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Are baby boomers to blame for debt crisis?
CNN ^ | 2011-07-29 | Ed Hornick

Posted on 07/30/2011 10:32:57 PM PDT by rabscuttle385

Baby boomers -- those born between 1946 and 1964 -- have been described as "the pig in the python" and the "sandwich generation."

They lived well, grew up in relative abundance and, some say, expected their Social Security, health care and government support to be there as they grew old.

Now, as the future of the country's economy is up in the air, is this group of 80 million aging Americans -- many of whom are sprinting toward retirement age -- the ones to blame for the nation's shaky economic system?

(snip)

Thomas Firey, a senior editor at the conservative Cato Institute and member of generation X, said it's unclear as to what's going to happen to Social Security.

"Under current law, what's supposed to happen is once the trust fund runs dry, the benefits are to be cut by roughly 25% to bring it back into balance. Each year's income will equalize the outflow," said Frey..."But no one expects that to happen. (So) are we going to raise taxes on current workers? Are we going to get rid of the tax?"

But criticizing baby boomers is not necessarily a politically wise thing to do, especially when it comes to their voting behavior.

(snip)

Jerry Shereshewsky, the self-described "chief grown-up" at the firm GrownUpMarketing, is a baby boomer. The 65-year-old said it's not his generation group to blame, it's Congress'.

"It was not a secret that this largest cohort in American history was going to get older every year," he said. "The fact that Congress has not done a very good job of keeping up with what is really happening in the world: life expectancy, better medical care. You give people a lot of cake and ice cream, they're going to eat it."

(Excerpt) Read more at articles.cnn.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: biggovernment; boomers; debt; fedzilla; gagdadbob; globalists; medicaid; medicare; nwo; onecosmosblog; rapeofliberty; republicrats; socialism; taxes
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To: Lauren BaRecall

Please explain.


51 posted on 07/30/2011 11:37:01 PM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: berdie

Exactly. When the moonbats start spouting off about drug control just point them to their savior FDR.


52 posted on 07/30/2011 11:37:37 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: rabscuttle385
I don't think it was the baby boomers fault per se, but the marxist-communist-hippie faction within their generation, who's heads were filled with communist crap by their communist affiliated parents, that brought this about. I think a lot of baby boomers bought into the lie that SS was their equivalent of a government sponsored 401k program, which in reality was just another cash cow that was milked dry.
53 posted on 07/30/2011 11:38:13 PM PDT by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: rabscuttle385

I can’t blame the greatest generation so much, because they were promised programs that would remain solvent, without being fiscally irresponsible.

But I do think anybody, who has been voting since the debt hit a trillion, who was not taking fiscal issues seriously enough who is at fault.


54 posted on 07/30/2011 11:38:20 PM PDT by Jonty30
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To: Lauren BaRecall

You hit the nail on the head!


55 posted on 07/30/2011 11:40:32 PM PDT by ru4liberty
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To: rabscuttle385

You imaginary alternative is non-existent.


56 posted on 07/30/2011 11:42:27 PM PDT by arrogantsob (Why do They hate her so much?)
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To: rabscuttle385

It was the so called “greatest generation” that set up this socialist trap for us to fall in to. We of course went along with it because it was “status quo”. As far as those that continue voting for the bankruptcy option that is part and parcel of their “love”, yes we bought into it by a solid majority. I blame the past generation, I blame our generation, and I hope the generation we spawned have enough sense to end it all with compassion and wisdom. As it is, we are all (*&^ed.


57 posted on 07/30/2011 11:43:06 PM PDT by runninglips (Republicans = 99 lb weaklings of politics.)
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To: rabscuttle385

Nope, I voted for JFK, not LBJ. We already knew LBJ was a commie. That’s why after our favorite son created his commie great society, WE basically kicked the commies out of our state, and started running it on our own, as far away from the feds as possible and still are today.

Yet the X & Y generations voted in Clinton and Obamajaad. GO FIGURE!


58 posted on 07/30/2011 11:43:22 PM PDT by RowdyFFC
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To: arrogantsob

What you say maybe true...or not.

What is largely forgotten is..up until the last ten years or so people relied on the MSM for their info. There was no 24 hour coverage on C-Span, no Rush, no Levin..etc.

If you watched the MSM today or read the newspapers ONLY...think of what lack of information you might have. That was all that was available for years.

The Tea Partiers are for the most part not young. It’s us geezers that are the engines of that movement. And...no...it isn’t because it suddenly affects us. It’s because we finally have information.


59 posted on 07/30/2011 11:43:51 PM PDT by berdie
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To: rabscuttle385

Gore lost because he lost his own state. The shit that you peddle here is tiresome. I have never taken a dime from Sam but he sure as hell has taken alot from me. I am a boomer and I would call you outside in a heartbeat. I am watching my Nation fall and your MTV generation ain’t helping.


60 posted on 07/30/2011 11:45:33 PM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

As do I..that’s why it was chosen. ;)


61 posted on 07/30/2011 11:47:29 PM PDT by berdie
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To: Lazlo in PA; All
I was born in 1939. We had an ice box and no AC or TV. Phones were party lines and when my sister was calling home from Maryland she would write and tell us the time and day she was calling.

Milk and ice were delivered in horse drawn wagons along with the junk man that when down the alley blowing his horn and you would take stuff out that he could pick up. (not garbage). Parents worried about Polio in the summer and one time our house was quarantined because one of us kids had either measles or chicken pox...The doctor came to the house and put the sign on the door. My father couldn't come home for over a week...

Compare that to what we live with today and I'd say everyone is too blame....Kids want to start out today with a house the size that it took there parents 30 years to pay off...how many TV, phones, a/c and computers are in the homes of those that want to blame those born before 1960. I had 2 sisters and 1 brother and we lived in a 2 bedroom home in Detroit when it was the 4th largest city in the country.

Brother slept on a day bed in the dining room and 4 months out of the year my grandmother lived with us. Mother and her brothers took care of their mother, no nursing homes for her. I slept in a crib until I was 5. We were typical middle class of the day.

Our generation is not the one's that need all the goodies that those born after the 60's want and have...

Just what the government promised in the 1940's...But the government added more and more receipents to the SS rolls. It started out as strichly a small pension for the elderly. In those days there were still old people homes, not the greatest place to live and most that did were elderly women...Men died first, just like today.

To those that complaine about SS quite paying it, tell the government to go to hell and see how long you stay out of prison...we didn't make the rules.

Some sound as stupid as ex senator Simpson that call the elderly greedy geezer and he has sucked off the taxpayers all his life. As senator, with a lush retirement plan, all the graft he could aquire during his tenure as senator and he never had to pay SS. The taxpayers, you and me gave his his lush life....A few of the freepers on this thread sound just like him...he was a rino after all....

62 posted on 07/30/2011 11:48:49 PM PDT by goat granny
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To: rabscuttle385
You - and the rest of your generation - voted for them.

Rabby, may I gently point out that your blaming an entire generation for the situation that we're in, as you just did, is a fundamentally collectivist position?

63 posted on 07/30/2011 11:52:26 PM PDT by Billthedrill
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To: rabscuttle385

Not me. My first vote was for Lyndon LaRouche. ;-)


64 posted on 07/30/2011 11:53:45 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: lonestar
***War on Poverty, Poverty won...***

LOL The war on drugs, drugs win.

your right the house where all spending starts was in democrat hands for 40 years until Gingrich and the republicans finally got the house and the corrupt democrats crimes became so public, they got voted out and some went to prison..

65 posted on 07/30/2011 11:53:53 PM PDT by goat granny
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To: lonestar

Yep, his religion was a BIG part of his campaign. He wasn’t trusted because of his religion, not because he was a democrat...his crooked father also was a part of the equation...


66 posted on 07/30/2011 11:55:55 PM PDT by goat granny
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To: eyedigress

You said it much better than I and in less words...:O)


67 posted on 07/30/2011 11:57:59 PM PDT by goat granny
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To: goat granny

Well said Goat Granny.

I was trying to formulate a post that said that.

Thank you.


68 posted on 07/30/2011 11:59:36 PM PDT by berdie
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To: goat granny

I’m on your side Honey. These flippant kids that don’t understand the teachers are setting them up is not good.


69 posted on 07/31/2011 12:01:40 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: goat granny

Baby Boomer are to be blamed for everything.

EVERYTIME one turns around: they WANT something new.

Forget Gen-X; they can be lain directly upon Baby Boomer’s feet.

Baby Boomers could have long ago mitigated the circumsatnces. But they didn’t.

Know why?

Because Baby Boomer are stupid; they breed stupid.

Is it any wonder that today there is a stupid problem?


70 posted on 07/31/2011 12:04:15 AM PDT by raygun (http://bastiat.org/en/the_law DOT html)
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To: rabscuttle385
If Gore had been elected in 2000 and gone nuts like Obama, it's quite possible that the Tea Party would have arisen to challenge him and the other statists eleven years ago.

What generation do you think most TEA Partiers are? That's right, boomers.

71 posted on 07/31/2011 12:07:26 AM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: raygun

Could you parse that a little better. Your lack of English is coming through.


72 posted on 07/31/2011 12:07:48 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: raygun

“because baby boomers are stupid, they breed stupid.”

*chuckle*...you take it from there.


73 posted on 07/31/2011 12:08:35 AM PDT by berdie
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To: raygun

Yea! You get the RADAR!


74 posted on 07/31/2011 12:11:23 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

That is the crux of the problem. Lack of education and teachers that teach indoctrination.


75 posted on 07/31/2011 12:12:11 AM PDT by berdie
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To: raygun

Tell me the Eisenhower plan on Russia. Get back to me ASAP.


76 posted on 07/31/2011 12:13:05 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: Psycho_Bunny
The .Com bubble....the housing bubble....

Those are Congress's fault particularly Barney Frank and Christopher Dodd because they sponsored the bill that removed provisions in laws enacted after the Great Depression that where designed to limit risk to those who specifically invested in the stock market and housing lenders.

In other words if you made an investment that had lots of risk and your investment tanked, no bailout for you.

Most of the Congressional "stimulus" spending is payback to campaign donors.

77 posted on 07/31/2011 12:13:26 AM PDT by Victoria_R (Believers in VERY small government: Count Mountjoy/Benter in 2012!!!)
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To: berdie

I had some really good teachers. I was lucky I guess. I made it through the basics and before I knew it the Pentagon was asking me questions.


78 posted on 07/31/2011 12:15:38 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: berdie

:O)


79 posted on 07/31/2011 12:15:44 AM PDT by goat granny
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To: raygun

you speak so sweetly, s/ Your just ignorant that’s all...


80 posted on 07/31/2011 12:18:12 AM PDT by goat granny
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To: RowdyFFC

Bump!


81 posted on 07/31/2011 12:20:17 AM PDT by jpsb
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To: Nuc 1.1
Well, the greatest generation put LBJ in office. LBJ looted SS. After that, you can blame the boomers.

The first Presidential election in which all boomers were old enough to vote for President was in 1984.

In other words they could finally all vote for a President, but they were not yet running America by a long shot, they were still a very young, junior generation in the 1980s.

82 posted on 07/31/2011 12:21:52 AM PDT by ansel12 ( Bristol Palin's book "Not Afraid Of Life: My Journey So Far" became a New York Times, best seller.)
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To: ansel12

An ambivalent, proud and rich nation voted in our demise. I never saw that yet am a boomer. I will attack any asshat that puts me into the voting block that created OBama.

Kids, it is the Democrat Party that created it. You will suffer your socialist beginning.


83 posted on 07/31/2011 12:29:07 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

Our education was so different. I thank God for that and regret it has been so decimated.


84 posted on 07/31/2011 12:29:48 AM PDT by berdie
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To: berdie

To this day I think I know every state capital from the 7th grade. Mrs. Owenby is also the same teacher that found my hidden in the book squirt-gun. :^)


85 posted on 07/31/2011 12:35:27 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: rabscuttle385
the boomers have paid the highest taxes for the longest time....NOT voluntarily....

the generation before us.... alot of them didn't even work yet collected for 30 yrs or more and some still are...

I pay high premiums for my husbands health insurance..several hundred dollars a month....and I get dinged to pay for medicare...

do not blame me nor my age group.....we played by the rules...we paid forever....

IF they had taken just a little away from retirees 30 yrs ago instead of going along like nothing was wrong, then we wouldn't be in this position...

we allow double dippers and triple dippers, people collecting disability for "stress" and bad backs..illegals enlisting their children because they are "hyper"....

86 posted on 07/31/2011 12:36:22 AM PDT by cherry
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To: cherry

Very true.

These kids think we are retired. It’s just getting started. They are the ones with no work ethic.


87 posted on 07/31/2011 12:40:53 AM PDT by eyedigress ((Old storm chaser from the west)?)
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To: cherry
the boomers have paid the highest taxes for the longest time....NOT voluntarily....

Boomers have probably also had the highest paying jobs per capita, adjusted for inflation, of any generation so, per capita, boomers have most likely contributed vastly more revenue than any generation before or after them.

88 posted on 07/31/2011 12:50:58 AM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: Lauren BaRecall

Abortion is the elephant in the room on SO many levels. The cheapening of Human Life for the benefit of self-centered convenience has been the loss of compassion, responsibility and morality. This ability to kill our own unborn is the reason our society has consumed itself, and resulted in the chaos we are in.


89 posted on 07/31/2011 1:08:38 AM PDT by Cololeo
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To: funfan

No, you vote for the candidate that best represents your beliefs, regardless of party.

Failure to understand that gets us politicians that feel free to do what they want without repercussion, for you’ll just vote for them anyway.

Me, I think it’s a bad idea to let just anyone vote. The only people that should be able to vote are those with a stake in the game. In other words, taxpayers.

For they actually care about some sort of return for their money.


90 posted on 07/31/2011 1:12:01 AM PDT by gogogodzilla (Live free or die!)
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To: RowdyFFC
AND, I might remind you that generation X has been voting themselves since about 1982!

I was born midpack of the Generation X crowd. And in 1982, I was 9. Only the oldest of the Gen X'ers could have voted... and well, some call those the tail end of the 'Baby Boomers'.

91 posted on 07/31/2011 1:16:18 AM PDT by gogogodzilla (Live free or die!)
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To: goat granny

****Kids want to start out today with a house the size that it took there parents 30 years to pay off.****

And that was back in the day when the father was the primary breadwinner and the mother stayed home. It takes both parents working now to be able to do what the previous generation was able to do. This is another indication that communist policies don’t work...the hidden inflation that robs buying power.

So lets just go further into debt so we can spend more money to service the debt....what a great plan...not.


92 posted on 07/31/2011 1:31:05 AM PDT by ResponseAbility (Islam...Imperialism in a turban.)
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To: rabscuttle385
They lived well, grew up in relative abundance and, some say, expected their Social Security, health care and government support to be there as they grew old.

Not me. I was born in 1950, and I assumed in my twenties that Social Security was be long since looted and gone before I received a dime from it. I've paid in all these years.

Now, I have to read that I am "greedy".
93 posted on 07/31/2011 1:40:28 AM PDT by Nepeta
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To: rabscuttle385
But criticizing baby boomers is not necessarily a politically wise thing to do, especially when it comes to their voting behavior.

Yep, it is the Congress who stole it.

The Baby Boomers have been paying into the program all their working lives.

And no, I didn't vote for them. I voted against every US Congressman and every US Senator other people voted for until this last time around (Yay! We won!--I think... the jury is still out, but so are the incumbents.), but I got stuck with the likes of Kent Comrade of Countrywide who has been running on "saving" Social Security and the family farm since there were a lot more family farms, and the people who were played for suckers bought it.

94 posted on 07/31/2011 1:51:02 AM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: RowdyFFC

Its not really a generation problem. The hippies of the 60’s were nothing more than useful idiots for “progressives”, today these same 60’s radicals are now considered the new “KKK”. Thats the things about Marxists there is always another marxist who is more “marxist” than the previous set (hence the term “progressive” — to progressively become more Marxist),. There is only way to stop it and that is to get ride of all Marxist professors, new anchors, writers and actors, clergymen and any other “shepherds” and replace them with a new generation. You watch what they will push with the next generation. We are heading towards the normalization of absolute degeneracy

Now forget the trying to convince the current genration because they are basically dead, now “demoralized” by soviet subversion, even if you tell them black is black and white is whtie they wont get it. Its only once we remove the Marxists and replace them with a new generation completely from power can we raise a new generation of nationalists.


95 posted on 07/31/2011 1:54:41 AM PDT by AngryMan0
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To: rabscuttle385

I’m not sure who’s most to blame.

I do know there is a mess to clean up.

I know it is our job to clean it up.

God Bless those in the House who have held firm, against all threats, against being called extreme, against name calling, threats of violence, etc.

God Bless them because they are soldiers fighting the good fight, in what appears to be an up-hill battle.

My sarge told us once after some guys were grumbling about politics: “it don’t matter who made the mess, its a mess, a fine mess.... but we’re here to clean it up” (or some such words)

That’s how I feel about the TEA party right now. Plenty of blame to go around, to both the Dems and Repubs. Neither one of them has proven they can work in the kitchen without making a helluva mess. So, as far as I’m concerned, they’ve lost that privilege. We’re here to clean up the mess. It won’t be easy, it won’t be pretty. Stiff upper lip and all that, assh*les and elbows and lets get to cleanin’. Belly achin’ about it aint gonna get it done, layin blame aint gonna get it done. We know what we have to do, and we’re doin it.

D’s and R’s go sit in the corner. The TEA party is here.


96 posted on 07/31/2011 2:38:22 AM PDT by esoxmagnum (The rats have been trained to pull the D voting lever to get their little food pellet)
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To: rabscuttle385
Well, yes ----- about as much as the GenXer's and Y'ers who happen to be the future liability bomb this country faces, right along with the baby boomers.

Alinsky Rule: Get the other side to in-fight while you clock them both from behind.

We got here because of the 48% of us that do not pay taxes, the millions on EBT, AFDC, SSI, WICs SCHIP, EITC, free Pre-K (glorified babysitting), Advance EITC payments, Pell Grants and on and on and on and on.

Last time I was at an SS office, it was full of foreigners and young fat people or girls with babies (sans dad) applying for SSI, SS for their immigrant parents and the like.

97 posted on 07/31/2011 2:44:59 AM PDT by Gaffer
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To: rabscuttle385
The 2011 annual report by the program's Board of Trustees noted the following: in 2010, 54 million people were receiving Social Security benefits, while 157 million people were paying into the fund; of those receiving benefits, 44 million were receiving retirement benefits and 10 million disability benefits. In 2011, there will be 56 million beneficiaries and 158 million workers paying in

So, 20% is disability. You know, the disability those lawyers on TV are always saying they can get that disability you applied for and were denied [The Johnny Cochran Firm]. Additionally, my guess is that there's a good percentage of that 44 million getting SSI which the SS classifies as retirement benefits. There's yer truble, right there...

98 posted on 07/31/2011 2:52:41 AM PDT by Gaffer
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To: eyedigress

Did that in sixties too. $.25 an hour and $.05 a basket.


99 posted on 07/31/2011 3:22:26 AM PDT by Renegade
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To: rabscuttle385
Some of the boomers tried to warn, beginning forty plus years ago, Freedom does not come from being in Debt. How many listened?
100 posted on 07/31/2011 3:46:39 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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