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Entitled Selfishness (Boomer Generation Is in a State of Denial)
The Washington Post ^ | Wednesday, January 10, 2007 | Robert J. Samuelson

Posted on 01/10/2007 1:53:55 AM PST by MinorityRepublican

As someone born in late 1945, I say this to the 76 million or so subsequent baby boomers and particularly to Bill Clinton and George W. Bush, our generation's leading politicians: Shame on us. We are trying to rob our children and grandchildren, putting the country's future at risk in the process. On one of the great issues of our time, the social and economic costs of our retirement, we have adopted a policy of selfish silence.

As Congress reconvenes, pledges of "fiscal responsibility" abound. Let me boldly predict: On retirement spending, this Congress will do nothing, just as previous Congresses have done nothing. Nancy Pelosi promises to "build a better future for all of America's children." If she were serious, she would back cuts in Social Security and Medicare. President Bush calls "entitlement spending" the central budget problem. If he were serious, he, too, would propose cuts in Social Security and Medicare.

They are not serious, because few Americans -- particularly prospective baby-boom retirees -- want them to be. There is a consensus against candor, because there is no constituency for candor. It's no secret that the 65-and-over population will double by 2030 (to almost 72 million, or 20 percent of the total population), but hardly anyone wants to face the implications:

By comparison, other budget issues, including the notorious earmarks, are trivial. In 2005, Social Security, Medicare and Medicaid (the main programs for the elderly) cost $1.034 trillion, twice the amount of defense spending and more than two-fifths of the total federal budget. These programs are projected to equal about three-quarters of the budget by 2030, if it remains constant as a share of national income.

Preserving present retirement benefits automatically imposes huge costs on the young -- costs that are economically unsound and socially unjust.

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


TOPICS: Business/Economy; Culture/Society; Extended News; Front Page News
KEYWORDS: babyboomers; economics; financial; genx; retirement; socialsecurity
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To: PistolPaknMama

Someone elected the fine politicians who stole all of the money out of that program to buy votes. Since X'ers weren't old enough to vote for "the great society" politicians...


51 posted on 01/10/2007 10:23:58 AM PST by ark_girl
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To: MinorityRepublican

Another reason why I still scratch my head about the last election. Does anyone, anywhere, at anytime believe a Democrat-controlled Congress will do anything about SS? In their desire to "show Bush we p!ssed," the American people have handed their wallets over Congress.


52 posted on 01/10/2007 10:28:12 AM PST by attiladhun2 (Islam is a despotism so vile that it would warm the heart of Orwell's Big Brother)
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To: David Isaac

The left has had a strangle-hold on the education apparatus for decades. They do not wish people to be smart. Actually they would cease to exist if people were properly educated.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Seldom has so much truth been uttered in so few well chosen words. I salute you!


53 posted on 01/10/2007 1:30:50 PM PST by RipSawyer (Does anybody still believe this is a free country?)
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To: CSM

That is one of the many reasons why I am convinced the Republic is dead!
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I would really like to believe that you are wrong, but then I would really like to believe in Santa Clause, I just can't convince myself. The Republic died years ago, it just hasn't been officially announced, hell most people don't even know we ever were supposed to have a Republic.


54 posted on 01/10/2007 1:41:25 PM PST by RipSawyer (Does anybody still believe this is a free country?)
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To: Lancey Howard

No problem, LH! You're right: Paul Samuelson was a dreadful economist. That's why I always specify that this is the "good Samuelson." I heard Rush criticizing this Samuelson and this article but I couldn't stick around for where he thinks Samuelson was really off the mark. I really do agree that I think Bush should have been given much more credit for taking on this issue early in his Administration and offering up a true reform fix. Unfortunately, the lamestream media didn't give him any credit or support at the time, the Dems in Congress refused to even offer to discuss it, and the weak RINOs in Congress ran for the hills as they are wont to do.


55 posted on 01/10/2007 1:48:26 PM PST by ReleaseTheHounds
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To: Polyxene
"This government has taken tens of thousands of dollars from me and from my husband by force of law. I want it back."

That's all? That's nothing! I'm well into six digits, maybe pushing seven at this point. Don't expect to see any of it back. Get over it. Wanting it back is part of what keeps us in the game. Better to write it off and move on as a sovereign individual.

56 posted on 01/10/2007 4:21:35 PM PST by Jack Black
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To: PistolPaknMama

You nailed it sister.


57 posted on 01/10/2007 4:26:32 PM PST by dforest (Liberals love crisis, create crisis and then dwell on them.)
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To: Renegade
Can't blame the parents for how kids turn out

Uh...no. Bad parenting is the #1 cause of bad kids. Good parents will find ways to get their kids under control even if they have to resort to tough love and will say to their kids "If everyone else jumps off a cliff, will you?" - Madison Avenue can be overcome.

If parents are totally blameless, my relatives will stay in business for a long time teaching remedial education. Not a problem for them. Let the bad parenting continue....and we thank you for your support.

58 posted on 01/10/2007 9:42:51 PM PST by superloser
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To: superloser

Then let's cahnge the context to " bad marriages " instead of bad parenting . In our school district the single parent percentage borders around 50%. No supervision = time to party hardy till MOM gets home from work or wherever she was that day( % more than dad cause he doesn't live with the kids .).


59 posted on 01/11/2007 4:35:54 AM PST by Renegade
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To: CDHart

ONE of the reasons I quit working for "pay" was because of the social security tax, as well as other taxes....it just wasn't worth it - I put in enough time to get benefits...plus by not working I have helped my husband gain more in his job....plus I'm too independent to work well in larger organizations....they're too much like government these days.....I like working on my long term project/s....maybe some day they will bear fruit!


60 posted on 01/11/2007 4:03:23 PM PST by goodnesswins (We need to cure Academentia)
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To: Renegade
That works a little better, but regardless, a parent will do what they can even if they are a single parent unless they have their priorities out of whack.

It really does come down to parenting and doing that right. There is nothing else to pin it on -- who else is raising the kids and has responsibility for them? Single moms with a clue get neighbors or other family members (even those 200+ miles away) to check on the kids. Church groups also help out if asked.

I know this works - I was the kid in that environment and what I outlined above DOES work. Especially if the kid is encouraged to get a job at age 15 to keep him out of trouble :-)

61 posted on 01/12/2007 12:37:24 AM PST by superloser
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To: goodnesswins
I wish you luck with them!

Carolyn

62 posted on 01/12/2007 4:51:40 AM PST by CDHart ("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
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To: Renegade

How much of what they have is purchased with credit? And how much of what they have is going to be used for medical care / nursing home costs? Co-pays get you every time from the doctors office to the prescription counter.


63 posted on 01/13/2007 9:12:48 AM PST by kcbc2001
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