? The Fed? You can't because there are none. The baby boomers have been the most self centered, selfish generation of Americans ever to live. Even to this day they refuse to release the 'reigns of power' to the next generation so we can clean up their shitty mess...Last 3 Presidents baby boomers...entire senate full of boomers. No one knows what we would do because the damn boomers won't slink away and leave the country they destroyed alone to be repaired.
Agree with you. I remember in 1992 there was a poll of us Gen Xer's. Most thought the odds of aliens existed was greater than the odds SS would be there when we retired. looks like we were right.
In 1992 that would have been a poll of people between the ages of 10 - 30. There's a good chance that pool had a significant number of people that also believed in Santa Claus and the Tooth Fairy. Does it make it fact?
Of course there could be no other life form in the universe except on Earth. We are the center of the universe
at least half of you couldn't read the questions so who knew what the hell
you were voting for?
Did you stay within the pretty circles with your nbr2?
genxer- defining dumbass useless clowndom.
WHat a spoiled waste you are.
are you guys defending the way boomers have "handled" things?
+110 - right on Brother, and they are the predominant group of fools that won't believe this was all done by design - ever - even when confronted with the truth. They just think it's Repub or Dem's fault - hello generation of idiots; they are brainwashed masses supporting the wars and scratching their @SS while Rome burns
I am boomer and I have no power so if want to blame me better come packing. I am not going to take the blame for what the fucking elites have created.
The bad guys definitely want us to fight amongst ourselves for the pathetic scraps and blame when we should be shutting them and their criminal system...down
...with your support
Notwithstanding that its pretty much mathematically impossible to ever pay back the debt those people ran up, The Fed has bought roughly 50% of new Treasury issues this year. As Ron Paul says, The Fed ENABLES Congress' overspending. If they had to pay market rates on the borrowings, they'd have gotten the STOP SPENDING message alot sooner.
according to the wikipedia definition of "Generation X" There are in fact 12 senators, 120 Members of Congress and 1 Current US President that fit this category.
http://en.wikipedia.org/wiki/List_of_current_United_States_Senators_by_a...
http://en.wikipedia.org/wiki/List_of_current_members_of_the_United_State...
http://blog.genxrising.com/2009/01/obama-our-gen-x-president.html
Or are you speaking of a different Gen-X?
Oh...by the way, Turbo Tax Timmy? Yeah..Gen-Xer also.
Obama's a Tweener. Gen-X doesn't start until 1/1/1966.
There are 1 too many T's in your first sentence.
Gen X has just begun to enter Congress the past few years. This whole mess has been stewing for decades. That's like handing someone a nuke about to detonate in 1 minute and telling them to solve the problem
You really are spectacularly stupid.
What a total crock of shit. Barack "Downlow Cocksucker" Obama was born in 61. He's a boomer by 3 years. That article makes me want to hurt hippies.
Great, we fish you outta 1 false paradigm and you fall right into another.
pods
give us the GEN-X vote breakdown in the last prez election.
Naw, I don't think even you as a rep of the brain dead video - 10buck
coffee with cream on top genXer will want to see those nbrs my dear.
You genxers are without a doubt the dumbest(check test scores) bunch
ever.
So the test content hasn't changed in 50 years? That is interesting.
d(u)h- do you not have the right to vote? What's with the constant bashing of boomers? Sorta like maybe us considering genxers a bunch of slackers? Broad generalities are useless...
No one knows what we would do ...
Actually yes we do.
How many young Gen-Xers are on Wall Street? Qiute a few I suspect. Show me where any of them are bucking the status quo.
I suspect they're all playing right along with the loot-eveyone-you-can Wall Street way of doing things.
How many Gen-Xers are programming those HFT algos and front-running algos and stuff like that?
How many Gen-Xers wana be cops ...for the power trip?
Yes, we know pretty well what Gen-Xers would do. The very same things being done now.
Oh Gen X and Gen Y will get to "set everything right" soon enough. The good news? I'll be retired in Mexico.
Wow, battle royal, now that's a fight club! where to start, I will try and cover it all but may just get to the big points...first off I ought to troll with live trout all the time, I caught enough striped bass today to feed myself and the kids for the rest of the year! Thanks for the junks boomers, and the comments. Not one of you has reputed the fact that speaking of deficits, entitlements, and if it feels good do it dogma of the boomer generation that makes them the most selfish, self centered, entitled bitchez in the US. In fact if anything you have reinforced how fucked your generation is in our eyes by your attitude of fuck it I paid into it I get it the rest of you be damned. That being said, we are broke it doesn't matter how we got here, we are here. I have known since I have started paying into the ponzi (ss) I would never, ever see a single dime. Think of my contributions as a last gift to your sniveling, entitled asses. I have a brain, and I know no gubmint handout is going to feed and clothe me in my 'golden years'. I am smart enough to know that I can always invest better than the gubmint kleptocracy that stole all the money from you in the first place. I have beans, bullets, and bullion bitchez! I will be fine without the ponzi (ss). It is unfortunate that the same weasels who are the elite and have run the system into the ground have sold their own generation out. The hippies, fraudsters, and university professors, public school teachers, and politicians are all one. They are the scourge of your generation and most likely protested the Vietnam War, (with good reason), and took their socialist agenda (from all the free love,dope, socialist/marxist idealogy, and general disgust for the current state of affairs), to the universities, public schools, and capitols of the states and this nation and became the 'authorities' themselves. They have run the shit for over 30 YEARS NOW and have made an utter mess that there appears no easy fix for. It is easy to say we (Gen X) could've voted them out but we are severely outnumbered by the boomers (think of all that political change you spawned in the 60s that contributed to a lower birthrate for my generation than your generation had). As of yet no Gen X president or chief at the Fed...Turbo Timmay was born in 1961 and is not a Gen X guy, and no one knows about Owebama because no one has seen a real birth certificate to know his actual age and birthplace. The Gen X's are just now getting into the position of making policy. We realize as we have been told by Boomers all the while growing up the ponzi (ss) would not be there for us because it would all be paid out to your generation. When I hear 'they' are just trying to divide and conquer us just think 'they' (the elite and banksters) are almost all boomers. The last few presidents have been boomers. The head of the Fed-a Boomer. I read a comment about some ass clown with the breakdown of Congress saying there are Gen X'ers in the Senate-12, and something like 60 in the house, that only applies if they were born after 1965 and that number is a lot lower than stated. However, the assclown who enlightened us with that information neglected to say Boomers hold super majorities in both chambers (Senate-60, House-245). How as we are seeing now, will this mess be resolved when the generation that can vote themselves a raise still control all branches of the gubmint? It won't be resolved. We will continue to extend and pretend until it doesn't work anymore. My generation as a rule was in some sort of school (be it elementary, high school, or college), during Reagan's presidency. That is pretty much the requisite for being a Gen X'er. If that doesn't apply, you are not a Gen X'er. Simple as that. We will solve the problems, but not because we want to, because we have to. The Boomers have no will to solve it and we know how utterly fucked we are because of them. We will solve the problem because we will not want to screw our children the way you guys screwed us. This may be painful for all, but there may be a lot of spite that comes your way from us X'ers when we are making the policies and we are willing to throw you under the bus to pay you back for how bad you have screwed us. Of course the endless state of war and foreign occupation (another good trait from the boomer generation) will end as well because again, we are broke. Without so many foreign outposts and a smaller defense force we can always use the 80 person open bay barracks, stockpiled MRE's, and military/VA doctors to take care of you whining bitchez when we run out of money to pay you your precious ponzi (ss) funds. After all, we won't have to be training many troops should the warfare state come to a brutal end (which finances dictate it will very soon). Hey insolvency kills two birds with one stone. The ever expanding welfare/warfare state. Live it up while you can Bitchez!
By the way Get the fuck outta my house!
http://www.youtube.com/watch?v=W3BMTig9J8s
Yes.
That is a very relevant question....
I , as the voice of one Gen-X'er, would not.
I'm a Gen-X also and when you consider the fact that we've been voting for over 20 years...it's hard not to take responsibility for this mess.
The vast majority of the hot shot traders on Wall Street and the "geniuses" that created all the toxic shit currently flowing through the veins of the global economy are, for the most part, Gen-Xers.
Let's face it: We are the greediest generation in the history of mankind. We are the genertion that glorified the "Gordon Gekko" greed mantra.
Personally, I'm not inclined to clump blame on generations. There are geniuses and idiots, saints and satans in every generation...It's just how this thread evolved.
You're a dope. Gen-X were just kids in the 1980's.
Y'know, if it wasn't for people, the human race could really be somethin' special.
Wasn't Medicare Part-D a free giveaway to the old cogers? I wonder if the AARP opposed that $TRILLION package? No, of course.
I assume you meant codgers w/ a "d". As in Dumb ass. Learn how to spell, then pull your whining head out of your ass!
You darn whipper snappers! Learn how to spell!
Hey, enjoy the retirement home. What a treat those places are. Don't worry, you have no one to blame but yourself, right?
I'm not blaming anyone, asswipe. We are set w/o gummint BS. However this "entitlement" crap is just that. When you're forced to put $ in a fund, only of course, if you have a job besides surfing the net, for 50+ years, it would be nice if you could recoup some of that. The "entitlement" term should be reserved for the illegals & minorities that haven't put anything in, but more hands hanging out. This includes your beloved politicians who suck more $ out of the system than you suck seminal fluids. I might not even retire, but again "retiring" would mean I have actually done some productive things over the years, in other places besides my own mind.
I support your comments, TW. Thanks,
I support your comments, TW. Thanks,
Typical boomer. I hate big government except for the part that mails me a check. Just give me mine.
??????? shit ???? ???? ??? ?? ?????? ??? ?? ..
that was supposed to be in gujarti for no particular reason..
https://secure.wikimedia.org/wikipedia/en/wiki/Gujarat#Language
Sheer ignorance on your part. The Federal Reserve Cartel has created these bubbles, and Greenspan in particular, under Regan, allowed Social Security funds to be spent as part of the General Fund. Do some reading before you write more nonsense.
When people keep voting for puppets like Bush, Clinton, Bush, and Obama this raping and pillaging will continue. That's why my last Presidential vote will be for Ron Paul. After that, it is off to Iceland.
How does the Fed decide how SS funds are spent? Only congress can do that. You are one to accuse others of ignorance.
Bullshit. The fact that AARP came out in support for Obamacare - the biggest genocidal program to kill the old faster with rationed medical treatment, means the AARP is all too happy to stick up for the actuaries that Obama needs to "balance the budget."
The elderly would have half a chance in Amerika if only the Administration could sew explosives inside their bodies and send them to Libya.
AARP sold its constituents out for blow-job junkets and Redskins box seats.
Amerika could pay for its social obligations if the g-ddammed politicians choose not to bailout money-worshiping gamblers and start more endless wars.
"I see your favorite color is Orange."
- Soylent Green
What are you gonna do about it, granny?
Meet the real "moochers", bitchez.
And it could save $30B (what Ben monetized weekly) each and every year? Gee...thanks.
Hocus Pocus! Presto Chango! I came this >< close to missing the sarcasm.
AARP lobbyists make the big pharma and defense lobbyists look like girl scouts selling cookies.
In this case they have a very valid point. The elderly are being thrown under the bus to protect bankers. People who have saved for their entire lives are being robbed of their savings with unsustainably low interest rates. They are burning through their retirement savings at a clip which will leave them homeless and hungry long before they die.
Nice work, Ben.
The elderly chose this path.
Reality is a bitch with the gonk.
If you are too old to be productive, get your ass to Carosel, idiots.
Just look into the eyes of your average geriatric WalMart greeter, they are filled with the cloud of confusion as to how having to work could hit them in their old age. Never enter a deal with the government.....oh wait, they didn't have a choice. Ahhhh the good old freedom of the USSA.
Actually the more appropriate conclusion is to never depend on the government for anything.
+1
True, but it's a bit on the irritating side that the government still takes the money from me for these programs. My employer has to match the Medicare and SS "contributions" I make, so we are basically getting dinged twice for something we have no option of getting out of. Fucking insane I tell you.
Yes, sucks doesn't it. I don't expect to ever see a dime of that money, just think of it as another tax... This is what we get when we decide that is it legal for governments to tax "income".
It's not insane - it's just robbery.
the problem is the genxers are dumbass clowns and at least half of them
would be lost without a starbucks and an ipad stuck up their ass.
Nothing like that type of production. Whoooooooboy!
wimps and clowns spoiled rotten by the system provided by previous gens.
Just to clarify: what years do you have to be born between to be an Xer, a boomer, an old timer, and whatever under 30's are called now??
I'm 28, so am I an Xer, or a...what?
Well, I'm 32, and that is on the tail end of Gen X. I think we should call our age group Gen XY, since getting sliced and diced by two economic collapses already is helping most of us realize that we need to sharpen our knives in preparation for the third, and worst yet, that is coming.
Forget what anyone labels it now- the group that survived the last Great Depression ended up in the history books as the greatest generation, and they participated in the Roaring 20's. Probably had a lot of folks calling them lazy idiots in the run up to that one, too.
Just do the best you can, and we'll get through it somehow. No time to worry about the legacy just yet- I've got kids to feed, and bankers to hang.
What you say is absolutely true. However, ATTEMPT to have a REAL discussion about the state of things and from 99.9% I hear, "I Don't Want To Hear Anything Negative!". The F_ING bastards deserve just what they are getting.
I receive Social Security so I have a dog in this fight.
Nobody has a right to get out of the system more than they put in. That includes the bankers and the elderly.
If you subsidize something, you get more of it. If we are going to subsidize anyone, we should be subsidizing the young, the productive, the educated, and the responsible.
How about letting me put nothing into the system of SS and Medicare and asking for nothing in return? Where is that Opt-out button anyway?
That would require you to think for yourself and demonstrate you know better than da gubmint...they all know it isn't so. (sarcasm was on)
Social Security is tax funded.
It is not savings.
The benefit is what the current legislation allows.
All their lives they were lied to.
All your Social Security are belong to us.
Really, they belong to us.
Signed: Your owners.
No, no, no, there is a trust fund!
http://www.youtube.com/watch?v=7GSXbgfKFWg
No doubt the elderly are gonna get screwed. But lets not forget that as long as somebody else was gonna get screwed more, longer, and harder - AARP was cool with that. Fundamentals matter and the folks in that demographic never owned up to that, never dug deeper into the world around them, and now stand agast with a "babe in the woods" incredulous amazement that they as well as their children will be getting fucked. I guess as long as it was gonna be the kids who suffered - who hasn't heard that uttered from a boomer? - that was acceptable. Fuck off if you junked me. I hate the system we have. And this bullshit hits my family hard - but that doesn't mean I can't be honest about it.
People who have saved for their entire lives are being robbed of their savings
I don't think SS was ever intended to be a savings program. I don't consider any other tax I pay as being savings. SS is in effect a multi-level marketing scheme. You pay into it when you're young, work your way up the pyramid by aging, and then cash in when you're old.
true...people have had the option to save: sotcks until 1999, real estate until 2006, gold and silver after 2000
but they haven't, so now even people who thought themselves wealthy will face the raw elements. In many respects I find it beautiful. I hope to profit from their misery.
Or they could use you for fertilizer or food for their dogs.
...be wary of any man who owns a pig farm.
"The elderly are being thrown under the bus to protect bankers."
Everyone is. And if they can keep us divided, it will be easy.
Dont like millions of people being represented as effectively as special interest groups?
SS is being stealth cut with inflation........
So?
If the old morons trusted government, and did not save for retirement, then open bay barracks and basic veterinary care is good enough for the parasites.
When was the last COL adjustment for the blue hairs anyway? AARP leadership LOVED (http://www.afa.net/videos/aarp/) the Obamacare plan, so I guess this CPI change is the trade off they have to eat. The elderly can have free health care, but being hungry and homeless is not considered a health issue. Gentrification bitchez.
Suck it AARP! Now that the smoke & mirrors bit works against YOU (*cough*Obamacare*cough*) ... your going to whine!?
Exactly, they sucked up to Obama on "health care reform" and sold out America.
My own private health insurance just jumped 25% to pay for the new Obamacare requirements. This on top of last year's 26% increase. I'm sure they wil be "shocked" when most doctors dump medicare and mdicaid patients which is already happening.
They now have zero credibility.
Everyone is in favor of cutting big government until that reduction in big government leads to loss of their program. Do unto thee and not to me.
I would be MORE than willing to give up EVERY penny that was stolen from me in SS and Medicare if I could opt out.
As much as you try to act like a wannabe fascist bastard, they just aren't going to let you in the club. Get over it and try something else.
How is it fascist to expect you to buy your own fucking Hoveround?
You self-indulgent fucks need to get a grip. I don't owe you your every petty wish.
You fucking fascist moron need to differentiate between someone else wanting back what he paid in, and said insolvent "bank" making you pay for their mistakes.
Fucking egoist neo-republicans are stuck in stupid class warfare games, unable to figure out that both sides are played for laughs and profit.
Here's an idea - if you indeed are so "unbiased" and care about fairness, then why do you not propose, that the perpetrators of this giant nationwide theft, get liquidified.... all those fucking banks, all those parasitary megacorps, politicians, etc.... and that they are then made to pay for the losses they created? How about making them work 50 hours a week for nothing but unemployment benefits for the rest of their lives.... with all the profits then going to get people back what they paid in?
Short answer: Your ideology...... which has nothing at all to do with fairness, nothing at all to do with mutualism.... but plain egoism and sadism.
Where in hell did you get the notion that banks made mistakes? Everything that happened was by design. Haven't you figured that out yet?
First of all Rynak in case you haven't been living long enough yet-Life isn't fair. That is the problem we have now all these boomers running around thinking life is fair and there is equality and all that bullshit. They cooked their brains out in the 60s with that mantra and lots of dope so I guess boomers just cant fucking understand life isn't fair, and no amount of legislation or chanting or sitins or crying is gonna make it fair. We will never see what we paid in and yet we all have come to that realization without any sort of shock or surprise or a gimme, gimme attitude.Now as I stated in my above rant we will take care of the problem because we have to...boomers have left us no choice. Believe me when I say I do not expect this to be a breeze because those who feel they are owed something will take it (see LA riots 1992), but we will liquefy the bastards that perpetrated this on all of us. Unfortunately lots of those elitist bastards are boomers as well. I hate the fact that it is how it has to go down. There ain't no egoism or sadism involved either but I sure do detect a lot self centeredness on your part...so once again I will explain life isn't fair, mutualism is just another word for communism/socialism. For too long the boomers have been the children crying gimme mine in the room. Now we adults are stuck fixing their problem...If you wanna talk about fair, that isn't fair to us to clean up another generations mess now is it?
Well, i don't buy into this "life isn't fair" business... it someway is like acknowledging, that i'm being cheated, and that i won't do about it". Or in short: being a host, while not demanding any way out of parasitism.
I won't settle for this.
As for existing deficits: I will only settle for reducing the generational (and hierachical) deficit, if the measures involved actually do reduce parasitism, and affect current parasites more than those playing fair"
Or in short: i DEMAND change for the better, in exchange for me partially addressing past parasitism. In the absence of those demands, i simply hold entire current civilization for ransom: Either everyone reduces parasitism, or i do not accept doing my part, in recucing collective guilt.
Harsh? Maybe. Fair? HELL FUCKING YES! LET THE PARASITES BURN TOGETHER WITH ME, if they reject a reduction in parasitism.
Just remember Rynak, Doyle and his ilk all have learned to live with the world being unfair, so long as it remains unfair in their favour.
Regards
Wait til they put 35% tax rate on 401k withdrawals. Too old to throw Molotov cocktails so take from them
Probably not too old to strap on an exploding vest and visit the elected representative who made this possible.
Ah, Social Security is a Ponzi scheme, but, saving for retirement is different. Right!
Yes, that worked out well for my parents and grandparents. Their savings were eaten by inflation.
"basic veterinary care is good enough for the parasites."
You're ignorant. The medical industrial complex is the reason the elderly are given gold plated care in the final months of their lives. It's too profitable. Go argue with the AMA and Big Pharma. Be sure to bring your gun, hot shot.
Old folks, and society at large, would benefit more from just giving them a really, really bit shot of heroin.
That already is part of the protocol. Given that, I suspect that people like you might want to go further. Low IQ people are not very productive? Any plan for them? How about gypsies?
I guess they'll fiddle with the numbers until they are tweaked perfectly.
And then they will have to deal with "owner's equivalent rent"!
With rents rising substantially, this will be a real bitch to fix.
OT... But it seems the Treasury wants its gold eagles back...
http://news.yahoo.com/blogs/lookout/family-fights-government-over-rare-double-eagle-gold-151853030.html
a jeweler named Israel = STOLEN !
It does sound like they were stolen, but not for the ridiculous reason you suggest.
sure.....he was a great guy with a nice name...................its all just a big misunderstanding.....
It does sound like they were stolen, but not for the ridiculous reason you suggest.
It does sound like they were stolen, but not for the ridiculous reason you suggest.
Why the fuck would they take them to the treasury??? Morons, 2 minutes on the computer, find a reputable coin dealer, done.
A fool and his money are soon parted.
You should have said that the family wants them back. They were stupid enough to hand them over expecting fair treatment once they were in the hands of the Treasury. Ha!
The Treasury HAS the coins. Good luck prying them loose now.
Not a good time to be old.
Don't count on your pensions either boomers...
Maybe at least this will speed up my weekend 18holes at the links?
Au contraire, best time to be old.
You will have lived the best-long lived exhuberance humanity has seen, just before everything collapses, or at least, coasts down.
You will have seen Space race and reach the moon, electronics, TV, computers, internet, commercial flight, personalized products, products for the masses.
You will have seen virgin jungles and pristine beaches.
You will have enjoyed much more than most men in other ages, without much effort.
You will have enjoyed a nice retirement, still strong, healthy and with money to spend.
Once your body starts crippling apart, what is the use of living longer, just waiting?
I see your point. Once the zombie hoardes reach the Villages, the fairy tale will be all over.
Not to mention fucking without rubbers almost every single time.
Back in my day we didn't need condoms since there was no AIDS. Sure it burned a bit when we peed, but I banged the best of them. Did I tell you about the chain bang your grandma and I had with Betty Grable?
Excellent points, but, hey, its falling apart too fast and Im having to protect my modest retirement funds from corporate fascism and deal with the hostility of some of the ignorant folks posting here, trying to blame one or two generations for the problems inherent in fractional reserve banking of a Federal cartel who have been milking the country since 1913 ... and the three fucking previous central banks that Jefferson and Jackson fought so vehemently and lost.
the buck passes here.
Shit should have hit the fan after they whacked JFK.
Corruption Plundering Incompotence
I hate compote too.
Catering Plebeian Ignorance
Cultivating Peoples Idiocy
Capped Ponzi Invoicing
Oh, now that is good, snowball.
+ 14.3T snowballs
Concurrent Plutonium Irradiation
Can Predict Insolvency?!
Poor AARP couldn't happen to a better bunch of criminals.
Off topic, but this just came in:
07-07 14:45: Magnitude 5.7 quake strikes 22 miles East of Honshu (Japan), tsunami alert issuedYou are a doctor? You are far too ignorant, so you just appropriate in title what you never earned. And what crime is AARP committing, or is this more cognitive slippage on your part?
This would be the same AARP who whored themselves to ObamaCare since it would force Medicare Supplement insurance their direction?
Big surprise.
Plausible Expediency...
Both sides of the aisle will be happy if they can use the soundbyte "largest defecit/spending reduction in this country's history." $300bn is just too big a push in that direction for the parties to leave it on the table. The CPI adjustment is coming, of that there is no doubt.
Several clients are closing in on SS age and have been in my office discussing options. When they were younger the MSM talk was to delay taking SS for as long as possible in order to maximize the SS payout. So when I suggested they consider taking it as soon as possible because both the SS benefit itself and the COLA will be cut there was shock and surprise to deal with.
Then we discussed the inflation lie and a depreciating dollar. Ouch! Even though I have been telling them for years, decades in one case, that this would happen, it was easy to ignore me because I was a small voice in a big world telling them otherwise. Now that the piper is looking for payment a rude awakening is here.
I will be 54 in a few weeks...and I will damned sure take SS on the first day I can, assuming it is still around then. I want my dollars now, before they are forever inflated away.
I have the same discussion with clients and I get the same blank stare from all of them. Especially when I go over the history of ssi and the fact they entice you to delay so that you kick off before you take it.
Clients don't always want to hear what you have to say but Kudos to you for trying. You've done your duty. Clients still have free will and are free to make mistakes.
I guess my comment was really about the power of the MSM and the so-called 'authorites' to tell people what they want to hear. And of those very same people believing what they hear because they want to believe it and everyone is saying the same thing at the same time. So they must be right.
I swear to God, if everyone were to wake tomorrow and find a ticking bomb in their living room set to go off in one year and over the next year all the MSM and authorities did was to tell them everyone constantly that it wasn't going to explode, easily 95% of the population would sit in their living room at zero hour with the TV on ignoring it because they were told it wasn't going to go boom.
To believe it was going to explode meant that they would need to do something about it. When told they don't need to worry, everyone ignores their eyes and ears and common sense and goes about their business until...........boom. Never have so many been brainwashed for so long to commit suicide at once. Goebbels must be eating his heart out.
CD: You should keep sledge hammers like these in your desk drawer... Give them to clients... tell them to go home and disable their TeeVees...
Then come back and meet with you in 30 days...
Maybe you'll get some where with them...
There's an old saying among parents of young children. By the time the kids hit school, you've lost them to peer pressure and the 'system'. From that point on it's a real battle just to get a wise word in edgewise.
The same can be said about my clients. For the most part when they leave my office they have understood what I have said and the consequences and they have a plan. But a week later, after some intensive re-indoctrination by the MSM via the boob tube, the Internet, their peers, family and friends, they have been swallowed up and I'm just a cold and distant memory that they avoid like the plague.
My experience the same but there is the occasional individual who listens, does some research and makes a change.
There was a young girl of Nicaragua
Who smiled as she rode a jaguar
When they returned from the ride
The girl was inside
And the smile on the face of the jaguar.
We´re riding a jaguar system and the point is not to be swallowed.
maybe with pictures or a puppet show. It's obviously all your fault
As is said, "in for a penny in for a pound".... Shoulda never ever have agreed to anything whatsoever with the gubamint other than what's good for Granny.
Oh well, Granny probably took it up the butt before, so no new surprise.
My granny was a high dollar hooker, and still didn't save for retirement.
Fuch her. I never much liked her anyway.
She did give great head, 'specially when she took out her dentures!
Pure heaven!
Wha'd the leper say to the hooker after getting a BJ?
Keep the tip, darlin'.
ba-da-boom
They have revised the inflation index to the three months of harvest when food prices normally are low, now they want to shave it again.
All they have to do to make SS solvent is not to steal from the fund, take away the cap on contributions, ie include all income. Then when fund is secure, stolen monies paid back, the fund will no long need contributions. The reason the fund is too low is that for 25 years the surplus went to offset the perks to the rich, and corps.
It is amazing that NO news organization has had a documentary on the great swindle.
You forgot means-testing at the back end too.
How about do away with the fund altogether? Third rail of politics be damned, it was meant to be a welfare fund for the elderly, not the primary source of retirement funds. How subsidized can the boomers be?
You're stupid, putty. Imagine yourself old and one day having not a nickel to your name, no one to help you out. Could very well happen. Then what? Go to India, you'll see what I'm talking about. No, no, stop... I don't want to hear "I'm a planner, I'll be responsible for my needs." Shit happens, and apparently you ain't seen nothing yet.
The priveleged, many consumed with ego such that they believe it was their own efforts that accounted for everything they've gotten. Like this Joe Kernan on CNBS - he's a prep school boy, from a fine white neighborhood. The connections, the breaks. And for this hater to mock, over the airwaves, the efforts of those who champion the needy, to talk to his own kind only in casting blame on good souls... is ugly, and for many it'll only get worse.
Please put others' needs before your wants, at least ince in a while -- it's extraordinarily rewarding, really.
So in your opinion government enforced charity is better than the real thing? If I had 15% of my income back at least I could have a direct say in how it was used to help the needy.
Yes, it is a sad state of affairs to be poor, but that is reality. What we have now is government promises which cannot be kept because of government ineptitude and you think the solution is to give the government more money to waste?