http://www.stripes.com/news/us/dod-s-46-000-temporary-workers-may-face-firing-1.205375?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+starsandstripes%2Fgeneral+%28Stars+and+Stripes%29
Pensacola Discussion Forum
ZVUGKTUBM wrote:This is just the tip of the iceberg. The level of broke-ness of the government won't be truly felt until 8-10 years from now when Baby Boomers start receiving IOUs for their Social Security payments. I am an older Boomer and am under no illusions about this. The smoke-and-mirrors games and gimmicks will continue for the time being, however.
The pain felt from kicking the can down the road from Reagan forward is going to be unbearably and massively severe. There will be lots of finger-pointing, but both Republicans and Democrats are culpable; and neither of the candidates from last November are/were serious about deficit reduction.
There is going to be class-warfare between generations in a few years. The Millenials are going to fight against their Boomer parents over getting stuck with paying for the debt run up during their parents' lives. They will vote to reduce and curtail Boomer Social Security benefits and other entitlements to help stem the bleeding. Generation X will be caught in between, but will likely side with the Millenials. Boomers should be forewarned.
I think we will one day wish the Gramm-Rudman-Hollings Deficit Control Act of 1985 had stopped it all in its tracks by 1986 or so. Woulda-Coulda-Shoulda....
PACEDOG#1 wrote:Did a project once with my students showing WHY you should take SS as early as possible and used my own data from the SS folks as an example.
Even with the difference in amounts of money you make based on waiting longer, the person who takes SS at age 70 has to actually live to 84 to catch up with the person who took it at age 62.
I'm planning on working until 63. That will give me three and a half years to work my civilian job and draw my reserve retirment from the military concurrently.
At 63, that will put me at 35 years of service with the FRS and the final year of DROP that I can participate in unless I choose otherwise.
Hopefully with FRS, DROP money, mil retirement and whatever is coming to me in SS funds, I will be OK. The wife is a state employee as well. She and I will retire about the same time.
2seaoat wrote:I have to make it to next January......doubtful, and my wife will not get a penny of my SS.....government pension......it could be worse....I could be a cub fan and never have seen the cubs win....I am a Sox fan.....a bear fan, and a Bull fan.......I have seen them all win....life is good.
2seaoat wrote:I have to make it to next January......doubtful, and my wife will not get a penny of my SS.....government pension......it could be worse....I could be a cub fan and never have seen the cubs win....I am a Sox fan.....a bear fan, and a Bull fan.......I have seen them all win....life is good.
ZVUGKTUBM wrote:2seaoat wrote:I have to make it to next January......doubtful, and my wife will not get a penny of my SS.....government pension......it could be worse....I could be a cub fan and never have seen the cubs win....I am a Sox fan.....a bear fan, and a Bull fan.......I have seen them all win....life is good.
You could get SSDI right now because of your terminal illness. RetiredLeo did it because of his colon cancer. Except, some posters here would call you a moocher for doing so.
Similar topics
Permissions in this forum:
You cannot reply to topics in this forum