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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDear Young People: Baby Boomers are NOT threatening your future SS benefits
The GOP is.
It wants to destroy Social Security and the entire safety net. To go after Social Security, they have been pitting the generations against each other, working hard to convince young people that the taxes they pay into the system will never come back to them. AND then the GOP, having gained power, takes actions to make sure that young people wont have the benefits todays recipients have and neither will anyone else.
It is true the baby boomer bubble once threatened the solvency of the Social Security system. So Democrats fixed the problem. We raised taxes and set aside enough EXTRA funds in a lock box to get us over the hump of baby boomer recipients. Then George W. Bush came into office and went to war against Iraq. Rather than paying for the war with a war tax as all previous wars had been paid for the GOP voted to STEAL from the dedicated Social Security funds. That is the only reason that the system is threatened with insolvency now.
So, yes, there is a deficit again in the system because the GOP stole funds from Social Security to pay for the Iraq war. But the deficit, once again, is fixable -- if we had a Congress that was dedicated to preserving Social Security for future generations. The solution would be to raise the cap on Social Security income (so people at every income level face the same tax instead of lower income people paying a higher percentage) and/or to extend the tax to unearned income, like dividends. Thats what the Democrats advocate -- and such a plan would provide the funds to ensure that young people would have the same benefits that the Boomers do.
On the other hand, the GOPs plan is to destroy Social Security for future recipients, by limiting it only to lower income seniors i.e., to turn it into a form of welfare. And we know how little support there is for welfare. That would be just the beginning of the end for Social Security.
Please dont be deceived. The GOP is not on your side. Not on Social Security, not on the environment that you will be inheriting, and not on anything else.
flamingdem
(39,308 posts)I wish this could be said in a couple of paragraphs that would be easy to turn into an internet meme!
pnwmom
(108,959 posts)Dear Young People: the GOP stole your future Social Security benefits -- the money in the Social Security trust fund -- and spent it on the Iraq war, instead of using a War Tax to pay for it. Now their solution to the Social Security deficit that they deliberately caused is to lower benefits and limit Social Security to low-income seniors -- to turn it into welfare.
The Democrats' plan is to raise the current Social Security cap so that even the highest earners pay the same Social Security tax you do (currently the wealthy pay at a lower overall rate), and/or to tax unearned income, like stock dividends. That would raise enough money to get us over the Baby Boomer hump and to ensure that you have comparable benefits when you retire.
Young people, the Democrats are on your side. The GOP is on the side of the 1%.
flamingdem
(39,308 posts)Why SS was messed up. The R plan vs D plan. The overall concept regarding GOP greed and motivation.
I don't think this info is out there clearly. The boomers aren't to blame though the repubs like that conflict.
Not sure what you can do with this idea but I'd send it around to representatives for them to use.
pnwmom
(108,959 posts)people talk to their kids about this. They need to understand the history.
whathehell
(29,035 posts)pnwmom
(108,959 posts)charlyvi
(6,537 posts)That alone showed they have nothing but contempt for Social Security.
pnwmom
(108,959 posts)Jacob Boehme
(789 posts)<Snip> The GOP is not on your side. Not on Social Security, not on the environment that you will be inheriting, and not on anything else.
These days, I see the GOP as nothing more than a metastatic malignancy.... ignore them and they'll overtake the host body until it's dead.
Yo_Mama_Been_Loggin
(107,766 posts)dhill926
(16,317 posts)clear and concise. hell, even I understood it...
Orrex
(63,172 posts)An older person complained that her SSI payment only increased $4/month while some other monthly cost rose $6.
A legitimate concern, I grant. However, she explicitly blames Obama for it, and she hopes "that our new President will work fast to correct this."
I verbally laughed in her face and pointed out that the GOP has been stealing from her, and that Trump & the GOP Congress sure as shit won't care about her $4/month. I suggested that she consider this the next time she goes to the polls.
And then I got a "warning" for posting political content.
Bettie
(16,077 posts)when they come to take that away and a little more!
TexasBushwhacker
(20,148 posts)MineralMan
(146,262 posts)tenorly
(2,037 posts)Yes there was a baby boom after 1945; but they forget since 1990 the the number of births each year has been even higher than during the baby boom - around 4 million a year, compared to 3.9 million a year in the 1946-64 period.
They also forget the effects of immigration, which over the last 50 years has added 50 million people.
Consequently, the number of Americans at or near retirement age is, today, not at all disproportionately larger than the number of people of any given age in the younger cohorts (i.e. the number of people age 65, is no larger - and actually smaller - than the number of people age, say, 48, or 32). The U.S. population pyramid illustrates this dynamic at work:
But of course, Republicans know that it takes too long to explain this to most people (and with Faux viewers, it's mission impossible).
pnwmom
(108,959 posts)tenorly
(2,037 posts)I'm honored you think so, pnwmom.
So much misinformation around really.
pnwmom
(108,959 posts)I hadn't realized the "echo" had now surpassed the boomers. I bet most people don't realize this.
And the GOP in Congress doesn't want anyone to figure this out before they've succeeded in dismantling Social Security.
When you write your OP, please PM me so I don't miss it.
Thanks!
wiggs
(7,810 posts)Yet dems fail to defend and make the case. SS is not in serious trouble but it's common perception that is part of a giant economic disease.
SS is falling slightly short of revenue predictions because of RW policies that have kept middle income earnings from significantly increasing over the last 40 years. Income increases that go to top earners contribute nothing to SS. No one could have predicted that.