rjd970
Well-Known Member
- Joined
- Sep 19, 2007
- Messages
- 23,932
- Likes
- 23,539
Baby Boomers: The Selfish Generation | SENTRY JOURNAL
In addition to unfunded entitlements, the dollar has lost value, debt increased, college and healthcare costs skyrocketed, two wars, outsource of US jobs, etc.
Thoughts?
For instance, Third Way, a Democratic think tank found that in 1962 about 32 cents per dollar was invested and only 14% on entitlements but by 2030 we are projected to have less in investments and entitlement spending above 60%. Such math should move the populous to implement major reform so that generations after arent bankrupted at the expense the previous generations entitlements, but thats not the case.
Baby boomers not only overwhelmingly vote to protect their sacred cows (Social Security and Medicare) they have a history of voting for expansions. Every baby boomer president weve had has expanded entitlements; most recently Bushs prescription drug plan, and of course, Obamacare. Every reform attempt made has been completely destroyed by the largest voting bloc in the nation the baby boomers.
In addition to unfunded entitlements, the dollar has lost value, debt increased, college and healthcare costs skyrocketed, two wars, outsource of US jobs, etc.
Thoughts?