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Are baby boomers to blame for debt crisis?
CNN ^ | 2011-07-29 | Ed Hornick

Posted on 07/30/2011 10:32:57 PM PDT by rabscuttle385

Baby boomers -- those born between 1946 and 1964 -- have been described as "the pig in the python" and the "sandwich generation."

They lived well, grew up in relative abundance and, some say, expected their Social Security, health care and government support to be there as they grew old.

Now, as the future of the country's economy is up in the air, is this group of 80 million aging Americans -- many of whom are sprinting toward retirement age -- the ones to blame for the nation's shaky economic system?

(snip)

Thomas Firey, a senior editor at the conservative Cato Institute and member of generation X, said it's unclear as to what's going to happen to Social Security.

"Under current law, what's supposed to happen is once the trust fund runs dry, the benefits are to be cut by roughly 25% to bring it back into balance. Each year's income will equalize the outflow," said Frey..."But no one expects that to happen. (So) are we going to raise taxes on current workers? Are we going to get rid of the tax?"

But criticizing baby boomers is not necessarily a politically wise thing to do, especially when it comes to their voting behavior.

(snip)

Jerry Shereshewsky, the self-described "chief grown-up" at the firm GrownUpMarketing, is a baby boomer. The 65-year-old said it's not his generation group to blame, it's Congress'.

"It was not a secret that this largest cohort in American history was going to get older every year," he said. "The fact that Congress has not done a very good job of keeping up with what is really happening in the world: life expectancy, better medical care. You give people a lot of cake and ice cream, they're going to eat it."

(Excerpt) Read more at articles.cnn.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: biggovernment; boomers; debt; fedzilla; gagdadbob; globalists; medicaid; medicare; nwo; onecosmosblog; rapeofliberty; republicrats; socialism; taxes
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To: Matchett-PI; rabscuttle385

Boomers have always been pretty good voters.

Millennials voted for Obama by 66%.

The 18-29 year old vote has been solidly democrat since 1992, (but not before that).

Some Millennials don’t even vote, or instead of joining the 66% of their peers voting for Obama, they throw it away on some third party and think that they are changing the world.


161 posted on 07/31/2011 9:45:12 AM PDT by ansel12 ( Bristol Palin's book "Not Afraid Of Life: My Journey So Far" became a New York Times, best seller.)
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To: kearnyirish2

You really need to pick up a history book and look up abortion in the United States.


162 posted on 07/31/2011 9:51:35 AM PDT by ansel12 ( Bristol Palin's book "Not Afraid Of Life: My Journey So Far" became a New York Times, best seller.)
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To: rabscuttle385

The debt crisis is simply one facet of what ails America.

It begins with thinking one can live independently of God, what He provides, His Plan, and the legitimate authority He has established in institutions He has given man in His grace.

I recently visited LA and listened to a number of people blaming the Congressional Republicans for the problems. Amazingly, these same people see nothing wrong with running up credit card debt, vice simply withholding their luxery purchases.

They have become so far removed from paying a fair dollar they have earned themselves for a dollar of commodity, that they think they are unaccountable for their purchases.

There are many women and minorities and poor who have been given so much by charity and grace from all facets of worldly institutions, that they have come to place their faith in that system of living independent of God.

So scarred is their thinking, that they now believe they have ‘rights’ to receive the charity on a reoccurring basis and for it to escalate with any perceived hardships.

Inalienable rights derive from God, but the manmade rights which those who place their faith in, other than God, are not immutable, nor eternal, nor inalienable, but can just as easily be removed from them as when they were so flippantly given.

This is evidence in an appeals trial for those who assert good works performed without a righteous faith in God through Christ are recognizable for eternal reward. All of those man-made institutions which previously gave charity, but not through faith in Christ result in the degeneration of those giving and receiving them independent of faith in Christ. It demonstrates the exceedingly sinfulness of sin. (Sin as in missing the mark in God’s Plan, not simply immorality.)

We have become a degenerate nation and will not recover until we face Him, return to Him, and perform by His Will.


163 posted on 07/31/2011 10:22:15 AM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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To: rabscuttle385

Yes and so could’ve your’s if you want to say things like that.My firs Presidential election was 1980.I think you like to blame the boomers when it was really the generation before us who really did all of the damage.


164 posted on 07/31/2011 10:28:33 AM PDT by chris_bdba
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To: rabscuttle385

Only in YOUR mind.


165 posted on 07/31/2011 11:51:44 AM PDT by RowdyFFC
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To: rabscuttle385
You - and the rest of your generation - voted for them.

Not just voted for them, they ARE them!

166 posted on 07/31/2011 12:25:29 PM PDT by newzjunkey (Paul Ryan on Reid's bill: "Let's cover the moon with yogurt" http://post.ly/2gTED)
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To: rabscuttle385

I was not joking. It was my “vote of conscience.”


167 posted on 07/31/2011 12:34:07 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: newzjunkey

Boomers have a pretty good voting history, they came out of the chute voting against liberals, Millennials have always voted liberal, including 66% for Obama, they are the left’s storm troopers, angry, petty, antagonistic, and leftist.


168 posted on 07/31/2011 12:38:21 PM PDT by ansel12 ( Bristol Palin's book "Not Afraid Of Life: My Journey So Far" became a New York Times, best seller.)
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To: rabscuttle385
So basically, all you (and other voters like you) did was kick the can down the road.

I take it you voted for Dukakis and Gore, then?

169 posted on 07/31/2011 12:41:12 PM PDT by cynwoody
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To: cynwoody

No, he voted his ‘conscience.’ His conscience hasn’t won any elections yet though.


170 posted on 07/31/2011 12:45:03 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: kearnyirish2
Many of the voters/supporters were; it was on their watch.

Most boomers weren't old enough to vote in '73 so how does that work? 'Scary' is your inability to do that basic math.

171 posted on 07/31/2011 12:57:17 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: rabscuttle385
If you voted for the ticket that included LBJ, guess what - you voted for LBJ.

In 1964 the oldest boomer was 18. So much for your crackpot class warfare theory.

172 posted on 07/31/2011 1:17:55 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: wardaddy

I know I am not a boomer, tail end of the depression, but boomers use to be those kids born just after WW2. Boys returning home, marriage and babies, then suddenly boomers became anyone born up to 15 years after the war...I never though them boomers...but the media started to have names for those born in a certain time frame, don’t know why.


173 posted on 07/31/2011 1:18:58 PM PDT by goat granny
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To: rabscuttle385

My mistake in post #172. You were referring to the 1960 election not the 1964 election. The oldest boomer in 1960 was 14. Yeah, it was all the boomer’s fault. LOL


174 posted on 07/31/2011 1:34:57 PM PDT by TigersEye (No dark sarcasm in the press room ... Hey!, Barry!, leave them bills alone.)
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To: cynwoody
I take it you voted for Dukakis and Gore, then?

No. I voted for Bush - and in hindsight, I should have had the courage to vote for an actual conservative instead of buying into GOP propaganda.

175 posted on 07/31/2011 4:02:19 PM PDT by rabscuttle385 (Live Free or Die)
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To: RowdyFFC
Only in YOUR mind.

By voting for a ticket with multiple candidates for different offices, you are voting for all the candidates on the ticket.

This isn't some sort of fantasy in my mind.

This is exactly what one sees when he or she goes to the ballot box to vote.

176 posted on 07/31/2011 4:08:20 PM PDT by rabscuttle385 (Live Free or Die)
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To: TigersEye

How many “boomers” (born in the baby boom following WWII) weren’t old enough to vote in 1973?


177 posted on 07/31/2011 4:54:07 PM PDT by kearnyirish2
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To: kearnyirish2

It doesn’t matter how many boomers were voting as kids in the 1972 election when the 18 to 29 year old vote went Republican by 52%, Roe v Wade was a Supreme Court decision, and the states that had already legalised abortion years before, did it without teenagers and little children being involved, it was purely adults and the people that ran the nation.

Do you really think that 10 year olds, 24 year olds and 15 year olds are running our Supreme Court and Government right now?


178 posted on 07/31/2011 6:05:16 PM PDT by ansel12 ( Bristol Palin's book "Not Afraid Of Life: My Journey So Far" became a New York Times, best seller.)
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To: rabscuttle385

We’ve been screwed by politicians of all ages that care more about themselves than the country, along with citizens of all ages that feel that same way. So many have sold out this country for their own personal profit, or for a free lunch. Most of us the working middle class never did, but are now getting the shaft for it all. I think we’ll recover, but not before we’re taken to the brink, and we’re not there yet.


179 posted on 07/31/2011 6:21:33 PM PDT by Golden Eagle
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To: rabscuttle385

Doesn’t really matter who is to blame at this point.
We as a country right now are on a course for a Default.
All of us that are Baby Boomers, for the majority of us, there will be no Social Security or Medicare. Alt least not as our parents and grandparents had it. I suspect we get nothing.
The whole house of cards is about ready to fall in, so get ready for it.


180 posted on 07/31/2011 6:26:39 PM PDT by Captain Peter Blood
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