Baby Boomers Are What's Wrong With The Economy
invite response
2015 Nov 28, 7:06pm 35,266 views 86 comments
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marcus
2015 Dec 2, 7:07pm
I've never had anything against other generations or felt overly compelled to compare one generation against the next, other than maybe for music or fashion.
But you guys are convincing me to change. I'm going to start collecting reasons and rationalizations to hate those asshole genxers and millenials.
I can play. What the hell, if this is America's new low, I might as well join in. I hate you guys. Well, not you personally, just your stupid, lazy, self centered, entitled, cry baby generation. I'm now realizing that everything I heard about you assholes is true. Especially the way you blame others for your problems.
GenXers and millenials are the biggest loser generations in the history of the U.S.
RealEstateIsBetterThanStocks
2015 Dec 2, 8:45pm
these old farts should not be allowed to retired until the national debts are paid off.
MisdemeanorRebel
2015 Dec 2, 8:53pm
GenXers and millenials are the biggest loser generations in the history of the U.S.
For once, Marcus is right!
Dan8267
2015 Dec 2, 8:57pm
You mess with the bull you get the horns
CIC is about to show Marcus just how horny he is.
exactly what I've been saying about baby boomers for ages. They were the spoiled brat generation who were given everything by our ww2 gen grandparents, understandably perhaps after the horror they endured, but it turned their kids in spoilt little "I want, I want's" They got houses dirt cheap, jacked up the price on us, the inheritance they received they squandered, or are squandering now, they made it so fucking difficult to get jobs, the same good, well paying jobs they just walked into straight out of high school, we now need a fkn masters degree for. No, the baby boomers didn't just fuck up the economy, they fucked up the price of living, they fucked up getting jobs, they made it virtually impossible to survive because the baby boomer gen are mostly, not all, mostly, self entitled money and real estate hoarders who mostly do nothing for their own children or their generation.
Ceffer
2016 Apr 29, 11:23pm
KILL THE DEAD BOOMFUCKS! DIG THEM UP, AND KILL THE BOOMFUCK GOLEMS ALL OVER AGAIN! KILL THEM ALL!
marcus
2016 Apr 30, 6:30am
Just another sign that hate is destroying this country.
Why should I be surprised that a Trump supporting racist xenophobe with daddy issues also wants to generalize blame for his problems on to boomers..
It's true that boomers had it great. But that's not a reason to blame them or to hate on them. Unless mindless hate is your thing. Try to get a little more specific with your blame. Who knows, maybe you could be someone who makes a minute difference yourself. Unlike too many typical Americans that were born during any specific window of time you want to consider.
Were a larger percentage of boomers self involved and only concerned about themselves than younger generations ? Probably not. Precisely because they had it better economically. That gave more of them the freedom to take other paths. In fact, way more boomers thought that making money should not be the priority of career than those born a couple decades later.
But sure it's also true there are just a lot of them, and some are now Trump supporters with views of the world not unlike Thunderlips. It takes all kinds.
Indiana Jones
2016 Apr 30, 11:49am
So, congress is Zionist, and that trumps their being boomers. Being boomers actually has nothing to do with it. Being globalists has everything to do with it.
This is not an either/or situation. You can blame the zionist all you want, it doesn't make the "me" generation any less selfish and greedy and a major part of the problem.
In fact, way more boomers thought that making money should not be the priority of career than those born a couple decades later.
Maybe when they were teenagers. Maybe it was just the drugs talking. Boomers are the Original Yuppies and espoused "Greed is good" as they came out of their psychedelic haze into their careers.
Ceffer
2016 Apr 30, 1:31pm
Millennials need a tattoo on their asses reading in supremacist gothic "I ATE A BOOMFUCK".
marcus
2016 May 1, 7:51am
Maybe when they were teenagers. Maybe it was just the drugs talking. Boomers are the Original Yuppies and espoused "Greed is good" as they came out of their psychedelic haze into their careers.
You don't get what I said. I'm not generalizing. And such generalizations are silly. Yes, boomers were the original me generation. What I'm saying is that there were a higher percentage that chose career paths that were not about money. And I'm not giving them credit for that. I'm saying it was economically possible.
But only a total idiot would blame boomers for the way the economy has changed. Its primarily a combination of 2 factors. The natural tendencies of capitalism when unchecked, and globalization. I guess add women joining the workforce as a third. I don't blame boomers as a group for any of these. But sure, the times were better for them in some ways.
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https://www.washingtonpost.com/posteverything/wp/2015/11/05/baby-boomers-are-whats-wrong-with-americas-economy/
From the article:
My generation, Gen X, is in far worse financial shape than our parents were at the same age. Millennials are even worse off than we are. Soon after the Great Recession ended, the Pew Research Center reported that middle-class families were 5 percent less wealthy than their parents had been at their age, even though today’s families work a lot harder — the average family’s total working hours has risen by a quarter over the past 30 years — outside the home, and even though they’re much likelier to include two wage earners. The ensuing recovery has made things worse. Middle-class families owned fewer stocks, businesses and homes in 2013 than they did in 2010, according to calculations by New York University economist Edward Wolff.
Meanwhile, future generations will have to pay the costs of weaning the world from fossil fuels and/or adapting to warmer temperatures, rising seas and more extreme weather. (Estimates vary, but some projections suggest they could total trillions of dollars for America alone.) They will also have to shoulder the burden of keeping America’s retirement promises to the boomers. The Congressional Budget Office estimates that the rising costs of Social Security and government health care that will stem from an aging population will consume two more percentage points of America’s economic output by 2040. If policymakers don’t find the revenue to pay for it all, the CBO projects that the national debt will climb past 100 percent of annual gross domestic product — quadruple its post-World War II low.
And yet almost no one suggests that boomers should share the pain of shoring up those programs. Folks my father’s age like to say they’ve paid for those benefits, so they should get them in full. But they haven’t. The Urban Institute has estimated that a typical couple retiring in 2011, at the leading edge of the boomer wave, will end up drawing about $200,000 more from Medicare and Social Security than they paid in taxes to support those programs. Because Social Security benefits increase faster than inflation, boomers will enjoy bigger checks from the program, in real terms, than their parents did.
The sin here isn’t exactly intentional: It’s not boomers’ fault that there are so many more of them than their predecessors (their ranks peaked near 80 million, some 30 million more than the Silent Generation before them) or that they’re living longer (retirees today can expect to live three or four years longer than their grandparents). The sin is that boomers have done nothing to ameliorate their easily foreseen threat to the U.S. Treasury. They have had every opportunity: Congress has been controlled by a baby boom majority since the beginning of the George W. Bush administration.
#economics