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Reply #62: We are on the tail end of the BB generation and shortly after [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
slipslidingaway Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-01-07 10:03 PM
Response to Reply #44
62. We are on the tail end of the BB generation and shortly after
beginning our careers we were told that SS was in trouble, short and long term, and would not be around when it came time to retire, unless we paid substantially more to build up a trust fund.

That we did and the surplus created is almost Two Trillion dollars according to the SS site.

Now once again we hear that SS is in trouble because of all the BB's, we knew this back in the early 80's and paid extra to make sure there would be enough money in the system. What happened to the trust fund? Bush now calls the notes nothing but pieces of paper and scares the next generation into believing that we have not paid enough.

If you want to point to people robbing their children blind as far as SS is concerened it might be more accurate to point to the generation before us, my parents and aunt and uncles who are still collecting. Even then, and at least among my family, they have all helped their children because they are collecting SS in addition to their pensions.

Pointing the finger at any particular generation is wrong IMO when we should be pointing the finger at our government officials who have transferred wealth from the poor and middle class to the wealthy.
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