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Old 01-29-2012, 05:17 PM   #25
jeaccatty

Join Date
Oct 2005
Posts
587
Senior Member
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Very well, they are stupid. Fine, now that IS out of the way.
But I look at this as a practical matter, not a philisophical one. That means we need votes. Getting votes requires sucking ass, unfortunately. That's why I say let the old timers get what they want but don't continue to promise it to everyone else.
If we ended SS for everyone under 20 today, we would need the program to last about 60 years. I don't know how much that would cost. "Enslaving" the younger generations with it is no different than enslaving them with farm subsidies and foreign aid. The money could come from ending or diminishing such programs.
I am aware of this.. Personally, I'd offer a 0%, lifetime cap gains opt out.. But that's just policy.

But, no matter what you do, the problem is the boomers themselves.

They're a huge bloc, and very powerful.. The question is: Once they're retired and out of the workforce for good.. and they're just a generation of subsidized consumers with too much time on their hands..

What happens when they hear talk of reforming entitlements from the GOP?

The Presidential front runners all claim they won't touch it.. But we KNOW from looking at the numbers that something is going to have to change..

The democrats don't care, of course.. Which gives them an advantage politically, if not economically..

There is no support for messing with either of these programs.. AT ALL..

So, what happens when the GOP is faced with things like, say.. The military and interventionism VS entitlement spending? And how will the Boomers respond?
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