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Generation Wrecked
Fortune ^ | 2002-10-10 | Noshua Watson

Posted on 10/10/2002 8:18:53 AM PDT by Lorenb420

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To: AngryJawa
I understand the "know thine enemy" thing but cripes...how's your blood pressure? 8^)

Sometimes it gets up there (Martin Sheen's pandering to the NEA was sickening), but it's not as bad as listening to pretty much anything x42 or Gore says. I just have to constantly remind myself that it's *good* that liberals have to create a fantasy world where they're the good guys, since reality is not their strong suit.

121 posted on 10/10/2002 10:36:19 AM PDT by ThinkDifferent
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To: ThinkDifferent
Yeah, but that's just so basic it defies belief - making things tax-deductible doesn't make them cheaper, it makes them more expensive, price-wise....
122 posted on 10/10/2002 10:38:02 AM PDT by general_re
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To: fogarty
but I can't wait to see what the 1960's drug generation does when they start becoming senior citizens.

They will do what todays seniors do. Demand free this and free that, and will fall prey to the RATS mediscare campaigns and think republicans are going to take away their SS.

123 posted on 10/10/2002 10:38:23 AM PDT by Phantom Lord
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To: Lorenb420
A Gen Xer who makes $100,000 and wants to retire at 59 needs $7.3 million net of taxes to sustain that lifestyle.

Oh, I have got to see the economic model that predicts that a large principal placed into competently chosen low-risk investments will yield an annual return of only 1.37%*. My bank pays almost double that rate on my checking account.

An overestimate, acutally, since it presumes that you need $100,000/year forever and ever, amen.

124 posted on 10/10/2002 10:38:26 AM PDT by steve-b
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To: ThinkDifferent
I wanted to scream at them "Why don't you just CUT TAXES!!!"

Because there's no power in that. Having the power and control is what socialists and commies are all about.

125 posted on 10/10/2002 10:45:34 AM PDT by cmak9
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To: general_re
Of course, but if the typical voter had any grasp of economics then the two major parties would be Republican and Libertarian.
126 posted on 10/10/2002 10:46:26 AM PDT by ThinkDifferent
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To: weikel
"The worst parents unfortunately goes to the WWII generation. They raised the boomers."

Wait a minute now! The WWII generation grew up during the Great Depression, and upon maturity had to fight WWII!! It's only natural that you want something better for your children. Nobody wants their kids to suffer the way that they suffered.

The WWII generation endured extreme suffering, so as a result they spoiled their own kids. It's understandable. Not excusable, but understandable.

127 posted on 10/10/2002 10:47:44 AM PDT by Destructor
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To: Willie Green
Ever hear of the business cycle ? Don't worry you guys will see a few ups and downs before it's all over.
128 posted on 10/10/2002 10:53:42 AM PDT by John Lenin
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To: Willie Green
Nintendo Generation

That's what I've called them since the late 1980s. That's when I realized there were differences between people like me, born in the early sixties, and those who came later. One difference: they unlike me, obsessively played Nintendo and other video games. Our "pre-Nintendo" generation was born between 1960 and 1966 or so - that is, until the baby-boomers started having families. We can't really be called baby-boomers. Our parents were too young to have served in WWII which is a defining criterion of a baby-boomer. More likely, we've gotten the scraps of what's left over after the boomers and, we've missed the opportunities afforded those who were born to baby-boomers (i.e the fruits of accumulated wealth). We've paid more for our homes - the boomers drove prices up. We'll probably lose equity in our homes when the boomers start selling theirs as they move into retirement thus driving prices down. It's anyone's guess what will happen with social security - which returns me to the original topic: How many of my "generation" have provide for retirement?

129 posted on 10/10/2002 11:24:37 AM PDT by Prolix
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To: Phantom Lord
And then bitch that they don't have any money and their bills are too much.

Yea, to say nothing of the 40%+ of their income sucked up by various taxes and "fees." God forbid these people dare think about spending some their hard earned money on themselves.

Ingrates. Don't they know they have responsibilities?

130 posted on 10/10/2002 11:29:24 AM PDT by Trailerpark Badass
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To: Trailerpark Badass
I dont mind them spending their money on themselves. They can buy a fleet of SUVs for all I care. But when the start complaining that their bills are too high, or want me (the taxpayer) to bail them out, thats when I've got a problem.
131 posted on 10/10/2002 11:31:42 AM PDT by Phantom Lord
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To: Willie Green
Sure it has. Gen-X's short attentions spans and confused priorities led to low participation at the polls, laissez-faire tolerance of Klintoon and Algore's junk-science, and political hyperinflation of the dotbomb bubble.

Must be nice to have all the answers, to have the world all figured out.

If only more people would listen to folks like you, huh?

132 posted on 10/10/2002 11:34:42 AM PDT by Trailerpark Badass
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To: Phantom Lord
personal bankruptcies and enormous consumer debts=higher interest rates and higher prices for all of us.
133 posted on 10/10/2002 11:37:43 AM PDT by rogerthedodger
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To: TomSmedley
Interesting. Many of the home-schoolers around here (SW Michigan) are sending their high-school age kids to the community college for their more advanced math (trig and calculus). Some are also getting their college-level English credits there. They rack up as many credits as they can at the cheap local school, then head off to U of Michigan, Notre Dame, et al. (These are the brighter kids, of course). This is good because: 1) Much of the ideological "hazing" at the bigger schools takes place in Freshman and Sophomore years. It's done in humanities depts by grad assistants who tend to be more radical than the tenured profs. You can circumvent this by satisfying requirements at another schools. 2)You earn the credits at 1/3 the price you'd pay at the big-name schools.

Some may worry about the quality at these cheap local schools ("You get what you pay for"). That's a legit concern, but at our school one of the math teachers is an old Hungarian who teaches to supplement his retirement income. He fled Hungary in '56, but was educated there and really knows his calculus! Besides, calculus = calculus = calculus. If you know what the standards are, everybody learns the same stuff. If you can secure a good teacher, you can learn the same thing as they do at the bigger-name schools. Obviously the student body won't be on the level of MIT, but in the end you educate yourself. It matters less where you are than how disciplined you are in prosecuting your studies.

As for, say, English classes, if you can find an old-style liberal who is appalled by PC madness and has an old fashioned love of literature, good solid instruction can be had.

Of course, this approach won't work for everyone. Our corner of the country is solidly "red zone," so the locals have more traditional attitudes. But you'll find similar conditions in the unlikeliest of places. I myself am a UC Berkeley grad. I was lucky, however, to discover the Rhetoric Dept. It was composed of a lot of the old-style liberals who were horrified at the excesses of the 60's and wanted to start an enclave that preserved the old-style learning. It was a kind of academic "refugee" country within the U. It's slant was of course liberal, but when it came to scholarship there was no nonsense. We spent a lot of time doing line-by-line analysis of Aritotle, Plato, Cicero, et al. The deconstructionist, feminist voices were there, but they were muted.

This was what I experienced in the mid-80's. David Horowitz made a similar observation on his website. He argued that at the big "megaversities," enclaves develope that can't be strictly controlled by the PC police. The institutions are too spawling to monitored. Unfortunately, the old guard at Berkeley's rhetoric dept has either retired or moved on.

134 posted on 10/10/2002 11:39:43 AM PDT by ishmac
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To: weikel
Flavored rice is spendthrift food best stick to storebrand mac & cheese.

Ramen noodles by the case from a warehouse club. They have a surprising amount of fat, which will allow one to keep the thermostat set extra-low in the winter.

135 posted on 10/10/2002 11:41:11 AM PDT by Trailerpark Badass
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To: Phantom Lord
Ah yes, forgot about that!
136 posted on 10/10/2002 11:43:23 AM PDT by ishmac
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To: Prolix
How many of my "generation" have provide for retirement?

I have--my plan is to die at my desk.

137 posted on 10/10/2002 11:45:10 AM PDT by Cogadh na Sith
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To: Phantom Lord
But when the start complaining that their bills are too high

"Too high" means they are having trouble paying them, which is an obvious result of having to pay 40%+ of everything they make in taxes.

138 posted on 10/10/2002 11:45:42 AM PDT by Trailerpark Badass
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To: Trailerpark Badass
"Too high" means they are having trouble paying them, which is an obvious result of having to pay 40%+ of everything they make in taxes.

I have the same amount of money extracted from my paycheck as they do and Im not having trouble paying my bills. Because Im not out there buying 60" TVs and turning over $35K SUVs every 2 years.

And their bills are too high because they are unable to be happy and live within their means. Taxes are a component of it, but just as with Budget deficeits at the federal and state levels, SPENDING is the biggest component.

139 posted on 10/10/2002 11:50:05 AM PDT by Phantom Lord
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To: Prolix
Our "pre-Nintendo" generation was born between 1960 and 1966 or so - that is, until the baby-boomers started having families. We can't really be called baby-boomers. Our parents were too young to have served in WWII which is a defining criterion of a baby-boomer.

Not necessarily true. While not part of the primary "boom", many of your peers are actually baby brothers and sisters of boomers. (Americans were still having fairly large families back then.)

140 posted on 10/10/2002 11:51:23 AM PDT by Willie Green
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