An acquaintance of mine recently called the Baby Boomers the most selfish of generations. Certainly this is true so far. They will be the generation that burned up the fossil fuels by driving SUVs to work everyday with only a single passenger. They will be the generation that straddles future generations with mountains of debt. Do we (the Boomers) have an obligation to paying off this debt? I say yes. I worked for private companies for most of my career. But when I look at the companies I worked for I realize that without the government deficit military spending our company would not have existed. Reagan financed my job through deficit spending. The company I worked for helped pay for most of the other jobs in town.
The reason I live a comfortable lifestyle now is because it was financed through debt to be paid by future generations.
Most Boomer jobs were financed through government debt which made them (us) prosperous. Now the debt is starting to really impact the economy but the Boomers are refusing to pay back what they borrowed and complaining about high taxes (taxed enough already). I believe in paying my debts but neither liberals nor conservatives are willing to raise taxes to pay off the deficit. The most selfish generation (Boomers) would have to commit to paying higher taxes to pay off the deficit.
Good luck with that.
Oh, and I heard someone say that we should pay off the debt by lowering taxes. Reagan proved that theory was bogus. It won't work. Boomers and future generations will have to work harder, pay higher taxes and retire later. The Xs and Millenials should not let the Boomers get away with screwing them over.
Recently others have been noticing the same thing:
Are the Boomers Screwing the Millenials?
The Screwed Generation
This will not end well...
