Rantings and tirades of a frustrated economist.
Uh oh. The first boomer has applied for Social Security. The implications of this over the next 20 years are huge.Do I get the cookie, Captain?
qIt is time for the great lock box to be opened, distributing all the savings to all those that gave. Now what did we do with that key, oh never mind the box is empty anyway because we already gave it away to those that did not give. I know we can just raise taxes and seize more of the money those evil rich guys have. Adam Smith must be rolling over in his grave some place in England.
It is time for the great lock box to be opened, distributing all the savings to all those that gave. Now what did we do with that key, oh never mind the box is empty anyway because we already gave it away to those that did not give. I know we can just raise taxes and seize more of the money those evil rich guys have. Adam Smith must be rolling over in his grave some place in England.
The first boomer applied for Social Security.After they're through with it, my grandkids will be left to pay it back.
10,000 people a day for 20 years, AND now we have the added bonus of social security fraud via the internet! WOOHOO! SO! Who is up for making serious moves toward a black market economy?
She's 61. What the hell?Not only that, she's a teacher, which means she's got a way bigger retirement package than she's worth already.Frigging BS.
You can apply for Social Security in the Internet?All primary candidates in the ad are approximately of the same age as the first boomer?
She was conceived about six months before the war ended, and therefore isn't really part of the postwar boom?Or the fact that they held some kind of "event" to celebrate her application for welfare?
Technically the number will be 87.6 million, but who cares about a measly 7.6 million when you're a professional journalist, right!
No, no no!Yes, the obvious thing to notice is that the end has begun, sucking dry, no lock box, etc.However, it is NOT the social security thing.I'll give you a couple more hints;1. It isn't about economics.2. It is a social trend that started with the Baby Boomers.
Two observations. the hyphenated last name and not one of the Republican primary candidates has a happy face.
Is it that she hyphenated her last name?
Her hyphenated last name.
Here, let me have a whack at it.This is really one of my pet peeves, and my ultra leftist sister (a UW Madison Graduate with a Masters, working at the UW hospital making less money than me, a grease monkey auto mechanic, with no formal education) used in BOTH her marriages.That would be: Hyphenated last names.Did I win?
The hyphenated last name?
Is it the hyphenated last name?
Oh, the hyphenated name.
You mean the hyphen?
Looks like everyone's going for the hyphenated last name. The 10,000 per day for 20 years is way more scary. WAY more. Taking a second look at the article, I did note that they used the term "burden" in the upper left. At least they're being a bit honest about all of this.
The "Boomer Burden" comment rings an alarm bell. -mlg
Cappy, you need to turn off comment moderation! your blog is getting too popular for you to keep up!
I've got it!She's a teacher (obviously not of economics) and needs to collect SS.This either shows how underpaid teachers are or how even teachers need lessons.Buck
Could it be that prior to the baby boom, "retirement" as we know it now, didn't exist? People prior to WWII more or less worked until they couldn't work any more or died.
So what's the answer!? Must ... know...
Hypenated name was the correct answer.You are all deputized.
Oh, I was going to guess that it was that once we saw this article about Social Security, we were supposed to immediately look to the right at the candidates and think "Who, oh who, will save Social Security?"I guess I'm not destined to be a deputy economist, because I didn't see anything significant about the hyphenated last name. I've known people (mostly women and kids) with hyphenated last names since I knew what last names were. I just think it's mildly annoying and move on.
So the hyphenated surname is the bête noir of the piece; now, what is ominous about that ? Are we to be concerned with the higher percentage of broken marriages that lead to hyphenation, or the rising incidence of bastardy, or what ?
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