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Did we dodge a bullet or push back the inevitable?

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MoPHo

MoPHo

Platinum Member
I know this is going to sound crazy, possibly asinine, but did we dodge a bullet with the economic down turn we just got hit with? I mean yea, things are horrible right now economically BUT the baby boomers were going to retire very soon. I know I've been hearing that once they do, we're screwed because they'll all be asking for social security and our system may not be able to handle such a great demand. However, now that many of them are lacking financial stability, social security wouldn't be enough alone to keep them financially fit so they'll keep working.

I'm well aware that:
1) People born after the war couldn't be 65 until at least 2011
2) The fed having spent so much money recently means that we'll just spending even more around 2011.

But if they are working and not completely reliable on the government for income, wouldn't this somewhat benefit the situation more than simply retiring?

Am I completely wrong here? I really don't care if you flame or troll. It is ATOT, afterall and I'm asking for it by posting. So go ahead, be a wanker! 😀
 
You're concerned about the future when the present is as scary as it gets. My first reaction to your thread title is that the bullet has been fired, but it's nowhere close enough to be concerned about dodging it.

In other words, this is far from over.

Our current system, with all the social programs that are a part of it, is a Ponzi scheme of herculean proportions. It's inevitable that it will collapse. Is it happening now? Quite possibly. But it's the kind of thing that is really clear in hindsight. It's difficult to know for sure as it's happening.
 
What happens when the banks stop sitting on all the cash the fed has lent out and inflation goes through the roof.

We've tripled our money supply in the last 8 months.
 
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