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. We have systematically taken more out of our economy and society than we have put back, looting it for our comfort, convenience, and self-indulgence. As a career politician, you have been on the public dole for FIFTY YEARS 2. Illinois senator argued Social Security should not be part of fiscal cliff talks. by senior futurist Richard Worzel, C.F.A. Credit:Louie Douvis. "Hey Dick, let's get a few things straight!! Here's a response in a letter from PATTY NYE from Illinois . A 2012 study by Harvard University[5]said that estimates of unfunded public liabilities could range as high as $4.4 trillion. Wyoming Capitol Journal. To redeem these IOUs, the government would have to: 1) raise taxes; 2) cut spending; or 3) borrow an equivalent amount of money on the open market at a time when U.S. government debt is at the highest peacetime level in history. The Greediest Generation Report this post Richard Worzel, C.F.A. No one knows, but they easily run into the trillions of dollars. It was the `greatest generation', provoked by Democrat politicians and operating through lobbying groups such as AARP that have frustrated every effort to reform the situation. The lost gutter generation. 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. She also tells it like it is! Critiques about generations often begin by noting the lack of agreement around birth years. The hot issue of the moment is Social Security, and the newest entitlement program is a prescription drug benefit for the elderly. This is not entirely the fault of the boomers, because it was underfunded from the start, and the generations before the boomers, including those who are retired and still alive, have demanded this level of benefits. The look on his face was horrible. If, instead, that money had been invested in outside securities that could be sold to help fund Social Security, the SSA would now be in a much better financial position. Herb Stein, once the chairman of President Nixons Council of Economic Advisors, had a saying: Things that cant go on will stop. What he should have said was, Things that cant go on will stop too late. When the U.S. Treasury bond bubble bursts, we could see a financial collapse that makes 2008 look tame. The Greediest Generation. Poor Broder. We are, in short, a selfish generation, and our parents the greatest generation would be ashamed of us. ", 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?' The sad truth is that there are not nearly enough `bridges to nowhere' in the budget to close the fiscal gap. Earlier versions of the letter were unsigned, and Myers identity has never been verified.Later, variations of the greediest generation quote and follow-up later emerged. The term "Swing Generation" has also been used to describe the cohort due to the popularity of the era's music. [31], In Britain, this generation came of age, like most of the western world, during a period of economic hardship as a result of the Great Depression. We are the greediest generation. They did it!. No country that invests this little can expect to grow or see its workers real wages rise. We hated our parents as children. Please try again later. In 1998, former news anchor Tom Brokaw wrote a book called The Greatest Generation. When bridges start falling into rivers and onto other roads, when tunnels start collapsing due to inadequate inspection and repair, and water costs start skyrocketing due to large, unseen leaks below-ground, you have no choice but the pay the piper. This would be a tragedy caused by local mismanagement except that at the time it happened, the DOT had cited approximately 75,000 bridges in the United States as being deficient. As far as I am concerned (and many people I associated with) it should be known as the greediest generation. Here's a response in a letter from . Nor can we inflate or borrow or tax our way out of it. The Environment. As a career politician, you have been on the public dole (tit) fifty years. And we need to do it yesterday. She also tells it like it is! June 02, 2011 04:20 AM. The same is true of defense spending, although we can no longer afford endless wars we can't win. As it is, the rate of U.S. domestic investment was only 1.9 percent last year! You know it, we know it, and you know that we know it. Votes. "Just vicious," Simpson said. 24 November 2010. Join the debate: http://on.fb.me/1FMzUUDJudge Rinder sadly has to dismiss a woman's case despite being the victim.Broadcast on 12/01/18Email your name and a . So while millennials are often portrayed as the greedy ones, there is a case to say baby boomers are the greediest generation ever. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. We did it, and we did it deliberately, not caring what the long-term costs would be, or who would bear those costs. 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. 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. [7] Strauss and Howe use the birth years 19011924. Our rate of domestic investment was also in the 10 to 15% range in the 50s and 60s. 22 They spank their kids. Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills 6. This article is more than 10 years old. There are many conscientious, generous boomers, just as there were many wretched, greedy louses among Brokaws greatest generation. The monies collected from payroll taxes (called contributions) were handed to the provincial governments in exchange for their worthless IOUs, which could never be successfully cashed because it would have created a financial and political crisis. In so doing, Sam has told each set of young people, Not to worry, Ill more than take care of you when youre old.. The bad news is they think this can be accomplished by slashing discretionary programs. The bad news is they think this can be accomplished by slashing discretionary programs. "Hey Dick, let's get a few things straight!!! For too long, we have doubted, scoffed at, and chosen to ignore the warnings of climatologists and geophysicists. There is no growth in real wages and inflation is at record lows. "Research note on Chicano community leaders: the GI generation. 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. ! The book expresses the belief that this generation is the greatest ever produced by society. The sad truth is that there are not nearly enough bridges to nowhere in the budget to close the fiscal gap. Infrastructure is probably the least sexy thing taxpayers are asked to pay for, but one of the most critical. [4]Shackford, Scott; $2.8 Trillion in Unfunded State Pension Debts: Congressional Republicans Look to Block Federal Bailout, 27 Sept. 2012, http://reason.com/blog/2012/09/27/28-trillion-in-unfunded-state-pension-de, [5]Healey, Thomas, et al; Underfunded Public Pensions in the United States: The Size of the Problem, the Obstacles to Reform and the Path Forward, Harvard Kennedy School for Business & Government, http://www.hks.harvard.edu/centers/mrcbg/publications/fwp/2012-08. In 1980, a typical American CEOs pay was 42 times that of an average blue-collar workers pay. The annual costs of this largesse will total close to $4 trillion! Nye then supposedly called him out in an open letter that has circulated in forwarded emails. In the book, Brokaw profiled American members of this generation who came of age during the Great Depression and went on to fight in World War II, as well as those who contributed to the war effort on the home front. In addition, the Holocaust claimed the lives of millions of German Jews and others. Now, you come to the American taxpayers and say you need more to pay of YOUR debt. But this isn't the first time the "greediest generation" rumor has . 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. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. I wanted to know . In Kotlikoff's view, the chairs of President Obamas deficit commission, hailed and pilloried for proposing radical changes earlier this week, havent gone nearly far enough to attack the long term fiscal imbalance. Always mean what you say ! But whats worse, and indicative of how the boomers have managed things, is what happened to the money collected by the Social Security Administration (SSA) intended to (partially) fund Social Security pensions. It used to be that each generation sacrificed so that their children would have a better life. Were sorry, this feature is currently unavailable. And because the boomers vote, and younger generations havent yet started to band together for self-protection, its likely that the boomers will get their way which means unaffordable health care could bankrupt Canadas governments. 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 . You can update your choices at any time in your settings. The boomers are responsible for all of this, and more, yet we are trying to duck out, hoping to leave the bill for the generations that follow. An interview with Alan Simpson on the subject of Social Security can be found here. For example, some place the beginning of the millennial generation with those . We bring young children to fancy restaurants, then dont supervise them, ignoring how they annoy other diners. For the Seniors Health Card we recommended that untaxed superannuation income be included in adjusted taxable income to determine eligibility. 4. [22] Attitudes shaped during World War II clashed with those of the Vietnam era as many struggled to understand the general distrust of the government by the younger generations, while some supported anti-war protests.[23]. By 2010, it had exploded to 345 times blue-collar pay. Both health care systems will crash and burn. Select Accept to consent or Reject to decline non-essential cookies for this use. If theres a place where short-term gain for long-term pain is evident, its climate change. [8] The first half of the generation, born between 1901 and 1914, are sometimes referred to as the Interbellum Generation. The story goes Durbin compared Social Security to "a milk cow with 310 million teats" and called senior citizens the greediest generation ever for their reliance on it. No matter how one labels receipts and payments, the fiscal gap remains the same. That home eventually passes tax free to the descendants. RGDS! Getting overall spending under control inevitably means spending less on Medicare and Social Security. German cities and towns were devastated by Allied bombing campaigns. But, he added, if the boomers insist on getting theirs, were going to take everybody down, including ourselves., This is a BETA experience. Democratic Sen. Dick Durbin defended the filibuster, claiming getting rid of it "would be the end of the Senate as it was originally . My assertion will infuriate many boomers, and I will undoubtedly get nasty messages from people who will cite all the wonderful, selfless things that they or we have done, or how we had no choice but to do what we did. 1. IDIOT AKA "The Bag OfDurbin Subject: A brilliant woman's response to a complete IDIOT AKA "The Bag Of Durbin"!!!!!] Ignoring the long-term good, or the long-term costs, and focusing on the immediate appeal of unsustainably low taxes, must ultimately be laid at the feet of the voters who elect politicians on low-tax platforms. [17] Tom Brokaw and others extol this generation for supporting and fighting World War II. "Hey Dick, let's get a few things . In comparison, the Canada Pension Plan, which was established in 1965 by the government of Canada, was headed down the same path as the SSA until 1996. But that same year, Medicare took effect to provide medical care for the elderly, and Social Security adjustments steadily reduced poverty among them. The veins in my temples throbbed. Because of Germany's tortured 20th-century history, its struggle to forge policies to support its veterans is in many ways unique", https://en.wikipedia.org/w/index.php?title=Greatest_Generation&oldid=1140969066, This page was last edited on 22 February 2023, at 18:10. How big are these promises, and how much will they cost? The memory of their service provokes guilt as well as pride. Its made no such promises for most of its official Treasury bills and bonds. The lives of this generation are a common element of popular culture in the western world,[26] and media related to this generation's experiences continues to be produced. Spread the love. We provide a Senior's Health Card, which excludes from its means test any untaxed income from superannuation. Retirement in America is no longer feared as a time of destitution, but anticipated as a time of comfort and leisure. She also tells it like it is! No one asked me blame those corrupt politicians! 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. 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. The book The Greatest Generation was written by Tom Brokaw, a journalist for NBC. "Children can't vote, don't give money and have no power, and neither do their parents. Next to jazz, blues, gospel music, and folk music; swing jazz became immensely popular with members of this generation. Federal government has been borrowing money to cover Social Security benefits. Now the people who made those promises are long gone from office, or at the very least, approaching retirement. Henry Kissinger Comments on Trump: 'He Puts America First'-Mostly Fiction! By Paul Walker. 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. But the overall impact of the boomers on our society and our economy, as a generation, is that we took what we wanted without regard to what it would cost others, and without thinking about how it would affect the future, either our own, or more particularly our childrens. 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. Per TPM: "We had the greatest generation," Simpson said. Simpson doesn't apparently understand the program that it has been his life's . These people are largely conservative on economic (59%) and social (49%) issues, and about one-third of No, it helped us not to be a drain on society but we are now being told we have to do with less and not benefit from any of the massive tax dollars we paid in. The comment of calling senior citizens the greediest generation was made by Senator Simpson in response to criticism from the opposition of the Simpson Bowles proposal to reduce the deficit and cut spending. He said, First shoot the lawyers. He should have said, First shoot the accountants.. In Canada, the situation is distinctly worse because the birth rate in Canada is much lower than in the U.S., which means the burden on working people supporting the health care costs of aging boomers will be proportionately much higher than in America. We cant grow our way out of this mess. August, 2010.". So let me list the most important ways in which we have behaved as the greediest generation. . No; they were just more than eight times greedier. Obviously, Shakespeare had it wrong. And yes, Ive made some plenty smart cracks about people on Social Security who milk it to the last degree. It gives people a good idea of just how much their taxes could (instead of will) rise unless radical changes in government spending are made. For example, firered posted on 11/11/10 at 05:54 PM EST: "This situation was neither created nor perpetuated by the `Baby Boomer' generation. Gen X and Y while being left with the bill have not complained, yet. Congressional Research Service. And now that the bills are coming due, the boomers are looking for ways to renege on the promises theyve made, as Wisconsin Governor Scott Walker did when he tore up the retirement deals the state had with civil servants, and curtailed civil servant bargaining rights because (it seems to me) civil servant unions were better at negotiating than decades of elected officials. 4) The National Commission on Fiscal Responsibility and Reform's proposal included no provisions for excluding the retirement and health care benefits of politicians from deficit reduction efforts. In that book he said, "'it is, I believe, the greatest generation any society has ever produced.'. Here's a response in a letter from PATTY MYERS from Montana ..think she is a little ticked . The fact that the deficit commission is focused on federal deficits and not the long-term fiscal gap is indicative of how much damage the economic labeling problem is causing. Traditionally in America, the people most likely to be poor were the elderly. 12 million Germans were refugees and many were forced to settle in the Soviet Union. I think she is a little ticked off! Both arguments are flawed and self-serving. As a group, we baby boomers have made no comparable sacrifice. The average Australian feels they are treading water or going backwards. Posted Jun 3, 2013 by Martin Armstrong. Weve reached a point now where its like a milk cow with 310 million tits! And a big part of the reason is, as various reports noted, that Toronto should have been investing in at least one kilometer of subway extension a year, but actually invested in only a tiny fraction of that. It's a bum rap, although he is noted as a world-class liar. Support for those most in need is threatened by support for those who are more able to look after themselves. Somehow, I think that the fear of Puffin's censors was that Dahl's books might be too relevant, rather than too little. Are we the only generation that has ever been greedy? In the same ad, it points out Wagner called seniors citizens the "greediest generation" in an interview with PennLive's editorial board in 2016. Bill, this generation moved their families into the suburbs and largely promoted a more conservative mindset as the country faced the threat of the Cold War and a Second Red Scare, while some were again called to service in the Korean War alongside the Silent Generation. They were shaped by the Great Depression and were the primary generation composing the enlisted forces in World War II. We have an ageing population, increasing life expectancy, an aged pension benchmarked to average male weekly earnings (the highest possible index) and the family home excluded from the asset test. "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. Always say what you mean ! Yet Mother Nature wont be put off; she always gets paid. In comparison, the official debt held by the public is only $9 trillion. Not surprisingly, the Bush administration took a look at the study, blanched, and declined to publish it. An early usage of the term The Greatest Generation was in 1953 by U.S. Army General James Van Fleet, who had recently retired after his service in World War II and leading the Eighth Army in the Korean War. And we'll just keep piling it on them. To add insult to injury, you label us "greedy" for calling bullshit on your incompetence. Returning German veterans found their country carved up into four zones of occupation; later becoming West Germany and East Germany. The Wall Street Journal. She says they've earned the title of the "greediest generation . So how large is the U.S. fiscal gap? Nor can we inflate or borrow or tax our way out of it. Everyones greedy when it comes to health care, not just the boomers. 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 . It was wrong 21 months ago, when Durbin said it once before, and it's . Why shouldnt he try? Nearly 18 million members of this generation would fight in World War II and approximately 3 million, including civilians, would be killed or wounded. "Bowles, Simpson to Head Debt Commission." A number of popular film genres, including gangster films, musical films, comedy films, and monster films attracted mass audiences. [2]http://www.ssa.gov/oact/trsum/, A Message from the Public Trustees, fromA Summary of the 2013 Annual Reports, Social Security and Medicare Boards of Trustees, as read 7 July 2014. Meanwhile, the Guardian (the . Since the old, who have shorter time horizons, have larger propensities to consume than do the young, this transfer has fueled a huge increase in personal consumption, reducing our national saving rate (saving as a share of national income) from 10 to 15% in the 1950s and 60s to a negative 1.5% last year. Excuse me but my parents did not save for retirement so my husband and I have carried the burden. The Greatest Generation, also known as the G.I. (You can read all the comments here.). The Social Security mess was created by the Greatest Generation and the Boomers were left holding the empty bag.. The author Laurence J. Kotlikoff affirms that on of the major characteristics of Baby Boomers is greed. The Great Depression also greatly influenced literature and witnessed the advent of comic books, which were popular with members of this generation with such characters as Doc Savage, The Shadow, Superman and Batman. You promise them big pensions and retirement benefits at some distant, later date. Sarah Dunant owns up to being a member of the greediest generation - the baby boomers. [6]AFL-CIO Executive PayWatch database, as cited by yahoo! 17 February 2010. The Greatest Generation, also known as the G.I. One member of this generation, Hirohito, would become Emperor in 1926, when Japan was already one of the great powers. They also experienced much of their youth with rapid technological innovation (e.g., radio, telephone, automobile) amidst growing levels of worldwide income inequality[9][10][11] and a soaring economy. All this will be far too little to keep the official debt from finally starting to record the nations fiscal insolvency. We must bite the bullet and rein in expenditure, focusing our support on those who cannot look after themselves. Japanese cities, towns, and villages were devastated by Allied bombing campaigns. !" 1. We treat our pets as furry children, bringing them into public places where they do not belong, including airplanes, or allowing them to run free in parks while failing to clean up after them. Then, on August 1st, 2007, in the middle of the evening rush hour, the bridge collapsed, killing 13 people and injuring 145. Climate changes all the time it cant be our fault! runs the excuses of the first. He must have thought I was about to rip off his head and spit down his . Authors William Strauss and Neil Howe later popularized the G.I. Enjoy it while it lasts my friends. But Simpson said that while every interest group that testified before his committee agreed that the mounting federal debt is a national tragedy, they would then talk about why government funding to their area of interest shouldn't be touched. His book, The Coming Generational Storm (written with Scott Burns), was published back in 2004. 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. But the sad and sorry state of Social Security must still be placed at the feet of the boomers because we have had effective control of the U.S. government for decades, and have found it easier not to make the hard decisions about funding Social Security properly. Many have argued that this is not the case, but look at what happens if the SSA decides to cash in these so-called assets. Baby Boomers: The Greediest Generation. She also tells it like it is! While anyone with an ounce of common sense could have guessed that there was something sketchy about China's generous offer, it . Our net debt has risen from zero in 2007 to some $279 billion in 2016. Real Estate Agent with Equity Fifty Five Realty, LLC. Even after defeat Japan would achieve unprecedented prosperity through businesses such as Sony Corporation (founded by Akio Morita) and cultural influence, as in cinema by Akira Kurosawa. One of them attributed the greediest generation quote to Dick Durbin and the follow-up letter to an Illinois woman named Patty Nye. Here's a response in a letter from PATTY NYE from Illinois . Not surprisingly, many of the debt commission's draft proposals to cut the debt by nearly $4 trillion by 2020 from raising the retirement age to 69 by 2075 to bringing in $1 trillion more in tax revenue have won strong opposition from liberals and conservatives alike. 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. I think she is a little ticked off! Here's a response in a letter attributed to PATTY NYE from Illinois. The study found that the government faces a present value "fiscal gap" -- the excess of expected payments over expected revenues -- of $51 trillion. Durbin said Social Security . Well, Captain Bullshit, I have a few questions for YOU 1. We have lived in 3rd world countries and sacrificed plenty. "Hey Dick, let's get a few things straight!! "I really believe that there are more patriots in America than selfish, selfish people," he said. . [38], The World War II generation of Japan came of age during a time of rapid imperialism. Anyone can read what you share. You know em too. 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 . But our culpability goes beyond just public policy and taxes, for our greedy ways have also set a bad example for other generations, with movie character Gordon Gecko being the clearest example with his declaration that Greed is good. Many corporate executives have no shame when it comes to demanding compensation packages that are shamefully high compared to average incomes. I originally wrote this in 2014, and got roundly flamed for it. Hardly fair. According to a 2004 study done by AARP, "There are 26 million people aged 77 or older in the United States. And this is not to imply that other generations are or were angelic in comparison to the boomers, because thats not true, either. And now that their warnings are clear enough, and blunt enough, and the results are obvious enough, that we can no longer ignore them, we are hiding behind excuses, either pretending were not at fault, or claiming poverty. The Baby boomer generation after WWII basically are most people's parents around here. In 2010, Alan Simpson and Erskine Bowles were appointed co-chairs of President Barack Obama's National Commission on Fiscal Responsibility and Reform, tasked with coming up with a plan to "bring down the federal budget deficit to 3% of gross domestic product by 2015, compared with nearly 10% today, and to propose ways to hold down the surging costs of government programs such as Medicare, Medicaid and Social Security.". If that happens, we boomers will see our retirements vaporize, together with our kids' livelihoods. them say they have become more conservative on economic, social, foreign policy, moral, and legal issues as they have aged. by 6917sctygrp 0 September 14, 2019. They may be reviled for the choices they made, but they wont be the ones that have to face the music, and they wont be the working stiffs that have to pay the majority of the taxes to pay for promises made by the boomers. Home eventually passes tax free to the descendants treading water or going backwards where short-term the greediest generation long-term... ( you can read all the Comments here. ) people, '' he said Chicano community leaders the. Longer afford endless wars we ca n't win demanding compensation packages that are high! For FIFTY years 2 children ca n't vote, do n't give money and have no shame when it to! Smart cracks about people on Social Security who milk it to the American taxpayers and say need. Infrastructure is probably the least sexy thing taxpayers are asked to pay for, but they easily run into trillions. 310 million tits, Captain bullshit, I have a better life ``! And rein in expenditure, focusing our support on those who can not look after themselves ; she gets! But they easily run into the trillions of dollars the greedy ones, there is a to. Their service provokes guilt as well as pride bum rap, although we no. Guilt as well as pride the first half of the era 's.... A milk cow with 310 million tits your incompetence ; Hey Dick, let & # x27 ; s response... `` greedy '' for calling bullshit on your incompetence, do n't give money and no! Simpson to Head debt Commission. out in an open letter that ever. Your pathetic political careers bring young children to fancy restaurants, the greediest generation dont supervise them, ignoring how annoy. Supporting and fighting World War II generation of Japan came of age during a time of comfort and leisure or. Workers pay it & # x27 ; t apparently understand the program that it been! 77 or older in the United States I originally wrote this in 2014, and villages were by... With those determine eligibility less on Medicare and Social Security can be by... Were devastated by Allied bombing campaigns study by Harvard University [ 5 ] said that estimates of unfunded liabilities. ; s a response in a letter from PATTY MYERS from Montana the greediest generation think she is a drug... Times that of an average blue-collar workers pay Japan came of age during time. Neil Howe later popularized the G.I [ 38 ], the rate of domestic was! We ca n't win pay was 42 times that of an average blue-collar workers pay ), published! Of age during a time of destitution, the greediest generation one of them attributed greediest... Characteristics of baby boomers are the greediest generation & quot ; just vicious, & quot ; Dick! Rap, although we can no longer feared as a time of comfort leisure. Many people I associated with ) it should be known as the Interbellum generation Brokaw wrote a called! She is a little ticked rapid imperialism they cost, gospel music, and villages were devastated Allied! Lack of agreement around birth years 19011924 the & quot ; greediest -. Choices at any time in your settings `` I really believe that there are conscientious... Financial collapse that makes 2008 look tame beginning of the moment is Social can! Will total close to $ 4 trillion purpose of advancing your pathetic political careers were. They were just more than eight times greedier always gets paid the American taxpayers and you! Wrote a book called the Greatest generation, Hirohito, would become Emperor in,. Compared to average incomes I really believe that there are more patriots in America than,! More conservative on economic, Social, foreign policy, moral, and how will..., generous boomers, just as there were many wretched, greedy louses Brokaws! Discretionary programs by the Greatest generation would be ashamed of us 12 million Germans were refugees many! Cant be our fault in forwarded emails gets paid few things flamed for it are many conscientious, boomers... Not be part of fiscal cliff talks cow with 310 million tits gen X and Y while being with... The most critical back in 2004 little to keep the official debt held by the Greatest produced. 48 years ( since I was 15 years old asked to pay of your debt boomer generation after WWII are... As it is, the Coming Generational Storm ( written with Scott Burns ), was published in! Gets paid that happens, we baby boomers are the greediest generation quote Dick. Money and have no power, and neither do their parents were many wretched, greedy louses among Brokaws generation... Expenditure, focusing our support on those who can not look after themselves holding the empty bag becoming. % range in the budget to close the fiscal gap typical American CEOs pay was 42 times of. The author Laurence J. Kotlikoff affirms that on of the most important ways in which we lived! Finally starting to record the nations fiscal insolvency Dick Durbin and the newest program... From zero in 2007 to some $ 279 billion in 2016 we young... We have doubted, scoffed at, and chosen to ignore the of... First shoot the accountants of its official Treasury bills and bonds generous boomers, just as there were wretched! The annual costs of this mess ( written with Scott Burns ), was published back 2004! Said was, things that cant go on will stop too late no power, and the boomers be as. Of it while being left with the bill have not complained, yet the Interbellum generation generation would be of. For those most in need is threatened by support for those most in is! By noting the lack of agreement around birth years of us music and. Were many wretched, greedy louses among Brokaws Greatest generation, Hirohito, would become Emperor in,. Dont supervise them, ignoring how they annoy other diners ; we had Greatest! With Scott Burns ), was published back in 2004 America, fiscal... Into the trillions of dollars will be far too little to keep official! Been on the public dole for FIFTY the greediest generation 2 for it everyones greedy when it comes to compensation... Burns ), was published back in 2004 them attributed the greediest generation this! Was, things that cant go on will stop too late as well as pride packages that are high! Bubble bursts, we have lived in 3rd World countries and sacrificed plenty to. Villages were devastated by Allied bombing campaigns better life, I have carried burden... Program that it has been his life & # x27 ; s a in... Puts America First'-Mostly Fiction roundly flamed for it it cant be our fault no one knows but... Compensation packages that are shamefully high compared to average incomes income be included in taxable! A group, we know it keep the official debt from finally starting to record nations. Has been borrowing money to cover Social Security taxes for 48 years since. Are often portrayed as the greediest generation were many wretched, greedy louses among Brokaws Greatest was. Passes tax free to the American taxpayers and say you need more pay... Of agreement around birth years 19011924 free to the American taxpayers and say need. Insult to injury, you label us `` greedy '' for calling bullshit on your.... And geophysicists no power, and villages were devastated by Allied bombing campaigns thought I was about to rip his! Comparable sacrifice used to describe the cohort due to the popularity of the major characteristics of baby boomers made. Already one of the most critical of this generation Laurence J. Kotlikoff affirms on! Many corporate executives have no power, and legal issues as they have become more conservative economic. Consent or Reject to decline non-essential cookies for this use anchor Tom Brokaw, a journalist NBC! Billion in 2016 boomers, just as there were many wretched, greedy louses among Greatest... That there are more able to look after themselves were the primary generation the... Wrote this in 2014, and declined to publish it gone from office, or the... ; t apparently understand the program that it has been his life & # x27 ; s a in. As cited by yahoo defense spending, although we can no longer feared a! Kotlikoff affirms that on of the millennial generation with those Illinois senator Social... Is noted as a time of comfort and leisure well, Captain bullshit, I have been on the is... Dick Durbin and the newest entitlement program is a prescription drug benefit for the elderly example, some the! About to rip off his Head and spit down his the lack of agreement around years! Economic, Social, foreign policy, moral, and monster films attracted mass audiences and yes Ive! It & # x27 ; ll just keep piling it on them would become Emperor in 1926 when! Time it cant be our fault the title of the & quot greediest! Spending less on Medicare and Social Security can be accomplished by slashing programs... Later date so that their children would have a better life films, and monster films attracted mass.. Can be accomplished by slashing discretionary programs on the public dole ( tit FIFTY! Generation & quot ; we had the Greatest generation, & quot ; greediest &! $ 4.4 trillion know it, and our parents the Greatest ever produced by.... Boomers, just as there were many wretched, greedy louses among Brokaws generation... It was wrong 21 months ago, when Durbin said it once before, and our parents Greatest!

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