Are the Baby Boomers Selling Out Future Generations for a "Quick Fix"
mid-afternoon on Wednesday, the 7th of January 2009 by Katie
Funny, I was just talking about this today with Tina.
Michelle Malkin writes about The Generational Theft Act of 2009.
I fully realize that we are going through extremely tough economic times, but I wonder whether they are helping or hurting the economy with all of the bailouts.
Do the bailouts possibly delay but prolong our agony?
And, at some point, the bill will become due. Probably not in the tax paying years of the boomers, but in the younger generations.
I have long been aware that the boomers will suck out all of the Medicare and Social Security, and I am among the first generation of American that will have paid for these benefits my entire working life, only to find that the kitty is empty when it is my time enroll.
Are the Boomers doing this, on a much larger scale, now, with all of the bailouts? What type of world will my children inherit?
Michelle writes:
Barack Obama has dubbed his behemoth fiscal stimulus proposal the “American Economic Recovery and Reinvestment Act.” But if truth in advertising were required of White House plans, only one title would fit the trillion-dollar-plus-and-growing bill: The Generational Theft Act of 2009.
President-elect Obama was at his most candid when he told the country Tuesday that we face massive deficits for the foreseeable future. “Potentially we’ve got trillion-dollar deficits for years to come,” he said, “even with the economic recovery that we are working on.” But one word is glaringly out of place in that warning. It’s the word “even.” Washington will saddle future generations with unprecedented debt because of the economic recovery interventions Obama is planning, not despite them….
Bottom line: Obama’s prescription for economic pain will at most be useless in encouraging short-term growth, while ensuring anemic longer-term growth for the next decade (and beyond) at the expense of Obama’s kids and my kids and yours.
The truly bold thing for Obama to do would be to tell the panic-mongers and boondoggle-seekers to shove it and to tell taxpayers to ride out the rest of the tough times while he got Washington’s own economic house in order.
Instead, it’s more of the same old, same old mortgaging of our children’s future for the sake of present political crisis management.
I really think that the Boomer generation is the “me” generation. They seem completely self involved and to heck with everyone else.
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January 8th, 2009 at 9:52 am
“I fully realize that we are going through extremely tough economic times”…
Forgive me, but I must living in an alternate universe.
I lived through a real economic downturn in the late 70s and early 80s:
18% interest rates to buy a house.
Double digit unemployment.
Double digit inflation.
Today:
Prices are falling.
Unemployment is under double digits.
You can get a 30 year mortgage at less than 6%.
Yes, there has been a slow down and a drop in the hyper inflated stock market. But we have lost our perspective.
We’ve had eight years of the media proclaiming the failure of capitalism simply because a Republican was in the White House.
And we have the knee jerk reaction of the idiots in Congress, the White House and the Office of the Elected One blindly throwing more debt at the situation. Sigh…
The cause for worry… is not the present economic condition, but the results government intervention will cause trying ‘fix’ the situation.
The boomer generation is the wimpy generation. They cannot handle pain and will do anything to avoid it.
January 9th, 2009 at 1:24 pm
My policy would be simple- spend spend spend until Communist China is no longer willing or able to purchase our debt… then… a winner-takes-all table tennis tournament!
The baby boomer generation is the generation that killed western civilization in 1968!
January 9th, 2009 at 11:16 pm
And.. now we have the poster child for boomers in Office.. Obama is a Boomer!
His entire campaign just magnified the typical boomer personality.. a very egotistical, the world revolves around me, gimme gimme.. all opinions not glowing must be shot!
The boomers were born into adoration from the great WW2 soldiers.. they were fawned over and worshipped by their parents, the world revolved around them,.. go figure they never gave up that idea!
They became the hippies, the self-serving, the world revolves around me.. wahhh stenchy nasty individuals.
They then spawned off a new generation of selfish brats (in the 1980s)..
there were two sets of people born in the boomer age.. some mature, some extremely immature & self serving.. the mature ones had kids in the 60s-70s.. the self-serving hippie version had them later, since they were too busy chasing the greatful dead, and sponging off society.
(exception to every rule.. my parents, were early born hippy-esque, not born in the boomer period.. who had kids in the 60s.. chad’s folks were actually mature boomers who had kids in the 70s & 80s.. always an exception!)
so the 80′s kids, the ones you saw parents who had leashes for.. the same parents created the current bubble wrapped world.. you know kids up to like what 5 foot need to be in a car seat, kids must have padding and helmets before they ponder the space beyond their plush bed.
they then went to college, these hippie-boomer went to the colleges arguing grades and such with the professors. these kids got jobs where if they did not get hired the hippies came in and had a fit.. if they got scolded at work.. again ma & pa to kiss that one.. and oh horrors if they lost their job because they could not wake up on time, or figured they should get paid not to be in.. etc.. well you get the saga..
i had a perfect example for a patient.. an early 20something woman.. had her mother come to her eye exam.. the 20-something broke down in tears from the stress of reading the eye chart.. i am not even joking.. it still is in my head, and makes me insane.
but we might have hoped that the hippies dying off could be hope.. but they created replacements so we would never forget the blemish on society.. argh!
we will be in a perpetual hippy hell!