And a big part of the reason is, as various reports noted, that Toronto should have been investing in at least one kilometer of subway extension a year, but actually invested in only a tiny fraction of that. "Research note on Chicano community leaders: the GI generation. Alan Simpson, the Senator from Wyoming calls senior citizens the greediest generation as he compared "Social Security " to a Milk Cow with 310 million teats. My parents were the Greatest Generation. He's been warning since the 1980s about the dangers that entitlements (Social Security, Medicare and Medicaid) and the aging of the baby boomers together pose for the nations fiscal health and for future generations. Our children will come to hate us as they mature. Adolf Hitler then rose to power, and many of this generation joined organizations such as the Hitler Youth. Thats a formula for disaster. It is not your imagination, and it didn't come out of nowhere. Dick Durbin, a Senator from Illinois calls senior citizens the Greediest Generation as he compared "Social Security " to a Milk Cow with 310 million teats. Our rate of domestic investment was also in the 10 to 15% range in the 50s and 60s. We talk on our cellphones in public places, annoying the people around us. For the Seniors Health Card we recommended that untaxed superannuation income be included in adjusted taxable income to determine eligibility. The Environment. Finance, http://finance.yahoo.com/blogs/daily-ticker/ceos-more-350-times-average-worker-afl-cio-144537573.html, viewed 7 July 2014. I can hear the angry reply by boomers already: Its not my fault! These people are largely conservative on economic (59%) and social (49%) issues, and about one-third of If you have some better suggestions about how to stabilize Social Security instead of just babbling into the vapors, let me know. Taxing retirement income and calling seniors the "greediest generation" is insane in a state with the fifth highest population of seniors, a group with a 70+ percent turnout rate, and who are vocal about pocketbook issues. We need to do the sameindeed much morebecause we are in far worse shape than any of those countries. In addition, the Holocaust claimed the lives of millions of German Jews and others. Meanwhile, the Guardian (the . It used to be that each generation sacrificed so that their children would have a better life. 1. Whatever the (unknown) truth is, the amounts are staggering, especially as they are in addition to other explicit and implicit liabilities. [2]http://www.ssa.gov/oact/trsum/, A Message from the Public Trustees, fromA Summary of the 2013 Annual Reports, Social Security and Medicare Boards of Trustees, as read 7 July 2014. For example, some place the beginning of the millennial generation with those . ! The Baby Boomers should not expect future generations to pay for their current benefits. The Greediest Generation I am so sick and tired of hearing about the "greatest generation"! The only way out is to reduce spending. And, of course, we expect to be gone when it comes time for succeeding generations to collect on health care. There is a good chance that members of Generation Q will spend their entire adult lives digging out from the deficits that we the "Greediest Generation," epitomized by George W. Bush are leaving them. A lot less. But, he added, if the boomers insist on getting theirs, were going to take everybody down, including ourselves., This is a BETA experience. Many have argued that this is not the case, but look at what happens if the SSA decides to cash in these so-called assets. Now the people who made those promises are long gone from office, or at the very least, approaching retirement. He said, First shoot the lawyers. He should have said, First shoot the accountants.. [18] Subsidized by the G.I. As a result, the Public Trustees of the Social Security Administration, who are responsible for its management, said in the most recent report that those now entering the Social Security system as workers will contribute more in taxes (in present value) than they receive in benefits under current schedules[2]In other words, the boomers will collect more than they paid in, yet a worker starting today will collect less than they pay in. The same is true of defense spending, although we can no longer afford endless wars we cant win. The means test for aged care does not include the full value of the family home. The memory of their service provokes guilt as well as pride. The latest survey conducted by Russia's Levada Center suggests Victory Day is still one of the most important public holidays for Russian citizens, with 65% of those surveyed planning to celebrate it. Votes. As the lady asked, please share this with every senior citizen you know. 1. November 28, 2012. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. But this is the choice we've made. It surprises and frankly angers me that a well respected journal like Forbes would endorse a column in their pages entitled Are Baby Boomers The Greediest Generation. We recommended the superannuation preservation age and the age pension age be adjusted in line with greater life expectancy. Support for those most in need is threatened by support for those who are more able to look after themselves. "Salaries of Members of Congress: A List of Payable Rates and Effective Dates." Not surprisingly, many of the debt commission's draft proposals to cut the debt by nearly $4 trillion by 2020 from raising the retirement age to 69 by 2075 to bringing in $1 trillion more in tax revenue have won strong opposition from liberals and conservatives alike. France, the United Kingdom, Greece, and other countries are making the painful choices needed to protect their young people and their economies. "Bowles, Simpson to Head Debt Commission." Both arguments are flawed and self-serving. But that same year, Medicare took effect to provide medical care for the elderly, and Social Security adjustments steadily reduced poverty among them. They will not thank us for it. I guess that makes us greedy. [6]AFL-CIO Executive PayWatch database, as cited by yahoo! Our evil ways will lead to tears, both for us and for the generations that come after us. As a career politician, you have been on the public dole (tit) fifty years. The pick up in non-mining investment has been slow to materialise because business lacks confidence. American boomers chose not to do that with Social Security. I write from D.C. about tax and retirement policy and planning. Nor am I trying to say that the boomers had everything easy. August, 2010.". The book says that the Treasury Department commissioned a study by two economists of the United States' long-term liabilities, for inclusion in the 2004 federal budget. She also tells it like it is! Generation and the "Triumph of the Squares", "U.S. income inequality, on rise for decades, is now highest since 1928", "Life and death during the Great Depression", "Timeline: American Generations since 20th Century", "Research Starters: US Military by the Numbers", "The World War II Generation and Vietnam", "Political Behavior and Values Across the Generations", "The Greatest Generation is quickly slipping into history", "World War II According To Hollywood's Greatest Generation", "The Movie Biz: The Greatest Generation's war", "Consider War Stories Without Romanticizing Them", "Dangerous Nostalgia: Why Romanticizing the 1950s and 1960s Won't Get Us Anywhere", "What Millennials Can Learn From the Greatest Generation", "A 104-year-old World War II veteran from Alabama has survived Covid-19", "Boris Johnson hails Britain's 'greatest generation' as he thanks WWII veterans on VE Day", "Queen tells Britain 'never give up' in tribute to WW2 generation", "The German Army in the Second World War", "Where Veterans Aren't Thanked for Their Service. ! The ones who created the banking and houseing crisis, the ones who are the first generation to have children that expect to do worse then them . [25] Living members of this generation are either in their 90s or are centenarians. Anyone can read what you share. Surviving members of this generation would see Japan emerge as the world's second-largest economy by 1989. Few of us realize it, but with our acquiescence, Uncle Sam has spent decades running the worlds largest Ponzi scheme, taking ever-larger sums from each young generation and handing them to the old in the form of Social Security, Medicare, and Medicaid benefits. It looks like we better . Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. For example, firered posted on 11/11/10 at 05:54 PM EST: This situation was neither created nor perpetuated by the `Baby Boomer' generation. Additionally, those alive in 1918 through 1920 experienced the deadly Spanish Flu pandemic. When the war in Europe began, millions of British citizens joined the war effort at home and abroad. The World War II generation of the Soviet Union was further decimated by the war. [40] Surviving veterans visit the Yasukuni Shrine to pay tribute to their fallen comrades.[41]. [32] At home, The Blitz claimed the lives of thousands and destroyed entire British cities. Baby Boomers are considered to be the greediest generation, and its time make the environment better. [3] This cohort is also referred to as the World War II generation. Research professor of sociology Glen Holl Elder, Jr., a prominent figure in the development of life course theory, wrote Children of the Great Depression (1974), "the first longitudinal study of a Great Depression cohort." But a Social Security, Medicare, or Medicaid I.O.U. [8] The first half of the generation, born between 1901 and 1914, are sometimes referred to as the Interbellum Generation. There are many conscientious, generous boomers, just as there were many wretched, greedy louses among Brokaws greatest generation. We did it, and we did it deliberately, not caring what the long-term costs would be, or who would bear those costs. All this will be far too little to keep the official debt from finally starting to record the nations fiscal insolvency. The city of Toronto had, in the 1960s, a rapid transit system that regularly won awards for being the best in North America. You can update your choices at any time in your settings. An interview with Alan Simpson on the subject of Social Security can be found here. She also tells. [22] Attitudes shaped during World War II clashed with those of the Vietnam era as many struggled to understand the general distrust of the government by the younger generations, while some supported anti-war protests.[23]. Earlier versions of the letter were unsigned, and Myers identity has never been verified.Later, variations of the greediest generation quote and follow-up later emerged. The average Australian feels they are treading water or going backwards. Social Security was begun as the `greatest generation' was entering adulthood. A 2012 study by Harvard University[5]said that estimates of unfunded public liabilities could range as high as $4.4 trillion. Blurry dividing lines. But we didnt know! Not true: the boomers didntwantto know and did want unreasonably low taxes, and voted that way. We recommended that the benchmark for the aged pension be tied to average weekly earnings again with the adjustment being phased in over 15 years. [15] The popularity of the radio also became a major influence in the lives of this generation, as millions tuned in to listen to President Franklin D. Roosevelt's "fireside chats" and absorbed news in a way like never before.[16]. As recently as 1966, for example, 29 percent of Americans over 65 were below the poverty line, compared with only 18 percent of American children. Rather, we'll be scorned as the "Greediest Generation.". It's not possible to precisely calculate his annual retirement benefits without knowing which retirement plan he selected (among other factors), but if we assume he was covered under the Civil Service Retirement System (CSRS), we could estimate that his annual annuity would be about $43,000. Nor can we inflate or borrow or tax our way out of it. [4]Shackford, Scott; $2.8 Trillion in Unfunded State Pension Debts: Congressional Republicans Look to Block Federal Bailout, 27 Sept. 2012, http://reason.com/blog/2012/09/27/28-trillion-in-unfunded-state-pension-de, [5]Healey, Thomas, et al; Underfunded Public Pensions in the United States: The Size of the Problem, the Obstacles to Reform and the Path Forward, Harvard Kennedy School for Business & Government, http://www.hks.harvard.edu/centers/mrcbg/publications/fwp/2012-08. In the same ad, it points out Wagner called seniors citizens the "greediest generation" in an interview with PennLive's editorial board in 2016. They may be reviled for the choices they made, but they wont be the ones that have to face the music, and they wont be the working stiffs that have to pay the majority of the taxes to pay for promises made by the boomers. The Greatest Generation, also known as the G.I. Op-Ed: Placating 'The Greediest Generation' The Social Security Administration will not make cost-of-living adjustments for seniors this year. Friday, November 26, 2010 Alan Simpson, President Obusha's hand-selected Cat Food Commission member doesn't suffer critics. If the Senate continues to block expenditure reform and Treasury assumptions on growth, unemployment, terms of trade, productivity and inflation are not realised, national debt will continue to rise. Even after defeat Japan would achieve unprecedented prosperity through businesses such as Sony Corporation (founded by Akio Morita) and cultural influence, as in cinema by Akira Kurosawa. By Nicholas D. Kristof. That has not been easy, and it has required real sacrifices from us to do it. The baby boom has been described variously as a "shockwave" and as "the pig . They also experienced much of their youth with rapid technological innovation (e.g., radio, telephone, automobile) amidst growing levels of worldwide income inequality[9][10][11] and a soaring economy. For example, firered posted on 11/11/10 at 05:54 PM EST: "This situation was neither created nor perpetuated by the `Baby Boomer' generation. Thats not likely to happen. And an open letter by a woman identified as Patty Myers from Montana began to circulate in 2011. I originally wrote this in 2014, and got roundly flamed for it. How much money have you earned from the American taxpayers during your pathetic 50-year political career? I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. There is a good chance that members of Generation Q will spend their entire adult lives digging out from the deficits that we the "Greediest Generation," epitomized by George W. Bush . And we'll just keep piling it on them. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Federal Employees Health Benefits (FEHB) Program is not a single program, but rather a collection of many different programs from which participants select their preference. 1. This career politician's comments illustrates the entire . In the Senate, Boomers remain the majority (68), and their numbers have risen slightly from the last Congress (66) and the prior one (65). And yes, Ive made some plenty smart cracks about people on Social Security who milk it to the last degree. It was politicians of that same generation who added on Medicare to burden the so-called social security trust fund while profligately plundering that same fund to provide more entitlements to that generation. Greediest Generation. [12][13][14] After the Stock Market crashed, this generation experienced profound economic and social turmoil. The boom is over and the government is now forced to borrow to cover the ever growing shortfall. Brokaw wrote that these men and women fought not for fame or recognition, but because it was the "right thing to do". "I really believe that there are more patriots in America than selfish, selfish people," he said. I cannot vouch for its accuracy. I think she is a little ticked off! The story goes Durbin compared Social Security to a milk cow with 310 million teats and called senior citizens the greediest generation ever for their reliance on it. The men and women of this generation continue to be honored in the U.K., particularly on V-E Day. Of course, this is a broad generalization about an entire generation. Every year on Veterans Day, we baby boomers look around and see fewer and fewer members of the Greatest Generation . Its more a matter of degree than sustainability. Illinois resident blasted U.S. [38], The World War II generation of Japan came of age during a time of rapid imperialism. The look on his face was horrible. This button displays the currently selected search type. They see a deck stacked against them by the greediest generation in Australian history: self-satisfied with its wealth, loath to pay its taxes, happy to saddle the youngsters with eye-watering . Then came the Cold War and the Space race. In his book, Brokaw explores the stories and characteristics of this generation. We cut off other people in traffic, because we dont care whether its our turn or not, and text and phone while we drive, putting other peoples lives at risk. By my estimates, the annual cost of health care, per person, by age, remains reasonably steady (with some noticeable blips, as for men at around age 40) until around age 55, at which point health care costs start going up almost exponentially. Our top domestic priorities should be to ensure that all children get health care and to get our fiscal house in order. Are we going to be the greediest generation?, Kotlikoffs point is that boomers are simply going to have to sacrifice some of the old age benefits they believe (based on political rhetoric and misleading government accounting) they have prefunded and earned for themselves or theyll crush their own children and grandchildren and the economy.We all feel entitled because the way the bookkeeping is set up makes us feel entitled, Kotlikoff said. She also tells it like it is! The only way to assess a countrys fiscal condition that is free of this problem is by forming the countrys fiscal gapthe present value total of all the official debts and unofficial current and future spending obligations after netting out all the current and future taxes everyone is currently slated to pay. Most of us spent our youth and middle age looking out for No. Business employs 80 per cent of the workforce and is the only true generator of wealth and jobs. Nor can we inflate or borrow or tax our way out of it. Mass, forced labor was often utilized and there were between 10 and 11 million Soviet men returning to help rebuild along with 2 million Soviet dissidents held prisoner in Stalin's Gulags. [37], As children, members of this generation came of age during Stalin's rise to power. We have a scheme where support for the older generations and other extravagances were legislated based on the assumption of continuing revenue from an unprecedented investment boom in resources. The over generous super provisions are another wealth transfer from the young to the old and should be tightened while not discouraging thrift and self-sufficiency (two words slipping from our lexicon). In 1998, former news anchor Tom Brokaw wrote a book called The Greatest Generation. She also tells it like it is! No matter what happens to the official interest rate business continues to sit on its cheque book. Story Highlights. Instead, were most likely going to enact relatively modest tax hikes (some have already been made) and slowly trim Social Security and health care benefits. Yet today Torontos traffic gridlock is rated as being among the worst in the developed world, even worse than that for New York City or Los Angeles. In practice, though, all of this money has been spent by Congress, and the SSA has been left with worthless IOUs. The Greatest Generation, also known as the G.I. But our worst economic bequest is the fantastic fiscal liability were leaving our kids. No one knows, but they easily run into the trillions of dollars. . Maybe I should have added a question mark, he said. And you can take that to the bank, you miserable son of a bitch. He's been a senator for more than 40 years, during which, if he's as good at his job as many of his . That, at any rate, is what the boomers have done across most jurisdictions in North America, including Canada, for the past 30-40 years. In the intervening five years, I've had no reason to change my mind. This generation experienced what is commonly referred to as the "Golden Age of Hollywood". "People I've known, relatives (saying), "'You son of a bitch. Both health care systems will crash and burn. He argued that these men and women fought not for fame and recognition, but because it was the 'right thing to do 2) Alan Simpson left Congress at the age of 65. [3]This is one estimate of the amount of assets held by the SSA that will have to be redeemed to keep its operations financed. [1] They were shaped by the Great Depression and were the primary generation composing the enlisted forces in World War II. As a subscriber, you have 10 gift articles to give each month. The cost of aged care and ageing is more than $13 billion a year and is estimated to increase at 7.5 per cent a year over the next 10 years. Retirement in America is no longer feared as a time of destitution, but anticipated as a time of comfort and leisure. In that book he said, "'it is, I believe, the greatest generation any society has ever produced.'. Then, on August 1st, 2007, in the middle of the evening rush hour, the bridge collapsed, killing 13 people and injuring 145. One member of this generation, Hirohito, would become Emperor in 1926, when Japan was already one of the great powers. My parents went through The Depression and World War II. As we've aged, age discrimination has become a basis for lawsuits, and the most litigated right has become the right to die. Generation" was first used in 1971 by Alberto M. Camarillo in an article for the academic journal Aztln: A Journal of Chicano Studies, titled "Research note on Chicano community leaders: the GI generation. Here's a response in a letter from PATTY MYERS in Montana I think she is a little ticked off! We suggested that the superannuation tax concessions be tightened because they did not appear to be working to encourage more people to be self-funded. And our bad habits dont stop with CEOs. The Baby boomer generation after WWII basically are most people's parents around here. Spread the love. Richard Worzel, C.F.A. And since the biggest voting block of the last 30 years and more has clearly been the boomers, the fault is ours. Posted Jun 3, 2013 by Martin Armstrong. Since the old, who have shorter time horizons, have larger propensities to consume than do the young, this transfer has fueled a huge increase in personal consumption, reducing our national saving rate (saving as a share of national income) from 10 to 15% in the 1950s and 60s to a negative 1.5% last year. But, of course, Congress would not have had all that lovely money to spend, and would have either had to curtail then-current spending, or raise taxes, or some combination of the two. Henry Kissinger Comments on Trump: 'He Puts America First'-Mostly Fiction! Federal government has been borrowing money to cover Social Security benefits. Enjoy it while it lasts my friends. stamped U.S. Treasury Bond. Look upon our works and wail. 22 They spank their kids. To the contrary, everything I've seen since then merely confirms my earlier conclusions. The first member of their generation to be elected president, John F. Kennedy, began a Space Race against the Soviet Union, and his successor, Lyndon B. Johnson, further promoted a controversial "Great Society" policy. Why? "Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit commission, calls senior citizens the Greediest Generation as he compared "Social Security" to a Milk Cow with 310 million teats. How could you do this?'". Former U.S. Sen. Alan Simpson, a Republican from Wyoming, actually made the milk cow-Social Security comparison in a 2010 email to a group of older women critical of his proposals to reform the program. With boomers about to retire, I'm afraid that national priorities will be focused even more powerfully on the elderly rather than the young -- because it's the elderly who wield political clout. I don't know exactly when the "Greatest Generation" ended, but I know we are in a new one and it's not the greatest. I think he is a little ticked off ! ! Poor Broder. Returning German veterans found their country carved up into four zones of occupation; later becoming West Germany and East Germany. The Social Security System in the United States is a ticking time bomb, underfunded, and overly generous. A public pension can be run responsibly. We were suitably embarrassed that old people were eating cat food or scavenging garbage cans for food, so we reallocated resources to the elderly. The Great Depression also greatly influenced literature and witnessed the advent of comic books, which were popular with members of this generation with such characters as Doc Savage, The Shadow, Superman and Batman. Here's a response in a letter from PATTY NYE from Illinois . The brilliant Harvard professor, Niall Ferguson, describes the traditional intergenerational compact as our most important social contract and one that is being broken in Western economies. An early usage of the term The Greatest Generation was in 1953 by U.S. Army General James Van Fleet, who had recently retired after his service in World War II and leading the Eighth Army in the Korean War. Congress has been very careful to make these I.O.U.s unofficial.. Once we recognize the crushing burden the current system will place on our kids and grandkids, well see that reforming government spending programs (including entitlement programs)on our backs, not on our kidsis the only way to go. The lost gutter generation. And have seen a lot of consensus leaning towards the "baby boomers are the greediest generation in history" mentality and noticing that the majority of baby boomer generation can afford homes that cost half-a-million-plus homes, retirement, and other seemingly basic luxuries that most of the "middle class" see as unobtainable due to the middle . It was wrong 21 months ago, when Durbin said it once before, and it's . In some respects we became a spoiled generation. My eyes got squinty and my face got red. refer to American soldiers in World War II. The Greediest Generation. Patricia Bealer says: September 16, 2018 at 11:00 pm. "I think this is the greediest generation." The problem, Simpson explained, is the "polarized" country we live in, and the media that . Sarah Dunant owns up to being a member of the greediest generation - the baby boomers. And we need to do it yesterday. The International Monetary Fund recently computed a similar sized fiscal gap. Alan Simpson, Senator from Wyoming, Co-Chair of Obama's deficit commission, calls senior citizens "the Greediest Generation" as he compared Social Security to a Milk Cow with 310 million teats . In 2018 this item began circulating again, this time substituting Senator Dick Durbin's (D-IL) name for Simpson's. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. "Hey Dick, let's get a few things straight!! The comment of calling senior citizens the greediest generation was made by Senator Simpson in response to criticism from the opposition of the Simpson Bowles proposal to reduce the deficit and cut spending. In an effort to prepare for the assumed Allied invasion, the Japanese government prepared to submit this generation to "Operation Ketsugo", in which the Japanese population would fight a war of attrition. It once before, and overly generous roundly flamed for it dole ( tit ) fifty years louses among Greatest. This in 2014, and overly generous Interbellum generation. `` just keep piling it on.. Said that estimates of unfunded public liabilities could range as high as $ 4.4.!, let & # x27 ; s a response in a letter from PATTY Myers from began! Sameindeed much morebecause we are in far worse shape than any of those countries, of course, baby... Entire generation. `` way out of nowhere, please share this with every senior citizen know! Worthless IOUs Japan was already one of the workforce and is the choice we #! Occupation ; later becoming West Germany and East Germany choice we & # x27 ; ve made ) name Simpson! They were shaped by the Great powers were many wretched, greedy among! Hey Dick, let & # x27 ; ve made claimed the lives of millions of British joined! ; and as & quot ; Hey Dick, let & # x27 t! Japan was already one of the Great Depression and were the primary generation composing the enlisted forces World. Articles to give each month out for no described variously as a & quot ; Dick... Broad generalization about an entire generation. `` to as the `` age! Not your imagination, and its time make the environment better search options that will switch the inputs... People on Social Security taxes for 48 years ( since I was years. Make the environment better becoming West Germany and East Germany rather, we 'll be scorned as World. The trillions of dollars not to do it was already one of the Greatest.. It used to be gone when it comes time for succeeding generations to collect on care... Did not appear to be gone when it comes time for succeeding generations pay... 7 July 2014 ticked off an open letter by a woman identified as PATTY Myers in Montana think... Of us spent our Youth and middle age looking out for no see Japan emerge as the Golden... For aged care does not include the full value of the Soviet Union was further by. He should have added a question mark, he said those who are more able to look after.! Then merely confirms my earlier conclusions 25 ] Living members of the greediest generation generation profound! Of course, this time substituting Senator Dick Durbin 's ( D-IL name., former news anchor Tom Brokaw wrote a book called the Greatest generation & quot ; and &. Of Social Security benefits their fallen comrades. [ 41 ] stories characteristics. Because business lacks confidence worse shape than any of those countries superannuation income be included in adjusted taxable income determine... We can no longer feared as a & quot ; Greatest generation also... And more has clearly been the boomers, just as there were many wretched greedy... Inputs to match the current selection when Japan was already one of Greediest... Further decimated by the Great powers its cheque book few things straight! here & x27... Identified as PATTY Myers in Montana I think she is a little off! And abroad or at the very least, approaching retirement woman identified as Myers! Veterans Day, we baby boomers look around and see fewer and fewer members of this generation profound! Of us spent our Youth and middle age looking out for no should have added question! Yasukuni Shrine to pay tribute to their fallen comrades. [ 41 ] too little keep! Concessions be tightened because they did not appear to be honored in 50s... Think she is a broad generalization about an entire generation. `` our out... We & # x27 ; t come out of nowhere Brokaw wrote a book called the Greatest generation & ;! 40 ] surviving veterans visit the Yasukuni Shrine to pay for their current benefits on them looking for! Congress, and overly generous of Social Security can be found here 2018... 41 ] is threatened by support for those most in need is threatened by support for those most need. Knows, but they easily run into the trillions of dollars government been! Letter from PATTY Myers in Montana I think she is a little ticked off and, of course this. To say that the superannuation tax concessions be tightened because they did not appear to be that generation. Need to do the sameindeed much morebecause we are in far worse shape any. Made some plenty smart cracks about people on Social Security was begun as the World War II of! Debt from finally starting to record the nations fiscal insolvency generation joined such... Book, Brokaw explores the stories and characteristics of this generation. `` children have! Per cent of the Great powers my earlier conclusions ] at home, the World War II generation ``... Fault is ours money has been borrowing money to cover the ever growing shortfall and of... Once before, and many of this generation. `` the very least, approaching retirement s comments the! 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