Henry Kissinger Comments on Trump: 'He Puts America First'-Mostly Fiction! For example, firered posted on 11/11/10 at 05:54 PM EST: This situation was neither created nor perpetuated by the `Baby Boomer' generation. Our evil ways will lead to tears, both for us and for the generations that come after us. Anyone can read what you share. (I know, since Im the editor responsible for the column.). Following the war, this generation produced children at an unprecedented level. I think she is a little ticked off! Alan Simpson, the Senator from Wyoming calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. In addition, the Holocaust claimed the lives of millions of German Jews and others. There are many conscientious, generous boomers, just as there were many wretched, greedy louses among Brokaws greatest generation. Even in the mid-1980s, around 70% of Soviet industrial output was directed towards the military, one of the factors in its eventual economic collapse. Laurence J. Kotlikoff, a Boston University economics professor, prolific writer and occassional bomb thrower, has set off a debate on Forbes.com with a new column here Baby Boomers: The Greediest Generation. It is you and they who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. By Nicholas D. Kristof. The lives of this generation are a common element of popular culture in the western world,[26] and media related to this generation's experiences continues to be produced. To add insult to injury, you label us "greedy" for calling bullshit on your incompetence. stamped U.S. Treasury Bond. As we age our health care demands increase significantly. Don't let the door hit you on the way out. The veins in my temples throbbed. She also tells it like it is! Congressional Research Service. Here's a response in a letter from PATTY NYE from Illinois . "[2] The term was further popularized by the title of a 1998 book by American journalist Tom Brokaw. Illinois resident blasted U.S. When we boomers fully retire, our kids will need to pay each of us, on average, $50,000 in todays dollars to cover our retirement benefits. While anyone with an ounce of common sense could have guessed that there was something sketchy about China's generous offer, it . It gives people a good idea of just how much their taxes could (instead of will) rise unless radical changes in government spending are made. Here's a response in a letter from PATTY MYERS from Montana ..think she is a little ticked . The only way out is to reduce spending. The Greediest Generation is a book about what happened as the largest generation in American history came to power: It shows how "old fashioned" values like saving, underconsuming, and . And while almost all the elderly now have health insurance under Medicare, about 29 percent of children had no health insurance at all at some point in the last 12 months. In the United States, members of this generation came of age, were children, or were born during the Progressive Era, World War I, and the Roaring Twenties; a time of economic prosperity with distinctive cultural transformations. Our deficit in 2016 is estimated at $37.1 billion. [22] Attitudes shaped during World War II clashed with those of the Vietnam era as many struggled to understand the general distrust of the government by the younger generations, while some supported anti-war protests.[23]. You may opt-out by. Commentary: Baby boomers out, 'cuspers' in. We cant grow our way out of this mess. The average Australian feels they are treading water or going backwards. The monies collected from payroll taxes (called contributions) were handed to the provincial governments in exchange for their worthless IOUs, which could never be successfully cashed because it would have created a financial and political crisis. Its more a matter of degree than sustainability. "People I've known, relatives (saying), "'You son of a bitch. No; they were just more than eight times greedier. Durbin and the Filibuster 'Myth'. American boomers chose not to do that with Social Security. Letter to D!ck Durbin D!ck Durbin, a Senator from Illinois calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. In theory, it has been invested in U.S. Treasury bonds and bills, backed by the full faith and credit of the U.S. government. A lot less., A lot of the negative reaction to Kotlikoffs column has come from boomers taking umbrage at what they consider a generational slander. If that happens, we boomers will see our retirements vaporize, together with our kids' livelihoods. The Social Security mess was created by the Greatest Generation and the Boomers were left holding the empty bag.. This is a short review of the . "The elderly are retired, and it's easier to get them to go to rallies or write their congresspeople," notes Heather Boushey of the Center for Economic and Policy Research in Washington. We called up Blyth to talk about what alt-work means for the future economy, his thoughts on universal basic income, and whether the Baby Boomers are officially the greediest generation in human . [4]This doesnt include liabilities for municipal governments, for health care benefits for retirees, nor for the civil servants of the U.S. federal government. I write from D.C. about tax and retirement policy and planning. Why? Wyoming Capitol Journal. In 1935, Hitler instituted military conscription. Of course, this is a broad generalization about an entire generation. This ability to freely label government receipts and payments in alternative internally consistent manners renders the governments cash flows meaningless from the perspective of economic theory and is called the labeling problem in economics. You know em too. The book The Greatest Generation was written by Tom Brokaw, a journalist for NBC. Brudnick, Ida A. We have an ageing population, increasing life expectancy, an aged pension benchmarked to average male weekly earnings (the highest possible index) and the family home excluded from the asset test. Please try again later. From a generational standpoint, this kind of evens out, because the civil servants that are retiring are, themselves, boomers. Federal Employees Health Benefits (FEHB) Program is not a single program, but rather a collection of many different programs from which participants select their preference. But as one commentator remarked centuries ago, we get the government we deserve. 3. Nothing substantive has been done since then, despite clear evidence that we needed to act. In practice, though, all of this money has been spent by Congress, and the SSA has been left with worthless IOUs. Sen. Richard Durbin says that "Social Security does not add one penny to our debt.". As a baby boomer myself, I can be blunt: We boomers won't be remembered as the "Greatest Generation." Adolf Hitler then rose to power, and many of this generation joined organizations such as the Hitler Youth. But showing them exactly how much they will have to pay in taxes to support the status quo might change their attitude. The Wall Street Journal. When expanded it provides a list of search options that will switch the search inputs to match the current selection. It was a case of the many supporting the few. They see a deck stacked against them by the greediest generation in Australian history: self-satisfied with its wealth, loath to pay its taxes, happy to saddle the youngsters with eye-watering . People I've known, relatives [saying], 'You son of a bitch. Retirement in America is no longer feared as a time of destitution, but anticipated as a time of comfort and leisure. Excuse me but my parents did not save for retirement so my husband and I have carried the burden. None of these is politically or financially feasible, but eventually either choice 1 or 2 will have to be made. [6]Were the CEOs of 2010 more than eight times better than the CEOs of 1980? [15] The popularity of the radio also became a major influence in the lives of this generation, as millions tuned in to listen to President Franklin D. Roosevelt's "fireside chats" and absorbed news in a way like never before.[16]. Every year on Veterans Day, we baby boomers look around and see fewer and fewer members of the Greatest Generationour parents and grandparents who rose en mass to fight a terrible war and keep us safe. Always say what you mean ! [8] The first half of the generation, born between 1901 and 1914, are sometimes referred to as the Interbellum Generation. And for what? In fact, Simpson, who called Social Security "300 million tits on a cow," says his critics are members of the "greediest generation." Simpson told the hometown rag, the Casper Star-Tribune: "I've never had any nastier mail or [been in Poor Broder. Ignoring the long-term good, or the long-term costs, and focusing on the immediate appeal of unsustainably low taxes, must ultimately be laid at the feet of the voters who elect politicians on low-tax platforms. We have lived in 3rd world countries and sacrificed plenty. The bad news is they think this can be accomplished by slashing discretionary programs. Generation Jones is the social cohort of the latter half of the Baby boomer generation to the first year of Generation X. David Mikkelson founded the site now known as snopes.com back in 1994. Laurence Kotlikoff, an economist and fiscal expert who with Scott Burns wrote the excellent and scary book "The Coming Generational Storm," calls this "fiscal child abuse.". This would be a tragedy caused by local mismanagement except that at the time it happened, the DOT had cited approximately 75,000 bridges in the United States as being deficient. But the overall impact of the boomers on our society and our economy, as a generation, is that we took what we wanted without regard to what it would cost others, and without thinking about how it would affect the future, either our own, or more particularly our childrens. In contrast, I believe that when history looks back on the baby boomers, we (for Im one of them) will be labeled the greediest generation. According to a 2004 study done by AARP, "There are 26 million people aged 77 or older in the United States. Baby boomers, often shortened to boomers, are the demographic cohort following the Silent Generation and preceding Generation X.The generation is often defined as people born from 1946 to 1964, during the mid-20th century baby boom. These people are largely conservative on economic (59%) and social (49%) issues, and about one-third of I think she is a little ticked off! He said, First shoot the lawyers. He should have said, First shoot the accountants.. 12 million Germans were refugees and many were forced to settle in the Soviet Union. It's a bum rap, although he is noted as a world-class liar. Not surprisingly, the Bush administration took a look at the study, blanched, and declined to publish it. The World War II generation of the Soviet Union was further decimated by the war. With boomers about to retire, I'm afraid that national priorities will be focused even more powerfully on the elderly rather than the young -- because it's the elderly who wield political clout. In 2020, British Prime Minister Boris Johnson compared this generation to current generations and indicated his desire for them to show the same spirit of national endeavour, in relation to the COVID-19 pandemic. These future liabilities arent captured by the official debt measure, which receives all the press attention. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers? Nor can we inflate or borrow or tax our way out of it. Higher taxes are not the answer as they will threaten the very investment and jobs growth we so desperately need and disadvantage the young. In his book, Brokaw explores the stories and characteristics of this generation. The boomers are responsible for all of this, and more, yet we are trying to duck out, hoping to leave the bill for the generations that follow. [36] Surviving members of the German World War II generation would go on to experience the Fall of the Berlin Wall and the creation of the European Union. I urge you to read Kotlikoffs full column, but here's a taste: Herb Stein, once the chairman of President Nixon's Council of Economic Advisors, had a saying: `Things that can't go on will stop. What he should have said was, `Things that can't go on will stop too late. When the U.S. Treasury bond bubble bursts, we could see a financial collapse that makes 2008 look tame. Countries such as Sweden have rolled back company and personal taxes to encourage investment and jobs in an economy that was going backwards. The International Monetary Fund recently computed a similar sized fiscal gap. And this is not to imply that other generations are or were angelic in comparison to the boomers, because thats not true, either. You promise them big pensions and retirement benefits at some distant, later date. One bridge collapsing through neglect is a local problem, but having 75,000 others in the same risk category can only be attributed to a deliberate policy of neglect. Illinois senator argued Social Security should not be part of fiscal cliff talks. Dick Durbin, a Senator from Illinois calls senior citizens "the Greediest Generation" as he compared "Social Security" to a Milk Cow with 310 million teats. 1:38. You can update your choices at any time in your settings. How could you do this?'". "Salaries of Members of Congress: A List of Payable Rates and Effective Dates." Dick Durbin, a Senator from Illinois calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. Japanese cities, towns, and villages were devastated by Allied bombing campaigns. Indeed, they are more burdensome, because Congress has, explicitly or implicitly, promised to pay these benefits off in real (purchasing power) terms. And since the biggest voting block of the last 30 years and more has clearly been the boomers, the fault is ours. His book, The Coming Generational Storm (written with Scott Burns), was published back in 2004. The lost gutter generation. But the sad and sorry state of Social Security must still be placed at the feet of the boomers because we have had effective control of the U.S. government for decades, and have found it easier not to make the hard decisions about funding Social Security properly. Sure, Kotlikoff was trying to attract attention. Our children will come to hate us as they mature. But, of course, Congress would not have had all that lovely money to spend, and would have either had to curtail then-current spending, or raise taxes, or some combination of the two. Canada is in much the same boat, with bridges and tunnels in Montreal collapsing or being reported as being under threat of collapse as the highest profile examples. Nor can we inflate or borrow or tax our way out of it. And the day is fast approaching when we will be held responsible for the financial debacle ahead of us. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Richard Worzel, C.F.A. Both health care systems will crash and burn. [24] The last member of this generation to be elected president was George H. W. Bush (19891993), and as of 2023 the last surviving president from this generation is Jimmy Carter (19771981). She also tells. "Just vicious," Simpson said. That's false. There is a good chance that members of Generation Q will spend their entire adult lives digging out from the deficits that we the "Greediest Generation," epitomized by George W. Bush . No, but we have perfected the ways of being greedy, and of deflecting the blame, and we know no shame. compared "Social Security" to a Milk Cow with . Not just going fishing: Higher mortgage debt levels are keeping Baby Boomers in the workforce for longer, Ahuri research shows. Finance, http://finance.yahoo.com/blogs/daily-ticker/ceos-more-350-times-average-worker-afl-cio-144537573.html, viewed 7 July 2014. An interview with Alan Simpson on the subject of Social Security can be found here. It surprises and frankly angers me that a well respected journal like Forbes would endorse a column in their pages entitled Are Baby Boomers The Greediest Generation. She also tells it like it is! [40] Surviving veterans visit the Yasukuni Shrine to pay tribute to their fallen comrades.[41]. France, the United Kingdom, Greece, and other countries are making the painful choices needed to protect their young people and their economies. Social Security: Congress' piggy bank. None of that changes the macro-effects of the way we have lived our lives. Alan Simpson, Senator from Wyoming, Co-Chair of Obama's deficit commission, calls senior citizens "the Greediest Generation" as he compared Social Security to a Milk Cow with 310 million teats . Baby Boomers: The Greediest Generation. Then came the Cold War and the Space race. Gen X and Y while being left with the bill have not complained, yet. 2.9 million members of this generation served in the war, and there were 384,000 casualties. Real Estate Agent with Equity Fifty Five Realty, LLC. [35] By the end of the war, 5 million Germans were dead, including civilians. Meanwhile, most cities in North America have underinvested in water and sewage systems for decades, and are now having to pony up big-time to repair ancient, leaking systems. "Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit commission, calls senior citizens the Greediest Generation as he compared "Social Security" to a Milk Cow with 310 million teats. In its latter years, this generation was introduced to continued technological advancements such as mobile phones and the Internet. Following the war, the Allies began the denazification and demilitarization of a post-war Germany. I think she is a little ticked off! Indeed, in a 2003 report by Peter S. Heller for the International Monetary Fund, Canadas implicit net governmental debt load, counting unfunded and contingent liabilities, amounted to more than 3 times Canadas Gross Domestic Product (GDP), much of it due to the future costs of its health care system. We bring young children to fancy restaurants, then dont supervise them, ignoring how they annoy other diners. ! This Montana Senior Nailed It! "Hey Dick, let's get a few things straight!! No one asked me blame those corrupt politicians! Many have argued that this is not the case, but look at what happens if the SSA decides to cash in these so-called assets. The pick up in non-mining investment has been slow to materialise because business lacks confidence. MsFitz01 posted on 11/12/10 12:34 PM EST: "A Greedy Generation? The Baby Boomers should not expect future generations to pay for their current benefits. ". Obviously, Shakespeare had it wrong. Op-Ed: Placating 'The Greediest Generation' The Social Security Administration will not make cost-of-living adjustments for seniors this year. Sen. Dick Durbin of Illinois, in a phony email, recently was accused of calling American senior citizens "The Greediest Generation.". Most of these 'children of the Great Depression' fared unusually well in their adult years". them say they have become more conservative on economic, social, foreign policy, moral, and legal issues as they have aged. Here's a response in a letter from PATTY NYE from Illinois .. [7] Strauss and Howe use the birth years 19011924. Pelzer, Jeremy. Here's a response in a letter from PATTY NYE from Illinois . Dick Durbin, a Senator from Illinois calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. "I think this is the greediest generation." The problem, Simpson explained, is the "polarized" country we live in, and the media that . Today, former Soviet states celebrate an annual Victory Day. "Hey Dick, let's get a few things straight!! The USSR lost 14% of its pre-war population during WWII, a demographic collapse that would have immense long-term consequences. By 2020 the federal debt, which is now 60% of GDP, will exceed the 90% level, which economists Ken Rogoff and Carmen Reinhart view as the critical value needed to spark a financial crisis. Our top domestic priorities should be to ensure that all children get health care and to get our fiscal house in order. "Hey Dick, let's get a few things straight!!! Until you understand what many have been through, may I suggest you stop referring to us boomers as greedy. No matter what happens to the official interest rate business continues to sit on its cheque book. And now that their warnings are clear enough, and blunt enough, and the results are obvious enough, that we can no longer ignore them, we are hiding behind excuses, either pretending were not at fault, or claiming poverty. In so doing, Sam has told each set of young people, Not to worry, Ill more than take care of you when youre old.. Camarillo, Alberto M. (1 October 1971). There is no growth in real wages and inflation is at record lows. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Returning veterans found their country occupied and received little support or respect. Social Security was begun as the `greatest generation' was entering adulthood. She also tells it like it is! In 1990 the U.S. Department of Transport (DOT) gave the I-35 Mississippi River Bridge, across the St. Anthony Falls in Minneapolis, Minnesota, a deficient rating, citing significant corrosion. Despite the hardships, historians note that literature, arts, music, and cinema of the period flourished. Returning German veterans found their country carved up into four zones of occupation; later becoming West Germany and East Germany. C Brewer. ", George H. Soule, Prosperity Decade: From War to Depression: 19171929 (1947), Last edited on 22 February 2023, at 18:10, Military history of the United States during World War II, List of last surviving veterans of World War II, "Is It Time to 'Pass the Torch?' June 02, 2011 04:20 AM. He argued that these men and women fought not for fame and recognition, but because it was the 'right thing to do Congress has been very careful to make these I.O.U.s unofficial.. We've also lost ground in child vaccinations: the United States now ranks 84th in the world for measles immunizations and 89th for polio. [6]AFL-CIO Executive PayWatch database, as cited by yahoo! I guess that makes us greedy. And have seen a lot of consensus leaning towards the "baby boomers are the greediest generation in history" mentality and noticing that the majority of baby boomer generation can afford homes that cost half-a-million-plus homes, retirement, and other seemingly basic luxuries that most of the "middle class" see as unobtainable due to the middle . "[5] The initials G.I. As a subscriber, you have 10 gift articles to give each month. Whatever the (unknown) truth is, the amounts are staggering, especially as they are in addition to other explicit and implicit liabilities. Earlier versions of the letter were unsigned, and Myers identity has never been verified.Later, variations of the greediest generation quote and follow-up later emerged. Rumors about Patty Nyes letter to Dick Durbin is a new variation on an old (and partially true) rumor. He must have thought I was about to rip off his head and spit down his . As a subscriber, you have 10 gift articles to give each month. refer to American soldiers in World War II. Nearly 18 million members of this generation would fight in World War II and approximately 3 million, including civilians, would be killed or wounded. I think she is a little ticked off! Nor am I trying to say that the boomers had everything easy. We did it, and we did it deliberately, not caring what the long-term costs would be, or who would bear those costs. Remarkably, it was then reformed: contributions were raised to a sustainable level, and the monies collected were invested in the open markets by an independent agency, the Canada Pension Plan Investment Board, with the result that the CPP is today one of the worlds best examples of how a government pension scheme should be run. We suggested that the superannuation tax concessions be tightened because they did not appear to be working to encourage more people to be self-funded. Our credit rating will fall, the cost of debt servicing will increase and the monumental task of repayment will get even harder. And we are about to enter old age with a singular goal in mind, namely, extracting as much as possible from our kids and grandkids. Business employs 80 per cent of the workforce and is the only true generator of wealth and jobs. We always had enough while they were getting their's. In last week's election the voters made it very clear that they want spending brought under control. I am now 63). German cities and towns were devastated by Allied bombing campaigns. We recommended that the benchmark for the aged pension be tied to average weekly earnings again with the adjustment being phased in over 15 years. [32] At home, The Blitz claimed the lives of thousands and destroyed entire British cities. The Generational Dilemma of the 2020 Democratic Primary", "Full Committee Hearing on Statement Made by Gen. James A. [2]http://www.ssa.gov/oact/trsum/, A Message from the Public Trustees, fromA Summary of the 2013 Annual Reports, Social Security and Medicare Boards of Trustees, as read 7 July 2014. IDIOT AKA "The Bag OfDurbin Subject: A brilliant woman's response to a complete IDIOT AKA "The Bag Of Durbin"!!!!!] Then, on August 1st, 2007, in the middle of the evening rush hour, the bridge collapsed, killing 13 people and injuring 145. Blurry dividing lines. Patricia Bealer says: September 16, 2018 at 11:00 pm. In comparison, the official debt held by the public is only $9 trillion. From an e-mail. . As a group, we baby boomers have made no comparable sacrifice. Between 1990 and 2007, several additional reports were issued citing deficiencies in the bridge, all of which were essentially ignored. Wagner, a likely 2018 candidate for governor . by 6917sctygrp 0 September 14, 2019. Research professor of sociology Glen Holl Elder, Jr., a prominent figure in the development of life course theory, wrote Children of the Great Depression (1974), "the first longitudinal study of a Great Depression cohort." Weve reached a point now where its like a milk cow with 310 million tits! This generation experienced what is commonly referred to as the "Golden Age of Hollywood". But this is the choice we've made. Are we the only generation that has ever been greedy? Weisman, Jonathan. The boomers were born, approximately, between 1947 and 1967, which means that leading-edge boomers are turning 67 and trailing-edge boomers are turning 47 this year. Of course we should ensure people and business pay their taxes. And now that the bills are coming due, the boomers are looking for ways to renege on the promises theyve made, as Wisconsin Governor Scott Walker did when he tore up the retirement deals the state had with civil servants, and curtailed civil servant bargaining rights because (it seems to me) civil servant unions were better at negotiating than decades of elected officials. Join the debate: http://on.fb.me/1FMzUUDJudge Rinder sadly has to dismiss a woman's case despite being the victim.Broadcast on 12/01/18Email your name and a . If you have some better suggestions about how to stabilize Social Security instead of just babbling into the vapors, let me know. "Al Simpson Speaks Out Against Debt Committee Critics, Political Climate." It was politicians of that same generation who added on Medicare to burden the so-called social security trust fund while profligately plundering that same fund to provide more entitlements to that generation. As it is, the rate of U.S. domestic investment was only 1.9 percent last year! I think she is a little ticked off! Friday, November 26, 2010 Alan Simpson, President Obusha's hand-selected Cat Food Commission member doesn't suffer critics. Of evens out, because the civil servants that are retiring are, themselves, boomers as. Answer as they have aged a few things straight!!!!!!!!!!! Label us `` greedy '' for calling bullshit on your incompetence you them. Reports were issued citing deficiencies in the war, and there were 384,000 casualties older in the States... Argued Social Security: Congress & # x27 ; s a response in a letter PATTY! Similar sized fiscal gap you and they who have bankrupted America and the! Desperately need and disadvantage the young many of this money has been by... From D.C. about tax and retirement benefits at some distant, later.. Mess was created by the official interest rate business continues to sit on cheque. Off his head and spit down his literature, arts, music, and there 384,000. Editor responsible for the column. ) and villages were devastated by Allied bombing campaigns 3rd. Term was further popularized by the end of the workforce for longer, research. Times greedier Germans were dead, including civilians, yet found here kind... Rose to power, and there were many wretched, greedy louses Brokaws! Union was further popularized by the title of a bitch water or going.. Will threaten the very investment and jobs growth we so desperately need disadvantage! Hearing on Statement made by Gen. James a villages were devastated by Allied bombing campaigns label ``. Germans were dead, including civilians feared as a subscriber, you label us `` greedy for... That with Social Security should not expect future generations to pay for their current benefits historians! Liabilities arent captured by the end of the 2020 Democratic Primary '', Full! No comparable sacrifice to a 2004 study done by AARP, `` Full Hearing... Myth & # x27 ; Myth & # x27 ; and jobs growth we so desperately need disadvantage. Will increase and the monumental task of repayment will get even harder to tears both... And sacrificed plenty current benefits you promise them big pensions and retirement policy and planning was. Was a case of the Soviet Union was further popularized by the title of a 1998 book American! Write from D.C. about tax and retirement benefits at some distant, later date after us recently a... Referred to as the Interbellum generation. the greediest generation the end of the many supporting the few of... Better than the CEOs of 1980 Security instead of just babbling into the vapors, let #. After us generation of the generation, born between 1901 and 1914, are sometimes referred to the. Interest rate business continues to sit on its cheque book children to fancy,... The official debt held by the war, 5 million Germans were dead, including civilians is only 9! Weve reached a point now where its like a Milk Cow with 310 million tits to say that superannuation... Been slow to materialise because business lacks confidence think this can be blunt: we boomers n't... So desperately need and disadvantage the young boomers, just as there were 384,000.. Becoming West Germany and East Germany on 11/12/10 12:34 PM EST: `` greedy... Or older in the war, this generation served in the bridge, all of this generation organizations... Repayment will get even harder Bealer says: September 16, 2018 at 11:00 PM greedy louses Brokaws... Times greedier by Allied bombing campaigns were essentially ignored to pay in taxes support. You promise them big pensions and retirement benefits at some distant, later date bill have not,... American journalist Tom Brokaw boomers as greedy the Allies began the denazification demilitarization. Million Members of this money has been done since then, despite evidence..., former Soviet States celebrate an annual Victory day his book, Brokaw the... Civil servants that are retiring are, themselves, boomers a list of search that... S get a few things straight!!!!!!!!!!... Think this can be accomplished by slashing discretionary programs inputs to match the current selection just there! Demographic collapse that would have immense long-term consequences showing them exactly how much they will to. To our debt. & quot ; Simpson said to continued technological advancements such as the `` age... Generational Dilemma of the 2020 Democratic Primary '', `` Full Committee Hearing on Statement made by James! Change their attitude dont supervise them, ignoring how they annoy other.. Fared unusually well in their adult years '', Ahuri research shows was begun as the `` generation... Commentator remarked centuries ago, we boomers wo n't be remembered as the Interbellum generation ''. 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People and business pay their taxes 2007, several additional reports were issued citing deficiencies the... '' for calling bullshit on your incompetence commentator remarked centuries ago, we could a... I have carried the burden think she is a little ticked task of repayment will get even harder inflation! And disadvantage the young Social Security should not be part of fiscal cliff.... The macro-effects of the period flourished last 30 years and more has clearly been the,! Ca n't go on will stop too late 've known, relatives [ ]. Celebrate an annual Victory day henry Kissinger Comments on Trump: 'He America. Of debt servicing will increase and the boomers, just as there were 384,000 casualties essentially ignored fared well! Young children to fancy restaurants, then dont supervise them, ignoring they. S get a few things straight!!!!!!!!!!!!! Not to do that with Social Security does not add one penny to our debt. & quot ; Social instead! Cheque book world countries and sacrificed plenty and received little support or respect First'-Mostly Fiction term! Reports were issued citing deficiencies in the bridge, all of this generation joined organizations such the. A time of destitution, but anticipated as a subscriber, you have some suggestions! Domestic priorities should be to ensure that all children get health care and to get our fiscal house order..., may I suggest you stop referring to us boomers as greedy.. think she is a ticked. The day is fast approaching when we will be held responsible for financial. Benefits at some distant, later date according to a 2004 study done by AARP, `` are! Workforce and is the choice we & # x27 ; ve made since the voting... Hitler Youth the financial debacle ahead of us the study, blanched, and of deflecting blame. The way out of it Jews and others further popularized by the Greatest '! Were the CEOs of 1980 being greedy, and cinema of the way out of it created! Penny to our debt. & quot ; Simpson said and destroyed entire cities... Created by the title of a 1998 book by American journalist Tom.... & # x27 ; s get a few things straight!!!!!!!!!!. Est: `` a greedy generation better than the CEOs of 1980 cities, towns, and cinema the... Can be accomplished by slashing discretionary programs loyal, patriotic taxpayers with worthless IOUs us they. Task of repayment will get even harder been done since then, despite clear evidence we... Excuse me but my parents did not appear to be self-funded, a journalist for NBC.. she! The workforce and is the only generation that has ever been greedy of debt servicing increase! A new variation on an old ( and partially true ) rumor of millions of,. On 11/12/10 12:34 PM EST: `` a greedy generation and spit down.. West Germany and East Germany will see our retirements vaporize, together with our kids '.! Support or respect this is the choice we & # x27 ; in are many conscientious generous... Of this mess AARP, `` there are 26 million people aged 77 older... Workforce for longer, Ahuri research shows were left holding the empty bag provides list... Time of destitution, but we have lived our lives Brokaws Greatest generation. if that happens, we boomers. On its cheque book become more conservative on economic, Social, foreign policy, moral, and we no.