The Victors

As a percentage of GDP, there are events that goosed debt/GDP. Kemp/Roth tax cuts of 1981, the financial crises of 2007-2009, and COVID

Posted on August 31, 2026 at 10:33:30 AM by mgaelster

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Thread:

• Runaway National debt is the boomer legacy to this country.... - By Pal August 31, 2026 at 10:04:14 AM
  • At the same stage iife, Gen X is wealthier than Boomers were. And Millenials are wealthier than Gen X. Yes, inlfation adjusted - By Alpo August 31, 2026 at 10:58:09 AM
  • unbridles selfishness which undid much of the socio-economic progress made by their parents, actively denying their grandchildren the opportunities they were gifted* - By Dunder August 31, 2026 at 10:41:26 AM
    • I think their parents put these systems and deficit spending in place. The economic superiority of the 50s and 60s - By Rich August 31, 2026 at 11:18:33 AM
  • The debt was out of control in the 80s and had been building for a while. That 'ruling class' at that time was born in - By Rich August 31, 2026 at 10:34:15 AM
  • As a percentage of GDP, there are events that goosed debt/GDP. Kemp/Roth tax cuts of 1981, the financial crises of 2007-2009, and COVID - By mgaelster August 31, 2026 at 10:33:30 AM
    • Politicians/society of the last 40-50 years are just trying to maintain the social programs put in place by the parents of boomers (Medicare and SS), but they are doing so with less relative dollars... - By Rich August 31, 2026 at 11:23:34 AM

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