You call that booming?
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You call that booming?
The Wall Street Journal outlines the latest way that Baby Boomers are hurting America -- although it's not their fault for a change:
Older workers, who typically fared better than their younger counterparts in recessions, have been hit just as hard by layoffs this time around. As a result, the fraction of people 65 or older who are working has leveled off after a long period of growth. As of July, it stood at 15.9%, down from 16.3% in mid-2008.
With the overall unemployment rate hovering at 9.5%, many older workers have now found themselves at the back of the line to return to the work force. "Many employers seem to think it is not worth their time or effort to train me in a position," says Kathleen McCabe, 59, a former apartment manager in Tulsa, Okla., who has been out of work since April 2009. "They assume I will leave for retirement soon."
The diminishing work prospects will require many older folks to make do with less—a discouraging outlook for firms hoping to sell them everything from restaurant meals to cars.
As of 2008, the latest data available, people aged 65 to 74 were spending 12.3% less than they did ten years earlier, in inflation-adjusted terms.
Maybe they blew it all on fresh-faded jeans and Grateful Dead boxed sets? Seriously, the economic ramifications are huge, but so are the political ones. We've already seen from the Tea Party -- the vast majority of whom are Baby Boomers or just a tad behind -- that the time quotient of early retirement, planned or not, coupled with anger can be a potent political force. I expect we'll see a lot more of these enraged Boomers descending on Washington soon -- if they are able to afford the bus fare.
///because, you know, they hate big government and don't want to be dependent on handouts.//// Please explain how something you have paid in to your entire life, like Social Security, can be considered a handout.- ///Next RG will explain why, as an extremist libertarian, he wouldn't turn away a big government firefighter who came to extinguish a fire in his house. And then he'll explain why he would accept help from a big government police officer to extract his family from a car accident. Finally, he'll explain why he doesn't mind driving on roads that were built by big government.///// TPS' latest red herring -- everything supplied by government counts as "big government."
TPS, if I can get back the money I've paid into Medicare and Social Security, and be exempt from future payments, I'll gladly give up the "benefit." Where do I sign up?— jfar86- is that Will on the left with the beard?— Bud Fox
- ///Notice how RG rationalizes depending on big government - even though that big government's entitlements are ruining the country?/// -- Notice how TPS rationalizes his straw man of big government by pointing to fire fighters, which are funded by local government, not federal?
- TPS' posts are generally just massive strawmen. Somehow, asking the gov to honor their promise to return the money they took from your paycheck equals dependance on big gov. The firefighter and police examples were absurd on multiple levels. Local vs fed funding, legitimate functions of government, etc— RG
- No. Will is the one in the middle wearing glasses :)— PhillyTru
- TPS: "A conversation I'd like to see: RG explaining to an African American big government fire fighter why the government has no stake in preventing a store owner from denying the fire fighter service because he's black, but then turn around and expect the fire fighter to risk his life saving the proprietor's business." You just put in perfect context my issue with most Liberals. Look at what you wrote please. Why would that firefighter not respond to the fire? That is his job for gods sake. His responsibility is to his profession not the ideologies of the business owners building. That is the entitlement of today's generation TPS. He doesn't get to choose what fires to put out, he has to do his job. Period.— phillyjeffsr
- A conversation I'd like to see.....TPS explaining to his priest/minister/rabbi why the big government firefighters must not lift a finger to save his burning church/temple due to the separation of church and state.— Chief Instigator
Comment removed.
I see the resident racist is being a fool as usual, I dont know why you guys bother, it moves the goalposts or creates an argument out of thin air and you all fall for it every time. Post around the POS it wont affect it, it will just post at itself like normal. jfar, good idea I like that.— PAEnglish- Comment removed.
- Will this get through the filer? ===}}} Obama is under a ton of heat for his vocal and enthusiastic support of the Muslim mosque at Ground Zero. {{{=== It's a proposed community center, a couple of blocks distant from "ground zero", in a building that housed a Burlington Coat Factory. But yeah, Republicans are so upset because it is "sacred ground": --snip-- /// Tell that to the patrons of the Pus_s_ycat Lounge, a strip club where a photo of a nearly naked woman marks its location just two blocks from where the World Trade Center stood. Or the Thunder Lingerie and peep show next door, where the marquee sports an American flag above a window display of sex toys and something called a "power pump." In a walk of the streets within three blocks of Ground Zero, the Daily News counted 17 pizza shops, 18 bank branches, 11 bars, 10 shoe stores and 17 separate salons where a girl can get her lady parts groomed.\\\ --snip-- It's sad what some "conservatives" will stoop to in order to attack the president of the United States.— Talking point sleuth
- Or, maybe the didn't waste it on Grateful Dead boxed sets. Maybe they just aren't ready to retire, for whatever reasons. And speaking of Dead box sets, I'm not a boomer, but I'm listening to Box of Rain right now.— Captain Awesome
- Still obsessed, eh PAEnglish?— Talking point sleuth
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