Great Summary Of The Immoral Generational Theft Currently Occurring

[FaninAma]

http://www.businessinsider.com/stan-druckenmiller-on-generational-theft-2013-9?op=1

[okie52]

The ponzi schemes are coming home to roost.

[yermom]

i'm more worried about the destruction of the middle class and moving jobs overseas

i'm not sure what you think should be done about this without death panels though. what is the solution for an age heavy population?

[okie52]

Not worried about the solvency of SS or Medicare?

Jobs only move overseas if they can be done cheaper or better. But why worry about jobs going overseas when you are willing to give them away right here in america?

One simple solution is to push back benefit dates by 2-3 years, after all, people live a lot longer these days than 70 years ago. Another strategy that may seem actually strange is to not base the solvency of one age group being sustained by having a larger age group behind it.

[SoonerorLater]

Not worried about the solvency of SS or Medicare?

Jobs only move overseas if they can be done cheaper or better. But why worry about jobs going overseas when you are willing to give them away right here in america?

One simple solution is to push back benefit dates by 2-3 years, after all, people live a lot longer these days than 70 years ago. Another strategy that may seem actually strange is to not base the solvency of one age group being sustained by having a larger age group behind it.

Here's the problem with the people live longer argument. Yes people have a longer life expectancy but they really don't have a longer functional working existence. Longevity has been increased by lower infant mortality and the ability of medical science to patch middle age and elderly people up and keep them alive longer, but by-in-large a 65 year old today isn't in any better shape then a 65 year old 50 years ago. They have all the same age related issues, backs, hips, arthritis, etc. How many 70 year old construction workers do you see? Want some 67 year old guy climbing up and working on your roof? It all sounds good but it just doesn't work.

[okie52]

Here's the problem with the people live longer argument. Yes people have a longer life expectancy but they really don't have a longer functional working existence. Longevity has been increased by lower infant mortality and the ability of medical science to patch middle age and elderly people up and keep them alive longer, but by-in-large a 65 year old today isn't in any better shape then a 65 year old 50 years ago. They have all the same age related issues, backs, hips, arthritis, etc. How many 70 year old construction workers do you see? Want some 67 year old guy climbing up and working on your roof? It all sounds good but it just doesn't work.

People do live longer and they therefore consume more SS and Medicare than their predecessors not to mention their benefits have been increased over the past few decades. There are a lot of jobs that are removed from manual labor that old guys like me can work well past the age of 70. BTW, are there many construction and manual laborers past 60? We are only talking a couple of years...besides Walmart is always hiring greeters...

[FirstandGoal]

People do live longer and they therefore consume more SS and Medicare than their predecessors not to mention their benefits have been increased over the past few decades. There are a lot of jobs that are removed from manual labor that old guys like me can work well past the age of 70. BTW, are there many construction and manual laborers past 60? We are only talking a couple of years...besides Walmart is always hiring greeters...

Today I actually had a lady in my pharmacy bitch me out because she was wanting to be counseled on what kinds of groups there were out there to help out lonely senior citizens.
Now granted, I was busier than hell and not in the best of moods to have my work disrupted by something that I thought of as a pretty asinine (and quite frankly non-pharmacy related request) and could have responded in a nicer tone, but for some reason she got real bent out of shape when I suggested Walmart greeter.

I mean, she DID look physically able to do the job and said she was lonely....

[RUSH LIMBAUGH is my clone!]

Today I actually had a lady in my pharmacy bitch me out because she was wanting to be counseled on what kinds of groups there were out there to help out lonely senior citizens.
Now granted, I was busier than hell and not in the best of moods to have my work disrupted by something that I thought of as a pretty asinine (and quite frankly non-pharmacy related request) and could have responded in a nicer tone, but for some reason she got real bent out of shape when I suggested Walmart greeter.

I mean, she DID look physically able to do the job and said she was lonely....yainch was propositioning you, man...and you tell her to go greet at Walmart...the shame!

Who's doing the slipping in his advancing years!

[yermom]

yainch was propositioning you, man...and you tell her to go greet at Walmart...the shame!

Who's doing the slipping in his advancing years!

my vote is Rush. Rush is slipping in his old age.

[okie52]

Today I actually had a lady in my pharmacy bitch me out because she was wanting to be counseled on what kinds of groups there were out there to help out lonely senior citizens.
Now granted, I was busier than hell and not in the best of moods to have my work disrupted by something that I thought of as a pretty asinine (and quite frankly non-pharmacy related request) and could have responded in a nicer tone, but for some reason she got real bent out of shape when I suggested Walmart greeter.

I mean, she DID look physically able to do the job and said she was lonely....

Heh heh....merely a suggestion.

[RUSH LIMBAUGH is my clone!]

my vote is Rush. Rush is slipping in his old age.Stay sweet, honey bunny

[8timechamps]

Today I actually had a lady in my pharmacy bitch me out because she was wanting to be counseled on what kinds of groups there were out there to help out lonely senior citizens.
Now granted, I was busier than hell and not in the best of moods to have my work disrupted by something that I thought of as a pretty asinine (and quite frankly non-pharmacy related request) and could have responded in a nicer tone, but for some reason she got real bent out of shape when I suggested Walmart greeter.

I mean, she DID look physically able to do the job and said she was lonely....

I don't know how you do it. Seriously.

I watch my pharmacist when I go in to pick up prescriptions, and he's a younger guy (Georgia fan...yuck). I've gotten to know him really well, and he's a good kid, but I see these old people come in a go off on him. He's still young, so he just smiles and says "sorry" a lot. Maybe I need to have him attend the FirstandGoal "how to deal with non-pharmacy related questions" seminar.

There are a lot of folks in the baby boomer generation that just feel entitled in general. That could be part of the problem.

The concern with the current SS/Medicare issue is that the system was broken before it ever got to this point. It's like trying to put the toothpaste back in the tube at this point.

[badger]

I have a feeling that the older generation will be expected to continue providing for family, rather than the reverse, which was expected in generations past. The "family home" will be the place of multiple generations once again, but with the oldest generation footing the bills as the younger generations struggle with unemployment and underemployment, stagnant and lower wages, and crippling education and other debts.

So, is it really a problem? Only if younger people want more independence, but they don't want or need that, do they? ;)

[cvsooner]

For some reason, every time I see one of these guys -- in this case, a guy pushing a crisis in hopes of gaining investor dollars for his hedge fund -- I keep hearing Harold Hill from 'The Music Man' -- "Either you are closing your eyes to a situation you do not wish to acknowledge, or you are not aware of the caliber of disaster indicated by the presence of a"....

Oh, the olds and the poors are going to bankrupt us all! They're too old, there are too many of them, and they're all moochers. Theft! Socialism! Communism!

The real tell is the claim that the big problem is healthcare costs...which are too high, admittedly, and real reform of that seems to be out of the question. Try telling a doctor he charges too damn much. That'll go over big. And then the bugaboo--"one factor in high healthcare costs is malpractice insurance."

Give me a break. Insurance for most physicians is one of the smaller categories, especially in states that have enacted "tort reform." Another tell...what a misnomer.

And I can guaran-damn-tee you that Druckenmiller will be the first guy in line to defend the low tax rate on capital gains and investment income when push comes to shove.

[FaninAma]

The percentage of children in poverty has stayed the same since tha late 60's. All of the drop in the poverty rate has been achieved via a reduction in the poverty rate of those over 65 via wealth redistribution. All accumulated debt is a tax on future generations.

If we paid for our spending instead of expecting the young and future generations to pay for it then progressives like CVS might have a point. But we don't so they don't.

[FirstandGoal]

yainch was propositioning you, man...and you tell her to go greet at Walmart...the shame!

Who's doing the slipping in his advancing years!

This made me chuckle.


my vote is Rush. Rush is slipping in his old age.

Heh.

[FaninAma]

i'm more worried about the destruction of the middle class and moving jobs overseas

i'm not sure what you think should be done about this without death panels though. what is the solution for an age heavy population?

You can thank Clinton and the National Chamber of Commerce supported Republicans.