[Jonty30]

I’m sorry, but who do you think is going to be left paying the bill when the $26 trillion becomes due? Boomers?

You’ll be dead. The oldest baby boomers are now 74 years old and the youngest is 56 years of age.

The debt will cost, assuming it can be paid down, about three times the principle, which is almost $80 trillion dollars.

[roadcat]

You’ll be dead. The oldest baby boomers are now 74 years old and the youngest is 56 years of age.

Yeah, I'm a boomer. But... the leftist boomers caused the debt problems, all while the rightist boomers were screaming at them to show fiscal responsibility. True, that rightist leaders went along with the leftist fools adding to our debt problems. But don't lay this problem on all boomers.

This debt problem won't be many years in the future long after boomers are gone. I have a feeling that there is going to be a huge monetary reset in the next couple years. Bye-bye all our savings.

[South Dakota]

Explain why the trillions spent are the boomers fault.

Boomers paid for the social programs the millineums profited from.

The boomers didn’t vote for socialist security and the war on poverty.

Boomers fought the Vietnam war that has yet to be paid for

[Reeses]

who do you think is going to be left paying the bill when the $26 trillion becomes due?

In America, machines already do most of the work, generate most of the wealth, and pay most of the taxes. That trend is accelerating. The real question is what will the left side of the bell curve do? They won't be picking lettuce.

[Mastador1]

Back up the bus a second here, who is it demanding free abortions and healthcare, not just for Citizens and legal residents but every stinking illegal that scurries across our border? Boomers or millennial and whatever the current crop of lazies is called? Blame he Boomers, well some of them for the cost of wars but bear in mind the millenials and whatevers still want to spend all that future generations cash on social programs like free food, rent, medical and guaranteed income for sitting on their asses and not one of them gives a rats ass about who has to pay for it down the line. So instead of laying a crap burger in front of a generation that actually worked and contributed lay it where it belongs in front of the where's my free shit generations.

[The Antiyuppie]

There is some truth to this. Unfunded pensions for state employees is a good example. Most of those pensions were readjusted for new workers between 2000 and the extended Obama Recession.

[coaster123]

Aw :(

At least you won’t get polio! :)

[AnxiouslyWaiting]

Better get some overtime in at the soy store.

[CurlyDave]

...The debt will cost, assuming it can be paid down, about three times the principle, which is almost $80 trillion dollars...

The traditional way for governments to deal with debt is to inflate it away. This has worked since at least the days of the Roman Republic and it will keep on working.

Don't lose any sleep about the national debt -- it will soon be a small fraction of GDP.

[hanamizu]

” The oldest baby boomers are now 74 years old and the youngest is 56 years of age.”

---

I am the one of the oldest boomers around—born on the first day of the boom. Lot’s of good things happened for us courtesy of ‘The Greatest Generation’. My dad graduated high school in 1932—into the teeth of the Depression. After scraping by, WWII came along.

His first ‘normal’ year was the year I was born. Both my parents were determined to make sure I did not go through what they went through in their early years. I was spoiled rotten. They voted for all kinds of wonderful things that I benefited from. I grew up in California. I got to go to the University of California system with zero tuition for my four years. I didn’t vote for that, someone else did.

When Reagan came along and said it was unfair for working people to pay taxes so that middle class kids to go to college/university for free, we students thought he was a monster. The fact was, the Greatest Generation voted in benefits that Boomers as well as them, got to take advantage of.

I don’t know that Boomers stole from Millennials, although I can certainly see why Millennials might think that. Boomers have been such an important voting-bloc for so long that politicians have been hesitant to cut back benefits that Boomers enjoy. But the fact is, it was Ronald Reagan—not a Boomer—that insisted that students in the California university/state college systems start to pay their own ways.