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...
Posted on August 31, 2026 at 11:23:34 AM by Rich
The US is now in a competitive global economy
The population is older and living longer, so the idea that SS would pay for retirement is a fallacy
Medical costs are out of control, straining Medicare. Many good reasons for that but unregulated insurance companies are gouging for their own pocketbooks.
Similarly, corporations are pulling back on health care spending and forcing more on employees. They have also taken away pensions which supplemented SS. This was somewhat necessary due to globalization shrinking profits and the actuarial realities of former workers living longer.
Back to the board
Thread:
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Runaway National debt is the boomer legacy to this country....
- By Pal
August 31, 2026 at 10:04:14 AM
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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
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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
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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
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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
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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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