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Response to customerserviceguy (Reply #126)

Thu Nov 15, 2012, 10:31 PM

127. You're either a boomer with the largest ego I've ever seen, or you're a really poorly informed

younger guy.

While the boomers are a large cohort, everyone else combined is a much larger cohort. Also, "millennials" outnumber baby boomers and the following generation appears it will be even larger. So if that big generation was so wonderful, Good news! The next one's bigger!

Now that they're expecting to be on the receiving end of Social Security and Medicare, rather than on the paying end of those programs, we're going to see the real crunch coming. If the boomers had reproduced at the rate their parents had, we might have put this off for another generation, but eventually we'd have to see a slowdown in births as the ability of the nation to keep growing would run in to natural limits.

Anti-medicare and anti-social-security people have spent a long time lying with scary sounding numbers. What they're desperate to have you do is not learn about, oh, every other first-world nation.

Somehow, every other first world nation can manage to have retirement programs and universal health care despite the fact that their last few generations have been about the same size.

If you were remotely correct, that would be impossible. Yet it's happening. Will you reject reality, or your erroneous position?

I never called for giving money to rich people.

Actually, you did. You just haven't done enough thinking to realize it.

And I really am not all that comforted that US one percenters hold the debt rather than foreigners. Neither group has the interests of the average American at the top of their agenda.

I'm having trouble believing you are so stupid as to think owning a treasury bond gives you any power over the US government.

Are you going to now claim people are going to "cash in" their bonds? You should probably bother to know enough that there is no mechanism to cash in a T-bill. The government already got the money, and they are only paying back when the bond matures.

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jillan Nov 2012 OP
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customerserviceguy Nov 2012 #82
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customerserviceguy Nov 2012 #126
LineLineLineLineLineLineLineLineReply You're either a boomer with the largest ego I've ever seen, or you're a really poorly informed
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