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re: Baby Boomers are facked.

Posted on 3/11/09 at 8:03 pm to
Posted by eelsuee
2B+!2B
Member since Oct 2004
4503 posts
Posted on 3/11/09 at 8:03 pm to
The baby boomers are probably the least responsible generation this country has ever seen. They deserve the bulk of the credit for the inevitable collapse of the US financial system. Social security (generational theft/ponzi scheme), removing the gold standard, Vietnam... They are typically much worse than their parents(and children) with personal finances as well and they have high expectations for their lifestyle/retirement.

I know there are many smart and responsible baby boomers, but they were outnumbered. I fear generation X (great start with Obama ) will be as bad or worse. My generation (Y) probably won't get the opportunity to screw things up worse, but will mostly suffer the consequences of previous generations. My generations might have to lead the revolution when/if the dollar falls.
This post was edited on 3/11/09 at 8:05 pm
Posted by Parliament
Member since Dec 2007
5787 posts
Posted on 3/11/09 at 8:06 pm to
quote:

I fear generation X...will be as bad or worse


Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 3/11/09 at 8:19 pm to
quote:

The baby boomers are probably the least responsible generation this country has ever seen.


that's why they call us Generation Fail...

quote:

They deserve the bulk of the credit for the inevitable collapse of the US financial system. Social security (generational theft/ponzi scheme), removing the gold standard, Vietnam...


we invented a whole bunch of good shite too though. The ultimate question is, did we invent stuff that was good, but was easily leveraged for evil (Internet, Cheap Computing, the Spreadsheet, etc)
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41234 posts
Posted on 3/11/09 at 9:31 pm to
quote:

The baby boomers are probably the least responsible generation this country has ever seen.
quote:

generation X (great start with Obama


there have been three Presidents from the BabyBoom generation, one was impeached, one finished with the lowest approval ratings in decades, one is Obama

Posted by genuineLSUtiger
Nashville
Member since Sep 2005
73010 posts
Posted on 3/11/09 at 9:45 pm to
quote:

Social security (generational theft/ponzi scheme), removing the gold standard, Vietnam


None were implemented by Baby Boomers. Social security was FDR as was removal of gold standard (Nixon just removed the final tether to the dollar in 1971). Vietnam was JFK's baby and LBJ ramped it up. Both were of the WW2 generation.
Posted by Tigah in the ATL
Atlanta
Member since Feb 2005
27539 posts
Posted on 3/12/09 at 12:33 pm to
quote:

Social security (generational theft/ponzi scheme), removing the gold standard, Vietnam
Except that none of these were do0n by Boomers.
Posted by TigerinATL
Member since Feb 2005
61577 posts
Posted on 3/12/09 at 1:04 pm to
quote:

I fear generation X (great start with Obama ) will be as bad or worse. My generation (Y) probably won't get the opportunity to screw things up worse


Read an article yesterday that suggested because Gen X was the latchkey kid generation we were taught at an early age that we had to take care of ourselves. I'd say that's a pretty good take as I've always figured I'd both have to save for my own retirement and contribute to an SS system that would screw me over.
This post was edited on 3/12/09 at 1:06 pm
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59605 posts
Posted on 3/12/09 at 2:34 pm to
quote:

My generation (Y)

is that what the next generation is called? Y

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