Battle of the ages: Boomers vs. the young

[ExiledInIllinois]

Boomers v. The Young

 

 

"...I first wrote about this topic exactly six years ago in a column titled "Medicare Drain Heralds Generation Warfare." In it I pointed out the growing conflict between the generations -- the huge number of baby boomers who have been promised benefits in their retirement years -- and the smaller, but equally vocal generation that will be taxed to pay for those promises..."

 

"...But will younger workers have the income to purchase boomers' homes -- if they can't get boomers' jobs? A crunch is developing, a logjam at the top of the pyramid as boomers stubbornly refuse to give up their jobs..."

 

"...Boomers grew up expecting the best of everything -- and getting it. Now they will turn viciously on anyone who suggests any form of rationing of health care -- whether by price, availability or cost. If the government cuts back on Medicare reimbursement to physicians, who in turn decide not to take on new Medicare patients, the impact will be felt at the polls.

Boomers grew up demanding and expecting. When they were young, schools expanded, even using mobile classrooms to give them an education. As they age, they will demand medical and custodial care, so we're likely to see the equivalent of those mobile classrooms in temporary nursing home facilities..."

[bills_fan]

From Wiki...

 

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent investors, rather than from any actual profit earned. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going.

 

The system is destined to collapse because the earnings, if any, are less than the payments to investors. Usually, the scheme is interrupted by legal authorities before it collapses because a Ponzi scheme is suspected or because the promoter is selling unregistered securities. As more investors become involved, the likelihood of the scheme coming to the attention of authorities increases.

 

Social Security is the biggest Ponzi scheme of them all.

[GG]

It's not a Ponzi scheme when the government runs it.

[Pine Barrens Mafia]

You're just waking up to this now? Better late than never I suppose.

[ExiledInIllinois]

You're just waking up to this now? Better late than never I suppose.

 

No. I have been saying this for a long time that the boomers (probably heard it from my parents who are NOT boomers) are wrecking things and demanding too much. For all the good that came out of the "Me Generation"... They really went over the top with the greedy selfishness. Again, I have always said this.

[Keukasmallies]

Once mo' time: Damn that George Bush!

[ExiledInIllinois]

Once mo' time: Damn that George Bush!

 

Huh??

 

[Chef Jim]

No. I have been saying this for a long time that the boomers (probably heard it from my parents who are NOT boomers) are wrecking things and demanding too much. For all the good that came out of the "Me Generation"... They really went over the top with the greedy selfishness. Again, I have always said this.

 

Yes and the Xers and Ys are not demanding.

[Doc]

Well, when ObamaCare happens, the Baby Boomers will get to deal with death panels. So I guess it all evens out.

[KD in CA]

You're just waking up to this now? Better late than never I suppose.

 

Sadly, that still puts him ahead of about 80% of the public.