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Thread: Aging America heading for disaster

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    Re: Aging America heading for disaster

    Quote Originally Posted by SBu View Post
    I don't think anyone is blaming old people. It is a fact that we will have to live with. Blaming will get us no where.

    Regarding SS in it's current form and in our current state, it is a Ponzi scheme. It was conceived under honorable intentions, but has become bloated and unsustainable. We can't continue to perpetuate a system while putting our hands over our ears and screaming denying what is the unavoidable truth. Huge expansive social welfare programs hurt economy, only help a few generations before they eat themselves alive, and aren't flexible enough to deal with crises. For this reason, social welfare programs need to be extremely limited and ineligible for expansion. This creates predictability and sustainability while accomplishing the most basic of goals which is to keep people from dying on the streets NOT to provide people with comfortable retirement.
    I guess that I misspoke. I agree that SS is a Ponzi scheme. I just wish that it wasn't. The idealist in me thinks that maybe there was a way to make it like an insurance/annuity fund and spread out risk and still fulfill some need to help the elderly but we didn't do that.

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    Re: Aging America heading for disaster

    Quote Originally Posted by Eric7216 View Post
    I guess that I misspoke. I agree that SS is a Ponzi scheme. I just wish that it wasn't. The idealist in me thinks that maybe there was a way to make it like an insurance/annuity fund and spread out risk and still fulfill some need to help the elderly but we didn't do that.
    It can happen. The main roadblock is that politicians push programs that sound good instead of pushing programs that ARE good. They have figured out that people will mostly overwhelmingly support things that are in Their personal best interest instead of the best interest of society. One of the reasons why we have representative democracy instead of direct democracy is partly because direct democracy is operationally difficult, but also it is intended for relative elites to do what is in the interest of the country instead of what is in the interest of the present time majority (age, ethnicity, ideology, etc.). Unfortunately this system has broken down somewhat.

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    Re: Aging America heading for disaster

    Quote Originally Posted by joko104 View Post
    That attitude in your message is why I believe the USA will continue to see rapidly increasing decline in the value of the dollar - and overall increasingly serious decline in the economy. The view that everything really is about who can make the best political speech.

    The aging of Americans is a serious problem and one that will grow. People now are on benefits for over 2 decades on average. They do not produce, only consume, but not as products consumers - service consumers. I started thread on this topic a few days ago. Between those who are seniors drawing benefits, those living on government benefits otherwise, and those employed by government, the country is rapidly acceleration to the point that every working person will have to totally pay for someone else too. And that someone else will cost more than they themselves cost.

    But instead people will just keep making political speeches raging about some evil "them." This is my response to the DNC's talking points.
    All they do is consume, not produce, huh? How about all the infrastructure, technology and wealth they pass on for free to their unappreciative brats? If we burned up all the resources we leave behind, this next generation would be back to caveman days.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Aging America heading for disaster

    Quote Originally Posted by grip View Post
    Aging America heading for disaster | New York Post



    Now the economic downturn is caused by old people? I guess it had nothing to do with the housing boom/mortgage crisis and "debt bubble"? Sure the older population are more financially responsible with their income, because they don't have the ability to earn it anymore.

    I'd look to other causes like banks, corporations, immigration and the government.
    The average person, simply can't spend what they're not making.



    Don't tell some people with credit cards that.




    BTW: How does the U.S. government manage to spend so much more money than it actually has every year? Explain that, if you can.

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    Re: Aging America heading for disaster

    Quote Originally Posted by shrubnose View Post
    Don't tell some people with credit cards that.




    BTW: How does the U.S. government manage to spend so much more money than it actually has every year? Explain that, if you can.

    The U.S. gov can spend more because they have a money tree.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Aging America heading for disaster

    Quote Originally Posted by Ockham View Post
    I don't read this as having to do with old people --- old people are the same no matter where you go. It's that we don't have a resurgence of population in the post baby boom years. The birth rate per 1,000 seemed to have peaked in the 20th century early on, in the 1940-1961 boomer years it was relatively high but has been slowly dropping. The high amount of boomers, their life expectancy of living longer, and the lowering number of births since then all sort of contribute. Do I think the OP has a valid point? Yeah... but it's not the boomers fault they were born then or living so long. I certainly do not see a resurgence of 5% growth like the 1980's or 1990's. Those days I think are well past us and yes, to a lesser extent we will see a economic decline like Japan though I think the U.S. economy can absorb some of the sharp edges if our lawmakers and politicians don't bone us unexpectedly.

    http://www.infoplease.com/ipa/A0005067.html
    Boomers are from 1946 to 1964. So their first official year of retirement was 2011.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Aging America heading for disaster

    Quote Originally Posted by grip View Post
    The U.S. gov can spend more because they have a money tree. ;
    )



    Maybe all of us old people (I'm 70+) should plant one of those.

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    Re: Aging America heading for disaster

    The problem is that productive, educated married couples are having fewer kids to raise to be educated and productive; meanwhile, poorly educated and highly government-dependent people are multiplying like mosquitoes outside of traditional family structure, and they are producing no taxable income.

    The result is, only 47 percent of Americans work, and far less pay significant taxes. When the top 25 percent of Americans pay almost 90 percent of the taxes, it just doesn't work. One person can't pay the taxes for four people and take care of their own family to boot.

    And now we're considering granting amnesty to a huge swath of illegals. That certainly won't help the situation at all.

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    Re: Aging America heading for disaster

    Quote Originally Posted by shrubnose View Post
    Maybe all of us old people (I'm 70+) should plant one of those.

    What these younger idiots don't realize, is that the policies and attitudes towards the elderly that they emplace now, will bite them in the ass in 20+ years. The dumb, arrogant ****s don't think they'll age or be affected.
    Einstein, "science without religion is lame, religion without science is blind."

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    Re: Aging America heading for disaster

    Quote Originally Posted by grip View Post
    What these younger idiots don't realize, is that the policies and attitudes towards the elderly that they emplace now, will bite them in the ass in 20+ years.
    The dumb, arrogant ****s don't think they'll age or be affected.



    That's the truth,for sure. What they don't realize is that when they look at us they are seeing themselves in the future.

    No one on this planet ever has, or ever will, escaped old age and death.

    Eventually their day will come.

    And I'm not wishing any bad luck on them, just stating a fact.

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