IPFS News Link • Economy - Economics USA
How Baby Boomers Broke America
• http://time.comBrill, the author of Tailspin, is the founder of Court TV and the American Lawyer
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Lately, most Americans, regardless of their political leanings, have been asking themselves some version of the same question: How did we get here? How did the world's greatest democracy and economy become a land of crumbling roads, galloping income inequality, bitter polarization and dysfunctional government?
As I tried to find the answer over the past two years, I discovered a recurring irony. About five decades ago, the core values that make America great began to bring America down. The First Amendment became a tool for the wealthy to put a thumb on the scales of democracy. America's rightly celebrated dedication to due process was used as an instrument to block government from enforcing job-safety rules, holding corporate criminals accountable and otherwise protecting the unprotected. Election reforms meant to enhance democracy wound up undercutting democracy. Ingenious financial and legal engineering turned our economy from an engine of long-term growth and shared prosperity into a casino with only a few big winners.
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2 Comments in Response to How Baby Boomers Broke America
Is this some kind of joke or propaganda? Baby Boomers dutifully saved for their retirements. Then, in order to avoid paying Baby Boomers their retirements bankers manipulated interest rates to near zero for the exact ten years that Baby Boomers would otherwise have been collecting interest on their savings. During that time government fleeced the $520 trillion that would have paid for those retirements by simply taking the money "off book" in the largest embezzlement scheme in history (see Catherine Austin Fitts, The Solari Report). Baby Boomers made America. Collectivist Bankers and government with "central planning" destroyed it.
Actually, it's a segment of baby boomers who are SAVING America. With all the abortion, war-making, and countrywide evil that abounds, the only reason why God hasn't destroyed America long ago is, God is maintaining His faithful baby boomers, and pre-baby boomers. Today's people are not nearly as faithful to God as the faithful baby boomers. When the baby boomers are all gone, there will be no reason for God to continue saving the country anymore. America gone!