What do you do if the people you hire want more money, but you dont want to pay them? Support for those most in need is threatened by support for those who are more able to look after themselves. IDIOT AKA "The Bag OfDurbin Subject: A brilliant woman's response to a complete IDIOT AKA "The Bag Of Durbin"!!!!!] The baby boomers who have controlled this country since the 1980s are a selfish, entitled generation. "Children can't vote, don't give money and have no power, and neither do their parents. Following the war, the Allies began the denazification and demilitarization of a post-war Germany. MsFitz01 posted on 11/12/10 12:34 PM EST: "A Greedy Generation? We recommended the superannuation preservation age and the age pension age be adjusted in line with greater life expectancy. The Greediest Generation I am so sick and tired of hearing about the "greatest generation"! ! The Greatest Generation, also known as the G.I. Meanwhile, most cities in North America have underinvested in water and sewage systems for decades, and are now having to pony up big-time to repair ancient, leaking systems. She also tells it like it is! . The city of Toronto had, in the 1960s, a rapid transit system that regularly won awards for being the best in North America. Posted Jun 3, 2013 by Martin Armstrong. You can update your choices at any time in your settings. The sad truth is that there are not nearly enough `bridges to nowhere' in the budget to close the fiscal gap. Marian Salzman: For 30 years, baby boomers dominated politics, culture. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. In 1998, former news anchor Tom Brokaw wrote a book called The Greatest Generation. Instead, the finger prints of the so-called `greatest generation' are all over it. And this is not to imply that other generations are or were angelic in comparison to the boomers, because thats not true, either. ", George H. Soule, Prosperity Decade: From War to Depression: 19171929 (1947), Last edited on 22 February 2023, at 18:10, Military history of the United States during World War II, List of last surviving veterans of World War II, "Is It Time to 'Pass the Torch?' Dick Durbin, a Senator from Illinois calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. These people are largely conservative on economic (59%) and social (49%) issues, and about one-third of Alan Simpson, the Senator from Wyoming calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. 1. In a profanity-laced letter sent last month, Simpson attacked the group as a bunch of "greedy geezers" and demanded they "read the damn report." Several news . [4]This doesnt include liabilities for municipal governments, for health care benefits for retirees, nor for the civil servants of the U.S. federal government. [4], The term "G.I. Additionally, those alive in 1918 through 1920 experienced the deadly Spanish Flu pandemic. This is typical of the kinds of decisions that boomers have made: spend money on what we want right now, and to hell with the consequences later. For modern Russians, the conflict continues to provide the population with a nationalistic rallying call. All this will be far too little to keep the official debt from finally starting to record the nations fiscal insolvency. It's a bum rap, although he is noted as a world-class liar. Snopes and the Snopes.com logo are registered service marks of Snopes.com, Former senator Alan Simpson hypocritically referred to modern Americans as "the greediest generation. When boomer blood raged with hormones, we staged the sexual revolution and popularized the Pill. May 1, 2005; Send any friend a story. The term Generation Jones was first coined by the American cultural commentator Jonathan Pontell, who identified the cohort as those born from 1954 to 1965 in the U.S., who were children during Watergate, the oil crisis, and stagflation rather than during the 1950s, but . Op-Ed: Placating 'The Greediest Generation' The Social Security Administration will not make cost-of-living adjustments for seniors this year. For too long, we have doubted, scoffed at, and chosen to ignore the warnings of climatologists and geophysicists. The brilliant Harvard professor, Niall Ferguson, describes the traditional intergenerational compact as our most important social contract and one that is being broken in Western economies. The aged pension costs us $42 billion a year and is estimated to grow at 6 per cent a year over the next 10 years far higher than any predictions of inflation, GDP growth and real wage growth. Most of these 'children of the Great Depression' fared unusually well in their adult years". As a group, we baby boomers have made no comparable sacrifice. "Just vicious. During the past few months, economists Thomas R. Saving of Texas A&M, Edward P. Stringham of Fayetteville State University, and I have been working with IT developers at the California-based PJ Institute to develop a Web-based application we call the Personal Financial Impact Projector. That's right, sir. There is a good chance that members of Generation Q will spend their entire adult lives digging out from the deficits that we the "Greediest Generation," epitomized by George W. Bush are leaving them. They were part of what is called "the greatest generation." My generation is, I think, is the "greediest generation." My parents, as did the parents of many of my generation, wanted a better life for their children. Getting overall spending under control inevitably means spending less on Medicare and Social Security. But we are not ashamed of ourselves, which speaks volumes for just how steeped in bad behavior we have become. [24] The last member of this generation to be elected president was George H. W. Bush (19891993), and as of 2023 the last surviving president from this generation is Jimmy Carter (19771981). We have shown the generations that follow us the how to do these things, which they are now mimicking. The good news is that the American people seem to realize this. Following the war, this generation produced children at an unprecedented level. My parents went through The Depression and World War II. I originally wrote this in 2014, and got . Authors William Strauss and Neil Howe later popularized the G.I. The Baby Boomers should not expect future generations to pay for their current benefits. Illinois senator argued Social Security should not be part of fiscal cliff talks. THIS SENIOR CITIZEN NAILED IT!!!!!!!!!!!!!! The only way to assess a countrys fiscal condition that is free of this problem is by forming the countrys fiscal gapthe present value total of all the official debts and unofficial current and future spending obligations after netting out all the current and future taxes everyone is currently slated to pay. Elder followed 167 individuals born in California between 1920 and 1921 and "traced the impact of Depression and wartime experiences from the early years to middle age. Infrastructure is probably the least sexy thing taxpayers are asked to pay for, but one of the most critical. "Bowles, Simpson to Head Debt Commission." What cuts in YOUR retirement and health care benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies? Tony Shepherd is a businessman and a former head of the Commission of Audit. Here's a response in a letter from PATTY NYE from Illinois . The Greediest Generation. [36] Surviving members of the German World War II generation would go on to experience the Fall of the Berlin Wall and the creation of the European Union. My parents were the Greatest Generation. "Al Simpson Speaks Out Against Debt Committee Critics, Political Climate." (I know, since Im the editor responsible for the column.). 3) How much Alan Simpson might pay for government provided health insurance is not possible to calculate. None of these is politically or financially feasible, but eventually either choice 1 or 2 will have to be made. Generation" was first used in 1971 by Alberto M. Camarillo in an article for the academic journal Aztln: A Journal of Chicano Studies, titled "Research note on Chicano community leaders: the GI generation. The men and women of this generation continue to be honored in the U.K., particularly on V-E Day. I originally wrote this in 2014, and got roundly flamed for it. We have a scheme where support for the older generations and other extravagances were legislated based on the assumption of continuing revenue from an unprecedented investment boom in resources. We cant grow our way out of this mess. On the other hand, the proportion of children below the poverty line is still 18 percent, the same as it was in 1966. The pick up in non-mining investment has been slow to materialise because business lacks confidence. Every year on Veterans Day, we baby boomers look around and see fewer and fewer members of the Greatest Generationour parents and grandparents who rose en mass to fight a terrible war and keep us safe. Both arguments are flawed and self-serving. Critiques about generations often begin by noting the lack of agreement around birth years. Simpson's remark became the basis for a caustic anonymous rebuke that was widely circulated on the internet: Alan Simpson, Senator from Wyoming, Co-Chair of Obama's deficit commission, calls senior citizens "the Greediest Generation" as he compared Social Security to a Milk Cow with 310 million teats. She wonders if after asking for a range of personal freedoms, they are now asking for the . In coming years, we'll hear appeals for better nursing homes, for more Alzheimer's research and for more wheelchair-accessible office buildings, and those are good causes. But remember that American children are almost twice as likely as the elderly to live in poverty, and that you get much more bang for the buck vaccinating a child than paying for open-heart surgery. Returning German veterans found their country carved up into four zones of occupation; later becoming West Germany and East Germany. But, he added, if the boomers insist on getting theirs, were going to take everybody down, including ourselves., This is a BETA experience. Over 76 million babies were born between 1946 and 1964. Votes. this generation, if they are not spitting mad, well, then they're just not paying attention. Since the letter reproduced above isn't credited to any particular person (other than an "unknown fellow in Montana"), and a number of different people have claimed authorship, there is no particular attribution for us to verify as correct or incorrect. Here's a response in a letter from PATTY NYE from Illinois . The veins in my temples throbbed. Not surprisingly, the Bush administration took a look at the study, blanched, and declined to publish it. Research professor of sociology Glen Holl Elder, Jr., a prominent figure in the development of life course theory, wrote Children of the Great Depression (1974), "the first longitudinal study of a Great Depression cohort." If you have some better suggestions about how to stabilize Social Security instead of just babbling into the vapors, let me know. The majority of politicians opposed to action on climate change are baby boomers, and it will be the millennial generation who will bear the cost of this inactivity. And since the biggest voting block of the last 30 years and more has clearly been the boomers, the fault is ours. Surviving members of this generation would see Japan emerge as the world's second-largest economy by 1989. The only way out is to reduce spending. Dick Durbin, a Senator from Illinois calls senior citizens "the Greediest Generation" as he compared "Social Security" to a Milk Cow with 310 million teats. They see a deck stacked against them by the greediest generation in Australian history: self-satisfied with its wealth, loath to pay its taxes, happy to saddle the youngsters with eye-watering . Letter to D!ck Durbin D!ck Durbin, a Senator from Illinois calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. Poor Broder. Don't expect any sympathy, Trumpy. 23 They call Gen Z a Millennial. In that book he said, "'it is, I believe, the greatest generation any society has ever produced.'. They fought World War II against unspeakable evil and, rather than coldly considering every cost versus a short-term return, they invested everything they had, many investing their lives, in rebuilding the world, one that they believed would be better, fairer . [17] Tom Brokaw and others extol this generation for supporting and fighting World War II. In its latter years, this generation was introduced to continued technological advancements such as mobile phones and the Internet. Obviously, Shakespeare had it wrong. Of course we should ensure people and business pay their taxes. 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