Baby boomers reach retirement, questions about costs begin

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  • Tom Smith Sandy, UT
    Dec. 26, 2010 8:50 p.m.

    I am angry over all the references to a lack of Social Security funds. In the history of America, the Teamsters Union was guided by Jimmy Hoffa and diverted hundreds of millions of dollars from pension funds. Beginning in the same period, the U.S. Government (Congress) has stolen the Social Security funds and now claims that we (working citizens) need to pay higher rates, and the recipients need to postpone retirement or accept reduced benefits to restore these stolen funds. The government sold these funds. Put them all in jail like Hoffa, or replace them. And now, Congress and Obama have stopped SSA contributions!! It is not the problem of the elderly or the youthful employee that caused this problem. Congressional representatives and Presidents over the last 50 years need to replace these funds or go to Jail.

  • Most Truthful and Patriotic Layton, UT
    Dec. 26, 2010 6:03 p.m.

    Orem Parent:

    Evidently, you need to meet a higher class of Baby Boomer.

    WHAT credit card debt?
    We have none. What few times we use a credit card, is paid off at the end of the month. No debt there.
    We don't live in a stucco McMansion full of Taipei Trading schlock, either.

    We (political liberals) have worked hard and lived conservatively. Everything's paid for, we have savings enough to pay for a new home (twice) and always pay cash for our new cars.
    We also paid in to our retirement funds for almost 50 years, so don't pretend we're stealing from anyone.

  • marxist Salt Lake City, UT
    Dec. 26, 2010 5:02 p.m.

    The tea party plan is to destroy the safety net, resulting in the massive die off of baby boomers. It does make economic sense, but frightfully immoral, but when has morality had much to do with the market?

    Of course, immorality is not a market exlcusive. Some defenders of the Chinese cultural revolution said in its defense, that some of the elderly died only a few years earlier than they would have, absent the revolution! I fear this is how we feel about baby boomers, of which I am a part. I don't expect to live to my father's age.

  • Twidget Pleasant Grove, UT
    Dec. 26, 2010 3:18 p.m.

    Jerry Garcia formed a bluegrass band called "Old and in the Way" back in the early 1970's and penned a song by the same name:

    Old and in the way
    That's what I heard him say
    They used to heed the words he said
    But that was yesterday
    Coal will turn to gray
    And youth will fade away
    They'll never care about you
    Cause you're old and in the way

    In our throwaway society, it seems we are wanting to throw away our elders as well.

  • byronbca Salt Lake City, UT
    Dec. 26, 2010 2:40 p.m.

    I think we should use all the money we are going to get from giving the wealthy a massive tax break to pay for this.

  • Orem Parent Orem, UT
    Dec. 26, 2010 8:22 a.m.

    The baby boomers didn't know how to parent. They thought that giving their kids anything and everything was the way to be a good parent. Responsibility and respect went out the door.

    How is that for generalizations.

    By the way, it IS the baby boomers that have a LOT of the credit card debt.

    That and the fact that they can't grow old gracefully.

    You can't take a pill for everything and yes you are going to die.

    Do it gracefully.

    Wrinkles are o.k.

    Gray hair is o.k.

    Being a little pudgy is o.k.

    Being a grandparent is better than o.k.

    Now enjoy the ride.

  • patriotandmore Spanish Fork, UT
    Dec. 26, 2010 7:18 a.m.

    The Boomers have paid into the system and "Trust Fund" their entire lives to subsidize the retirement of the generation before them. When they want and need SS and other benefits they have paid for, they won't be there. Most boomers will have to work until they drop dead. At least we live in the U. S. where there are lots of jobs available for them........(sure!)

  • My2Cents Kearns, UT
    Dec. 26, 2010 3:40 a.m.

    I am astounded and can't believe the accusations the 2 writers of this story are implying with baby boomers. They are calling them the spend thrifts, greedy, and characterless irresponsible generation. No way has the baby boomers done any of the lies being portrayed by these 2 writers.

    We didn't seek the wealth of our parents, our parents were poor. Working as slaves with little pay and no respect as human beings and definitely no wealth we envied. Our Christmas was a small 3 course dinner, one gift either bought or hand made. Trees were sparsely decorated and no lights and no TV's. What we did get from our parents was love of god, love of country, and love of family.

    We didn't envy or hate our parents poverty, we worked to be prosperous by earning our income and give our kids what our parents couldn't provide, and now our kids are accusing us as greedy? Our wanting to give has created generations of greed and hate for trying to please our children? Look around, who has all the credit cards and debt, it's not the baby boomers.

  • Joe Bauman Salt Lake City, UT
    Dec. 26, 2010 1:38 a.m.

    The question is more complex than how many people are working for each baby boomer in retirement; the boomers paid into the Social Security system all their working lives, funding their own payouts. So it's a bit of a false comparison.

  • My2Pence Pleasant Grove, UT
    Dec. 26, 2010 1:35 a.m.

    My 90 year old father is fond of saying "growing old isn't for sissies". He is part of the group referred to as "the greatest generation", who grew up in during the deprivation of the Great Depression, and then went on to fight in WW II.

    Tom Brokaw wrote, "it is the greatest generation any society has ever produced." He argued that these men and women fought not for fame and recognition, but because it was the right thing to do. They rebuilt America into a superpower.

    As a boomer, what lesson can I learn? That I have a great responsibility to leave the world a better place than I found it, by doing what's right. I'm often reminded of the lyric, "Have I done any good in the world today?"

    Russell Taylor said, Service is the rent we pay for our own room on earth. We should know that the rent is due on a daily basis." (C.R. October 1984)

    President Kennedy said, "Ask not what America will do for you, but what together we can do for the freedom of man." (Jan 20, 1961)

    What legacy will the boomer's leave behind?