Social Security
In which I get double mileage out of one rant.
This post originated as a comment I made on someone else's blog. It was in response to his occasional whining about how Baby Boomers are trying to steal his Social Security income. Since he is only thirty years old I think he could find some more immediate worry, but that's blogging.
Anyway, after I posted my comment, I read it and enjoyed it so much I thought I'd put it here, too, because I want to put something here today but I'm busy baking persimmon bread. The post, with minor edits:
You should relax about Social Security. Nobody would be more at risk in this regard than the baby boom generation, if there were a "Social Security Crisis," which there is not. The system needs a minor tweak, perhaps the funding of one less high-tech bomber per year, but the current crop of "leaders" wants to dismantle our system of a low-yield but secure federally managed plan and replace it with a scheme to shift the retirement savings of the nation into -- surprise! -- the pockets of investment bankers and CEO's, with the caveat that if you happen to invest in, say, an Enron or an MCI, you can kiss your life savings goodbye, but you should starve happy because you had the opportunity to act as a rugged individual. To get guys like me to shut up and let it happen, they propose to spend 2 TRILLION dollars (your kids will pick up the tab, OK?) to fund the transition.
The good news is that inevitably even the Christian Right will wake up and start to object to this kind of foolish spending. The bad news is that the beneficiaries of this scam will be isolated in walled and guarded cities by then. OK, not really, but their money (which used to be ours) will make them untouchable.
Your enemies are not hippies or boomers, who have been paying for fifty years to keep Social Security afloat. Your enemies are your elected officials.
Happy New Year to all. Thanks for checking in.
This post originated as a comment I made on someone else's blog. It was in response to his occasional whining about how Baby Boomers are trying to steal his Social Security income. Since he is only thirty years old I think he could find some more immediate worry, but that's blogging.
Anyway, after I posted my comment, I read it and enjoyed it so much I thought I'd put it here, too, because I want to put something here today but I'm busy baking persimmon bread. The post, with minor edits:
You should relax about Social Security. Nobody would be more at risk in this regard than the baby boom generation, if there were a "Social Security Crisis," which there is not. The system needs a minor tweak, perhaps the funding of one less high-tech bomber per year, but the current crop of "leaders" wants to dismantle our system of a low-yield but secure federally managed plan and replace it with a scheme to shift the retirement savings of the nation into -- surprise! -- the pockets of investment bankers and CEO's, with the caveat that if you happen to invest in, say, an Enron or an MCI, you can kiss your life savings goodbye, but you should starve happy because you had the opportunity to act as a rugged individual. To get guys like me to shut up and let it happen, they propose to spend 2 TRILLION dollars (your kids will pick up the tab, OK?) to fund the transition.
The good news is that inevitably even the Christian Right will wake up and start to object to this kind of foolish spending. The bad news is that the beneficiaries of this scam will be isolated in walled and guarded cities by then. OK, not really, but their money (which used to be ours) will make them untouchable.
Your enemies are not hippies or boomers, who have been paying for fifty years to keep Social Security afloat. Your enemies are your elected officials.
Happy New Year to all. Thanks for checking in.
posted by Larry Jones at 11:52 AM
5 Comments:
L,
a relief...honestly...
hope this finds you well...
j
Glad to hear from you, Eric. I am well, cheerfully looking forward to '05. I hope your own recovery is/has been speedy.
Unfortunately, it will almost certainly be changed, I'm sure... there's far too much $$ changing hands for it NOT to happen.
It can stand to be changed -- I'm not against change. But there may be enough resistance to stop the administration from turning it into the laissez faire investor's paradise they hope for. I'm a baby boomer who has worked and paid in to the system since I was 16, and I don't understand how this guy I referred to in my post doesn't see that I'm not working against him. He is otherwise pretty smart, which means the administration's fear-mongering (again!) over the impending "social security crisis" must be working. Yikes!
I think I should take myself more seriously.
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