Are you a Boomer? Congratulations, You Won the Economy!

[leftwinger]

WATCH: Wild Police Bodycam Footage Shows "Super Drunk" and Belligerent Federal Judge Slurring His Words After He Crashes His Cadillac | The Gateway Pundit | by Cristina Laila

72-year-old US District Judge Thomas Ludington, a George W.

www.thegatewaypundit.com

Is this a boomer? Last OCT. He's still on the bench. Guess he's pulling rehab shenanigans? Big high number I think I saw 0.27. That's up there with your wrong way SUN morning MexiCANS.


Boomers gotta Boom Boom.

 

[Nostra]

You are accepting my handouts. Grifter.

More lies you can’t back up.

 

[Nostra]

How much? Give is some numbers:

The top 1% should pay _____% of the total income taxes.

The top 10% should pay _____% of the total income taxes.

The top 50 should pay _____% of the total income taxes.

Nothing from citygator

I guess all he has is whining and crying like a little ***** about those who are more successful.

Really doesn't have a plan to pay the debt by taxing the evil rich.

Oh well, another brainless Dimwinger idiot who does nothing but spew empty talking point lunacy he is fed by his handlers.

 

[Mikeoxenormous]

Congrats Boomers! You win. You have accumulated more stuff than anyone AND you have set up more government perks than anyone according to a new Wall Street Journal article.

Today’s Boomers have tilted the economy towards themselves and saddled younger generations with their debt and payouts and the cost is swallowing the budget.

https://www.wsj.com/economy/over-65-congratulations-you-own-the-economy-5acea4c4?mod=hp_lead_pos8

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As of the third quarter of last year, people 70 and over controlled roughly 39% of all equities and mutual funds owned by households, compared with 22% in 2007, according to Federal Reserve data. Their share of net worth—assets minus debts—was 32%, up from 20% two decades earlier.

This is good news: there has never been a better time in America to be old. Yet it also exposes our disjointed national priorities. We keep pouring resources into making the elderly comfortable and happy when the economy’s pressure points lie elsewhere.

The elderly are mostly out of the job market and thus need not worry about being replaced by artificial intelligence. The majority own their homes, often debt-free. Everyone worries about health costs, but the elderly have publicly funded Medicare. None of this is true for the younger generations.

The cost is swallowing the budget. Federal spending on elderly programs has risen from 6.9% of gross domestic product in 2007 to 9.4% last year and will reach 11.3% in a decade, the Congressional Budget Office projects.

That is where the real threat to intergenerational harmony lies. Elderly programs, plus interest, are the primary driver of the gaping budget deficit. By 2032, Social Security will no longer be able to pay full benefits. Fixing the deficit and Social Security requires some combination of higher taxes or lower future benefits, both of which will largely spare today’s elderly. If you think the young are anxious now, just wait.

View attachment 1220612View attachment 1220614

Idiots like you have done the harm to future generations by having Democrats steal US taxpayer funds, and then funnels it to illegal immigrant Somalis in Minn, making them instant millionaires while working taxpayers are struggling pay check to pay check. You really are a twit when it comes to this country. But then again, i expect nothing else from such a low IQ individual like yourself.

 

[Mikeoxenormous]

Why am I paying your social security while you leave me a bill to pay? You deadbeats think illegals are draining our money but... Hell no. ITS YOU, Boomer.

If you fuckers would stop killing off future generations of Social Security donators, then there wouldnt be such a problem. Also why is it Social Security always seems to run out of money, but welfare never does? Democrats, that what.

 

[citygator]

Nothing from citygator

I guess all he has is whining and crying like a little ***** about those who are more successful.

Really doesn't have a plan to pay the debt by taxing the evil rich.

Oh well, another brainless Dimwinger idiot who does nothing but spew empty talking point lunacy he is fed by his handlers.

I worked late last night. We are slipping in as much imports into the country tariff free in the days that it takes for customs to drop the old tariffs and post the new ones. Its a nice little loop hole in the process. Sadly we only have a few million at the port right now that will benefit us.

What is your question? Something about taxes?

 

[citygator]

Idiots like you have done the harm to future generations by having Democrats steal US taxpayer funds, and then funnels it to illegal immigrant Somalis in Minn, making them instant millionaires while working taxpayers are struggling pay check to pay check. You really are a twit when it comes to this country. But then again, i expect nothing else from such a low IQ individual like yourself.

Mike, I have 3 degrees from 2 of the finest institutions in the country and am a C-suite exec for a multibillion corp. You dragged your knuckles at a blue collar job your whole life and are now a blood sucking SS drain. I welcome your support of the GOP which screws people like yourself and benefits me. I appreciate your service. The fact that the GOP can scare you into doing this is a total miracle for my wealth build. Thanks again.

 

[BlindBoo]

If they're spending it to run the government it sure as hell does.

That's our government running up the debt by spending on things not associated with paying out benefits from the fund. That they borrowed from the fund means very little unless we default on our debt someday. Someone would have bought the Treasuries if the SS fund didn't. The reason the SS fund has a surplus is because of the years the boomers paid into the fund.

 

[Nostra]

I worked late last night. We are slipping in as much imports into the country tariff free in the days that it takes for customs to drop the old tariffs and post the new ones. Its a nice little loop hole in the process. Sadly we only have a few million at the port right now that will benefit us.

What is your question? Something about taxes?

Another pathetic dodge.

citygator has nothing yet again. All talk.

 

[Hafar1014]

When the surplus is exhausted and they sell or redeem all the bonds they purchased to pay citizens what they are entitled too, the benefits will be reduced to the continuing taxes paid into the fund. Unless the law is changed the SS fund will never deficit spend on benefits. Full stop, roll credits......

SS is a ponzi and will always go broke. We have to make pensions 100% private

 

[Hafar1014]

That has zero net effect on the governments debt.

It does because SS must by treasuries which are debt

 

[WorldWatcher]

SS is a ponzi and will always go broke. We have to make pensions 100% private

I’m cool with that.

What is the transition plan for the change over that accounts for different the groups?

Grandfathered?

End SS collections and pay no more benefits immediately?

Phased transition?

If phased, what is your plan to divert money from SS into private accounts yet still fund benefits for existing and near term retirees? (Measured in decades.)

WW

 

[Hafar1014]

I’m cool with that.

What is the transition plan for the change over that accounts for different the groups?

Grandfathered?

End SS collections and pay no more benefits immediately?

Phased transition?

If phased, what is your plan to divert money from SS into private accounts yet still fund benefits for existing and near term retirees? (Measured in decades.)

WW

Pass a law requiring every person set aside a minimum 10% or more from every check to a retirement account. The employers match is given to the worker as a raise. Everyone from age 40 up remains on SS and its paid out of the general fund. As retirees die that expense goes down and the private pensions replace them.
The economy thrives because the FICA tax is regressive and stops. Workers geta 7% raise. People will have far more money at retirement and they will own the equity to give to their children

 

[kyzr]

Mike, I have 3 degrees from 2 of the finest institutions in the country and am a C-suite exec for a multibillion corp. You dragged your knuckles at a blue collar job your whole life and are now a blood sucking SS drain. I welcome your support of the GOP which screws people like yourself and benefits me. I appreciate your service. The fact that the GOP can scare you into doing this is a total miracle for my wealth build. Thanks again.

So lets look at the actual Trump policies you won't discuss:
Got China out of Panama
Getting Iran to give up nuclear weapons and missile development?
Getting China and Russia out of VZ?
Getting Cuba away from communism and Russia?
Peace in Gaza and rebuilding without Hamas?
Getting more access to Greenland?
Getting the EU countries to spend 5% on their militaries?
Getting EU countries to support Ukraine?
Getting fair trade agreements and using tariffs to promote foreign policy?
Saving about 200,000 US lives from drug overdose deaths.
Saving $billions of “waste & fraud” in the US government: USAID, DOGE, and the Dept of Ed.
Getting US drug prices to match the lowest in the world
Saving families money on taxes with no tax on tips, on SS or on OT
Deporting millions of illegals, lowering demand and prices for food, housing, and other items
Getting $18T in new CAPEX spending by foreign corporations on new US plants

Then look at the policies the democrats promote:
From their MSM propaganda networks and hi-tech oligarchs buying elections
To their support of the “global intifada”.
to the FBI orchestrating cover ups and fake Russian disinformation claims
to their university leftist programming centers supporting Communist China
to their CRT propaganda teachings in schools
to their "deep state" hold on the government
to their creeping attacks on family values & religious beliefs
to their lawless prosecutors
to their drug culture
to their "great replacement" operation
to their grip on school boards, calling parents “domestic terrorists”
to their tranny bullshit getting little kids butchered
to their warped views of the US military
to their vicious attacks on parental rights
to their voter fraud networks
to their hatred of religions, calling Catholics “domestic terrorists”
to their war on Christmas
to their hatred of the Founding Fathers
to their fake history and racism
to their drag shows in grade schools
to their late term abortions
To the FBI (Waffen SS) spying on Catholics
to their hatred of Patriotism, the American flag, and THE 4TH OF JULY
to the Marxists pushing for the US military to use EV vehicles
to their “gender equity” nonsense

 

[Hafar1014]

So lets look at the actual Trump policies you won't discuss:
Got China out of Panama
Getting Iran to give up nuclear weapons and missile development?
Getting China and Russia out of VZ?
Getting Cuba away from communism and Russia?
Peace in Gaza and rebuilding without Hamas?
Getting more access to Greenland?
Getting the EU countries to spend 5% on their militaries?
Getting EU countries to support Ukraine?
Getting fair trade agreements and using tariffs to promote foreign policy?
Saving about 200,000 US lives from drug overdose deaths.
Saving $billions of “waste & fraud” in the US government: USAID, DOGE, and the Dept of Ed.
Getting US drug prices to match the lowest in the world
Saving families money on taxes with no tax on tips, on SS or on OT
Deporting millions of illegals, lowering demand and prices for food, housing, and other items
Getting $18T in new CAPEX spending by foreign corporations on new US plants

Then look at the policies the democrats promote:
From their MSM propaganda networks and hi-tech oligarchs buying elections
To their support of the “global intifada”.
to the FBI orchestrating cover ups and fake Russian disinformation claims
to their university leftist programming centers supporting Communist China
to their CRT propaganda teachings in schools
to their "deep state" hold on the government
to their creeping attacks on family values & religious beliefs
to their lawless prosecutors
to their drug culture
to their "great replacement" operation
to their grip on school boards, calling parents “domestic terrorists”
to their tranny bullshit getting little kids butchered
to their warped views of the US military
to their vicious attacks on parental rights
to their voter fraud networks
to their hatred of religions, calling Catholics “domestic terrorists”
to their war on Christmas
to their hatred of the Founding Fathers
to their fake history and racism
to their drag shows in grade schools
to their late term abortions
To the FBI (Waffen SS) spying on Catholics
to their hatred of Patriotism, the American flag, and THE 4TH OF JULY
to the Marxists pushing for the US military to use EV vehicles
to their “gender equity” nonsense

City gator has 3 degrees Lesbian Dance Theory Black studies The success of Marxism all from online colleges. He works as barista at Starbucks

 

[WorldWatcher]

Pass a law requiring every person set aside a minimum 10% or more from every check to a retirement account. The employers match is given to the worker as a raise. Everyone from age 40 up remains on SS and its paid out of the general fund. As retirees die that expense goes down and the private pensions replace them.
The economy thrives because the FICA tax is regressive and stops. Workers geta 7% raise. People will have far more money at retirement and they will own the equity to give to their children

Sincerely, thank you very much.

Now let's take a look at the plan.

Current SS expendatures are about $1.48 TRILLION (and that will grow over the next decade as more boomers retire) dollars per year which is funded by FICA and the Trust Fund. You are seriously going to end SS FICA deductions and add $15 TRILLION to the budget over 10 years. I'm at the tail end of the Boomers and have another 20 good years in retirement. We are talking DECADES (4-5) of individuals funding their own account, no revenue for SS and it being funded by taxes via the General Fund.

Not a fiscally or politically viable option. IMHO

There is no band aid, or "bumper sticker" solution to the problem. I support moving to individual accounts, the problem will ALWAYS be the funding of the transition. I'm sorry, but your idea (which again is appreciated) adds 10's of TRILLIONS of dollars for each decade to the General Fund budget.

WW

 

[IDIOCRACY]

We boomers were mowing lawns, delivering papers and washing dishes to buy our cars and pay for our own insurance, while those after us were concerned with their next cup of Starbucks.

 

[WorldWatcher]

We boomers were mowing lawns, delivering papers and washing dishes to buy our cars and pay for our own insurance, while those after us were concerned with their next cup of Starbucks.

Boy does that bring up some memories.

In the 70's I was probably one of the last of a dying breed in our small town. A teenage paper boy. 7 days a week up well before dawn to deliver my route and be home by 7'ish to cleanup, grab a bite and head off to school.

About that time they began switching over to adults with cars that could handle much larger areas. They didn't put them on the pourch like I did, it was dropped on the ground or you had to install a receptical under the mail box.

WW

 

[IDIOCRACY]

Boy does that bring up some memories.

In the 70's I was probably one of the last of a dying breed in our small town. A teenage paper boy. 7 days a week up well before dawn to deliver my route and be home by 7'ish to cleanup, grab a bite and head off to school.

About that time they began switching over to adults with cars that could handle much larger areas. They didn't put them on the pourch like I did, it was dropped on the ground or you had to install a receptical under the mail box.

WW

Bingo. I had morning and afternoon routes. Morning routes were especially fun during the winter. Dark and nobody was awake save some elderly folk. I remember insisting on riding my bike once or twice in the snow, only to drag it home☺ "So much for the bike, looks like I'm walking today"...

Then we got to collect once a month. Sometimes I'd get tips in the form of brownies etc.

 

[kyzr]

Current SS expenditures are about $1.48 TRILLION (and that will grow over the next decade as more boomers retire) dollars per year which is funded by FICA and the Trust Fund. You are seriously going to end SS FICA deductions and add $15 TRILLION to the budget over 10 years. I'm at the tail end of the Boomers and have another 20 good years in retirement. We are talking DECADES (4-5) of individuals funding their own account, no revenue for SS and it being funded by taxes via the General Fund. Not a fiscally or politically viable option. IMHO

Agreed. The only way to fix SS is to fix SS.

There is no band aid, or "bumper sticker" solution to the problem. I support moving to individual accounts, the problem will ALWAYS be the funding of the transition. I'm sorry, but your idea (which again is appreciated) adds 10's of TRILLIONS of dollars for each decade to the General Fund budget. WW

Now is the time to take a serious look at fixing SS. There are a few options to consider.
1. Fix SS as has been done in the past every so often.

Here's What Experts Say It Will Take to Fix Social Security | The Motley Fool

Here's What Experts Say It Will Take to Fix Social Security

www.fool.com

2. Take a look at slowing demographics and AI and do a major redesign of SS.

3. No action means retirees get about 80% of promised benefits.
Money out equals money in, a government "default", not recommended.