From 2013 through 2030, 75 million baby boomers will do this

From 2013 through 2030, 75 million baby boomers will do this

PostBy: lsayre On: Sat Dec 22, 2012 8:10 am

They will retire! At the rate of a staggering 12,000 per day (that's 368,000 per month) for 17 straight years they will be retiring to enjoy reaping the benefits of Social Security, Medicare, and Medicaid. Me included, God willing.

With new jobs (most of them at the wage level of a burger flipper, or worse yet, well paying government jobs) happening at about 144,000 per month, just how is this going to work out? How long will the upstarts tolerate being taxed into oblivion for the benefit of us old folks? Of, I forgot, those making less than $50,000 in combined family income pay (on average) a net zero in Federal income taxes. That leaves the rich. Or the printing press....

And what is left once the Dollar has no real value and the rich have been destroyed as a class (or up and left the country, taking their jobs with them)?

PS: Guess what happens when 368,000 people per month retire and 144,000 upstarts find jobs? The percentage of unemployed figure consistently drops monthly, making everything look rosy as all get-out.
lsayre
 
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Re: From 2013 through 2030, 75 million baby boomers will do this

PostBy: SteveZee On: Sat Dec 22, 2012 8:46 am

Yeah Larry, allot of the gov employees are double or even triple dippers too! I have a pal who spent 30yrs in the air force. He was actually a boat guy though doing 3 tours in the nam on riverine patrols. When he got back he ended up running a marina on the Potomac river for the brass's boats. They liked him so much that after he retired, they hired him on a civilian (at an even higher rate) to continue running the same marina. So, he got his military pension, social security, and was being paid a salary to run the marina! Tripple dip, we called him. Don't begrudge the guy one bit but...............
SteveZee
 
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Re: From 2013 through 2030, 75 million baby boomers will do this

PostBy: NoSmoke On: Sat Dec 22, 2012 9:13 am

Don't forget about the effects of abortion.

They call it the population drought. While there are other factors involved then just abortion I admit, but 1 million abortions has a huge effect upon the problem. It takes a birth rate of 2.1 to sustain society, but with more socialism and the need for entitlements, that means more people are needed to fund everything. With people waiting longer to have children, and with people not getting married and just living together, less babies tend to occur so for a variety of reasons, we are now well below that 2.1 rate and it is projected to go deeper once the babies of the baby boomers are gone.

Does this have an effect upon society?

Ask France.

Between their socialism and low birth rate they had to subsidize couples having children, and while it worked, it also caused a greater load upon the system because they were in essence paying money to get money.

Yep, I agree with everything that has already been said, and here is just another gloomy set of figures to those projections.

Hug your children boys...we are going to need them.
NoSmoke
 
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Re: From 2013 through 2030, 75 million baby boomers will do this

PostBy: DieselBob On: Sat Dec 22, 2012 12:23 pm

Looks like a ponzi scheme won't work even when the gueberment runs it. Although they got away with it longer.
DieselBob
 

Re: From 2013 through 2030, 75 million baby boomers will do this

PostBy: samhill On: Sat Dec 22, 2012 1:33 pm

Everyone of those people paid into it while the Gov. used that money instead of raising taxes even more. Who knows maybe that paid for the tax that the 1% then got out of paying, in any event SS is owed several Trillion. That's a paid for entitlement, the money was there instead as a pay as you go like some think. Funny how a paid into entitlement gets attacked but welfare & such gets no attention from the cowardly Congress. That's not even mentioning their entitlements that they pay very little into but get much out of, oh that may be another thing SS helps pay.
samhill
 
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Re: From 2013 through 2030, 75 million baby boomers will do this

PostBy: tsb On: Sun Dec 23, 2012 9:31 am

If you thing France is bad, Russia passed the tipping point years ago.
Japan is screwed as is most of Europe. Grow, stay even or die.
tsb
 
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