Wednesday, October 8, 2008

Baby Boomers damaged the USA

Check this great post from the Economics Finance & Investment blogspot

The early Baby Boomer generation (1946-1955) has taken it all.

* Their parents had meager (or no) employer provided retirement benefits; Boomers had generous defined benefit pensions PLUS retiree medical benefits; their kids will have 401(k)s with pathetic returns as the effects of the "age wave" kick in.

* Their parents had the Great Depression; Boomers had the greatest economic expansion in history; their kids will have a decades-long recession like Japan's "lost decade" only longer.

* Their parents had ditch digging jobs under Roosevelt's jobs program; the Boomers had great jobs; their kids will have the jobs that are not outsourced to India

* Their parents' government ran a balanced budget; the Boomers' government ran a deficit almost every year of their adult lives; their kids will be saddled with tens of trillions of dollars of debt

However the Boomers need to remember that the next generation needs to keep paying taxes for Social Security and Medicare to maintain them in the style to which they have become accustomed. However, these programs (particulary Medicare) will be bankrupt before that next generation can use them, so Boomers should tread lightly. In the next 10 years, this country is going to have generational warfare that will make the "class warfare" that our politicans often mention seem like high tea at the Ritz.

Thursday, October 2, 2008

Vagina Cheney


We already had 8 years of Dick Cheney. Just say no to Vagina Cheney. No misogyny jic.

Tuesday, September 30, 2008

Monday, September 29, 2008

Dean Baker denounces proposed Wall Street bailout

Baker denounces bailout.

RO's World

I stumbled upon this dallaspenn commenter's blog, RO's World.

This an American black guy, living in Japan, that "philisophizes" (c) Cape Fear on wage slavery, hip hop, Japanese & American culture, self-improvement, "hoesology", "dunnies", "oneitis" & maintaining a Japanese harem. This dude is straight comedy, & his tons of unique slang. It's kind of hard to describe, so I just suggest checking it.