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

 
Anonymous Coward
User ID: 82288635
United States
03/18/2023 05:40 PM
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Re: We need to cut back medicare and social security from retired boomers
Me and my employer paid into both for 48 years. When do I get it all back with interest?

Many people don’t live to collect it either. Where is that money?
 Quoting: Texas Best


EXACTLY !
 Quoting: tiger1


The problem is that life expectancy has increased significantly... They can't do anything with the small amount of money you gave in. And our government has already spent all the money and has been bankrupt for a long time. We were resolving everything through negative spending.

If you had invested in a bankrupt company, the money would have disappeared, and you would have to take responsibility for it yourself.
 Quoting: Anonymous Coward 84614028


My Dad died at 65. My husband died at 67. I have had several friends and family members who died in their 40's and 50's. Where did all the money go?
 Quoting: tiger1


Can you say "Government Slush Fund"?
Anonymous Coward
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United States
03/18/2023 05:41 PM
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Re: We need to cut back medicare and social security from retired boomers
People don't understand the problem with social security.

Remember back in Bill Clinton Presidency. when he and Newt Gingrich "reformed welfare"---that was a lying politician sleight of hand. Essentially they did not "reform" welfare--they changed SS eligibility laws to allow people kicked offf welfare to be on Social Security.

Millions of people who never or short time paid IN to SS are receiving full SS benefits.
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:41 PM
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Re: We need to cut back medicare and social security from retired boomers
...


And surprisingly, just what the IMF and the WEF and the UN and the WHO, and the CIA, and the FBI love about every new generation that they're conscripting into their $ making wars.
 Quoting: Anonymous Coward 69539356


Yeah and all of them are dying boohoomers.
They hate everybody even themselves
 Quoting: Anonymous Coward 73873862


All I gotta say is thank fuck for Father death
It's ripe for the picking
 Quoting: Anonymous Coward 73873862


for you maybe.
 Quoting: Anonymous Coward 69539356

Death isn't picky. If you don't wake up and say not today... well, maybe that's as it should be.
Anonymous Coward
User ID: 83608992
United States
03/18/2023 05:42 PM
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Re: We need to cut back medicare and social security from retired boomers
Me and my employer paid into both for 48 years. When do I get it all back with interest?

Many people don’t live to collect it either. Where is that money?
 Quoting: Texas Best


You didn’t pay it, they fooled you into a Ponzi scheme. Now there’s no money and we’re not responsible for it.
 Quoting: Anonymous Coward 83539868


it's a 15% lifetime tax idiot.
Anonymous Coward
User ID: 73873862
United States
03/18/2023 05:42 PM
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Re: We need to cut back medicare and social security from retired boomers
No sweat.....the industrious Gen Z will will keep SS solvent......


just kidding.....


I'm happy to be old and gonna collect with both hands until the system goes dry.....so you kids best be heading to work.....LOL...
 Quoting: Anonymous Coward 73847342


Anyone under 70 obviously knew soc sec taken out of their paychecks was never going to be given back. It wasn't a choice.
 Quoting: Anonymous Coward 69539356


I was told in the 80's that SS won't be there for me.....so I lived my life planning without it.....I retired not needing SS due to the good financial decisions I made....but lo and behold, I do receive beer money every month....yes....I am a reviled B00Maaaaaah!....LOL..
 Quoting: Anonymous Coward 73847342


Glad my generation doesn't drink. Enjoy pissing blood
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:43 PM
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Re: We need to cut back medicare and social security from retired boomers
People don't understand the problem with social security.

Remember back in Bill Clinton Presidency. when he and Newt Gingrich "reformed welfare"---that was a lying politician sleight of hand. Essentially they did not "reform" welfare--they changed SS eligibility laws to allow people kicked offf welfare to be on Social Security.

Millions of people who never or short time paid IN to SS are receiving full SS benefits.
 Quoting: Anonymous Coward 76546004


All I can remember about Clinton was that a word was not a word anymore. "IS"
Anonymous Coward
User ID: 73873862
United States
03/18/2023 05:43 PM
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Re: We need to cut back medicare and social security from retired boomers
...


And surprisingly, just what the IMF and the WEF and the UN and the WHO, and the CIA, and the FBI love about every new generation that they're conscripting into their $ making wars.
 Quoting: Anonymous Coward 69539356


Yeah and all of them are dying boohoomers.
They hate everybody even themselves
 Quoting: Anonymous Coward 73873862


All I gotta say is thank fuck for Father death
It's ripe for the picking
 Quoting: Anonymous Coward 73873862


for you maybe.
 Quoting: Anonymous Coward 69539356


Cope harder boy. Your time is over
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:43 PM
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Re: We need to cut back medicare and social security from retired boomers
People don't understand the problem with social security.

Remember back in Bill Clinton Presidency. when he and Newt Gingrich "reformed welfare"---that was a lying politician sleight of hand. Essentially they did not "reform" welfare--they changed SS eligibility laws to allow people kicked offf welfare to be on Social Security.

Millions of people who never or short time paid IN to SS are receiving full SS benefits.
 Quoting: Anonymous Coward 76546004


All I can remember about Clinton was that a word was not a word anymore. "IS"
 Quoting: Anonymous Coward 69539356


And the Clinton "village raising a child scam".
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:44 PM
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Re: We need to cut back medicare and social security from retired boomers
People don't understand the problem with social security.

Remember back in Bill Clinton Presidency. when he and Newt Gingrich "reformed welfare"---that was a lying politician sleight of hand. Essentially they did not "reform" welfare--they changed SS eligibility laws to allow people kicked offf welfare to be on Social Security.

Millions of people who never or short time paid IN to SS are receiving full SS benefits.
 Quoting: Anonymous Coward 76546004


All I can remember about Clinton was that a word was not a word anymore. "IS"
 Quoting: Anonymous Coward 69539356


And the Clinton "village raising a child scam".
 Quoting: Anonymous Coward 69539356


And with the south border open and welcoming as herself the resist woman said... "What does it matter anymore?"
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:45 PM
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Re: We need to cut back medicare and social security from retired boomers
...


Yeah and all of them are dying boohoomers.
They hate everybody even themselves
 Quoting: Anonymous Coward 73873862


All I gotta say is thank fuck for Father death
It's ripe for the picking
 Quoting: Anonymous Coward 73873862


for you maybe.
 Quoting: Anonymous Coward 69539356


Cope harder boy. Your time is over
 Quoting: Anonymous Coward 73873862

Says you.
Anonymous Coward
User ID: 84888159
United States
03/18/2023 05:45 PM
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Re: We need to cut back medicare and social security from retired boomers
...


EXACTLY !
 Quoting: tiger1


The problem is that life expectancy has increased significantly... They can't do anything with the small amount of money you gave in. And our government has already spent all the money and has been bankrupt for a long time. We were resolving everything through negative spending.

If you had invested in a bankrupt company, the money would have disappeared, and you would have to take responsibility for it yourself.
 Quoting: Anonymous Coward 84614028


My Dad died at 65. My husband died at 67. I have had several friends and family members who died in their 40's and 50's. Where did all the money go?
 Quoting: tiger1


Can you say "Government Slush Fund"?
 Quoting: Anonymous Coward 82288635



Can you say "illegal immigration"?

The Fiscal Burden of Illegal Immigration on United States Taxpayers, $150.7 billion dollars per year.

[link to www.fairus.org (secure)]
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:46 PM
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Re: We need to cut back medicare and social security from retired boomers
No sweat.....the industrious Gen Z will will keep SS solvent......


just kidding.....


I'm happy to be old and gonna collect with both hands until the system goes dry.....so you kids best be heading to work.....LOL...
 Quoting: Anonymous Coward 73847342


Anyone under 70 obviously knew soc sec taken out of their paychecks was never going to be given back. It wasn't a choice.
 Quoting: Anonymous Coward 69539356


I was told in the 80's that SS won't be there for me.....so I lived my life planning without it.....I retired not needing SS due to the good financial decisions I made....but lo and behold, I do receive beer money every month....yes....I am a reviled B00Maaaaaah!....LOL..
 Quoting: Anonymous Coward 73847342


Glad my generation doesn't drink. Enjoy pissing blood
 Quoting: Anonymous Coward 73873862


Glad your generation took all the jabs.
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:47 PM
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Re: We need to cut back medicare and social security from retired boomers
...


Anyone under 70 obviously knew soc sec taken out of their paychecks was never going to be given back. It wasn't a choice.
 Quoting: Anonymous Coward 69539356


I was told in the 80's that SS won't be there for me.....so I lived my life planning without it.....I retired not needing SS due to the good financial decisions I made....but lo and behold, I do receive beer money every month....yes....I am a reviled B00Maaaaaah!....LOL..
 Quoting: Anonymous Coward 73847342


Glad my generation doesn't drink. Enjoy pissing blood
 Quoting: Anonymous Coward 73873862


Glad your generation took all the jabs.
 Quoting: Anonymous Coward 69539356

It's not like you know how to do anything worthwhile right?
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:48 PM
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Re: We need to cut back medicare and social security from retired boomers
...


The problem is that life expectancy has increased significantly... They can't do anything with the small amount of money you gave in. And our government has already spent all the money and has been bankrupt for a long time. We were resolving everything through negative spending.

If you had invested in a bankrupt company, the money would have disappeared, and you would have to take responsibility for it yourself.
 Quoting: Anonymous Coward 84614028


My Dad died at 65. My husband died at 67. I have had several friends and family members who died in their 40's and 50's. Where did all the money go?
 Quoting: tiger1


Can you say "Government Slush Fund"?
 Quoting: Anonymous Coward 82288635



Can you say "illegal immigration"?

The Fiscal Burden of Illegal Immigration on United States Taxpayers, $150.7 billion dollars per year.

[link to www.fairus.org (secure)]
 Quoting: Anonymous Coward 84888159


Don't forget all the pensioners in the Ukraine running the US biolabs.
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:49 PM
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Re: We need to cut back medicare and social security from retired boomers
...


I was told in the 80's that SS won't be there for me.....so I lived my life planning without it.....I retired not needing SS due to the good financial decisions I made....but lo and behold, I do receive beer money every month....yes....I am a reviled B00Maaaaaah!....LOL..
 Quoting: Anonymous Coward 73847342


Glad my generation doesn't drink. Enjoy pissing blood
 Quoting: Anonymous Coward 73873862


Glad your generation took all the jabs.
 Quoting: Anonymous Coward 69539356

It's not like you know how to do anything worthwhile right?
 Quoting: Anonymous Coward 69539356

I'm sure you own an xbox or alexa though right?
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:50 PM
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Re: We need to cut back medicare and social security from retired boomers
...


Glad my generation doesn't drink. Enjoy pissing blood
 Quoting: Anonymous Coward 73873862


Glad your generation took all the jabs.
 Quoting: Anonymous Coward 69539356

It's not like you know how to do anything worthwhile right?
 Quoting: Anonymous Coward 69539356

I'm sure you own an xbox or alexa though right?
 Quoting: Anonymous Coward 69539356

While asking your parents to help you our with that car payment you wouldn't need if you lived near your job. Like they did.
ondrunn

User ID: 84040509
United States
03/18/2023 05:51 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


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?
 Quoting: Weisshaupt


Bullshit.
SS was supposed to be insurance, in case you lived long enough to be unable to work.
Just like car insurance, you are paying a premium.
That is why no money is paid if you die before retirement age.
The problem was that Washington took the money and spent it, it was supposed to have been left alone.
 Quoting: Confederate Soldier



SSA has a very good web site ,maybe you should consider checking it out
Anonymous Coward
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Canada
03/18/2023 05:52 PM
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Re: We need to cut back medicare and social security from retired boomers
...


Glad your generation took all the jabs.
 Quoting: Anonymous Coward 69539356

It's not like you know how to do anything worthwhile right?
 Quoting: Anonymous Coward 69539356

I'm sure you own an xbox or alexa though right?
 Quoting: Anonymous Coward 69539356

While asking your parents to help you our with that car payment you wouldn't need if you lived near your job. Like they did.
 Quoting: Anonymous Coward 69539356

The sad part is you won't live as long as the boomers. Government has now decided with insurance and health industry lobbyists the perfect die age to reduce all costs overall.
Anonymous Coward
User ID: 69539356
Canada
03/18/2023 05:56 PM
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Re: We need to cut back medicare and social security from retired boomers


...


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?
 Quoting: Weisshaupt

The answer is one you know. A moral society doesn't forget to take care of those less fortunate in luck than others just because there might be losses not replaced.
Anonymous Coward
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Canada
03/18/2023 05:56 PM
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Re: We need to cut back medicare and social security from retired boomers


...


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?
 Quoting: Weisshaupt

The answer is one you know. A moral society doesn't forget to take care of those less fortunate in luck than others just because there might be losses not replaced.
 Quoting: Confederate Soldier


This used to be a value in communities and countries.
Anonymous Coward
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Canada
03/18/2023 05:58 PM
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Re: We need to cut back medicare and social security from retired boomers


...

The answer is one you know. A moral society doesn't forget to take care of those less fortunate in luck than others just because there might be losses not replaced.
 Quoting: Confederate Soldier


This used to be a value in communities and countries.
 Quoting: ondrunn


Granted, there is way more unaccounted for funds being dispersed without oversight right now... but the premise remains true.
Anonymous Coward
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Canada
03/18/2023 05:59 PM
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Re: We need to cut back medicare and social security from retired boomers


...


This used to be a value in communities and countries.
 Quoting: ondrunn


Granted, there is way more unaccounted for funds being dispersed without oversight right now... but the premise remains true.
 Quoting: Anonymous Coward 69539356


No worried though you youngins... I'm sure MAIDS in Canada will be here too.
Anonymous Coward
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Canada
03/18/2023 06:06 PM
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Re: We need to cut back medicare and social security from retired boomers


...


Granted, there is way more unaccounted for funds being dispersed without oversight right now... but the premise remains true.
 Quoting: Anonymous Coward 69539356


No worried though you youngins... I'm sure MAIDS in Canada will be here too.
 Quoting: Anonymous Coward 69539356


You'll miss the old cunts when you can't get out of bed to find a job because they aren't there anymore to wake your ass up.
Anonymous Coward
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Canada
03/18/2023 06:18 PM
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Re: We need to cut back medicare and social security from retired boomers
...


Yeah and all of them are dying boohoomers.
They hate everybody even themselves
 Quoting: Anonymous Coward 73873862


All I gotta say is thank fuck for Father death
It's ripe for the picking
 Quoting: Anonymous Coward 73873862


for you maybe.
 Quoting: Anonymous Coward 69539356


Cope harder boy. Your time is over
 Quoting: Anonymous Coward 73873862


Not likely. Mostly young people took this death jab. It will be grandparents raising the kids for the next 20 years. Funny as it's been that way for a few years before Covid too.
Anonymous Coward
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Canada
03/18/2023 06:19 PM
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Re: We need to cut back medicare and social security from retired boomers
...


All I gotta say is thank fuck for Father death
It's ripe for the picking
 Quoting: Anonymous Coward 73873862


for you maybe.
 Quoting: Anonymous Coward 69539356


Cope harder boy. Your time is over
 Quoting: Anonymous Coward 73873862


Not likely. Mostly young people took this death jab. It will be grandparents raising the kids for the next 20 years. Funny as it's been that way for a few years before Covid too.
 Quoting: Anonymous Coward 69539356


Just can't say no to a quick fix an keep working like your elders.
Weisshaupt

User ID: 80494230
United States
03/18/2023 06:25 PM
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Re: We need to cut back medicare and social security from retired boomers


...


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?
 Quoting: Weisshaupt

The answer is one you know. A moral society doesn't forget to take care of those less fortunate in luck than others just because there might be losses not replaced.
 Quoting: Confederate Soldier

A moral society doesn't steal from others or use force to accomplish this.

Last Edited by Weisshaupt on 03/18/2023 06:29 PM
Weisshaupt

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03/18/2023 06:28 PM
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Re: We need to cut back medicare and social security from retired boomers
...


The sheer size of the generation made them politically powerful. They did nothing to stop or overturn anything - knowing full well that the younger generations following them would be denied those benefits after they had them safely in hand and suffer though a complete collapse. Selfish generation who never cared what happened to their kids and grandkids and that is how history will remember them
 Quoting: Weisshaupt


The last time Congress and President worked together to fix Social Security.

I don’t see a single boomer up there…the oldest were just turning 37 in 1983.

Enjoy and learn your history


 Quoting: Anonymous Coward 85459804


Precisely my point - The boomers did NOTHING about it . Just accepted thier kids would be screwed by the system and they would be the last generation of Americans to ever "retire" with benefits. Everyone after GEN X has to pay for the boomers retirement though SS taxes and regular taxation on the government bonds SS funds were invested in AND save for thier own retirements. Boomers knew this and DID NOTHING about it for the last 4 decades.
 Quoting: Weisshaupt


Well then let’s cut back to 75 cents on the dollar as anticipated around 2034 and make it a sheer pay as you go system. That can be the new base that Reagan is talking about here in 1983. That base is still something. People do need some kind of supplement in retirement and the payroll tax guarantees something there for them. Just leave it as it is with no changes to the SS Act and reduce the benefits as provided by the law. Problem solved.
 Quoting: Anonymous Coward 85459804


Stop forcing peolpe to participate. Problem solved. I have already paid in far for than I will ever get - so you can take your pay as you go and shove it. I'll take my own money and pay for my own retirement. You can't - I don't care- thief.

Last Edited by Weisshaupt on 03/18/2023 06:28 PM
Anonymous Coward
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Canada
03/18/2023 06:28 PM
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Re: We need to cut back medicare and social security from retired boomers
People don't understand the problem with social security.

Remember back in Bill Clinton Presidency. when he and Newt Gingrich "reformed welfare"---that was a lying politician sleight of hand. Essentially they did not "reform" welfare--they changed SS eligibility laws to allow people kicked offf welfare to be on Social Security.

Millions of people who never or short time paid IN to SS are receiving full SS benefits.
 Quoting: Anonymous Coward 76546004


Disabilities rule the roost.
Anonymous Coward
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Canada
03/18/2023 06:30 PM
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Re: We need to cut back medicare and social security from retired boomers
Socialist security is a scam and someone is gonna be without a chair when the music stops. Greedy boohoomers never even think about where the money comes from when the benefits run beyond what they paid in...
 Quoting: Anonymous Coward 80496904


Don't confuse the tax payers with the politicians.
ondrunn

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United States
03/18/2023 06:39 PM
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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


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.
 Quoting: Anonymous Coward 80529282


Guess you were stupid to pay in,Ukraine
 Quoting: ondrunn


But they won’t make you an offer…it’s always been a pay forward program. All sales are final. No refunds allowed.
 Quoting: Anonymous Coward 85459804


I know, excuse my sarcasm





GLP