#132 is on the right page of the right book.

Most people whose posts I have read do not seem to understand demographics.

Here is the rundown.

The Boomer Generation is 3 times the size of generation X.

So, when we talk about the Boomers leaving huge bills to Generation X, we are not talking about your personal finances.

What we are talking about is a generation that spent money and incurred debt, on a governmental level, based on the fact that a huge population would service that debtload.

Forgotten from the equation, was the novel idea of planning for all this debt to be eliminated before the generation that incurred it expires.

Instead, that plan was forgone in favor of fattening the gravy even more, and the debtload has been allowed to continue to grow to an unmanageable level, only to be left to a population that is 1/3 the size of it, to service all this debt.

That is going to leave us with an enormous tax burden that we cannot support.

On top of that, they will leave us with zero-funds pension plans and enormous medical costs.

That is how we got robbed.
It’s got nothing to do with your career, although I agree that the boomers still hog most of the good jobs while hooked up to their respirator.

http://www.nationalpost.com/opinion/columnists/story.html?id=734ff73e-1f8c-4bfd-b3de-5e468913e8be

Speaking of the National Post, rumour is that tomorrow (Oct 30) could well be the last issue.

- Yes
- Yes
- Yes
- Yes indeed.

I am sorry I missed an old fashioned “Boomers vs. the ROW” dust-up. I love those things. But the posters that said (basically) “Shit gonna happen, don’t matter who caused what” are right. We are going to be in mess ‘o trouble very soon, with such a large subset of our population gradually switching over from mostly producing to mostly consuming (if not entirely consuming, as they age).

The buy-now-pay-later mentality of our leader class over the past 50 or 60 years is coming home to roost, and those that set this course are now dead or living their last years in adequate care. Boomers and the rest of us are soon going to reap the harvest of this, the ultimate PONZI scheme.

And we will fight like dogs over the scraps of society’s resources that are left.

Sigh.