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Good advice to the next generation
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<blockquote data-quote="shorthairsrus" data-source="post: 200722" data-attributes="member: 219"><p>That ruffled some feathers. If the shoe fits....</p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p>The boomers have created liabilities that will take generations to pay off. Our national debt is now at around $17 trillion, larger for the first time in recent history than the size of our entire economy. And it’s projected to continue to significantly grow over the next few decades unless something dramatic is done to reduce it. Boomers don’t like to talk about fiscal responsibility or living within their means. They like their credit cards and</p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p>government secured mortgages on overvalued properties. They enjoy their malls and their cars and their houses and as long as someone’s willing to lend them the money to buy this stuff they don’t seem to care much about how it will be one day paid. They still represent an enormous voting block and have no intention to have this lifestyle threatened. This is the real reason Washington can’t create a long-term deficit reduction plan. The boomers love their safety nets.</p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p><a href="http://https://www.google.com/amp/www.phillymag.com/news/2013/12/13/baby-boomers-worst-generation/%3famp=1" target="_blank">http://https://www.google.com/amp/www.phillymag.com/news/2013/12/13/baby-boomers-worst-generation/%3famp=1</a></p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p>Ifthat article goes on and on and it's old as the debt just higher yet. Does every boomer do that no. However I see a light at the end of the tunnel.</p></blockquote><p></p>
[QUOTE="shorthairsrus, post: 200722, member: 219"] That ruffled some feathers. If the shoe fits.... [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] The boomers have created liabilities that will take generations to pay off. Our national debt is now at around $17 trillion, larger for the first time in recent history than the size of our entire economy. And it’s projected to continue to significantly grow over the next few decades unless something dramatic is done to reduce it. Boomers don’t like to talk about fiscal responsibility or living within their means. They like their credit cards and [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] government secured mortgages on overvalued properties. They enjoy their malls and their cars and their houses and as long as someone’s willing to lend them the money to buy this stuff they don’t seem to care much about how it will be one day paid. They still represent an enormous voting block and have no intention to have this lifestyle threatened. This is the real reason Washington can’t create a long-term deficit reduction plan. The boomers love their safety nets. [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] [URL="http://https://www.google.com/amp/www.phillymag.com/news/2013/12/13/baby-boomers-worst-generation/%3famp=1"]http://https://www.google.com/amp/www.phillymag.com/news/2013/12/13/baby-boomers-worst-generation/%3famp=1[/URL] [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] Ifthat article goes on and on and it's old as the debt just higher yet. Does every boomer do that no. However I see a light at the end of the tunnel. [/QUOTE]
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