Sunday, April 10, 2011

Generation X = Generation Screwed

While the Democrats and Republicans debate the draconian Medicare cuts in Paul Ryan's budget plan the point that has gotten overlooked is exactly for whom all these benefits would be eliminated: people under 55.

It's a telling number.

Ryan is the first politician to begin to put on the table what so far politician's have yet to discuss: what is going to happen to the retirement planning safety net that most of us have relied on as we struggle to fund our 401K's and figure out how we'll survive in retirement.But believe me, this is just the opening of the conversation.

The age that he picks is certainly no accident. Fifty-five: after the biggest swell of baby boomers have safely secured their government-guaranteed retirement.

Assuming all these negotiations pass next year, then for the rest of us louts born after 1957, it's sorry, sucker.

Or as comedian Bill Maher said on "Real Time" last night (in reference to the Charlie Sheen comedy tour travesty), "already got your f***ing money, dude."

That's what the big mass of Baby Boomers and elderly voters running government are going to be saying to us smaller proportion of Generation X'er as they debate this issue. Sorry there's nothing left for your retirements. Already got your money, dudes.

Ryan's proposal is just the first of the great big screwing us Generation X'ers have coming.

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