That’s exactly what is going on. To preserve the standard of living for one spoiled generation, they are selling their posterity into slavery (and we are as well).
That's right, and all of them want to keep their juicy pensions.
Well, as we are seeing, if there aren't enough taxpayers to come up with the cash to pay the pensioners, guess what happens.
Cuts, layoffs, and economic collapse.
We're getting a mere "sample" of that in the US right now.
But it's going to get worse, much worse.
Pretty sure that the Great Depression hit Europe first, then the US.
If Europe collapses, AGAIN, the US won't be far behind.