The world after the boomer are dead full#
The world after the boomer are dead series#

His presidency was then largely consumed by the massive and costly post-9/11 war on terror, leaving concerns about climate, entitlements and infrastructure spending aside. Bush, far from addressing government funding problems, engaged in a short-lived movement to privatize Social Security and added an expensive prescription drug program to Medicare whose main beneficiary was older Americans. But he also suffered an ugly impeachment over personal misbehavior and efforts to cover it up.ДЄnd progressives blame him for expanding the penal state, cutting capital gains taxes for the rich and engaging in petty personal feuds with then-House Speaker Newt Gingrich - another boomer - leading to government shutdowns and the dawn of the kind of scorched earth, Forever War politics that now dominate Washington. The first boomer president, Bill Clinton, did raise taxes in the early 1990s and briefly created government surpluses after all the charts and warnings and televised lectures from Ross Perot. вЂњThe baby boom happened to get older at the same time that America adopted an economic model that was actually pretty counter-productive, which did not actually produce rising wages and incomes for people at a very good clip, that enhanced inequality.вЂќ A bipartisan generational critique Incomes were growing at the rate of 2 percent a year, something that we havenвЂ™t seen since,вЂќ said Ruy Teixeira, a senior fellow at the Center for American Progress and himself a boomer. Wages were going up with productivity, and productivity was going up very fast.

The world after the boomer are dead full#

The baby boomers вЂњgrew up in an era when there was something close to full employment almost all the time. Boomers just grew up at a time when everything was fairly awesome and people assumed they would stay that way. It wasnвЂ™t entirely their fault, students of the generation say. Gibney and other critics of the baby boom generation argue that the huge cohort that came of age in the prosperous years after World War II spent much of their time in power cutting their own taxes, ensuring that giant entitlement programs are protected - at least for themselves - and doing little to protect the environment or invest in American infrastructure or address the mounting student loan crisis.

That death grip could hold at least another four and perhaps eight years in the White House. вЂњI think the main impediment right now is the death grip the boomers have had over the political system.вЂќ What went wrong

The world after the boomer are dead series#

And of course we have the climate,вЂќ Bruce Gibney, author of вЂњA Generation of Sociopaths,вЂќ said in the first episode of вЂњBaby Bust,вЂќ the new POLITICO Money podcast series on the political and financial legacy of the baby boom generation. We have whatвЂ™s called вЂdeferred maintenanceвЂ™ in infrastructure. But the most likely outcome as it stands now is that the nation will yet again ask a baby boomer to fix what the baby boom broke. mayor running openly on generational change. The offering includes outliers like Pete Buttigieg, the millennial South Bend, Ind.