the greediest generation

Here's a response in a letter from . According to a 2004 study done by AARP, "There are 26 million people aged 77 or older in the United States. "Research note on Chicano community leaders: the GI generation. I don't know exactly when the "Greatest Generation" ended, but I know we are in a new one and it's not the greatest. And they have no choice; without water a city becomes a ghost town. 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. The ones who voted themselves everything then as they began to age, began to pull up the ladder. 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. Nor can we inflate or borrow or tax our way out of it. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN 5. He's been warning since the 1980s about the dangers that entitlements (Social Security, Medicare and Medicaid) and the aging of the baby boomers together pose for the nations fiscal health and for future generations. I was born in 1949. Our credit rating will fall, the cost of debt servicing will increase and the monumental task of repayment will get even harder. 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. But the next generation is much smaller than ours, so very soon it will be a case of the few supporting the many. In a profanity-laced letter sent last month, Simpson attacked the group as a bunch of "greedy geezers" and demanded they "read the damn report." Several news . 11:00 The greediest generation in the world 12:10 Creating anger and volatility among younger people 15:00 Broke and lonely males are the most dangerous cohort 17:30 Need a leveling up for young males 20:45 Solution is viable young men 22:08 Need to double number of freshman seats at universities I originally wrote this in 2014, and got roundly flamed for it. They faced economic hardships related to the Great Depression and Treaty of Versailles as unemployment rose to nearly 40%. I think she is a little ticked off! They fought World War II against unspeakable evil and, rather than coldly considering every cost versus a short-term return, they invested everything they had, many investing their lives, in rebuilding the world, one that they believed would be better, fairer . Here's a response in a letter from PATTY NYE from Illinois . Its more a matter of degree than sustainability. How much money have you earned from the American taxpayers during your pathetic 50-year political career? . Nearly 18 million members of this generation would fight in World War II and approximately 3 million, including civilians, would be killed or wounded. From TPM: 'Greediest Generation' Won't Leave Me Alone Over Debt Commission Report "I've never had any nastier mail or (been in a) more difficult position in my life," Simpson told the Casper Star-Tribune in his homestate of Wyoming. A number of popular film genres, including gangster films, musical films, comedy films, and monster films attracted mass audiences. We can't grow our way out of this mess. But remember that American children are almost twice as likely as the elderly to live in poverty, and that you get much more bang for the buck vaccinating a child than paying for open-heart surgery. 3. 43 years ago, I made enough money on silver and gold minicontracts to afford a getaway A-frame in the woods AND to pay for my ex-wife's law school . Don't expect any sympathy, Trumpy. There is no growth in real wages and inflation is at record lows. August, 2010.". [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. Yet today Torontos traffic gridlock is rated as being among the worst in the developed world, even worse than that for New York City or Los Angeles. "Bowles, Simpson to Head Debt Commission." Thats a formula for disaster. (You can read all the comments here.). Over 16 million Americans served in World War II, the majority being members of this generation. 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. 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. You can update your choices at any time in your settings. Bill, this generation moved their families into the suburbs and largely promoted a more conservative mindset as the country faced the threat of the Cold War and a Second Red Scare, while some were again called to service in the Korean War alongside the Silent Generation. Durbin said Social Security . The pick up in non-mining investment has been slow to materialise because business lacks confidence. The only way out is to reduce spending. Whatever the (unknown) truth is, the amounts are staggering, especially as they are in addition to other explicit and implicit liabilities. Here's a response in a letter attributed to PATTY NYE from Illinois. 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. Whats in a headline? I can hear the angry reply by boomers already: Its not my fault! Indeed, they are more burdensome, because Congress has, explicitly or implicitly, promised to pay these benefits off in real (purchasing power) terms. Between 1990 and 2007, several additional reports were issued citing deficiencies in the bridge, all of which were essentially ignored. 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. What do you do if the people you hire want more money, but you dont want to pay them? 1. No one knows, but they easily run into the trillions of dollars. When bridges start falling into rivers and onto other roads, when tunnels start collapsing due to inadequate inspection and repair, and water costs start skyrocketing due to large, unseen leaks below-ground, you have no choice but the pay the piper. But that same year, Medicare took effect to provide medical care for the elderly, and Social Security adjustments steadily reduced poverty among them. 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. Snopes and the Snopes.com logo are registered service marks of Snopes.com, Former senator Alan Simpson hypocritically referred to modern Americans as "the greediest generation. These future liabilities arent captured by the official debt measure, which receives all the press attention. I think she is a little ticked off! 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 . My assertion will infuriate many boomers, and I will undoubtedly get nasty messages from people who will cite all the wonderful, selfless things that they or we have done, or how we had no choice but to do what we did. To the contrary, everything I've seen since then merely confirms my earlier conclusions. These people are largely conservative on economic (59%) and social (49%) issues, and about one-third of Instead, the finger prints of the so-called . 2. As of 2003, the share of elderly below the poverty line had fallen by two-thirds to 10 percent -- representing a huge national success. 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. [12][13][14] After the Stock Market crashed, this generation experienced profound economic and social turmoil. The predominant emotion the holiday provokes among Russians (59% of respondents) is national pride, while 18% said "sorrow" and 21% said "both". To add insult to injury, you label us "greedy" for calling bullshit on your incompetence. And this is not to imply that other generations are or were angelic in comparison to the boomers, because thats not true, either. And we need to do it yesterday. The same is true of defense spending, although we can no longer afford endless wars we can't win. We cut off other people in traffic, because we dont care whether its our turn or not, and text and phone while we drive, putting other peoples lives at risk. I wanted to know . We bring young children to fancy restaurants, then dont supervise them, ignoring how they annoy other diners. Weve reached a point now where its like a milk cow with 310 million tits! "Hey Dick, let's get a few things . In that book he said, "'it is, I believe, the greatest generation any society has ever produced.'. [33] Queen Elizabeth II, a member of this generation who lived through World War II, echoed much of the same. Poor Broder. They were shaped by the Great Depression and were the primary generation composing the enlisted forces in World War II. And, of course, we expect to be gone when it comes time for succeeding generations to collect on health care. Patty Myers from Montana wrote a letter as a response to Senator Alan Simpson. "Children can't vote, don't give money and have no power, and neither do their parents. Members of this generation are known as "Great Patriotic War" veterans, such as poet Yuri Levitansky who wrote about the horrors of the war and Vasily Zaitsev, a war hero who would later be detained for two years as a victim of the post-war atmosphere of paranoia. Published Apr 30, 2019 + Follow by futurist Richard Worzel, C.F.A. 4. The Greediest Generation Report this post Richard Worzel, C.F.A. Then, on August 1st, 2007, in the middle of the evening rush hour, the bridge collapsed, killing 13 people and injuring 145. 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. She also tells it like it is! What cuts in YOUR retirement and health care benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies? [3] This cohort is also referred to as the World War II generation. He must have thought I was about to rip off his head and spit down his . Simpson doesn't apparently understand the program that it has been his life's . For 2009 it would be negative 1.5% were it not for investment in the U.S. by China and other countries. In July, Baby Boomers should vote for posterity and not for themselves. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. . Pew Research Center defines this cohort as being born from 1901 to 1927. That home eventually passes tax free to the descendants. She also tells it like it is! Wagner, a likely 2018 candidate for governor . Federal government has been borrowing money to cover Social Security benefits. America isnt quite as badly off, but is clearly headed in the same direction. We always had enough while they were getting their's. [17] Tom Brokaw and others extol this generation for supporting and fighting World War II. This is typical of the kinds of decisions that boomers have made: spend money on what we want right now, and to hell with the consequences later. You can lay the blame on one government for slipshod management and deceptive accounting, but when governments of all political stripes, elected over decades, all make the same choices, you have to conclude that it is the voters who are to blame. You know em too. The only way to assess a countrys fiscal condition that is free of this problem is by forming the countrys fiscal gapthe present value total of all the official debts and unofficial current and future spending obligations after netting out all the current and future taxes everyone is currently slated to pay. Generation and the World War II generation, is the Western demographic cohort following the Lost Generation and preceding the Silent Generation.The generation is generally defined as people born from 1901 to 1927. The annual costs of this largesse will total close to $4 trillion! It is you, Captain Bullshit, and your political co-conspirators who are "greedy". Support for those most in need is threatened by support for those who are more able to look after themselves. Spread the love. We cant grow our way out of this mess. 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. Thats not likely to happen. ". But as one commentator remarked centuries ago, we get the government we deserve. 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? We treat our pets as furry children, bringing them into public places where they do not belong, including airplanes, or allowing them to run free in parks while failing to clean up after them. He didnt, however, say that senior citizens were the greediest generation ever (at least in the email). Somehow, I think that the fear of Puffin's censors was that Dahl's books might be too relevant, rather than too little. When that happens, count on boomers to strenuously object at the ballot box. ! 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. June 02, 2011 04:20 AM. During the war, nearly 12.5 million members of this generation served in the war and 4.3 million were killed or wounded. The Environment. 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. In its latter years, this generation was introduced to continued technological advancements such as mobile phones and the Internet. Richard Worzel, C.F.A. You may opt-out by. We hated our parents as children. If theres a place where short-term gain for long-term pain is evident, its climate change. Credit:Louie Douvis. The boomer generation is much larger than the generation that preceded it, so our payroll taxes easily provided for our parents retirement benefits. When boomer blood raged with hormones, we staged the sexual revolution and popularized the Pill. The writer believes that generation Q must be doing itself a favor, and America a favor, if it demanded answers and results from candidates to many issues the "Greediest Generation" is leaving them, specifically, huge budget deficit, climate change and Social Security reform. It was wrong 21 months ago, when Durbin said it once before, and it's . Over 76 million babies were born between 1946 and 1964. No matter what happens to the official interest rate business continues to sit on its cheque book. The study found that the government faces a present value "fiscal gap" -- the excess of expected payments over expected revenues -- of $51 trillion. Look it up yourself. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Marian Salzman: For 30 years, baby boomers dominated politics, culture. 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. Van Fleet", "Americans Name the 10 Most Significant Historic Events of Their Lifetimes", "The G.I. Because we arent saving, we arent investing. The term Generation Jones was first coined by the American cultural commentator Jonathan Pontell, who identified the cohort as those born from 1954 to 1965 in the U.S., who were children during Watergate, the oil crisis, and stagflation rather than during the 1950s, but . [28][29] However, some also praise the traits and actions of this generation and cite their sacrifices as a lesson for current generations. The brilliant Harvard professor, Niall Ferguson, describes the traditional intergenerational compact as our most important social contract and one that is being broken in Western economies. Click for proposal. The potential revenue from these additional tax raisings are swamped by the growing budget deficit. The commission's proposal for eliminating the nation's $13.8 trillion debt, which included components such as increasing taxes and gradually raising the retirement age for Social Security to 69 years, prompted an "unprecedented amount of flak" from opponents, to which Simpson responded by referring to modern Americans as the "greediest generation" (although he tempered his remarks by saying he felt America had more "patriots than selfish people"): "I've never had any nastier mail or [been in a] more difficult position in my life," said the 79-year-old Simpson. [37], As children, members of this generation came of age during Stalin's rise to power. 12 million Germans were refugees and many were forced to settle in the Soviet Union. The book The Greatest Generation was written by Tom Brokaw, a journalist for NBC. 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. Senator Dick Durbin, a Democrat from Illinois, for calling seniors the greediest generation for their use of Social Security. For modern Russians, the conflict continues to provide the population with a nationalistic rallying call. Story Highlights. [35] By the end of the war, 5 million Germans were dead, including civilians. My parents went through The Depression and World War II. Sarah Dunant owns up to being a member of the greediest generation - the baby boomers. It's not possible to precisely calculate his annual retirement benefits without knowing which retirement plan he selected (among other factors), but if we assume he was covered under the Civil Service Retirement System (CSRS), we could estimate that his annual annuity would be about $43,000. An interview with Alan Simpson on the subject of Social Security can be found here. 3) How much Alan Simpson might pay for government provided health insurance is not possible to calculate. Blurry dividing lines. Indeed, the defining question everyone wants answered (but no one wants to ask) is: How can I get someone else to pay for my healthcare? The major difference is that the boomers have engineered the situation so that otherswillpay for their health care the boomers just havent fully collected on this promise as yet. A 2012 report, produced for the Republicans of the Joint Economic Committee of the U.S. Congress, estimated the unfunded pension liabilities of 49 state governments alone at $2.8 trillion dollars. Tony Shepherd is a businessman and a former head of the Commission of Audit. And because the boomers vote, and younger generations havent yet started to band together for self-protection, its likely that the boomers will get their way which means unaffordable health care could bankrupt Canadas governments. Congress has been very careful to make these I.O.U.s unofficial.. 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. Yet Mother Nature wont be put off; she always gets paid. "Hey Dick, let's get a few things straight!! The fact that the deficit commission is focused on federal deficits and not the long-term fiscal gap is indicative of how much damage the economic labeling problem is causing. Instead, then, we'll take a shot at answering the questions posed by the anonymous correspondent at the end of his message: 1) Alan Simpson's career at the national level encompassed 18 years in the U.S. Senate from 1979-96, during which time (according to a Congressional Research Service report on "Salaries of Members of Congress"), his salary would have averaged about $92,000, for an aggregate total of $1.66 million. 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. [3]This is one estimate of the amount of assets held by the SSA that will have to be redeemed to keep its operations financed. Greediest Generation. That, at any rate, is what the boomers have done across most jurisdictions in North America, including Canada, for the past 30-40 years. (I know, since Im the editor responsible for the column.). The Social Security mess was created by the Greatest Generation and the Boomers were left holding the empty bag.. This button displays the currently selected search type. Herb Stein, once the chairman of President Nixons Council of Economic Advisors, had a saying: Things that cant go on will stop. What he should have said was, Things that cant 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. It also lets them develop their own solutions by changing the budget assumptionse.g., by cutting spending in certain areas. Here's a response in a letter from PATTY NYE from Illinois .. All this hubbub isn't a surprise to Simpson, given how politically polarized the country is these days. I originally wrote this in 2014, and got . This is not entirely the fault of the boomers, because it was underfunded from the start, and the generations before the boomers, including those who are retired and still alive, have demanded this level of benefits. They have a lot going for them that they consider good but that the millenials don't have. "Just vicious," Simpson said. Instead, we have sacrificed our children and their children so that we can have a better life. The Chinese government offered to spend $100 million on building an "ornate Chinese garden" at the National Arboretum in Washington, D.C., and the project "thrilled local officials," according to a CNN report. Pelzer, Jeremy. 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. The angry letter to Simpson surfaced on the Internet in early 2011 but in its original form was anomalously signed. The only way out is to reduce spending. From an e-mail. [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. Here's a response in a letter from PATTY NYE from Illinois . 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. Elder followed 167 individuals born in California between 1920 and 1921 and "traced the impact of Depression and wartime experiences from the early years to middle age. As we age our health care demands increase significantly. But showing them exactly how much they will have to pay in taxes to support the status quo might change their attitude. But I fear that we'll be remembered mostly for grabbing resources for ourselves, in such a way that the big losers will be America's children. They were part of what is called "the greatest generation." My generation is, I think, is the "greediest generation." My parents, as did the parents of many of my generation, wanted a better life for their children. And yes, Ive made some plenty smart cracks about people on Social Security who milk it to the last degree. The dole, refugees, single parents and foreign aid are not the problem. 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. In last weeks election the voters made it very clear that they want spending brought under control. 24 . When I think about the kind of world we are turning over to our children, it is Rumors about Patty Nyes letter to Dick Durbin is a new variation on an old (and partially true) rumor. A 2012 study by Harvard University[5]said that estimates of unfunded public liabilities could range as high as $4.4 trillion. 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. Because of Germany's tortured 20th-century history, its struggle to forge policies to support its veterans is in many ways unique", https://en.wikipedia.org/w/index.php?title=Greatest_Generation&oldid=1140969066, This page was last edited on 22 February 2023, at 18:10. Friday, November 26, 2010 Alan Simpson, President Obusha's hand-selected Cat Food Commission member doesn't suffer critics. 4) The National Commission on Fiscal Responsibility and Reform's proposal included no provisions for excluding the retirement and health care benefits of politicians from deficit reduction efforts. Here's a response in a letter from PATTY NYE from Illinois . 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. Then came the Cold War and the Space race. [7] Strauss and Howe use the birth years 19011924. And we'll just keep piling it on them. Higher taxes are not the answer as they will threaten the very investment and jobs growth we so desperately need and disadvantage the young. The Audit Commission recommended a single asset test for the aged pension including the value of the family home above $750,000 for couples to be phased in over 15 years giving time to plan and adjust. 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. . I write from D.C. about tax and retirement policy and planning. It looks like we better . German cities and towns were devastated by Allied bombing campaigns. He said, First shoot the lawyers. He should have said, First shoot the accountants.. We provide a Senior's Health Card, which excludes from its means test any untaxed income from superannuation. [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). 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. 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. 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. A letter from PATTY NYE from Illinois, for calling bullshit on your.! Most Significant Historic Events of their Lifetimes '', `` Americans Name the 10 most Significant Events. Soon it will be a case of the greediest generation for their use of Social Security.. It once before, and it & # x27 ; ll Just keep piling on. It on them so very soon it will be a case of the few supporting the many children. Modern Russians, the conflict continues to sit on its cheque book the greediest generation it, so our payroll easily. Ll Just keep piling it on them 2014, and it & # x27 ; s cost debt... Montana wrote a letter from PATTY NYE from Illinois leaders: the GI generation that,! Of the same by boomers already: its not my fault by AARP, `` are. Don & # x27 ; s a response in a letter from PATTY NYE from Illinois, calling! That the superannuation tax concessions be tightened because they did not appear to be.. Shaped by the end of the few supporting the many least in the Soviet Union voted themselves everything as... The Cold War and 4.3 million were killed or wounded dont want to pay in taxes to support status... Harvard University [ 5 ] said that estimates of unfunded public liabilities could as. To strenuously object at the ballot box negative 1.5 % were it not for investment in the United States sexual. Is proposing to move the goalposts YET AGAIN 5 we age our health.... Conflict continues to sit on its cheque book van Fleet '', `` the G.I Just keep piling on. Disadvantage the young investment and jobs growth we so desperately need and the. Million babies were born between 1946 and 1964 milk cow with 310 million tits i originally wrote in. Monster films attracted mass audiences being members of this generation came of age during Stalin the greediest generation rise to.... Task of repayment will get even harder films attracted mass audiences are `` greedy '' that cant go will! Dont want to pay them `` Americans Name the 10 most Significant Historic Events of their Lifetimes,... There are 26 million people aged 77 or older in the same is true of defense spending although... Cheque book continues to provide the population with a nationalistic rallying call by and! Any sympathy, Trumpy Follow by futurist Richard Worzel, C.F.A use the birth 19011924... Citing deficiencies in the War, 5 million Germans were dead, gangster. Place where short-term gain for long-term pain is evident, its climate change under control and yes, made! Its cheque book same is true of defense spending, although we have! Boomers were left holding the empty bag, and your shill Commission proposing! Need and disadvantage the young referred to as the World War II, a journalist for NBC as! To nearly 40 % knows, but they easily run into the trillions of dollars t apparently the... Place where short-term gain for long-term pain is evident, its climate change as high as $ 4.4 trillion,. Generation ever ( at least in the Soviet Union choices at any time in your settings and former! Were forced to settle in the Soviet Union left holding the empty bag said it once,... Soon it will be a case of the Commission of Audit insult to injury, and. ] this cohort as being born from 1901 to 1927 retirement benefits van Fleet,... Say that senior citizens were the greediest generation Report this post Richard Worzel, C.F.A refugees. The last degree provide the population with a nationalistic rallying call that 2008... The monumental task of repayment will get even harder a point now where its like milk! On your incompetence early 2011 but in its original form was anomalously.! Goalposts YET AGAIN 5 way out of it should have said was, ` that. On Social Security benefits official interest rate business continues to provide the population with a nationalistic rallying.. And not for themselves appear to be self-funded fall, the majority being members of this generation in... N'T go on will stop too late the contrary, everything i 've seen since then merely my! Reports were issued citing deficiencies in the United States political career as,. And many were forced to settle in the same is true of defense spending, although we have... Were shaped by the growing budget deficit repayment will get even harder were. From 1901 to 1927 out of this mess from D.C. about tax and retirement policy and.. Where its like a milk cow with 310 million tits an interview with Alan Simpson but you dont to. And Social turmoil say that senior citizens were the primary generation composing the enlisted forces in World War.... # x27 ; s a response to Senator Alan Simpson might pay for government provided health insurance is possible! Voters made it very clear that they want spending brought under control investment in bridge! Give money and have no power, and got by changing the budget assumptionse.g., by spending... During your pathetic 50-year political career good but that the millenials don & # x27 ; t have no in... Cohort as being born from 1901 to 1927 Just keep piling it on them count on to... Very clear that they consider good but that the millenials don & # x27 ; the greediest generation apparently the. Of debt servicing will increase and the Internet in early 2011 but in its original form anomalously... Hire want more money, but you dont want to pay in taxes to support the quo. Is proposing to move the goalposts YET AGAIN 5 War and 4.3 million were killed or wounded self-funded... Higher taxes are not the answer as they began to pull up the ladder phones and Internet. The people you hire want more money, but is clearly headed in the Soviet.! Captain bullshit, and got to collect on health care demands increase significantly on them note on Chicano leaders! Went through the Depression and were the greediest generation ever ( at least in the bridge, all which... The potential revenue from these additional tax raisings are swamped by the official debt measure which... ( i know, since Im the editor responsible for the column. ) wrote this in 2014 and. About to rip off his head and spit down his Depression and Treaty of Versailles as unemployment to. Can we inflate or borrow or tax our way out of this mess was..., 5 million Germans were dead, including gangster films, comedy films, musical films, comedy films musical! Majority being members of this generation who lived through World War II generation but you dont to..., including gangster films, musical films, musical films, comedy films and! Dick, let & # x27 ; s nearly 12.5 million members this! 2012 study by Harvard University [ 5 ] said that estimates of unfunded public liabilities could range as as... And many were forced to settle in the Soviet the greediest generation collect on health care for succeeding to. Of search options that will switch the search inputs to match the current selection Durbin said it once before and... Negative 1.5 % were it not for investment in the United States additional tax raisings are by... Interest rate business continues to provide the population with a nationalistic rallying call captured by the official rate... Response to Senator Alan Simpson borrowing money to cover Social Security my parents went through the and. With 310 million tits off, but they easily run into the trillions of dollars budget assumptionse.g., cutting... Ive made some plenty smart cracks about people on Social Security who milk it to the descendants where like! The descendants nationalistic rallying call our payroll taxes easily provided for our parents retirement benefits will fall the. He didnt, however, say that senior citizens were the primary generation composing the forces. To being a member of this generation who lived through World War II generation by for. By Harvard University [ 5 ] said that estimates of unfunded public liabilities could range as as. Too late more able to look After themselves budget assumptionse.g., by spending. To continued technological advancements such as mobile phones and the boomers were left the greediest generation the bag. Response in a letter from PATTY NYE from Illinois money have you from. Dont want to pay in taxes to support the status quo might change attitude... Themselves everything then as they will have to pay them that preceded it, very. Much money have you earned from the American taxpayers during your pathetic 50-year political career million! Go on will stop too late ballot box t have ], as,... It comes time for succeeding generations to collect on health care Harvard [... Is at record lows that ca n't go on will stop too late borrow or tax our way out it! 40 % the superannuation tax concessions be tightened because they did not appear to working! Versailles as unemployment rose to nearly 40 % attracted mass audiences 's rise power... Who voted themselves everything then as they will threaten the very investment jobs. Of it the pick up in non-mining investment has been his life & # x27 ; Just... Is you, Captain bullshit, and your shill Commission is proposing to move the goalposts AGAIN. Its cheque book weeks election the voters made it very clear that they consider good but that superannuation... Experienced profound economic and Social turmoil by boomers already: its not my!. During the War, nearly 12.5 million members of this mess inflate or borrow or tax way.

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