Go Home

boomers

4 documents found in 0.001 seconds.

Moron

Eschaton

More from Pumpkinhead Russert:

When the baby boomers retire, there'll be 80 million. Roosevelt said eligibility 65, which was genius, because if you made it to 65, you were on Social Security for a month or two and that was it. Life expectancy's now 78, 79, 80 years old, so you have twice as many people on the program for 15 years.
Um, Timmy? No. There's a difference between life expectancy at birth, and life expectancy at 65. According to the folks at the SSA, for the cohort of people who turned 65 in 1945, 53.9% of men and 60.6% of females survived from age 21-65. And, for those made it that long - survived until 65 - on average males lived until they were 77.7 and females lived until they were 79.7.

While increasing life expectancies obviously have had some impact on total social security payouts, a big chunk of the increase in life expectancy overall has been due to reductions in the mortality of children, who never pay a cent into social security anyway.

One wonders who feeds Timmy this horseshit.

...just to add, I know people make mistakes on live (or live to tape) TV/radio - especially if the conversation veers away from what you thought you'd be talking about. But Russert is the host. His job is to put together an entire hour of television (plus hour CNBC interview show) once per week. It's the flagship weekly political talk show, and he gets things like this wrong?


Thom Hartmann: Lower The Retirement Age From 65 To 55

thom_025ec.jpg

As always, Thom Hartmann makes a lot of sense:

One of the most powerful forms of stimulus we could apply to our economy right now would be to lower the current Social Security retirement age from the current 65-67 to 55, and increase the benefits back to where they were in inflation-adjusted 1960s dollars by raising them between 10 to 20 percent (so people could actually live, albeit modestly, on Social Security).

The right-wing reaction to this, of course, will be to say that with fewer people working and more people drawing benefits, it would bankrupt Social Security and destroy the economy. But history shows the exact reverse.

Instead, it would eliminate the problem of unemployment in the United States. All those Boomers retiring would make room in the labor market for all the recent high-school and college graduates who are now finding it so hard to find a job.

Hartmann goes on in the article to discuss in detail about how lowering the retirement age would open up thousands of jobs nationwide, and how wages for working class Americans have been devastated since the days of Ronald Reagan and our old pal Alan Greenspan started gutting unions and trying to lower our standard of living:

In September of 2007, in an interview on C-SPAN for Book TV, Greenspan said: “We pay the highest skilled labor wages in the world. If we would open up our borders to skilled labor far more than we do, we would attract a very substantial quantity of skilled labor which would suppress the wage levels of the skilled, because the skilled are essentially being subsidized by the government, meaning our competition is being kept outside the country.”

It’s shocking that ideologues like Greenspan, Reagan, and Clinton believe this, but they do. And the only way to reverse the past 29 years of Reaganomics/Clintonomics is to tighten up the labor market again. While a great start would be to pull out of our insane trade treaties and begin again protecting American manufacturers, that will take a decade for the impact to be truly felt even if we were to go back to our 1980 tariff levels today. Read on...

Thom finishes by stating that his plan would ultimately "take us to nearly zero unemployment and dramatically stimulate the economy." I happen to think it's a good idea. What say you?



Hardball's ad on Hackett

A picture named HB-Hackett.jpg

"...Will his military service hurt his bid for office?"

icon Download | play -WMP

icon Download | play -QT

Have you ever heard a promo as lame as this? If Hackett was a republican and FOX news was running the promo for H&C , it would go something like: "As a veteran of the Iraq war, can we afford not to have Hackett in Congress?"

Atrios writes: "It's tempting to write it off as just some really stupid promo copy without some deeper meaning, but I really think it reflects some deeper pathology. Boomers like Matthews (59 years old, who knew) who didn't go to Vietnam and today's 101st Fighting Keyboarders seem to really have contempt for those who served."



Jonah bitchslapped on the pages of E&P

Reax to his USA TODAY editorial.

Then there's Jonah Goldberg's Op-Ed in USA Today. He used the occasion not to try to come to grips with that war but denounce those -- mainly, he said, "liberal baby boomers" -- who on a "near-daily" basis link Iraq to Vietnam. He said they are simply filled with "nostalgia" for their glory days of antiwar hedonism.

Attempting to bolster this argument, Goldberg charged the boomers aren’t even in touch with the facts: namely, the Vietnam war wasn’t among the most unpopular in our history. His one piece of evidence: someone named Sol Tax of the University of Chicago who apparently claimed, in a 1968 study, that Vietnam ranked as only "the fourth or seventh least-popular war in American history." read on

This is priceless.

via The DC Media Girl