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when do baby boomers start being eligible for social security?
Quote from: michigancat on December 10, 2012, 03:34:52 PMwhen do baby boomers start being eligible for social security?Maybe this year?
Double at those who just ignore things like the labor participation numbers.For Obamabots that statistical category is a game changer, because it keeps their guy from looking absolutely abysmal.
Only a moron (by definition includes all obama supporters) could look at this and not see a problem.Derrrrrr, the denominator has no effect on the product, duurrrrrrr
Quote from: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on December 11, 2012, 04:50:34 PMOnly a moron (by definition includes all obama supporters) could look at this and not see a problem.Derrrrrr, the denominator has no effect on the product, duurrrrrrrIt's hard to see a problem when the y-axis is not labeled.
Quote from: Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!) on December 11, 2012, 04:50:34 PMOnly a moron (by definition includes all obama supporters) could look at this and not see a problem.Derrrrrr, the denominator has no effect on the product, duurrrrrrrSo labor participation has dropped less than 4 percentage points as the largest demographic in the nation reached retirement age, we're in the midst of a technology revolution that has greatly increased productivity and population growth overall is slowing?
If baby boomers represent about 25% of the population, they have a 19 year age spread, and the average life span is about 80 years, it would seem the country has pretty much outgrown the boomers. It would be completely irrelevant if social security didn't run like a ponzi scheme and governments didn't make ridiculous assumptions pertaining to population and economic growth.
Quote from: john "teach me how to" dougie on December 12, 2012, 06:43:15 PMIf baby boomers represent about 25% of the population, they have a 19 year age spread, and the average life span is about 80 years, it would seem the country has pretty much outgrown the boomers. It would be completely irrelevant if social security didn't run like a ponzi scheme and governments didn't make ridiculous assumptions pertaining to population and economic growth. It is hilarious how dumb you are. Thanks for posting a graph to back up my point.
... if social security didn't run like a ponzi scheme and governments didn't make ridiculous assumptions pertaining to population and economic growth.
MR. GORE: And here's what I would do, here's my plan. I will keep Social Security in a lockbox, and that pays down the national debt and the interest savings I would put right back into Social Security. That extends the life of Social Security for 55 years.[...] You know, Social Security is a trust fund that pays the checks this year with the money that's paid into Social Security this year. The governor wants to divert one out of every six dollars off into the stock market, which means that he would drain a trillion dollars out of the Social Security trust fund over the, in this generation, over the next 10 years, and Social Security under that approach would go bankrupt within this generation. His leading adviser on this plan actually said that would be O.K. because then the Social Security trust fund could start borrowing. It would borrow up to $3 trillion. Now, Social Security has never done that, and I don't think it should do that. I think it should stay in a lockbox, and I'll tell you this, I will veto anything that takes money out of Social Security for privatization or anything else, other than Social Security.[...]MR. BUSH: No. There's enough money to pay seniors today and the current affairs of Social Security. The trillion comes from the surplus. Surplus is more -- is money, more money than needed.
Quote from: john "teach me how to" dougie on December 12, 2012, 06:43:15 PM... if social security didn't run like a ponzi scheme and governments didn't make ridiculous assumptions pertaining to population and economic growth. One of my biggest regrets about Bush being elected... QuoteMR. GORE: And here's what I would do, here's my plan. I will keep Social Security in a lockbox, and that pays down the national debt and the interest savings I would put right back into Social Security. That extends the life of Social Security for 55 years.[...] You know, Social Security is a trust fund that pays the checks this year with the money that's paid into Social Security this year. The governor wants to divert one out of every six dollars off into the stock market, which means that he would drain a trillion dollars out of the Social Security trust fund over the, in this generation, over the next 10 years, and Social Security under that approach would go bankrupt within this generation. His leading adviser on this plan actually said that would be O.K. because then the Social Security trust fund could start borrowing. It would borrow up to $3 trillion. Now, Social Security has never done that, and I don't think it should do that. I think it should stay in a lockbox, and I'll tell you this, I will veto anything that takes money out of Social Security for privatization or anything else, other than Social Security.[...]MR. BUSH: No. There's enough money to pay seniors today and the current affairs of Social Security. The trillion comes from the surplus. Surplus is more -- is money, more money than needed.Then Bush did what he said he would, and gave it all away in tax cuts...