Wednesday, November 02, 2011

That's the USNA Spirit I'm Look'n For!


I keep telling you old farts ... the future is fine. It isn't the young men and women who are the problem ... if you have a problem and need to point fingers - it is the Boomers who have their hands in younger generations' pockets and their minds in the '70s.

More evidence that the Republic's Navy and Marine Corps will do just fine ....


Hat tip MIDN 4/C Salamander Underground (yes, each year it grows).

70 comments:

Gilgilliam said...

Does MIDN Salamander Underground do double duty as Salty Sam...or id that venerable role still supressed?

Outlaw Mike said...

For a moment there I thought you'd gotten weak CDR. I thought that lady belonged to the other camp and was campaignin' for Big 0.

Then it occurred to me I hadn't put in my contact lenses yet.

Guest said...

<span>"Salty Sam" was reinstituted when <span>The Log</span> was officially reestablished a few years ago under then-USNA commandant RDML Klunder.</span>

Actus Rhesus said...

I still hate that we have cheerleaders. 


but I support the sign.

Actus Rhesus said...

I still hate that we have cheerleaders. 


but I support the sign.

Actus Rhesus said...

I still hate that we have cheerleaders. 


but I support the sign.

Actus Rhesus said...

I still hate that we have cheerleaders. 


but I support the sign.

FCC(SW) said...

Just did some quick math in my head, and there's a chance that the young lady in the picture could be my XO before I retire.

CharleyA said...

"...<span>it is the Boomers who have their hands in younger generations' pockets and their minds in the '70s."""</span>

Thank you, we have undertaxed ourselves with respect to our expectations from government. 

cdrsalamander said...

It wasn't expectation - it was demand.

No, you have intentionally spent your childrens and grandchildrens money.  Even worse, you took out loans due after your death in their name to meet your own selfish needs.

The Baby Boomers were, are, and will be the most selfish, self-centered and narcissistic generation this nation ever created.  Look at the financial state of the country they were given by their parents and look at what they are giving their children. Q.E.D.

The Usual Suspect said...

It is not a revenue problem, it is a problem of failing to prioritize spending and abide by Article 1 Section 8 of the Consititution.  It is all fun and games until you run out of other people's money. Facts are hard things to argue against; the CDR is correct in his assessment of the Baby Boomers.

UltimaRatioRegis said...

Salamander is correct, as is TUS.  My disgust with my own generation is near complete.  I am old enough to remember the "challenge authority" crap from these 19-year old imbeciles that thought they knew everything and were facilitated in that dangerous belief by college faculties. 

The moratoria about this, that, or the other thing in which they marched out of schools in protest (Vietnam, Mayaguez, Nixon's pardon) that always seemed to coincide with exams...  students protesting their parents' materialism (people who had grown up in the Depression, and knew REAL poverty, not the kind with the $200 Air Jordans), and then would get into Mom's car that they borrowed, and drive home.

Arrogant, ignorant, selfish, sanctimonious intellectuall dilletantes, who subsidized and excused cowardice with flowers in their hair and tie-dyed t-shirts on their bodies.  They gave us next to nothing of redeeming value.  Even Steve Jobs and Bill Gates adapted technology invented from thin air by the WWII generation.

Aubrey said...

Once again I feel the need for a "REALLY REALLY LIKE!" button for the responses from Sal, TUS and URR

Boat School Grad said...

<span>I agree with your Boomer comments, however, the oldest "Boomer" is only 66 years old.  The 70, 80, and 90 year olds I know from my financial planning practice ALL want their gubment benefits to continue unabated AND adjusted for inflation.  I have asked them all...Would you accept means testing for SS and Medicare? Hell no!  Would you stop receiving SS payments once you knew for sure that you have received a lifetime amount equal to your lifetime contributions adjusted for inflation AND factoring in a generous 6% annual compounding to compensate for the opportunity cost of being forced to contribute to a lame system?  HELL NO!  These are all well off individuals who could do without and are at the point where they are received MUCH more than they contributed.  When I point out that they are essentially "taking" from their children and grandchildren their attitude is TFB.  Their overall view is that big government has screwed them their entire life and now they are going to screw 'em back and take as much as they can.<span>  </span>These are educated, successful, well off 70, 80, and 90 year-olds.</span>

AOD said...

lighten up, AR!  There are probably just as many male cheerleaders as there are female.

I respect you too much to give you the "lighten up, Francis" treatment. =-X

Anonymous said...

Absolutely.  Could not agree more.  And these older folks vote in every election while the younger folks have yet to figure out who is screwing them.

This is going to get ugly.  Barring some sort of fiscal sanity/dicipline, the system WILL collapse under its own weigh of obligations.  At that point everyone will be screwed.

Or we could hope for a world-wide pandemic that takes out the elderly - POOF (!) instand solvency for SS/Medicare/Medicaid and just about any other governement assistance program.

Who was it said that a Republic exists right up until the point where the citizenry realize that they can vote themselves bread and circuses from the public treasury...

Actus Rhesus said...

male cheerleaders.  *sigh*  I'm reminded of a spirit spot from not too long ago "Navy Male Football Cheerleader".  Classic.

personally, I just don't get how having someone hop up and down in a mini skirt shaking her pom poms is preparing her to be a military leader in a time of war. 

That and cheerleading is stupid.

Eagle1 said...

I disagree. See my comment above.

Anonymous said...

At my school I called them "cheer followers" since all they did was follow the lead of the crowd at the games...

I also try not to laugh when they insist on calling it a "sport" but I do remind them that their "sport" is statistically the most dangerous activity you can participate while in school.

Actus Rhesus said...

meh, the fact that some cheerleaders may be athletes does not make cheerleading a sport.

Skippy-san said...

Bullshit. We have a revenue problem and we have a whole new generation being schooled in the ignorant notion that supply side economics works. Boomers built this country. Then some of them went stupid-and decided to wallow in the ignorance that is life in the US these days.

Spade said...

Weren't you people supposed to die before you got old?

Boat School Grad said...

Q.E.D. 

Are you one of my clients???

Grandpa Bluewater said...

Half the denizens of the Pentagon are little more than cheerleaders, and get better promotion statistics thereby.

Boat School Grad said...

The point was...How do you morally justify taking more than you contributed when that means future generations will, in all likely hood, receive LESS than they contributed...if anythig at all.

Stu said...

The "revenue problem" isn't just about quantity.  It's the method of taxation.  The very fact that the Federal Government takes taxes directly, bypassing localities and states, creates inefficiencies and an unresponsive government.  The very fact the VP Biden is out bragging about putting cops on local streets with Federal Revenues should make most people scratch their heads. 

Revenue should "trickle" from the bottom up (Note that big Federal expenditures are nothing but a form of "trickle down economics" as well.  Why some would support that but be against Supply Side economics is a mystery).  This revenue should be based solely on "ground rents" which a property tax based solely upon the value of a land ONLY, not improvements or structures on the land.  Localities then should take a stab at solving issues locally, pushing monies up to higher levels of government for those issues that cannot be solved locally. 

Most estimates are that such a tax system could account for 60% of current Federal expenditures.  I'm quite confident that 40% could be cut from Federal Spending across ALL areas with the addition of tolls and tarrifs to help close the gap.  Such a tax system would be easier as it would be the only "tax" and harder to dodge.   

Anonymous said...

are they still correctly referred to as   MidShipChicks  ??

UltimaRatioRegis said...

"Boomers built this country".  Sure.  Except for winning two world wars, rising out of a Great Depression, creating the transportation system, automobile manufacturing, inventing computers, pioneering space travel, staring down the Soviets in the Cold War, and developing the botany that brought about the "green revolution" which feeds half the world. 

Our parents and grandparents did all that.  Only to be told by their children, the boomers, that enlightened self-interest is materialistic and destructive, the role of business is to give people jobs, profit is bad, success is unfair, and the government should be employed to forcibly redistribute wealth to allow for "economic justice".  

The success of which we see played out in the Obammunist policies of the current administration and its intelligensia cohorts and fellow travelers.

Eagle1 said...

This is solvable problem. The first step is to get rid of the idiots in Congress who threaten the elderly while doing literally nothing to fix the problem you identify. Take on the flase advertising of AARP about any impact of proposed solutions on current SS recipients. Reward savings and investment. Stop expanding programs that make things like the guy who lives like a baby into a "disability."

The whining will not come from the new generation of people who are taking up the real jobs, starting new businesses, investing big chunks of waht they earn. It will come, again, from those who are want someone else's money to pay for them while they fail to look after themselves.

UltimaRatioRegis said...

If the denizens of the Pentagon looked like that, I would be happy to work there.

Boat School Grad said...

"The whining will not come from the new generation of people who are taking up the real jobs, starting new businesses, investing big chunks of waht they earn. It will come, again, from those who are want someone else's money to pay for them while they fail to look after themselves."

The whining will come from those who receive less than they contributed.  Essentially everyone who has yet to file for SS.  While their parents and grandparents collect multiples of what they contributed.  It is an open Ponzi.  Eventually those who are being forced to support todays receipients will resist.

Boat School Grad said...

The Boomers are simply demanding that the government keep their promise of delivering the promised SS and Medicare benefits...knowing full well that their higher life expectancy will make them net "winners" in the great Ponzi schem that is SS---just like their parents whose lead they are following.  To hell with the post-Boomer cohort of SS contributors who are guaranteed to get the bill and be net "losers".

Anonymous said...

Perhaps if we say it enough time people might understand it - we do NOT have a revenue problem.

Great googly moogly...we collect more revenue than any nation has ever collected on a regular basis in the entire history of man and we still are in trouble.  Why?  Simple....we have a SPENDING problem.

Giving more money to the clowns who have spent the massive amount of money that we have already given them (and worse - allowed them to BORROW) is insane.  They will simply spend even more of it.

Repeat after me - we have a SPENDING problem.

LT B said...

If I were a young sailor, I'd be checking out pics of my former cheerleader divo and looking for upskirt pictures of her at the academy.  Yeah, I'm not all that fond of the whole cheerleader thing at the academy either. 

James said...

Skippy I can understand you getting pissed but think about it from the view of a persong my age (late 20s).

Your generation saw the largest increase in sexualy transmitted diseases and drug abuse as well as many other problems we are dealing with today. Today this means a good majority of your generation is dealing with the effects of a "do what i want youth". Now the people paying for it is US. No one i know my age expects to get SS when we are older.

The people who did what they were Supposed to do and saved and invested for retirement are few and far between. The others carried on expecting to live off the bare minimum a month.....not realistic.

The moment wide spread safer contraception came into being the fiscal disaster that was the boomers retirment years was decided. Simply not enough people there to pay for everything. And i dont see the reason those that saved up their money and lived within there means should have to pay for the man who did nothing and saved nothing.

James said...

WTF Men im disappointed in you.

I beautiful young women like that and not a Single...

"She's got all the spirit I'm looking for.."

? Come on people..........Focus on what is really important!

Gilgilliam said...

Don't limit it to young sailor... O:-)

Gilgilliam said...

Great, that's one thing that is right with the universe, then.

Gilgilliam said...

Forgot to add, it'll be all better if you tell me they have Players during football season again, and that it is held in Eight Wing's Parking Area, not Seventh's.

Bistro said...

The guys we hired to look after the donated money that we gave out of the goodness of our souls decided to loot the treasury and create a Social Security Trust Fund that holds nothing but IOUs backed by the full faith, blah blah of the BROKE US Government and now as the debt comes due is taking aggressive strides to limit who can get payments, increase the taxes on those that still have discretionary income and passing all the crushing debt to future generations because, like you, they support the idea that by God they earned it!
So, there's nothing in that account but debt.

Let's look at Healthcare. Suddenly having the USG assume all medical care $ obligations via an omnibus health care plan passed in one hell of a lopsided PARTY LINE Vote is like Manna from Heaven. It must mean something. To those with health care it suddenly meant that in addition to paying for the crushing health care costs those morons raved about now they have to pay for 35 million more peoples healthcare and just assume from the start that those 50 million people aren't contributing a penny to the process.

It gets worse but poor Skippy has trouble following the math and simply assumes that anybody who refuses to pay more must be nothing more than a selfish troubling beast and needs some more beating for the encouragement that's in it.

He never sees that it was the government regulators. All of them, that marched into all those banks on Wall St and said, "pretty nice bank you got here. What do you think we'll suddenly decide to take to the courts and grand juries when we look into your loans. Gotta lot of minority loans for house mortgages do you?  No? Perhaps you ought to do something about that."
It was the government and folks like Jamie Gorelick did in the banks and created the massive collapse with their stupid lending directives.

Gilgilliam said...

Maybe I can tie my *th Wing Players question into the the cheerleader thread by offering up a soulful rendition of "Forever in WUBA"...that'll be a 5000 series fry for me, for sure.

Anonymous said...

Greatest Generation..........

Anonymous said...

The best humor is the command sanctioned humor.. LOL.

Stu said...

I have all I need with the Missus already.  

pk said...

at the moment we have here in the los angeles area the current winner in the Ugliest Women in Congress Contest (won by default as the other two died before the ultimate judging)  threatening the banks again with nationalization.

she does not seem to realize that every time she does it, bank of america starts talking about shutting down in california and usually does in fact move a couple of thousand jobs away from the los angeles area.

i do not know whether there is any truth to the rumor that the only parts of b of a in her district are ATMs, but it seems to be heading that way. there is also a tail that when she does leave congress there will be a bunch of relatives that she is shielding trying to out run black and whites.

the hardware stores in the area are doing a land office business selling tape measures, as those that have been "means tested" are measuring the distance from their houses to their balloting place.

The Usual Suspect said...

Skippy,
A little light on the facts there?  The Boomers are the children of the people who built this country in the 20th century into what is the greatest nation on the face of the planet regardless of what the clown in the White House says or believes.  Leaving the capital in the hands of the producers and giving them the knowledge that the rules will not change and that they will not be the latest target of the populist/socialist movement currently heading the U.S. Government is what will bring the economy back to life.  The Keynesians like to quote a multiple figure of a $1.50 return on every dollar taxed and redistributed by the government.  There is also a multiplier effect of $5 in the private economy.  That means that every incremental dollar taxed by the government beyond what it is allowed by Article 1, Sec 8 of the Constitution robs the American economy of $3.50 for each and every dollar collected.  That is not supply side, that is a mathematical fact.

The Usual Suspect said...

pk,
Old Leatherface.  I apologize to any cows living or dead that I may have offended with this comment.

Eagle1 said...

I would have been just as happy to have not had to pay into SS and, insterad, used that forced tax payment to buy annuities or investments using the money both I and my employers were forced to pump into the federal Ponzi scheme. Then the amount I receive in my dotage may or may not have been multiples of what I paid in - but that riak would have been run by an insurance company and me and not my children and grandchildren. Of course, that assumes that I will live beyond the point of break even.

But let's suppose I had been able to invest $5000 a year at 5% compounded annually for 42 years - by the magic of compound interest, I would now have $748,000 in an account.  If I could still get collect 5% interest on that account, the payout would equal what I look forward to drawing in SS payments each year ( the max monthly SS payment to anyone is currrently $2366) and I would never touch the principal. I could give my children and grandchildren the $748,000 on my death.

In short, by my way of thinking, I have a "opportunity cost" from my forced participation in SS of almost -$750,000.

Or in other words, the goverment could have taken my SS tax money, invested it wisely and it could have paid any benefit to me from the interest, while maintaining a healthy balance of 3/4 million which it could keep on my death.That 3/4 million could have continued to grow, allowing each boomer child to retire in his or her time, unworried about not getting their "input" back . . . but for the vote buying jackalopes in Congress who saw a big pile of money to play with.

Instead, after having paid $210,000 in ($5000 x42), forgone any interest on that money,  I catch flak for possibly living past age 76, when that $210 k will run out? Let me put it another way - if I die before age 76, you all "win."

This is a screwed up system that Congress should be ashamed for continuing to allow in its present form. But you should be talking to them, your Congresspeople, instead of the "boomers."

Even worse, assuming I had done the smart thing and saved $3000 per year at 5% and bought a house and paid off the mortgage, I would have a savings account with $450,000 in it and a house I could sell for $200,000, I now have net worth that probably kicks me out of receiving any SS under a "means test."  Nice. Catch 22 lives. Toss in any kind of pension and I'm really screwed.

Are you children of boomers just as screwed? Not if you take action with Congress.

DM05 said...

As an old fart, at least compared to the young lass in photo, it must be pointed out there is more to the Boomers than one cohort. I'm on the very youngest end, and have little in common with the white guilt, protesting, Vietnam serving older boomers, most in their 60's. As the tip of the Boomers - actually lance - they led, and have sucked at it. I recall in the 80's, when they were taking power through sheer volume, having traded the sandals for business loafers, it seemed like a strange juxtaposition. Just saying, there is more than meets the eye with a simple "Boomers".

cdrsalamander said...

<p>Skippy,
</p><p>Oh come on Shipmate!  You're making this too easy.
</p><p><span>1. Lie.  Please tell me specifically what I said was, "</span>a false statement made with deliberate intent to deceive; anintentional untruth; a falsehood.<span>"</span>
</p><p>2. You did not contribute; the State used its police powers to take from you the money you earned and instead of doing what you thought they were going to do with it, instead they put it in the general fund for present use - not put away to access later.
</p><p>3. How would you raise revenue to fill the gap expected if SS remains in its present form? Make the numbers work.
</p><p>4. The Banking Industry has nothing to do with SS.  You might as well blame the walrus at Marine World.
</p><p>5. Who are running the banks?  Well, according to the Federal reserve the top five banks are:
</p><p>-- Bank of America:
</p><p>-- JP Morgan Chase:
</p><p>-- Wells Fargo:
</p><p>-- Goldman Sachs:
</p><p>-- Morgan Sanley:
</p>

cdrsalamander said...

(cont) 
<p> 
</p><p>The CEOs of those companies are, respectively; Brian Moynihan, born 1959: Boomer; Jamie Dimon, born 1956: Boomer; John Stumph, born 1953: Boomer; Lloyd Blankfein, born 1954; Boomer; James Gorman, born 1960; Boomer.
</p><p> 
</p><p>Skippy.  They are ALL Boomers.
</p><p> 
</p><p>BOLTER BOLTER BOLTER - head around and try again.
</p><p> 
</p><p>As for all your proposals for tax reform - I am right with you.  Sounds like you are for a flat tax.  Great idea.  Which of your friends on the Left are for that flat tax - the one with no deductions and social engineering like they have in the Baltic States and Russia along with some other nations?
</p><p> 
</p><p>One final note - who grew up in a time when "life was good and sex was safe" and who in their most influential years created a nation where life was less good and sex "less" safe?  Did it happen on its own - or were there some causes?  If there were causes - who created or made worse those causes and why?</p>

sid said...

Just today...this Boomer just got an unsolicited job offer on yet a <span>third </span>professional lifetime...

(ok 2 1/2...but anyway)

So I can buy my own Depends...

Thank You.

But I digress.

I sure hope these (rather fetching) ring knockin' young'ns can channel back to some Helions that passed thru those hallowed halls Long Ago...

Just Sayin'

Grandpa Bluewater said...

Kwitcherbelliaikin, she was Conceived AFTER I retired.

I'm old enough to be her Mother's father.

I feel....saurian. Dinosaurian.

Skippy-san said...

No-it is still a lie, or at the least a stereotype to say that Boomers are any different or worse than any other generation. I'm sick of tired of that line because it doesn't hold any water. For every one so called "moocher" who is "taking more out of the system" there are at least three maybe four or five Boomers, who spent a life time working, building a family, building a career,  buying a house, losing a house, buying another house and paying taxes and obeying the laws. This blanket indictment of Boomers as drug addled thieves is just plain wrong. They have earned the right to get a relatively modest payment and health care at the time they enter retirement. It still does not guarantee them a full retirement-one has to save to do that. And judging by current numbers there are plenty of younger folks who have not learned that lesson as well.

Furthermore the criticims of Boomers ignores the context of the times they were living in when they were young. ( Just as most of the OWS criticism ignores the context of the time those folks are living in now). The CEO's you list should be held individually responsible and at least a couple of them should be in court or in jail right now. But to use some nice piece of tuna ( who in a proper world would simply be some male midshipman's girlfriend) as some indicator that its time to go off on the "I hate boomers" rant yet again, just ticks me off.

The money is out there to solve our fiscal problems and re-create a "great society", it just needs to be used a lot more effectively and all Americans whatever their generation need to realize that this desire on the part of some- to take the country back to the world of 1896 with no services provided, and a low life expectancy, huge income inequality- is not good for anyone. If there is one things SOME Boomers and non boomers should be criticized for, is its embracing a flawed vision of conservatism and economic policy such as we see coming out the current herd of politicians who are advocating destroying the social safety net.

ewok40k said...

Is there ANY politician that even hinted of tying the retirement age to the life expectancy? I'd vote him for president, of course given he isnt completely off the rails on other issues.
On another note, I will consider economy a science when the Keynesian/Monetarist feud will be resolved via empirical evidence - or synthesis on the scale of dual nature of light (wave/particle) So far were like trying to get astronomy going without knowing whether Ptolemeus or Copernicus was right...

UltimaRatioRegis said...

"THE" money to re-create the "Great Society"? 

You mean OUR money?  That of the earner?  As if the Great Society ever existed and was anything more than LBJ creating a government-dependent welfare class? 

The War on Poverty, which persists to this day with 70% or more of entitlements, is the most expensive war in history.  Crushing in its costs.

Grumpy Old Ham said...

<span>If the denizens of the Pentagon looked like that, I would be happy to work there.</span>

Leave it to a Marine to say out loud, the words many were thinking... ;)

cdrsalamander said...

Skippy,
That line was put in there because I hear all the time from mostly Boomers of "the problems" of the young men and women today compared to "back in the day."  I see just the opposite.  Those in their 20s and teens are exceptional young men and women.  My teenagers cohort have their shi/ite in a sack much more than mine did .... and A LOT more than my older boomer siblings did.  The major problems they have usually concern their parents inability to create a stable family environment.

Grumpy Old Ham said...

<span><span>The War on Poverty, which persists to this day with 70% or more of entitlements, is the most expensive war in history.  Crushing in its costs.</span>  
 
Likex100.  
 
What's that definition of insanity, again?  Doing the same thing repeatedly and expecting different results?  The "Great Society/War on Poverty" surely fits that description (as does the "War on (some) Drugs", but that's OT for now...).</span>

Spade said...

"<span> They have earned the right to get a relatively modest payment and health care at the time they enter retirement."</span>

How? By existing? What did they DO?

UltimaRatioRegis said...

Spade, you have hit on the crux of the entire issue.  The sense of entitlement.  To someone else's money. 

I couldn't afford a house until recently.  Yet, I was supposed to be willing to help pay the mortgages of others. 

I can't afford health insurance.  But I will be expected to pay for the non-contributors. 

I paid off my student loans entirely myself, on a junior officer's pay.  Now I am told I should help pay off the student loans of others. 

Entitlements of the vast quantity desired by the Skippy-sans of the world can only be funded by the forcible redistribution of the wealth by an oppressive and capricious government. 

I have worked all my life, only bought what I can afford, and have saved for MY future.  I and people like me are the NEPmen of the 21st Century. 

The part of the Politburo will be played by a Democrat-controlled Congress.

Anonymous said...

"<span>They have earned the right to get a relatively modest payment and health care at the time they enter retirement."</span>

By working my tail off at two jobs to support my family and pay crippling taxes that rise as high as 46% (!!) for freelanced work, have I earned the right not to be bankrupted by the expectations of people who lived decades before me?

Mike M. said...

Yup.  I've long maintained that a political generation is about ten years, not twenty.  Someone born in 1963, like me, has <span>nothing</span> in common with a Brat Boomer born in the late '40s or early '50s.

Bistro said...

I'm heading off now for the Visitation for my neighbor. Died at 43. Medical Doctor, ASST Professor. Very good man. Just a couple of weeks ago he called out to me from his back yard and asked if I knew that Lex fellow and I replied. We talked a lot.

Skippy and his ilk have it all wrong. Saw an article in Drudge today that our debt increased umpty billion last month with a net loss to every man woman and child of $650.00. My girl is only 8 years old. She doesn't owe anybody anything. I actually despise people that would pile debt on her and demand that she spend a lifetime working to repay the debts that she had no part in creating and could do nothing to prevent. The Skippies don't see that aspect. They attribute my view to "selfishness" but I prefer to take the long view. What power on earth gave people like him the right to accumulate debt in her name? Or my name.

UltimaRatioRegis said...

Guest:  Nope.  Now pay up.  Millions of non-contributors are counting on it.  They appear to have won the War on Poverty. 

CAPT JAP (retired, not yet deceased I think?) said...

As a front end BOOMER (born in 1948) let me say something.  I served in the active Navy and reserves for 30 years and earned my retirement check. I have also applied myself in the civilian world and for the last 30+ years paid the full amount required by law into Social Security, Medicare and other government programs (yes I make at least 6 figures). I have salted away a significant sum on the side too, by working my buns off. I have no bills through the simple process of not creating any and not trying to "keep up with the Jones" (see Dave Ramsey.com for the method, IT WORKS). Further I have said for many years, just give me what I put into Social Security with simple 5% interest (much less the match by my employers) and I will not bother the system any more.  I figured it out last year and it comes to over 1.5 Million (not counting the 1.5 million my employers put in). The Social Security system will pay me $3200 per month at age 70 and IF I live to 90 that is $760,000. so the GOV gets to keep roughly 2.25 Million when I die at 90.  Not a bad deal for the government. Of course all of this is not counting the TAXES I still have to pay from age 70 to 90 on my non Social Security retirement.

I was in college (66 - 70) in an ROTC unit that took a LARGE amount of grief from the so called peace brigade (also boomers).  I now know alot of those people, as friends, and they pretty much all staunchly conservative and the vast majority regret what they did to the military.  All I can say is do not lump me in with the "Boomers" you are imagining or visualizing.

SO, don't tell me I am mooching or gaming the system or screwed up the leadership or whatever. It is not my fault the government is spending like a "drunken sailor". I did not vote for the current reigning hunta.

Old boomer tired of being blamed for the BAD decisions of others!!!!!!!!!!!!!!!

cdrsalamander said...

So, as long as you get yours - you are fine in saddling younger generations with obligations you were never asked to cover? Simply for your own excess; you are willing to steal from children yet born? To force on them hardships greater than any you would have tolerated?

Why is not important - reality is.  That is reality.  That is what you are saying you are happy to do.  As long as you know that and can sleep at night; that is up to you to fit in your nogg'n.

UltimaRatioRegis said...

CDR,

I guess I didn't take the same conclusions from CAPT JAP's comment.  The man has a point, as I am sixteen years his junior but will be in precisely that same boat.  Some confusion here, methinks.  Social Security was solvent, with a solid cost basis, until LBJ opened the gates to a whole raft of people who hadn't paid in in 1964.   The "Great Society" and the resultant profligate spending of SS revenues on non-contributors tipped the balance toward bankruptcy. 

While I as a baby boomer think little of the general contributions of my generation, I do recognize the sentiment above.  I paid in, bought what I could afford, didn't run up massive debt I asked others to pay for me, and saved for my future.  I earned my SS income, as well. 

But others?  Non-contributors?  Illegal aliens?  Abuses and bloating of the rolls of Medicaid?  1964 is when the Ponzi scheme starts. 

The unfortunate part of being among the boomers is that we are represented by the loudest, the most leftist, among us.  Like NOW supposedly speaks for all women, NAACP, Jesse Jackson and Al Sharpton speak for all blacks, and Queer Nation speaks for all gays.  Like others in those groups, the sensible dissenting voices are unheard because the microphone is monopolized by the far left, Hollywood, Academia, and the MSM.

Grumpy Old Ham said...

Mike -- concur.  The split in Boomers appears to occur about 1955/56.  In other words, between those who were old enough to be drafted for Vietnam versus those too young, which corresponds to your 10 year demarcation.

As a late Boomer and only child born to Greatest Generation parents, I find I can relate a lot easier to those folks than I can to any random hippie born between 1946 and 1956 or so.

CAPT JAP (ret) said...

Cdr let me reiterate.  I have paid in more than I ever will be getting out.  As I stated most people, as it seems you do, forget that the company you sork for mathces your SS contribution dollar for dollar.  AS I stated I and the companies I have worked for paid in much more than I will ever get out of SS.  I have created a trust fund for my family and are providing for their future.  I worked hard for what I will be getting. I AM NOT stealing from my chindren.