Bruce Krasting touches on a theme I revisit after his comments. Namely the coming generational war if Boomers attempt to continue generational trend of living off the plates others if they attempt to pass the cost of SS to susequent generations...
Bottom line; either a significant portion of seniors are going to be eating cat food, or the next few generations are going to be paying (unfairly) through the nose.
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To me, it is absolutely insane to think that the Baby Boomers (I’m one) can put the burden of SS on younger workers. This simply will not work. The result of a policy approach that sticks everyone under 50 with the cost of the Boomers is going to result in deep social divides. We have enough problems in our society today. We don’t need/want Age Warfare to be added to the list. But if the plan to “fix” SS is one that sticks the bill onto young people we WILL have age warfare, it’s inevitable. The social consequences would be greater than the economic costs. Why does no one see this?
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The solution(s) have to be born (largely) by the Baby Boomers themselves. Post the Boomers, SS can be a PayGo concept. But the transition is not PayGo. It is a huge inter-generational transfer of wealth. This means that well off Boomers (there are many, including myself) are going to have to dig into their pockets to support those in their age group who did not fair so well. That, in my opinion, is the only viable solution. That would be more representative of the American way. Fairness.
As I have gently mentioned previously:
The majority of the boomer generation could never stop thinking of themselves. First rejecting the thrift, success and sacrifice of the greatest generation then engorging themselves on a combination of free love, consumerism, and me-ism. Nothing satiated the boomer generation; not their incessant self aggrandizing through the media, not new age nonsense. They were lost in an endless maze of perpetual desire and unable to find contentment. Now with the bill for all their excess firmly on the table, they pass it on to subsequent generations. Once a hippie, now the man -- perpetually living off the plate of another.
Never before has our country seen such a worthless, selfish, shiftless, horrible, or gluttonous group of malcontents so intent on shifting their individual responsibility to society as the generation that followed the Greatest Generation.
They truly are --- The Worst Generation.
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