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Boomers's want Free Stuff.

Getting really sick of this idiotic trope claiming that Millennials or Socialists want a bunch of free stuff. Nope, we'll happily pay our taxes as long as we need to in order to get these things. Given that most of these young people are college educated and have pretty solid jobs we'll be the ones paying most of the taxes in the future anyway.

So who wants free stuff? The Baby Boomers do. For decades the baby boomers have elected President after President who has run massive massive deficits. Often times for no reason at all. The baby boomers have borrowed trillions of dollars to pay for their excesses and to help enrich themselves. Now those baby boomers expect to retire, and leave a $23 Trillion dollar National debt for their children to pay off with interest.

Baby boomers ran up this tab and my generation expects these free loaders to pay it back before they leave this earth. If millennial weren't stuck paying down the debts of our parents generations it would be a piece of cake to pay for Universal Health Care and cover the cost of higher education for anybody who wants it.

Until I see ever dime of this $23 Trillion dollar national debt paid off by the Baby Boomers who racked it up, don't you dare accuse my generation of wanting "free" stuff. We're happy to pay for our own stuff, but you've left us stuck paying for your stuff too.

P.S.
Don't even waste your time trying to accuse Obama of deficit spending. The three main causes of deficits under Obama's first term were the Bush tax cuts, the Wars in Iraq in Afghanistan, and the Great Recession itself. All problems that were caused by Bush and fixed by Obama. Obama's deficits shrank in each year of his second term, and we'd likely have a surplus today if we were still on Obama's tax brackets.

*** Mods: Please take the additional 's off of the thread title if possible. Not sure were that came from.
Ironic you claim boomers want free stuff then bang the drum for free healthcare and education.

Obama did nothing to fix the recession; it ended shortly after his Inauguration. What he DID DO was drag down the recovery, making it the most pathetic since WW II. Notice that Obama's deficits shrunk after the GOP took back control of the House - which appropriates the funds for spending, same thing happened for Clinton. And the reverse happened to GWB - once Dems took Congress deficits grew and the Great Recession ensued less than a year later.
 
Voting age wasn't lowered to 18 until 1971.. So to blame Nixon, or even Reagan on the boomers is unfair. Most boomers couldn't even vote in 1968
The other poster mentioned Nixon. I primarily blame Reagan, Bush, Bush, and Trump. All of which were heavily supported by Baby Boomers.

So chances are I doubt you can pin Reagan on the boomers.
Oh believe me. Reagan was heavily elected by the Baby Boomer Generation. Keep in mind it was a baby BOOM! Even if a relatively small percentage of them voted it still worked out to be a huge number. If the Boomers first started voting in 68 that would have put them in their early 30's in time for Reagan.
 
First....

Chair of the Federal Reserve - Wikipedia



So, you're flat wrong. The head of the Fed is in fact appointed by the President. So it was in fact Presidents that baby boomers voted for that are responsible for those in charge of the FED.

But more importantly than that you are mistaking fiat currency for borrowing. Congress ultimately passes budgets which are approved by the President. They decided how much money to spend and how much to bring in via taxation. If the government doesn't bring in enough in taxation to cover it's expenditures it's the Treasury not the fed who has to figure out how to cover the difference.

The FED has little or nothing to do with any of these decisions.

Fiat currency IS borrowing. The FED is at the core of those decisions. Try YouTube: Money as Debt.

BUT, in any case it's not boomers it's ALL Americans since 1913 that have been swindled into the debt we have today.
 
"But “free stuff” from the government is far more extensive than the benefits disdained by those politicians, and is eagerly accepted by people of every race and income level. As Howard Gleckman, a tax expert who writes for the Tax Policy Center, a joint venture of the Brookings Institution and the Urban Institute, pointed out recently, virtually every American gets some kind of government subsidy, from people who have mortgages or employer-sponsored health care (big tax deductions) to those who work for or invest in big companies (big corporate tax subsidies). Recipients of Social Security and Medicare get back far more in benefits than they paid in taxes."
 
Ironic you claim boomers want free stuff then bang the drum for free healthcare and education.
Please read the OP before commenting on it. As I stated millennials are more than happy to pay the taxes necessary to cover universal health care and higher education. Furthermore as college educated young people with solid jobs we'll be the ones shouldering the highest tax burden from here on out.

Obama did nothing to fix the recession; it ended shortly after his Inauguration.
Six months after to be exact. That also happens to perfectly coincide with when the first funding from the Stimulus Package he passed started to be spent. So...you're just flat wrong.

Notice that Obama's deficits shrunk after the GOP took back control of the House
They shrunk after Obama forced Republicans to repeal Bush's tax cuts. The year following the repeal of the Bush tax cuts we saw the highest job creation of Obama's term.

which appropriates the funds for spending, same thing happened for Clinton. And the reverse happened to GWB
Congress cannot pass a budget without the President's signature. The housing bubble was created by Bush's unnecessary tax cuts long before Democrats took control of congress.
 
Fiat currency IS borrowing.
False. Printing paper with a president's picture on it is no different than printing cards with a baseball player on it. Topps baseball card company isn't borrowing money when they produce a package of baseball cards. As the owner's of the Topp's brand they have ever right to print as many cards as they wish. They also have every right to reduce production in order to drive up demand if they choose. What the fed does is no different. We control our own money. We can print as much as we want so long as we're confident people actually want it.


BUT, in any case it's not boomers it's ALL Americans since 1913 that have been swindled into the debt we have today.
False. The national debt had been almost reduced to zero prior to Ronald Reagan's presidency. It has sky rocketed ever sense. It is primarily Baby Boomers who elected the leaders that made these choices.
 
Fiat currency IS borrowing. The FED is at the core of those decisions. Try YouTube: Money as Debt.

BUT, in any case it's not boomers it's ALL Americans since 1913 that have been swindled into the debt we have today.

also fiat currency: see inflation. which is why its harder to make ends meet nowadays.
 
Getting really sick of this idiotic trope claiming that Millennials or Socialists want a bunch of free stuff. Nope, we'll happily pay our taxes as long as we need to in order to get these things. Given that most of these young people are college educated and have pretty solid jobs we'll be the ones paying most of the taxes in the future anyway.

So who wants free stuff? The Baby Boomers do. For decades the baby boomers have elected President after President who has run massive massive deficits. Often times for no reason at all. The baby boomers have borrowed trillions of dollars to pay for their excesses and to help enrich themselves. Now those baby boomers expect to retire, and leave a $23 Trillion dollar National debt for their children to pay off with interest.

Baby boomers ran up this tab and my generation expects these free loaders to pay it back before they leave this earth. If millennial weren't stuck paying down the debts of our parents generations it would be a piece of cake to pay for Universal Health Care and cover the cost of higher education for anybody who wants it.

Until I see ever dime of this $23 Trillion dollar national debt paid off by the Baby Boomers who racked it up, don't you dare accuse my generation of wanting "free" stuff. We're happy to pay for our own stuff, but you've left us stuck paying for your stuff too.

P.S.
Don't even waste your time trying to accuse Obama of deficit spending. The three main causes of deficits under Obama's first term were the Bush tax cuts, the Wars in Iraq in Afghanistan, and the Great Recession itself. All problems that were caused by Bush and fixed by Obama. Obama's deficits shrank in each year of his second term, and we'd likely have a surplus today if we were still on Obama's tax brackets.

*** Mods: Please take the additional 's off of the thread title if possible. Not sure were that came from.

That's funny, the only president ever to have a billion-dollar Surplus was a Democrat, and greatest deficit American history was given to us by a Republican president
 
The other poster mentioned Nixon. I primarily blame Reagan, Bush, Bush, and Trump. All of which were heavily supported by Baby Boomers.


Oh believe me. Reagan was heavily elected by the Baby Boomer Generation. Keep in mind it was a baby BOOM! Even if a relatively small percentage of them voted it still worked out to be a huge number. If the Boomers first started voting in 68 that would have put them in their early 30's in time for Reagan.

I disagree about Reagan. We'll agree to disagree..
 
Please read the OP before commenting on it. As I stated millennials are more than happy to pay the taxes necessary to cover universal health care and higher education. Furthermore as college educated young people with solid jobs we'll be the ones shouldering the highest tax burden from here on out.
And who authorized you to double the taxes on your generation mates?

MrWonka said:
Six months after to be exact. That also happens to perfectly coincide with when the first funding from the Stimulus Package he passed started to be spent. So...you're just flat wrong
Well, no, not really. I took months to get even a small amount of that money working. The "shovel ready jobs" Obama promised didn't exist.

MrWonka said:
They shrunk after Obama forced Republicans to repeal Bush's tax cuts. The year following the repeal of the Bush tax cuts we saw the highest job creation of Obama's term.
Well, gee he was recovering from a recession, image jobs actually being created and tax revenue actually increasing. Of course Obama's economic malfeasance resulted in the worst recovery of any recession since WW II. And don't forget Obama himself acknowledge the weak economic growth by telling us slow growth was the "new normal".

MrWonka said:
Congress cannot pass a budget without the President's signature. The housing bubble was created by Bush's unnecessary tax cuts long before Democrats took control of congress.
Bush's tax cuts had nothing to do with the housing crisis - the genesis of that goes back to Clinton era when he and his useful idiots attempted to create "affordable housing" be coercing lenders to ignore sound qualifications and instead write loans for anyone who walked into the office.

Oh, by the way Bush's tax cuts EXPIRED on January 1 2013; On January 2 2013 Obama signed an extension.
 
If finger pointing were lethal, this thread would be hip deep in bodies.
 
Nonsense. Ending deficit spending is absolutely a goal that virtually the entire Democratic Party supporters. At a minimum they support reducing our deficits to insure they do not exceed GDP Growth.
Again, who empowers you to speak on behalf of an entire party? Have you paid any attention to the leading Dem Presidential candidates? Which are advocating the reduction in deficit spending. Beyond that can you name ANY Dems that eschew deficit spending?

MrWonka said:
Wrong. Under Universal health care each person would pay a premium for health care just as they do today. The difference is that they'd pay it to the government instead of a private company, and every person's contribution would not be determined by their age or health status. Each person would be asked to contribute what they could reasonably afford. Nothing would be free unless you're extremely poor, but it would be the super wealthy that would help them out. For the average middle class American you would pay roughly the same or less in yearly premiums, but you would still be paying for it.
:lamo
 
Getting really sick of this idiotic trope claiming that Millennials or Socialists want a bunch of free stuff. Nope, we'll happily pay our taxes as long as we need to in order to get these things. Given that most of these young people are college educated and have pretty solid jobs we'll be the ones paying most of the taxes in the future anyway.

So who wants free stuff? The Baby Boomers do. For decades the baby boomers have elected President after President who has run massive massive deficits. Often times for no reason at all. The baby boomers have borrowed trillions of dollars to pay for their excesses and to help enrich themselves. Now those baby boomers expect to retire, and leave a $23 Trillion dollar National debt for their children to pay off with interest.

Baby boomers ran up this tab and my generation expects these free loaders to pay it back before they leave this earth. If millennial weren't stuck paying down the debts of our parents generations it would be a piece of cake to pay for Universal Health Care and cover the cost of higher education for anybody who wants it.

Until I see ever dime of this $23 Trillion dollar national debt paid off by the Baby Boomers who racked it up, don't you dare accuse my generation of wanting "free" stuff. We're happy to pay for our own stuff, but you've left us stuck paying for your stuff too.

P.S.
Don't even waste your time trying to accuse Obama of deficit spending. The three main causes of deficits under Obama's first term were the Bush tax cuts, the Wars in Iraq in Afghanistan, and the Great Recession itself. All problems that were caused by Bush and fixed by Obama. Obama's deficits shrank in each year of his second term, and we'd likely have a surplus today if we were still on Obama's tax brackets.

*** Mods: Please take the additional 's off of the thread title if possible. Not sure were that came from.

Damn, can not imagine blaming a generation for problems this country currently has. I never agreed with that mentality and I would probably rate that attitude as PREJUDICE!!!

You would think a highly educated Millennial as yourself would not chartagize people, but hey, guess they are not giving you harassment training at your place of employment.

Do you really thing Boomers really wanted to go to Vietnam??? I remember the Boomers screaming not to go. Do you think Boomers wanted to go to Afghanistan? Do you think the Boomers were responsible for creating the military complex? How about the healthcare complex, The energy complex, the industrial complex? NO they were not.

Do you think the millennials would look back into history and see exactly how the Boomer generation was screwed by our government?

The rich lobby government to talk the american people into deciding what is best for them ( the rich) not the average american person.

With you UHC system. who do you think is going to pay for that, the citizen or the corporation? What is one of the biggest expenses for corporations today? What is the best method for them to get out of that liability? How will their profits go up and the workers taxes go up? Ask yourself, no really ask yourself who UHC would really benefit and then ask yourself if you really think they will be paying for all the wonderful saving they attain.

I will tell you this, I made a fortune on healthcare stocks thank to Obama. Another commenter highlighted the pitfalls for the insurance companies, but any industry with high healthcare costs will absolutely make me a second fortune.

It is a game young man and once you realize who the dealers are, you will understand that No government is for the people (at least common people).
 
Damn, can not imagine blaming a generation for problems this country currently has.
Really? Cause everyone sure seems to want to blame Millenials for everything. Despite the fact that we've had zero power whatsoever for the last thirty years. Face reality. The Boomers have been instrumental in electing every single solitary politician for the last four decades running. They have been the driving force in U.S. Policy since their mid 20's.

I never agreed with that mentality and I would probably rate that attitude as PREJUDICE!!!
Prejudice would be if you judged each individual Baby Boomers based on the fact that they were Baby Boomers alone. Clearly the Clintons, Warren, Bernie, Biden and others fall in to that category. Yet they are very good people who have tried the best they can to prevent the mess we are in. But it is an objective fact that The Republicans Presidents who are almost exclusively responsible for the current national debt we have were largely elected by the Baby Boomer generation even if it was only 60% that voted for them.

Do you really thing Boomers really wanted to go to Vietnam???
We're not discussing Vietnam. We're discussing the current National Debt.

I remember the Boomers screaming not to go. Do you think Boomers wanted to go to Afghanistan? Do you think the Boomers were responsible for creating the military complex? How about the healthcare complex, The energy complex, the industrial complex? NO they were not.
Well actually, yeah they were largely to blame for all of those things. They are problems almost exclusively caused by Republican Presidents over the last four decades and it was Baby Boomers who are almost entirely responsible for their election. I mean you could break it down further and say White Rural Christian Baby Boomers, but yeah still baby boomers who are mostly to blame.

Do you think the millennials would look back into history and see exactly how the Boomer generation was screwed by our government?
The Boomer Generation is the wealthiest generation in all of Human History. Their parents payed for the interstate highway system that made them filthy rich. They were able to get upper middle class jobs without any higher education. They bought houses sooner and they started out life debt free.

They payed lower tax rates than any generation since the New Deal, but were still able to afford all the investments they wanted to make because they racked up $23 Trillion dollars in debt which they are now expecting their children to pay off with interest.

The rich lobby government to talk the american people into deciding what is best for them ( the rich) not the average american person.
1.) As stated the Baby Boomer generation is the wealthiest generation in human history. They were largely to blame for the con job in the first place.
2.) Those average Americans who fell for the lies spread by Rich Republicans were almost exclusively baby boomers.

Either way, Still baby boomers fault.

With you UHC system. who do you think is going to pay for that
We will. We will have taxes deducted from our paychecks for the rest of our adult lives. Baby boomers at this point are largely retiring. They will pay little or no future tax and they will receive medicare paid for by us whether UHC passes or not.

the citizen or the corporation?
Both, but if done properly it will largely be the corporations. That is how Warren has structured her plan.

It is a game young man and once you realize who the dealers are, you will understand that No government is for the people (at least common people).
No, that's just the problem. Rather than fix the government the Baby Boomer generation trashed the government. Convinced it was their enemy by those same Rich people you were just talking about. In countries where people use the government properly, Canada, Normay, Finland, Denmark, Sweden, New Zealand... They have the highest quality of life in the world. Much higher than the United States.
 
Again, who empowers you to speak on behalf of an entire party?
I'm not, I'm repeating the statements and actions of the party leaders. Bill Clinton left office with a Surplus. Obama was well on his way to one. Sanders and Warren have both advocated for higher taxes to insure their policies are paid for.

Have you paid any attention to the leading Dem Presidential candidates?
Yes, instead of letting Fox News tell me what they are saying like you do, I actually listen to them and get my facts and history from the real world.

Which are advocating the reduction in deficit spending.
Literally all of them.

Beyond that can you name ANY Dems that eschew deficit spending?
Literally all of them. Each and every democratic candidate in the field has pushed for tax rates similar to those under the Obama administration. Most have advocated for additional ones on top of that. They have all proposed plans that will reduce our health care costs as well and save the nation money.
 
And who authorized you to double the taxes on your generation mates?
My generation voted for Obama. They voted for Clinton. They will vote for Sanders or Warren. They have chosen that for themselves. It is the Boomers who forced it upon us by leaving us $23 Trillion in debt.

Well, no, not really. I took months to get even a small amount of that money working. The "shovel ready jobs" Obama promised didn't exist.
False. Numerous road construction projects that were ready to go got underway in June of that year. The money also went to insure states didn't have to lay off teachers and other government workers to make their budgets balance.

And don't forget Obama himself acknowledge the weak economic growth by telling us slow growth was the "new normal".
Which is true. GDP growth is largely driven by population growth. As the population growth slows GDP growth will as well. That is why despite a massive and unnecessary tax cut designed to stimulate the economy the GDP growth under Trump has been no better than Obama's.

Bush's tax cuts had nothing to do with the housing crisis
Where do you think all those rich assholes got all that extra money they used to recklessly invest in subprime mortgages?

Oh, by the way Bush's tax cuts EXPIRED on January 1 2013; On January 2 2013 Obama signed an extension.
He extended the cuts for the middle class. Not the wealthy.
 
I disagree about Reagan. We'll agree to disagree..

This is an objective fact. You are wrong. Both my mother and father were in their late twenties early 30's when Reagan was Elected. They were both Baby Boomers. Each had 13 Brothers and Sisters. They all voted for Ronald Reagan.
 
This is an objective fact. You are wrong. Both my mother and father were in their late twenties early 30's when Reagan was Elected. They were both Baby Boomers. Each had 13 Brothers and Sisters. They all voted for Ronald Reagan.

I'm not going to address how your family voted, because I have no idea. All I'm saying is you're over simplifying what went on.

You make it sound like all the boomers were born in 1 year, and they all voted the same.. The Boomers of 1962, 63, and 64 couldn't even vote in 1980. And many of the other Boomers were in their teens and twenties, which always have been a demographic that seldom voted.

Add in that many of the other Boomers were Vietnam era protesters who still had a bad taste in their mouth about Nixon, so they probably were no fans of Reagan.

From Clinton on if you want to blame the Boomers, I will agree with some of that. But before Clinton not so much.
 
Getting really sick of this idiotic trope claiming that Millennials or Socialists want a bunch of free stuff. Nope, we'll happily pay our taxes as long as we need to in order to get these things. Given that most of these young people are college educated and have pretty solid jobs we'll be the ones paying most of the taxes in the future anyway.

So who wants free stuff? The Baby Boomers do. For decades the baby boomers have elected President after President who has run massive massive deficits. Often times for no reason at all. The baby boomers have borrowed trillions of dollars to pay for their excesses and to help enrich themselves. Now those baby boomers expect to retire, and leave a $23 Trillion dollar National debt for their children to pay off with interest.

Baby boomers ran up this tab and my generation expects these free loaders to pay it back before they leave this earth. If millennial weren't stuck paying down the debts of our parents generations it would be a piece of cake to pay for Universal Health Care and cover the cost of higher education for anybody who wants it.

Until I see ever dime of this $23 Trillion dollar national debt paid off by the Baby Boomers who racked it up, don't you dare accuse my generation of wanting "free" stuff. We're happy to pay for our own stuff, but you've left us stuck paying for your stuff too.

P.S.
Don't even waste your time trying to accuse Obama of deficit spending. The three main causes of deficits under Obama's first term were the Bush tax cuts, the Wars in Iraq in Afghanistan, and the Great Recession itself. All problems that were caused by Bush and fixed by Obama. Obama's deficits shrank in each year of his second term, and we'd likely have a surplus today if we were still on Obama's tax brackets.

*** Mods: Please take the additional 's off of the thread title if possible. Not sure were that came from.

When the Millennials inherit the Boomer's ill gotten gains they'll be able to pay it back if they want.
 
When the Millennials inherit the Boomer's ill gotten gains they'll be able to pay it back if they want.

Except those ill gotten gains only went to about 5% of the country so only 5% of us will actually reap those rewards. When the baby boomers parents passed on the counties income was much more evenly dispersed. As a result almost every baby boomer got something passed on from their parents.
 
Except those ill gotten gains only went to about 5% of the country so only 5% of us will actually reap those rewards. When the baby boomers parents passed on the counties income was much more evenly dispersed. As a result almost every baby boomer got something passed on from their parents.

So 95% of boomers (or their kids) didn't benefit?
 
You make it sound like all the boomers were born in 1 year, and they all voted the same.. The Boomers of 1962, 63, and 64 couldn't even vote in 1980. And many of the other Boomers were in their teens and twenties, which always have been a demographic that seldom voted.

Add in that many of the other Boomers were Vietnam era protesters who still had a bad taste in their mouth about Nixon, so they probably were no fans of Reagan.

From Clinton on if you want to blame the Boomers, I will agree with some of that. But before Clinton not so much.

Sorry buddy, but you're just flat wrong. I'd almost guarantee you that if you look at every election starting with Ronald Reagan in 1982 you'd find that the majority of Baby Boomer voters voted for the Republican candidate. And when the Republican candidate won the vote margins of the baby boomer generation was what put that candidate over the top.

If you'd prefer to primarily blame white rural christian baby boomers that's just fine, but they are still baby boomers. In fact, the baby boom was the most prevalent in rural areas because farmers were the ones having kids so they had help working on the farm.
 
So 95% of boomers (or their kids) didn't benefit?

The majority of the boomers were useful idiots. They were largely rural religious zealots, racists and gun nuts. Nixon(and all future Republicans) targeted them for votes because they knew they were the only people in the country stupid enough to vote against their own economic best interests. So yeah, while the majority of Boomers elected these ****ty Republican Presidents it was only a relatively small percentage of the Boomers who really benefited from it.

Basically about 60-65% of Boomers voted for the morons, but only maybe 10% really reaped the benefits of it.
 
The majority of the boomers were useful idiots. They were largely rural religious zealots, racists and gun nuts. Nixon(and all future Republicans) targeted them for votes because they knew they were the only people in the country stupid enough to vote against their own economic best interests. So yeah, while the majority of Boomers elected these ****ty Republican Presidents it was only a relatively small percentage of the Boomers who really benefited from it.

Basically about 60-65% of Boomers voted for the morons, but only maybe 10% really reaped the benefits of it.

Every generation has its share of useful idiots, urban, rural and otherwise. No generation is immune from hubris either.
 
I'm not, I'm repeating the statements and actions of the party leaders. Bill Clinton left office with a Surplus. Obama was well on his way to one. Sanders and Warren have both advocated for higher taxes to insure their policies are paid for.
You do know that most of Clinton's surplus was due to overcollections of Social Security taxes, right? In fact net of FICA, Clinton's Surplus was just $1 Billion. Obama on his way to a surplus? In what universe?

MrWonka said:
Yes, instead of letting Fox News tell me what they are saying like you do, I actually listen to them and get my facts and history from the real world.
Literally all of them.
LOL, when your arguments are weak toss in the requisite Fox reference, eh? Which of the current crop is campaigning on fiscal responsibility and reducing the deficit? Come on, big guy, eschew the Fox BS and give us a name! You love to hide behind vague generalities and memorized slogans, but when the call to back up your puffery comes you toss out a couple of "Fox" non sequiturs.



MrWonka said:
Literally all of them. Each and every democratic candidate in the field has pushed for tax rates similar to those under the Obama administration. Most have advocated for additional ones on top of that. They have all proposed plans that will reduce our health care costs as well and save the nation money.
And yet not a single study, from right or left, has said that. The unanimously agree that Dems plans will raise taxes, costing the nation - not saving money.
LOL, Obama rates were basically Bush's. As I pointed out above. Trump tweaked rates down a couple of percentage - and RAISED revenues.
 
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