The author of this story is so full of crap on so many levals it’s unbelievable.There are many reasons the economy of this country has been destroyed and being a baby boomer has nothing to do with it.
I,a baby boomer have worked all of my life and have gotten ZIP from the Federal Government as have a large portion of the other FReepers here.
What destroyed this country is the uncontrolled immigration from the third world.People who can barely add one plus one together coming here and immediately requiring social services and creating huge families that required new schools to support them.
Then there’s all of the welfare going to these third world cess pools in the billions of dollars that we’re borrowing from the Chinese.
I could continue on and on but I’d be here all day.
The boomers had nothing to do with this disaster.Their Government did.Though the boomers will be the ones who will be paying for it in the end thanks to Obama.
BTTT. You beat me to it.
Wrong.
You don't have to receive money directly from the federal government to have enjoyed the benefit of government spending.
The entire economy for the past 30 years has been juiced in part by government debt. A borrowed dollar that is spent to pay for medical care, for example, subsidizes doctors. A borrowed dollar that is spent to build an F-22 raptor subsidizes engineers and industrial workers. A borrowed dollar that is spent to build a road subsidizes construction workers.
And of course all those groups subsidize the people that serve them -- farmers that grow their food, for instance.
Now boomers are retiring -- some of them after building savings indirectly from money that was borrowed by the federal government -- and they're not going to have to pay it back. That will be done by later generations.