Tag Archive: Federal Deficit


“When the war was over, the men and women who had been involved … joined in joyous and short-lived celebrations, then immediately began the task of rebuilding their lives and the world they wanted … They married in record numbers and gave birth to another distinctive generation, the Baby Boomers. They stayed true to their values of personal responsibility, duty, honor and faith.” – Former NBC anchor Tom Brokaw, The Greatest Generation 

“Tom Brokaw once wrote a book about the greatest generation, those brave people who survived the depression and fought in World War II. Unfortunately that great generation spawned a generation of narcissists: the baby boomers.” – Huffington Post blogger Gene Marks

The Baby Boomers are inevitably moving day-by-day toward the ash heap of recorded history … and not a moment too soon.woodstock

USA Today last week reported for the first time ever, the number of Millennials exceeds the population of Baby Boomers by an 83.1 million to 75.4 million count, according to the 2014 U.S. Census.

Poor Millennials and X-Gens. They will be the first generations in American history to have a worse standard of living than the preceding generation … that would be the Baby Boomers.

Many Millennials are going to college, graduating with oppressive student loan debt or for the lucky few, no debt, and settling for a job that once did not require a degree, and pays $10,000 less now than it did in the 1980s.

“Will that be a latte, cappuccino or mocha, sir (or madam)?”

And as a result of this economic dilemma, many Millennials particularly those saddled with an average of $40,000 in college loan debt, are being forced to … yes, move back into a parent’s or parents’ home.

Where will the “Hello Kitty” poster go?millennials

Can Millennials buy a house, even with near-record, low-interest rates averaging 4.19 percent this week? The author of Almost DailyBrett remembers buying his first house for $120,000 in Sacramento in 1984 at a 30-year fixed rate of 14.25 percent, paying two points for the privilege. Two years later, your blogger refinanced the loan down to 10.25 percent, once again paying two points.

Do you think Millennials can find any house in California for $120,000 that will not come with meth- lab neighbors, who will soon be auditioning for The Jerry Springer Show?

Brokaw wrote about “personal responsibility, duty, honor and faith” in describing the virtues of the Silent Generation, born between 1925-1945, which stared down the Global Depression and won World War II on two theatres of combat.

Do you think anyone would ascribe any of these Silent Generation virtues – personal responsibility, duty, honor and faith — to the hedonistic Baby Boomers? Seems like a silly question.

The Entitlement Generation 

“The selfishness that has been a hallmark of the Boomers will continue right up to the very end, as they force millions of younger Americans to devote an inordinate amount of time and resources to their care, bankrupting the Social Security system in the process. In their old age, the Boomers will actually take as much from the next generation as they did from the previous one, which fought WW II.” – The Onion, January 20, 1999

“But you know nowadays
It’s the old man,
He’s got all the money
And a young man ain’t got nothin’ in the world these days
I said nothing” — The Who, Young Man Blues

If it feels good; do it.

Sex, drugs and rock n’ roll.

Almost DailyBrett refrains for the most part in making absolute predictions, but will do so in this case:

Someone, someday will write an epic tome glorying the “Me, Me, Me” generation, and will attempt to be the Tom Brokaw of the Baby Boomers. It will be a pathetic effort that will nonetheless be coffee-table book lucrative because there will be some in the born-between-1946-1964 crowd, who will want to desperately justify their sorry existence on the planet.

They will point to the end of the Vietnam War. They will direct attention to the campaign for the equal rights for women. They will wax nostalgic about the civil rights marches. There are already plenty of revisionist Oliver Stone movies that make these very same points.

But weren’t all of these crusades … sorry bad word with religious overtones for some Baby Boomers … weren’t all of these movements mounted back in the 1960s? What have you done for us since then? Legalized marijuana?

The same-sex marriage victory? That achievement must be shared with Millennials and X-Gens.

Baby Boomers burned the flag, staged Woodstock and Altamont, the latter came with Hells Angels and bloody pool cues. Many against-the-war-in-Vietnam types still don’t like America very much,  bitching and moaning, while not even considering moving anywhere else.

Way too many Baby Boomers made lifestyle choices, which contributed to a nearly four-times increase of former workers on disability from 2.8 million in 1981 to 8.5 million in 2011. Guess who is and who will be paying the bill for these Americans, most of whom will never work again?

The federal deficit was $2.8 trillion in 1989. Thanks mainly to the explosion of growing entitlements for Baby Boomers and some others; the red ink now stands at $18.1 trillion last month … another bi-product of the Baby Boomer generation.

Many Baby Boomers, including those who decried the “Military-Industrial Complex,” became very wealthy during the Internet boom (e.g. Yuppies), buying every McMansion in sight and driving up prices, until (you knew it had to happen) the Bubble burst, and their expensive cars were repossessed.

While markets were recovering, far too many Baby Boomers drove up their plastic debt, and then turned to real estate and refinanced to the max to keep up their spending habits until (once again: you knew it had to happen) … the real estate Bubble burst. Many were left with underwater mortgages … and simply walked away from their houses.

What was left for the Millennials, holding the bag? A rotten economy. Overpriced real estate, transforming the American Dream of home ownership into a pipe dream. Soaring tuition at colleges and universities and with it, $1.2 trillion in cumulative student loan debt.

And when they graduate? Part-time McJobs with no benefits for far too many. And you wonder why the Millennials are mad at the Baby Boomers?

Before going any further, the author of Almost DailyBrett has a confession to make: Yes, I was born in 1955, and am a card-carrying member of the Baby Boomer generation.dinosaur

Does it seem that I am rooting for my own personal demise as more Baby Boomers pass into the abyss every day? Well, no.

Am I embarrassed to be part of this selfish generation and wished it was different, far different? You bet ya.

Will Steven Spielberg, born 1946, serve as the executive director for “Baby Boomer World,” featuring out-of-control, carnivorous, vegetarian, vegan and gluten-free dinosaurs?

Be afraid, be very afraid.

http://www.usatoday.com/story/news/nation/2015/06/25/millennials-now-outnumber-boomers-census-says/29294241/

http://thoughtcatalog.com/matthew-primeau/2015/01/baby-boomers-ruined-the-world-for-millennials/

http://www.huffingtonpost.com/gene-marks/this-is-why-the-baby-boom_b_4441735.html

http://www.esquire.com/news-politics/a1451/worst-generation-0400/

http://www.forbes.com/sites/jmaureenhenderson/2013/11/30/millennials-earn-less-than-their-parents-and-the-recession-isnt-to-blame/

http://www.cnbc.com/id/102410254

http://www.economist.com/blogs/democracyinamerica/2012/06/generational-decline

http://money.usnews.com/money/blogs/on-retirement/2014/05/20/8-differences-between-boomers-and-millennials

http://apps.npr.org/unfit-for-work/

http://www.theonion.com/article/long-awaited-baby-boomer-die-off-to-begin-soon-exp-647

http://www.theatlantic.com/national/archive/2013/05/why-the-boomers-are-the-most-hated-generation/276368/

http://home.adelphi.edu/sbloch/deficits.html

“We are all liberals. Right?”

And the second question was: “Are there any in here, who are not liberals?”

While you are at it, why don’t you ask if the turds in the punchbowl would kindly raise their hands?

This line of question brings with it visions of the Great Leader, Kim Il Sung, asking if there are any present who are not members of the Korean Worker’s Party. “Oh, you’re not?”… (Sounds of bullets being fired). “Good we are now all members of the glorious Korean Worker’s Party.” http://en.wikipedia.org/wiki/Kim_Il-sung

I raise last night’s questions posed on one of America’s finest college campuses, not because I am shocked…but because the presumption was being made that just because we are students, particularly in the “liberal” arts field of Journalism, therefore we must be liberal or should I say “progressive?”

The timing of the questions is really curious because the nation is poised to make a major rightward shift next Tuesday; the question is not one of “if,” but more of “to what extent?” Will the Republicans win just one house of Congress or both houses? There is little doubt they will also reverse next week a small deficit in governorships to actually take the lead, maybe even a commanding one, and they may also flip several state Legislature’s in the process as the most recent issue of The Economist predicted. http://www.realclearpolitics.com/epolls/2010/governor/2010_elections_governor_map_no_toss_ups.html

One of my favorite quotes was uttered by warm-and-fuzzy General George S. Patton who stated: “If everyone is thinking alike, then somebody isn’t thinking.” We glorify, particularly in Silicon Valley, the phrase “thinking out of the box” to the point that it is almost cliché. The question I am asking today is do American universities really foster an environment for out-of-box thinking or the oft-recited and less-followed, “marketplace of ideas?”

In case you are wondering, I am philosophically a smidge to the right. I worked for a Republican Governor, George Deukmejian of California, for eight years. My political orientation is secular, not religious, conservatism. http://en.wikipedia.org/wiki/George_Deukmejian

My biggest concerns are twofold: 1.) The explosion of deficits at all layers of government mainly because of too much spending (The federal government is running a cumulative deficit of $13.6 trillion or 94 percent of GDP, rising to $16.3 trillion or 101 percent of GDP in 2012 http://en.wikipedia.org/wiki/United_States_public_debt) and 2.) That someone, anyone, will be forced to once again choose between being incinerated by jet-fuel heated up to 2,000-degrees Fahrenheit or jump to her or his death.

One of my responsibilities as Governor Deukmejian’s press secretary was to present his positions and policies accurately and completely to the media, leading to a well-informed public. Along with that task was to clearly understand not only the administration’s point of view, but our critics as well. Some call it “opposition research.” I call it appreciating where the other side was coming from to better retort their contentions. Occasionally that even required picking up the phone and calling a legislator’s office, talking to their staff or even the member, to make sure that I understood the proper context of their comments.

Believe it or not, there are reporters out there that will hype a comment hoping in turn to elicit a more provocative response than what would be normally the case from your side of the debate. A good public urination war is always a good thing in selling newspapers or producing higher Nielsen ratings.

The bottom line is being exposed to all points of view, even if it requires listening to both Sean Hannity and Keith Olbermann or Rachel Maddow and Ann Coulter. Think of it this way, if you don’t learn anything well at least it may be entertaining…even though you may be grinding your teeth in the process.

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