Merry Inter-Generational Dialogue!
|by Jake Sorrow|
File under: Baby Boomers23 Dec 2013 20:22 EST
During this festive season in Fakenation, families young and old are gathering as we speak to ritually commemorate the childhoods of Baby Boomers...
But suffice it to say that this Rockwellian picture is not alive in the next generation. In fact, populist news site The Drudge Report recently linked to an article stating that married Millennials looking to have children are increasingly moving back home to finance this quixotic dream of saving and investment in our brave new 0 percent interest rate world. But don't worry: the Boomer media is in control of the situation, ready with an expert at hand on how to financially manage this growing drag on the national balance sheet of, well, an entire generation...
Very good. We can't think of a better microcosm of the situation than Boomer parents giving their Millennial children loans while they are still living at home. With any luck, the kids will take that money and strike it big with Dogecoin, and the parents will finally get to retire as the loan payments are met. And all that quality time spent together is thrown in as a bonus. Such win.
But with every article like this, and with every unraveling of the non-productive money drains saved in the 2008 crisis, the generational cold war risks going hot...
A good point, that. But why can't these young people afford to live on their own...
Oh, right, because we abandoned those halcyon Bush years, when many of the older Millennials got themselves into the real estate, educational, or personal debt that brought us to this point, while Boomers were out flipping derivatives, juicing the stock market, and using their houses as credit cards. But no, it is all the fault of the doctrinaire young liberal of the Boomer conservative imagination, not the corruption in their own ranks that made their loss inevitable.
We're sorry, John. Maybe we wouldn't be in this position if you could identify the problem more precisely than with the label of a 'liberal economy', whatever that even means.
After all the full scale destruction of capital in the past several years, people are finally up in arms because a bill, much smaller than the total cost this destruction, has finally been sent their way. With this kind of an aware, proactive mentality, how did any of this happen...?
Clearly, the frustrations abound on both sides. Some people are finding the cute, sentimental side of generational reconnection in the situation; others are convinced that the younger men of this country are nothing but irredeemable scum.
There is some room for common ground, and identification of the real problem...
... but there may be no hope to bridge the gap between the beneficiaries and the victims of the greatest currency debasement in world history.
Sadly, the Boomers are right about the pathetic mindless surrender of most Millennials...
... just as the Millennials are right about the unfathomable degree of Boomer irresponsibility it took to get us to this point.
So Merry Christmas! There should be plenty of classic Archie Bunker rants in the air as the kids
As for us at Fakenation, we encourage both sides to consider this radicalizing nugget of wisdom from G.K. Chesterton, especially directed at the Boomers who pine for the Bush years, and the Millennials unable to so articulate themselves:
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