Newsflash: The Baby Boomers got us into this mess. They borrowed against future generations. They mishandled SEC regulations. They ignored the environment. They set up a Social Security system that is going to break as soon as they're done taking from it. And they took the best education this country had to offer, and then depleted the education system for the next generation.
Obama is the first Gen-X president. And, to the surprise of all the baby boomers who have been trash-talking Gen-X forever, it's Gen-X that will bail this country out of the mess the Baby Boomers got us into.
In the meantime, Generation X is the first generation in the US ever that will earn less than their parents. And Generation Y has an incredible amount of debt due to baby boomers pushing up college costs and housing costs while real wages went down.
The under-45s are stunned by the selfishness of the Baby Boomer era.
Thursday, March 26, 2009
Latchkey Likey Penelope
Preach sister, preach!
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2 comments:
Wasn't the SS system set up in the JFK administration? Wouldn't he be considered part of the Greatest Generation? In fact, it seems that the Baby Boomers have been the ones putting money into the system. Since Gen X and Y are smaller, it makes you wonder how well the SS system will work without so many people putting money in.
I gotta agree with Bag Blog on this one: The "Greatest Generation" got us into this mess.
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