They buy US debt.uziq wrote:
“we buy from vietnam and taiwan more than they buy from us!”
According to my rough maths the boomer generation has had about U$20Trillion more spent on them by the federal govt than they should have (to be paid off by the next generations) and benefited from being able to have about U$10trillion worth of goods on credit.unnamednewbie13 wrote:
a couple responses to dilbert's aboves:
"the last 75 years have been for boomers" may come as a surprise to boomers forcibly sent to vietnam, or shot by the national guard while walking to class. an Xer should recall that the greatest generation was viewed with disdain like people view boomers today, albeit without the same internet amplification. not to overly defend a generation firmly in reagan's pocket like the other voters of the 80s, but a lot of boomers aren't exactly financially resilient today. barely in housing (if at all), still in debt, and still working with no end in sight, while people tell them they should just go out and die of exposure or something for the betterment of the tribe.
Last edited by Dilbert_X (2025-04-10 04:16:32)
well, yes, which is why i said earlier that the current status quo has suited US monetary (not to mention foreign) policy perfectly well.Dilbert_X wrote:
They buy US debt.uziq wrote:
“we buy from vietnam and taiwan more than they buy from us!”
Its been a way of bootstrapping their economies but once bootstrapped maybe they don't need it any more.
Collapse of the US dollar and high inflation for Americans is going to be fun to watch.
this is probably a really lazy way of looking at it, and a little hypocritical of a man who says he only works out of sheer boredom.Dilbert_X wrote:
According to my rough maths the boomer generation has had about U$20Trillion more spent on them by the federal govt than they should have (to be paid off by the next generations) and benefited from being able to have about U$10trillion worth of goods on credit.unnamednewbie13 wrote:
a couple responses to dilbert's aboves:
"the last 75 years have been for boomers" may come as a surprise to boomers forcibly sent to vietnam, or shot by the national guard while walking to class. an Xer should recall that the greatest generation was viewed with disdain like people view boomers today, albeit without the same internet amplification. not to overly defend a generation firmly in reagan's pocket like the other voters of the 80s, but a lot of boomers aren't exactly financially resilient today. barely in housing (if at all), still in debt, and still working with no end in sight, while people tell them they should just go out and die of exposure or something for the betterment of the tribe.
Rough maths again, the average boomer has pocketed about U$600,000 and lumbered the next generation with that debt.
So yeah, fuck you boomer.
I mean, wouldn't it be nice to get a free U$20k handout from the govt every year of your working life?
If they're 'poor' despite that advantage, or just blew it on gas-guzzling trucks and the gas to go in them, too bad for them.
Last edited by unnamednewbie13 (2025-04-10 06:59:57)
Last edited by unnamednewbie13 (2025-04-10 16:33:06)
Its a simplistic view, however the US economy has been spinning its legs in the air and the post-war generations have benefited immensely from all the borrowing from future generations.unnamednewbie13 wrote:
this is probably a really lazy way of looking at it, and a little hypocritical of a man who says he only works out of sheer boredom.
the problem with "averages," is that it overlooks a certain human element. boomers are among the demographic i see pushing homeless shopping carts heaped with their stuff. boomers are still working (multiple) entry level jobs so they can afford rent. boomers are cancelling basic services, skipping doctor appointments, and turning down ambulances because it's too expensive.
you, on the other hand, are financially secure, living with your parents, and not far from being a boomer yourself. looking at it in terms of federal reserve data like that, your average is still above $1mil/household, so fuck you too? you're just mad that the boomers have you beaten out.
Last edited by uziq (2025-04-11 07:55:29)
Last edited by uziq (2025-04-11 08:09:46)
Last edited by uziq (2025-04-12 02:54:37)
DOGE is made of people who believe they can derive all things from first principles because they're Very Special Boys who are good at using the computer; a trait that is shared (to varying ends) by a bunch of really, really annoying posters.
Last edited by uziq (2025-04-13 03:43:20)
