11-19-2016, 09:17 PM
(11-19-2016, 08:26 PM)Warren Dew Wrote:Quote:Social security will not last in its present form to gen X.
It will if we pop the cap and cut defense spending to the bone. We don't need boondoggles like that F-35 which is not battle ready.
Quote:I think most X would prefer to recognize that fact and phase it out in favor of something else.
I do not want my SS cut for whatever reason. I'm OK with Boomers getting it and I think I should also. It's pretty simple. At age 54, I can't do some things I could do at age 18. At age 67, there will be even fewer things I can can do. If I hit my parents' age, 79, I don't think I can much of anything in the way of work, because my parents can't. And so it goes. If I hit 90, like my Lost great aunt , great/great Swedish aunts/uncles on mom's side, and some aunts/uncles, I'll be even less able to do stuff, except perhaps clean and cook. If they're are X'ers who think they can work all they're lives, they have another thing coming. If they hit normal retirement age, a sizable number will not be able to work. Those who think getting rid of SS are short sighted idiots who apparently don't have old relatives or something. I'd also have to guess Playwrite would be correct when he said "long term thinking isn't Xers' strong suit.".
Quote:In fact, I suspect most would be willing to subsidize boomers in order to get the phaseout - maybe putting half their money into the trust fund to pay off the boomers - if the other half were put into individual accounts where the ownership was clearly theirs, rather than the present system where they have to trust the government.
I trust the government far more than I trust Wall $treet. You're right, they'll own it alright, they'll own something where they get ripped off with front running and fees. I don't want to run a rather high risk of outliving my money.
PS
Just look at this left wing rag's tell all about Ryan sucking the Krotch Bro's dicks!
---Value Added 