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We need to cut back medicare and social security from retired boomers

 
Anonymous Coward
User ID: 85325960
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03/18/2023 09:21 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


For 40 years of your work, what you earned doesn't even account for 10% of the money the government will need to spend on you in the future. And saying that you've paid everything off is ridiculous. It’s like you are asking for something worth a thousand dollars after paying only a hundred dollars.


This is socialism.
 Quoting: Anonymous Coward 83539868


hesright

they just need to pull up their boot straps and get a job
 Quoting: Anonymous Coward 85344578


You are obviously horrible at math..4-5K a year invested into a good basket of mutual funds over 40 yrs would yield millions at the end. I could earn 5% on lets say 3 million and get 12.5K/mo..and when I die..my kids would get the 3 million so ACTUALLY ITS A RIP OFF
themessengernevermatt​ers

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03/18/2023 09:24 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


enjoy living under a bridge maggot
 Quoting: Anonymous Coward 85325960


No by the time they get old, they will have moved onto mandatory euthanization and OP will be slated for a trip to carousel. It would be funny to watch it come back around for him though. Some young neomarxist youth calling for his death and blaming him for all the problems of the world. Like karma and irony all rolled into one.

epiclol
“The rules are simple: they lie to us, we know they're lying, they know we know they're lying, but they keep lying to us, and we keep pretending to believe them.”

Elena Gorokhova, A Mountain of Crumbs
Anonymous Coward
User ID: 85325960
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03/18/2023 09:26 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


enjoy living under a bridge maggot
 Quoting: Anonymous Coward 85325960


No by the time they get old, they will have moved onto mandatory euthanization and OP will be slated for a trip to carousel. It would be funny to watch it come back around for him though. Some young neomarxist youth calling for his death and blaming him for all the problems of the world. Like karma and irony all rolled into one.

epiclol
 Quoting: themessengernevermatters

its obviously a troll but still..frightening how dumb some of the young are
Raniaashi

User ID: 80376576
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03/18/2023 09:27 AM

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Re: We need to cut back medicare and social security from retired boomers
...


For 40 years of your work, what you earned doesn't even account for 10% of the money the government will need to spend on you in the future. And saying that you've paid everything off is ridiculous. It’s like you are asking for something worth a thousand dollars after paying only a hundred dollars.


This is socialism.
 Quoting: Anonymous Coward 83539868


Older people do NOT get as much back in Social Security as they pay. The problem is multi-faceted. 1. The govt raided the accounts and left IOUs in their place. 2. We pay millions of people disability, including little kids who should not even be receiving disability, out of the account, and those people didn't pay in much, if anything. 3. Medicare is the real financial drain as people on average get a whole lot more than they pay in, yet neither Republicans nor Democrats seem interested in taking on Big Pharma for the good of the American people.
 Quoting: Anonymous Coward 83983638


Good facts!

Another thing that's wrong, but wouldn't be helpful in light of the facts you just presented, is that for instance: my husband died so I get his SS. But I'm not allowed to get mine, that I paid in as well. It's one or the other. IMO, that's just wrong.
 Quoting: Raniaashi


Yep ! When my husband passed away, I got his Social Security, which was more than mine. I couldn't get mine and his together, even though I worked and contributed into the system also.
 Quoting: tiger1


yes...... and it really sux because, he worked like 80 hour weeks, so he paid out every year. But while he was away working, I also was working full time, raising 4 kids and taking care of the house and bills. Yet, I cannot collect mine that I paid in..... The whole thing is definitely a scam and needs to be "reset" somehow........But the whole house of cards is coming down in any event anyway.
Love is like light. It is never constrained to its source; it shines on everything and tends to spread spontaneously, unless we block it! ~ Cosmic Swami
Anonymous Coward
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03/18/2023 09:29 AM
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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


How about we just mandate quarterly boosters for them?
Anonymous Coward
User ID: 80571315
Australia
03/18/2023 10:58 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


For 40 years of your work, what you earned doesn't even account for 10% of the money the government will need to spend on you in the future. And saying that you've paid everything off is ridiculous. It’s like you are asking for something worth a thousand dollars after paying only a hundred dollars.


This is socialism.
 Quoting: Anonymous Coward 83539868


hesright

they just need to pull up their boot straps and get a job
 Quoting: Anonymous Coward 85344578


You are obviously horrible at math..4-5K a year invested into a good basket of mutual funds over 40 yrs would yield millions at the end. I could earn 5% on lets say 3 million and get 12.5K/mo..and when I die..my kids would get the 3 million so ACTUALLY ITS A RIP OFF
 Quoting: Anonymous Coward 85325960



Only problem with your theory is… they didn’t invested in your money. The whole thing was ponzi.
Anonymous Coward
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03/18/2023 11:07 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


I've had a job since I was 15 and am now 77. I've paid for my SS/Medicare and probably yours, too. Grow up.
Anonymous Coward
User ID: 80571315
Australia
03/18/2023 11:13 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


I've had a job since I was 15 and am now 77. I've paid for my SS/Medicare and probably yours, too. Grow up.
 Quoting: Anonymous Coward 84122554


When is your 6th boost old man?
Raniaashi

User ID: 80376576
United States
03/18/2023 11:18 AM

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Re: We need to cut back medicare and social security from retired boomers
Thread: About 8 years ago, I met Ben Bernanke at a fundraiser. I'll never forget what he said to the guests about the future of America
Love is like light. It is never constrained to its source; it shines on everything and tends to spread spontaneously, unless we block it! ~ Cosmic Swami
Anonymous Coward
User ID: 85461940
Australia
03/18/2023 11:18 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


You sound like your frothing. Probably only a matter of minutes before you start the death twirl.

It's people like you responsible for a country's fall.
Anonymous Coward
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03/18/2023 11:19 AM
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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


Op, you're not understanding... people are dying off every day... and SS is saving money from that. No need to reduce current payments.

If anything, they need to stop or lower future payments to new recipients.

.. ,, ..
Anonymous Coward
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United States
03/18/2023 11:20 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


Social security is taken from their pay. So it is their money. The government gets to use it for years before they give some of it back. And Medicare is taken from their SS checks. So what they get is theirs.
Anonymous Coward
User ID: 83891849
United States
03/18/2023 11:22 AM
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Re: We need to cut back medicare and social security from retired boomers
One LARGE PROBLEM.

Boomers were SMART ENOUGH

to AVOID SUDDENLY.

Just sent a note to my state Rep. and Senator

to OPPOSE DIGITAL CURRENCY sneaking

in through 12 “Republican” RINO LEAD

STATES.

We will remain a force for at least 10 Years

+ RESIDUAL INFLUENCE through US SUPREME COURT

JUSTICES and influence through our Children

& GRANDchildren we have been training for

the last 40 years.

UbetchaBubba!
salsashark28

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03/18/2023 11:27 AM
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Re: We need to cut back medicare and social security from retired boomers
Really? The boomers fault…not the gazillion immigrants that live 10 to a household, using a vacant lot or P.O. Box just across the border as a mailing address, while each one drawing a check of some kind (SS,SSI,SSDI) and Medicare, then sending the $ back to their country to get more family to the US has no fault? FOAD

Last Edited by salsashark28 on 03/18/2023 11:29 AM
Anonymous Coward
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03/18/2023 11:32 AM
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Re: We need to cut back medicare and social security from retired boomers
Opie is a 12 year old who still sucks his mammy’s tits for lunch.
Anonymous Coward
User ID: 80210747
United States
03/18/2023 11:33 AM
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Re: We need to cut back medicare and social security from retired boomers
Why always trying to impoverish and hurt people?
Anonymous Coward
User ID: 80571315
Australia
03/18/2023 11:36 AM
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Re: We need to cut back medicare and social security from retired boomers
Why always trying to impoverish and hurt people?
 Quoting: Anonymous Coward 80210747


Because it’s communism? The government failed investing the money you put on SS.
ookie

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03/18/2023 11:38 AM
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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


You know, I am disabled. So is my wife. If we didn't get social security we would die. We get just barely enough to survive. There is zero extra to save or plan for. I am getting sick of people like you wanting to make my life even harder. It's not my fault those idiots in office took the money from the trust fund. But they did. That doesn't make the obligation of the government go away.

Leave us poor folk alone. We have it bad enough. We can't survive any cuts. It's bad enough they took away our food stamps. Try to live off $75 a month in food. Just try. See if you think you need less.
Anonymous Coward
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Canada
03/18/2023 11:39 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


Nanny nanny poo poo. The boomers did it. It's all the boomers fault. waa waa waa. The boomers ruined my life. Waa Waa Waa.
Weisshaupt

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03/18/2023 11:41 AM
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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


Reality is going to do that. very soon. Only when it hits we all pay.
Weisshaupt

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03/18/2023 11:47 AM
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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


You know, I am disabled. So is my wife. If we didn't get social security we would die. We get just barely enough to survive. There is zero extra to save or plan for. I am getting sick of people like you wanting to make my life even harder. It's not my fault those idiots in office took the money from the trust fund. But they did. That doesn't make the obligation of the government go away.

Leave us poor folk alone. We have it bad enough. We can't survive any cuts. It's bad enough they took away our food stamps. Try to live off $75 a month in food. Just try. See if you think you need less.
 Quoting: ookie


The whole thing was a PONZI scheme from the beginning.
Moral people would have realized this was going to bankrupt their kids and demanded it be repealed. The Boomers were the only generation that had the required size to make a difference. They instead CHOOSE to burden future generations with their retirements - just as you are arguing that you still deserve something out of other people's pockets now.

Shouldn't you be living with your kids? Shouldn't you kids be taking care of you? If they won't, why should I , a complete stranger be doing that? Its your generation's prevalent collectivist attitude that other people are resources for your own use that is the problem. You are responsible for you - You should have saved for your old age. You should have children that care enough about you to care for you. I am not responsible for your life, and if you die why should I care? You see me as a walking wallet- not a person. SO why should I treat you like a person when you won't reciprocate?
Weisshaupt

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03/18/2023 11:54 AM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


Social security is taken from their pay. So it is their money. The government gets to use it for years before they give some of it back. And Medicare is taken from their SS checks. So what they get is theirs.
 Quoting: Anonymous Coward 85461918


This is incorrect.

1) Its a tax. There is no legal obligation to bay them anything. This was already confirmed by the supreme court in numerous cases
2) Its a ponzi scheme - the people who got the first payouts had paid nothing or little into the system. Current payment are made using money taken from others. Thier money was similarly stolen and distributed to others.
3) any surplus was loaded to the government - so not only do younger generations pay money in they will never get back - the also are taxed to pay back the loaned money with interest.
4) The system is already in collapse ( they don't even publish the disability number anymore because that fund is bankrupt) Even the Social Security Administration admits the system is done in 2036. ( The US Dollar itself will probably be done long before then - and your SS benefit -if you get any at all - won't buy a Mcy-D hamburger. )

"Their" money is gone - just as those who invested with Bernie lost their money. They aren't legally owed a dime.
Anyone who thinks social security is a good idea is a moron and thief.
Anonymous Coward
User ID: 70521703
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03/18/2023 12:01 PM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


entitled, assholes, is what america, been raising for decades, dont take the bait, , most, of amrerica is selfish greedy, assholes since soonafter birth and , bad upbringing, , , dont need the headlines.
Anonymous Coward
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03/18/2023 12:01 PM
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Re: We need to cut back medicare and social security from retired boomers
Just stop deductions now from younger working people so they can invest that amount instead. The Government stole the SS funds years ago that is why the system is strained.

I've worked since 16 yrs old and paid into SS for 50 yrs so I do not feel bad for taking it now!
Anonymous Coward
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Canada
03/18/2023 12:04 PM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


For 40 years of your work, what you earned doesn't even account for 10% of the money the government will need to spend on you in the future. And saying that you've paid everything off is ridiculous. It’s like you are asking for something worth a thousand dollars after paying only a hundred dollars.


This is socialism.
 Quoting: Anonymous Coward 83539868


At age 55, the last SS statement I got (about 5 months ago), showed that both my employers and myself (since the age of 14 when I started working) have contributed:

Me - $219K
My Employers - $219K

So $438,000, plus I'm still working now and can't even qualify for SS full benefits for another 10 years (age 65).

At age 65, based on today's numbers, I will collect $3,100 per month, or roughly $37,000 per year.

I'd have to collect that amount for 13 years just to recoup what my employers and myself have put into the program, NOT INCLUDING ANY GROWTH OVER THE LAST 40 YEARS!

It's a rip off.

If they offered me all of my money (and my employers contributions) + a retroactive 2% per year interest, then I would cash out.
Anonymous Coward
User ID: 70521703
United States
03/18/2023 12:06 PM
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Re: We need to cut back medicare and social security from retired boomers
we paid in for 40 yrs..
get a job loser
 Quoting: Anonymous Coward 85325960


You didn’t pay crap and now you want the next generation pay for all your shits?

Die


This is America!! Lefties! Die!! Commie cong~
 Quoting: Anonymous Coward 85188299


Social security is taken from their pay. So it is their money. The government gets to use it for years before they give some of it back. And Medicare is taken from their SS checks. So what they get is theirs.
 Quoting: Anonymous Coward 85461918


todd, too busy playing with his commie cong, to work, , everyone owes poor little todd, what an example of manhood, aint he?,
Texan
Libs are Liars...Woof!

User ID: 74922617
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03/18/2023 12:06 PM

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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


Quit crying little girl. I'm going in the rapture soon and will be out of your hair. You will have bigger fish to fry then...good luck in that!
hesright
Anonymous Coward
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03/18/2023 12:11 PM
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Re: We need to cut back medicare and social security from retired boomers
Well asshole you will be a boomer one day. Dumb fucks like you are actually the ones ruining this world. Such a stupid fuck.
Confederate Soldier

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03/18/2023 12:12 PM
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Re: We need to cut back medicare and social security from retired boomers
This might just be the most myopic thing I've ever read here. Do you have any idea what would happen?

For starters, the largest homeowning demographic would default on all of their debt, causing the money supply to contract violently, while simultaneously tanking the housing market. The ones who didn't lose their homes would drain their retirement accounts, tanking stocks.

Then they would all reenter the workforce, and the ones who couldn't work would apply for disability and food stamps, stressing an already stressed system. And all this at a time when layoffs and unemployment would be at all time highs to begin with, due the economic catastrophe caused by them all losing their houses.

And do you think that people will continue to pay into social security upon realizing they'll never get it? Of course not. There would be riots over it, and the government would lose all that tax revenue and probably default on the debt.

And the people all this would hurt most are the working aged. The millennials and gen z. The boomers would all die soon and we would be left to inherit the mess.
 Quoting: okie1


You left out the best part of the story. The part where people are no longer forced to participate in a socialist scam and now take responsibility for their own financial future. Socialist scam safety nets like this encourage irresponsible financial behavior. It is a good thing it would be ended, even if it causes some problems.
 Quoting: Anonymous Coward 81432066


Damn dude, the reason Social Security Insurance came about was because no one saved money, the young blew it, and older people used it for bills.
9 of 10 people will not save or invest for the future, they live in the here and now.
There's a man in a white house with blood on his mouth!
If there's Knaves in the North, there are braves in the South.
We are three thousand horses, and not one afraid;
We are three thousand sabres and not a dull blade.

:78g:
Anonymous Coward
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03/18/2023 12:18 PM
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Re: We need to cut back medicare and social security from retired boomers
We should stop demomcrafts’ spending spree!

USA is already bankrupt.

Let boomers pay their own shits.
 Quoting: Anonymous Coward 85188299


Over $600k has been paid into SS and medicare on my behalf over my working life.

So sure, re-patriot the $600k---with compounded interest over the past 40+ years to me and I will happily opt out.

Otherwise, GFYS with a chainsaw.





GLP