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re: My theory on why baby boomers are criticized
Posted on 5/27/26 at 10:37 am to N2cars
Posted on 5/27/26 at 10:37 am to N2cars
quote:If they weren’t underwritten, the market wouldn’t exist at all the way it does.
Student loans wouldn't exist with their current interest rate structure (below market) unless they were underwritten and guaranteed by the federal government.
The government carries the risk without care, while a normal bank would not.
I’m not sure what positions you think I hold, but I don’t want the government involved at all.
Remove the government from the equation and the university “market” would collapse and be forced to self-correct.
This post was edited on 5/27/26 at 10:39 am
Posted on 5/27/26 at 10:38 am to soccerfüt
quote:
wait until younger folks get a grip on the majority of political power
There are several in power now.
Boomers and older are just 39% of the current House of Representatives. So the lower generations could overrule the boomers on everything.
So since the younger generations are going to fix the boomer mess... what have we got cooking right now?
Posted on 5/27/26 at 10:41 am to SuperSaint
No homey. I wanted SS gone decades ago. You need to catch up.
Posted on 5/27/26 at 10:42 am to Ramblin Wreck
Most Boomers will get FAR MORE out of the entitlements than they put in (SS, Medicare/Medicaid, etc). They will probably be the last generation to have that luxury.
Also, will the Boomer criticism just move to Gen X as the boomer population dwindles? We seem to be skipped right over between the Millennial and Boomer warfare...
Also, will the Boomer criticism just move to Gen X as the boomer population dwindles? We seem to be skipped right over between the Millennial and Boomer warfare...
This post was edited on 5/27/26 at 10:45 am
Posted on 5/27/26 at 10:47 am to N2cars
quote:
Perot was brilliant, and he got a Democrat elected.
Yes but it was GWB. The OG George W that spearheaded NAFTA.
If you dont like it but Slick Willy was one of the better Presidents we have had in the past 30 years. Now granted he did ride the internet bubble.
He left the Nation with almost a zero deficit.
It was GB Jr. and Big D.Cheny that ran the Debt up to get cheap oil.
Posted on 5/27/26 at 10:48 am to Mushroom1968
Like I posted earlier; every generation is guilty of blaming previous ones for their problems just like previous generations like to point at laugh at the current generations for whining and complaining.
It is all a circle jerk that will continue.
What solutions do Gen X, Y and Z have? Gen X and younger are the majority in the House. Let’s get something done that hasn’t ever been done boys and girls.
It is all a circle jerk that will continue.
What solutions do Gen X, Y and Z have? Gen X and younger are the majority in the House. Let’s get something done that hasn’t ever been done boys and girls.
Posted on 5/27/26 at 10:49 am to Scruffy
My point is twofold, really.
You and others benefited from a government-funded program. (which, I agree shouldn't exist in the first place).
And, if we're gonna abolish SSI, get rid of all of these types of programs.
I'll give you credit though, every time I mention abolishing student loans and/or free tuition, I get tons of down votes, but never a reply.
You and others benefited from a government-funded program. (which, I agree shouldn't exist in the first place).
And, if we're gonna abolish SSI, get rid of all of these types of programs.
I'll give you credit though, every time I mention abolishing student loans and/or free tuition, I get tons of down votes, but never a reply.
Posted on 5/27/26 at 10:52 am to N2cars
quote:
All least Trump tried to make a dent w/ DOGE, but they all spend like drunken sailors.
Yep, was hoping DOGE would be unending and eliminate 50% of all govt or more. Lasted 2 months.
Posted on 5/27/26 at 10:52 am to Grievous Angel
quote:bullshite!
Most Boomers will get FAR MORE out of the entitlements than they put in (SS, Medicare/Medicaid, etc)
Unless you are ridiculous enough to engage your measure using nominal, uninvested assets.
Posted on 5/27/26 at 10:54 am to N2cars
quote:
You and others benefited from a government-funded program
Benefited is used pretty loosely
The government backed loans is what caused colleges to start naming their price
People who used it in the 80/90s got a great deal.
Posted on 5/27/26 at 10:54 am to N2cars
quote:Student loans?
You and others benefited from a government-funded program.
Posted on 5/27/26 at 10:55 am to Sunnyvale
quote:
The OG George W that spearheaded NAFTA.
NAFTA was Clinton in 1994. He came to my workplace to promote it.
Posted on 5/27/26 at 10:56 am to N2cars
There should be no Federal Government student loans and there should never be free tuition. College is not a right. It is a privilege.
We started saving for our children’s college education before they were even born because we knew it would be harder for us than the previous generation to pay for college. So, we had to deal with the same pressures as today, just a different time.
We started saving for our children’s college education before they were even born because we knew it would be harder for us than the previous generation to pay for college. So, we had to deal with the same pressures as today, just a different time.
This post was edited on 5/27/26 at 11:09 am
Posted on 5/27/26 at 10:58 am to N2cars
quote:I disagree with calling it “benefited”.
You and others benefited from a government-funded program. (which, I agree shouldn't exist in the first place).
It is the only system that exists.
We can’t pay for college by working a summer job.
IMO, we were hamstrung by this system.
If it didn’t exist, the cost of college would be nowhere near what it is.
Also, there would be substantially less college graduates, forcing companies to rely on job training and entry level positions, rather than inflating job requirements.
The current university loan system is a negative, not a benefit.
quote:Sure.
And, if we're gonna abolish SSI, get rid of all of these types of programs.
This post was edited on 5/27/26 at 11:01 am
Posted on 5/27/26 at 10:59 am to CleverUserName
quote:
Boomers and older are just 39% of the current House of Representatives. So the lower generations could overrule the boomers on everything.
People need to stop electing the AOCs of the world and elect people who want to make a difference and not just have power without interest in solving problems
Posted on 5/27/26 at 11:01 am to CleverUserName
Seems like half this thread is people arguing against something the other side isn’t really saying. I don’t think the serious complaint is that every Boomer sat around getting rich by accident. Plenty of them worked their asses off, saved, raised kids, and made good decisions. But it’s also silly to act like younger people are imagining it when they say the deal changed.
A house, a degree, a job, healthcare, retirement, debt — all of that works differently now. Some of the old advice still applies, but some of it is like telling somebody to use a map from 1985 to drive through Atlanta today.
The older guy hears, “you had it easy.” The younger guy is saying, “no, I’m saying your directions don’t match the roads anymore.” That’s probably the part both sides keep missing.
Meanwhile Gen X is standing off to the side, being awesome as usual, pretending they’re not involved even though they absolutely are.
A house, a degree, a job, healthcare, retirement, debt — all of that works differently now. Some of the old advice still applies, but some of it is like telling somebody to use a map from 1985 to drive through Atlanta today.
The older guy hears, “you had it easy.” The younger guy is saying, “no, I’m saying your directions don’t match the roads anymore.” That’s probably the part both sides keep missing.
Meanwhile Gen X is standing off to the side, being awesome as usual, pretending they’re not involved even though they absolutely are.
Posted on 5/27/26 at 11:02 am to Grievous Angel
quote:
Also, will the Boomer criticism just move to Gen X as the boomer population dwindles?
You know it will. You can find articles where it is already starting. Except Gen X DGAF about what other people think.
Posted on 5/27/26 at 11:02 am to Duckhammer_77
quote:Dammit, you beat me to it...great pic.
Duckhammer_77
Posted on 5/27/26 at 11:10 am to kywildcatfanone
quote:
People need to stop electing the AOCs of the world and elect people who want to make a difference and not just have power without interest in solving problems
So it seems like the cycle is continuing, if not getting worse, with the younger gens instead of them "fixing the problems"
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