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To: RetiredNow who wrote (254227)6/15/2010 8:44:47 AM
From: DebtBombRead Replies (1) | Respond to of 306849
 
They're already receiving about 50% less than they should be due to inflation numbers being rigged.
It's not baby boomers raping the country.



To: RetiredNow who wrote (254227)6/15/2010 8:50:18 AM
From: RetiredNowRead Replies (2) | Respond to of 306849
 
Hi all,

I can see one major advantage to a GOP sweep of Congress in Nov'10. What if the GOP decides to crack down on these deficits? Remember Gingrich? He used to be my favorite fiscal conservative. So maybe the GOP will actually do something about our fiscal profligacy.

Could Congress Force a US Debt Default?

yglesias.thinkprogress.org

In 1995, then House speaker Newt Gingrich publicly warned the Public Securities Association that he was prepared to default on the debt unless Bill Clinton acceded to Republican demands for budget cuts. “I don’t care what the price is,” Gingrich said.



To: RetiredNow who wrote (254227)6/15/2010 8:57:15 AM
From: onlygold1Read Replies (1) | Respond to of 306849
 
what are you talking about? clowngress get's a cost of living raise and boomers get squat- due to gdp fudging and inflation# massaging- i'm a boomer born in 56' and i dont get squat and am very doubtful i ever will- so be careful what you say and best to clarify which boomers you are referring to because alot of us are not getting anything yet nor will we at the present rate of change-



To: RetiredNow who wrote (254227)6/15/2010 9:12:03 AM
From: Les HRead Replies (2) | Respond to of 306849
 
Boomers were screwed by Greenspan. They were twice imposed upon with higher FICA taxes that Greenspan said was necessary to rescue Social Security and to to build up a surplus for their retirement. It was used up to stimulate the economy to create jobs, most of which go to the succeeding generations.


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