2016: The National "Cry For Help"

[David Horn]

(01-03-2017, 09:20 AM)Warren Dew Wrote:

(01-02-2017, 03:35 PM)Eric the Green Wrote: I always dissent from that first picture. Boomers were statistically less inclined to support Reagan than other generations. They didn't make the decision to institute Reaganomics. The GIs and Silents did that, and the early and core Gen Xers were its most enthusiastic supporters as they grew up under it, and then kept it going.

The big bills that are being handed to the "kids" are from massive entitlement programs like Social Security and Medicare; they are more FDR and LBJ than Reagan.  Obviously boomers didn't do that since they weren't even alive at the time of FDR and most weren't voting in time for LBJ.

It really comes down to the GIs, who benefited from those programs much more than they paid in.  Handing bills down generation by generation worked as long as each later generation of payers was bigger, but boomers were really the last generation big enough to pay the tab.

The Millies are a larger generation than the Boomers, though the decisions made in the past will be burdens to them.  LBJ tried guns and butter, but is was Reagan and GWB who both cut taxes and increased spending they liked (typically transfers to the same people who got the tax cuts) that made the mess we have today.  As a nation, we can recover, but it won't be up to the Boomers to pay for it.  We'll be old or dead.