Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Who Destroyed the Economy? The Case Against the Baby Boomers
The Atlantic ^ | 10/08/2012 | Jim Tankersley

Posted on 10/08/2012 8:11:26 AM PDT by SeekAndFind

Retirees and near-retirees are leaving behind a devastated economy for their children ... but are we doing anything to fix it? Here, two generations debate who's really to blame for the wreckage.

*****

CRESCENT LAKE, Ore.--My father taught me how to throw a baseball and divide big numbers in my head and build a life where I'd be home in time to eat dinner with my kid most nights. He and my mother put me through college and urged me to follow my dreams. He never complained when I entered a field even less respected than his. He lives across the country and still calls just to check in and say he loves me.

His name is Tom. He is 63, tall and lean, a contracts lawyer in a small Oregon town. A few wisps of hair still reach across his scalp. The moustache I have never seen him without has faded from deep brown to silver. The puns he tormented my younger brother and me with throughout our childhood have evolved, improbably, into the funniest jokes my 6-year-old son has ever heard. I love my dad fiercely, even though he's beaten me in every argument we've ever had except two, and even though he is, statistically and generationally speaking, a parasite.

This is the charge I've leveled against him on a summer day in our Pacific Northwest vision of paradise. I have asked my favorite attorney to represent a very troublesome client, the entire baby-boom generation, in what should be a slam-dunk trial--for me. On behalf of future generations, I am accusing him and all the other parasites his age of breaking the sacred bargain that every American generation will pass a better country on to its children than the one it inherited.

(Excerpt) Read more at theatlantic.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: babyboomers; economy
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-102 next last

1 posted on 10/08/2012 8:11:32 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind




2 posted on 10/08/2012 8:13:06 AM PDT by SeekAndFind (bOTRT)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I never blamed the Baby Boomers for the SS/Medicare mess. I blame them for having enough vocal and active members that were able to change the course of the country in the 60s. Also, I blame the “Greatest Generation” more for that. Like Dennis Prager says, they had great morals but failed to pass them on to their children.


3 posted on 10/08/2012 8:17:57 AM PDT by chargers fan
[ Post Reply | Private Reply | To 2 | View Replies]

To: chargers fan

The Greatest Generation was all for the too-good-to-be-true transfer of wealth that was the SS/Medicare Ponzi scheme.


4 posted on 10/08/2012 8:22:09 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

"On our way!"


5 posted on 10/08/2012 8:22:43 AM PDT by freedumb2003 (We can’t just leave it (food choice) up to the parents. -- moochele obozo 2/12/2012 (cnsnews))
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

HOw many posts before this thread turns into the typical FR war zone of “I earned my Social Security and Medicare and I’m taking every penny” vs. “You’re a greedy old moocher”??? Pass the popcorn.


6 posted on 10/08/2012 8:23:50 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
[ Post Reply | Private Reply | To 2 | View Replies]

To: chargers fan
Right now I'd wager that the senior voting block is the only thing keeping the liberals from a complete takeover of the federal government ala California.

Why continually antiagonize them with this kind of meaningless blame fixing?

7 posted on 10/08/2012 8:24:01 AM PDT by skeeter
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

There is only one root to blame for the current economy - CREDIT. Credit has the government spending money it does not have. Credit has launched the housing bubble through the Community Reinvestment Act selling mortgages to people who can’t afford them. And likewise, a large majority of Americans are spending money they dont have - I know, I was one of them.

It was not till I took Dave Ramsey’s Financial Peace training (currently on week 4) that I realized how the nation’s views of credit have changed so radically since the 1950’s.

Well I may have been contributing to the problem before but no longer. I cut up the card and closed the account last week. I still have a lot of debt to pay back and I will do it. It may be a tad uncomfortable beween now and then, but it will be acomplished and I WILL live debt free from now on.


8 posted on 10/08/2012 8:24:22 AM PDT by taxcontrol
[ Post Reply | Private Reply | To 1 | View Replies]

To: Opinionated Blowhard

agreed.

It is only a matter of time before the checks simply do not come no matter what anyone thinks of the debate.


9 posted on 10/08/2012 8:26:14 AM PDT by Snuph ("give me Liberty...")
[ Post Reply | Private Reply | To 6 | View Replies]

To: SeekAndFind

“Boomers will be the first generation of retirees to fully enjoy the Medicare prescription-drug benefit.”

Interesting. If this young man had any idea of how much Medicare is going to change under Obamacare, he would not be complaining of this. I lecture all over my state about Health Care. Folks currently over 55 are, by far, the hardest hit group by Obamacare.

Under Obamacare, by 2019, reimbursements to Doctors under Medicare will be LESS than Medicaid reimbursements. Medicaid is probably one of the worst medical programs in the world. What Obamacare accomplishes is to make sure seniors will receiving worse medical core than Medicaid currently gives.

It is going to be a huge shocker for seniors.


10 posted on 10/08/2012 8:26:14 AM PDT by ModelBreaker
[ Post Reply | Private Reply | To 1 | View Replies]

To: taxcontrol

My grandfather always said “ Credit is the ruination of a nation.”.


11 posted on 10/08/2012 8:27:36 AM PDT by Lurkina.n.Learnin (Ignorance is bliss- I'm stoked)
[ Post Reply | Private Reply | To 8 | View Replies]

To: 9YearLurker

My father, a wonderful man, a WWII vet, always said that he received more in SS & Medicare than he ever put in. He also said he wasn’t going to send the checks back, either, lol.

My baby boomer husband and I have been paying into these programs for over 40 years and have never been on food stamps, welfare, or medicaid.

In other words, there’s plenty of blame to spread around various generations.


12 posted on 10/08/2012 8:27:48 AM PDT by miss marmelstein
[ Post Reply | Private Reply | To 4 | View Replies]

To: skeeter
Right now I'd wager that the senior voting block is the only thing keeping the liberals from a complete takeover of the federal government ala California. Why continually antiagonize them with this kind of meaningless blame fixing?

Because enough of them sucked as parents to create brats who sent things to hell in a handbasket.

13 posted on 10/08/2012 8:28:04 AM PDT by chargers fan
[ Post Reply | Private Reply | To 7 | View Replies]

To: chargers fan

How many generations back shall we take that particular charge?


14 posted on 10/08/2012 8:30:00 AM PDT by skeeter
[ Post Reply | Private Reply | To 13 | View Replies]

To: SeekAndFind

The younger generation whining and crying again....Endlessly blaming others.

It seems this is all they do.


15 posted on 10/08/2012 8:31:05 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The economy was destroyed by the Dems attempt to make home ownership an entitlement.


16 posted on 10/08/2012 8:34:58 AM PDT by TruthWillWin (The problem with socialism is that you eventually run out of other peoples money.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: chargers fan

I remember a sixties where moms and dads were shocked and angered that everything they were trying to teach and hand down to their children was roundly and sneeringly rejected as being the BS of “the Establishment”. Families were being torn apart. There was NO “peace and love”. It was a violent decade in every respect. I hated the sixties.


17 posted on 10/08/2012 8:35:49 AM PDT by floralamiss
[ Post Reply | Private Reply | To 3 | View Replies]

To: chargers fan
So many Generational discussion participants completely ignore the "Silent Generation" which sits between the Greatest and the Boomers. Folks born between 1925 and 1945 were the kids during WWII and the Great Depression, and their childhoods were greatly influenced by huge government. This generation was largely influential during the '60's, and most of the liberal radicals that are identified in these threads are from this generation. The "Silents" were the Beat generation, the folk singers, the Berkley campus radicals and the parents of the majority of the boomers.

Look at little closer at this generation, and you will find that most of the blame you sling at the Boomers, rightly belongs with the Silents.

18 posted on 10/08/2012 8:36:09 AM PDT by Ol' Sox
[ Post Reply | Private Reply | To 3 | View Replies]

To: skeeter
How many generations back shall we take that particular charge?

All the way back. This is a problem that has been building since FDR instituted the first national transfer payment system in the 1930s. That is why it is unfair to say "the Boomers" are destroying the country by taking SS and Medicare. The Welfare State that was set up by the Dems in the 1930s and that was expanded in EACH generation since is what is destroying the country.

The answer isn't to cut off SS and Medicare but the answer isn't to let Boomers continue on with the program "as is" either.

19 posted on 10/08/2012 8:36:36 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
[ Post Reply | Private Reply | To 14 | View Replies]

To: miss marmelstein

My parents, in their 80’s, have raked in many, many times what they put into Medicare. Now early Baby Boomers are doing the same.


20 posted on 10/08/2012 8:37:28 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 12 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-102 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson