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	<title>Comments on: Generation Debt: Our Children will Hate Us</title>
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	<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/</link>
	<description>Financial Evolution: Education, Adaptation, Achievement</description>
	<lastBuildDate>Fri, 12 Mar 2010 18:48:03 +0000</lastBuildDate>
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		<title>By: Bret @ Hope to Prosper</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-4384</link>
		<dc:creator>Bret @ Hope to Prosper</dc:creator>
		<pubDate>Mon, 22 Feb 2010 17:54:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-4384</guid>
		<description>@Fred,

Unfortunately, most of our generation will desperately need their Social Security benefits to survive.  I&#039;m hoping I won&#039;t have to depend on them, but I could always get sick.  And, I suspect people with high retirement incomes won&#039;t get as much SS in the future.  They have to cut back somewhere.

But, to call someone selfish because they want the benefits they paid for their entire working life is pretty disingenuous.  You are asking so much and offering so little.  What do you intend to sacrifice for the benefit of our country?  What are you doing to fix the problems?

Waiting for the selfish old people to die off doesn&#039;t sound like much of a plan to fix Social Security.  It&#039;s going to be up to your generation, not ours.  You had better think of something besides blaming the people who funded the system.

Talk is cheap.  Blame is free.  Action is priceless.</description>
		<content:encoded><![CDATA[<p>@Fred,</p>
<p>Unfortunately, most of our generation will desperately need their Social Security benefits to survive.  I&#8217;m hoping I won&#8217;t have to depend on them, but I could always get sick.  And, I suspect people with high retirement incomes won&#8217;t get as much SS in the future.  They have to cut back somewhere.</p>
<p>But, to call someone selfish because they want the benefits they paid for their entire working life is pretty disingenuous.  You are asking so much and offering so little.  What do you intend to sacrifice for the benefit of our country?  What are you doing to fix the problems?</p>
<p>Waiting for the selfish old people to die off doesn&#8217;t sound like much of a plan to fix Social Security.  It&#8217;s going to be up to your generation, not ours.  You had better think of something besides blaming the people who funded the system.</p>
<p>Talk is cheap.  Blame is free.  Action is priceless.</p>
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		<title>By: fred</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-4346</link>
		<dc:creator>fred</dc:creator>
		<pubDate>Sat, 20 Feb 2010 03:43:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-4346</guid>
		<description>Is this a generational issue?  As for the last comment, if your generation is so wonderful, why don&#039;t you make a wonderful sacrifice to our nation by refusing to accept any social security benefits.  I&#039;m guessing here, but I bet the answer is some form of &quot;no way, I paid my share and now I want mine.&quot;  And that, in a nutshell, is the problem with our nation, and a particular generation that loves itself more than it loves the well-being of this country.  Unfortunately, that generation holds much of the power in business, industry, and government.  For now.  Change will come, but we&#039;ll need to wait out the extinction of the selfish ones, who, I promise, will eventually die out notwithstanding their never ending quest to recapture their youth.</description>
		<content:encoded><![CDATA[<p>Is this a generational issue?  As for the last comment, if your generation is so wonderful, why don&#8217;t you make a wonderful sacrifice to our nation by refusing to accept any social security benefits.  I&#8217;m guessing here, but I bet the answer is some form of &#8220;no way, I paid my share and now I want mine.&#8221;  And that, in a nutshell, is the problem with our nation, and a particular generation that loves itself more than it loves the well-being of this country.  Unfortunately, that generation holds much of the power in business, industry, and government.  For now.  Change will come, but we&#8217;ll need to wait out the extinction of the selfish ones, who, I promise, will eventually die out notwithstanding their never ending quest to recapture their youth.</p>
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		<title>By: Bret</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-4065</link>
		<dc:creator>Bret</dc:creator>
		<pubDate>Wed, 03 Feb 2010 23:43:46 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-4065</guid>
		<description>Darwin,

This is a thought-provoking post.

But, I&#039;m going to have to disagree with your assesment here.

As a middle-aged guy (age 45, end of the baby boomers), what I have seen is our generation has worked really, really, hard not only for our families and for ourselves, but for the betterment of our country and the entire world.  Our generation learned math and science in school and we invented most of the tehnologies the newer generations take for granted.  We worked our own way through college and then funded our children&#039;s education, while often taking care of the previous generation in their retirement.

As for the debt left to our children, I am going to have to blame that on our Government.  We have contributed more in taxes than any other generation in the history of our nation.  And, all of that hard-earned tax money was squandered away by a corrupt government that has rigged the system to favor incumbents.  The fact that some people may have lived above their means is not relevant to the next generation, since that debt isn&#039;t passed on to them.  They will certainly inherit more from us than we did from our parents.

So, if the future generations want to look back at us as selfish and and short-sighted, I say let them.  Let them see if they can measure up to our contributions in their own endeavors.  Are they going to revolutionize medicine, travel and energy?  Or, are they going to sit around whining about the mess they inherited?  Because, the way I see it, they don&#039;t seem to have it so bad.</description>
		<content:encoded><![CDATA[<p>Darwin,</p>
<p>This is a thought-provoking post.</p>
<p>But, I&#8217;m going to have to disagree with your assesment here.</p>
<p>As a middle-aged guy (age 45, end of the baby boomers), what I have seen is our generation has worked really, really, hard not only for our families and for ourselves, but for the betterment of our country and the entire world.  Our generation learned math and science in school and we invented most of the tehnologies the newer generations take for granted.  We worked our own way through college and then funded our children&#8217;s education, while often taking care of the previous generation in their retirement.</p>
<p>As for the debt left to our children, I am going to have to blame that on our Government.  We have contributed more in taxes than any other generation in the history of our nation.  And, all of that hard-earned tax money was squandered away by a corrupt government that has rigged the system to favor incumbents.  The fact that some people may have lived above their means is not relevant to the next generation, since that debt isn&#8217;t passed on to them.  They will certainly inherit more from us than we did from our parents.</p>
<p>So, if the future generations want to look back at us as selfish and and short-sighted, I say let them.  Let them see if they can measure up to our contributions in their own endeavors.  Are they going to revolutionize medicine, travel and energy?  Or, are they going to sit around whining about the mess they inherited?  Because, the way I see it, they don&#8217;t seem to have it so bad.</p>
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		<title>By: Weekly Linkfest: Stress Test Edition &#124; Darwin's Finance</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-636</link>
		<dc:creator>Weekly Linkfest: Stress Test Edition &#124; Darwin's Finance</dc:creator>
		<pubDate>Sat, 09 May 2009 19:18:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-636</guid>
		<description>[...] Comparison of Paygo: Congress vs. Americans.  Personally, I think our goverment&#8217;s lack of fiscal responsibility is worse than those of individuals since Americans are only hurting themselves.  Our government is burdening our children with generational debt they don&#8217;t deserve. [...]</description>
		<content:encoded><![CDATA[<p>[...] Comparison of Paygo: Congress vs. Americans.  Personally, I think our goverment&#8217;s lack of fiscal responsibility is worse than those of individuals since Americans are only hurting themselves.  Our government is burdening our children with generational debt they don&#8217;t deserve. [...]</p>
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		<title>By: 52-Week High Stocks Autozone and AIPC &#124; Darwin's Finance</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-171</link>
		<dc:creator>52-Week High Stocks Autozone and AIPC &#124; Darwin's Finance</dc:creator>
		<pubDate>Wed, 04 Mar 2009 04:03:27 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-171</guid>
		<description>[...] of buying/leasing new ones every few years.  This portends bad things for the big three autos and taxpayers alike.  The lightbulb never went off for me at the time, but it appears as though investors feel [...]</description>
		<content:encoded><![CDATA[<p>[...] of buying/leasing new ones every few years.  This portends bad things for the big three autos and taxpayers alike.  The lightbulb never went off for me at the time, but it appears as though investors feel [...]</p>
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		<title>By: Darwin</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-139</link>
		<dc:creator>Darwin</dc:creator>
		<pubDate>Sun, 22 Feb 2009 19:24:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-139</guid>
		<description>Are you referring to whether those generations will resent prior generations or whether our children will also blame them?  I&#039;m from the 70s generation and feel that while somewhat young and a new homeowner myself, our generation is certainly partially to blame for everything from the housing speculation and living above household means to not challenging and voicing disgust over our politicians&#039; continued lack of any foresight or restraint on spending/debt that they&#039;re saddling future generations with.</description>
		<content:encoded><![CDATA[<p>Are you referring to whether those generations will resent prior generations or whether our children will also blame them?  I&#8217;m from the 70s generation and feel that while somewhat young and a new homeowner myself, our generation is certainly partially to blame for everything from the housing speculation and living above household means to not challenging and voicing disgust over our politicians&#8217; continued lack of any foresight or restraint on spending/debt that they&#8217;re saddling future generations with.</p>
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		<title>By: xinmart</title>
		<link>http://www.darwinsfinance.com/generation-debt-our-children-will-hate-our-generation/comment-page-1/#comment-137</link>
		<dc:creator>xinmart</dc:creator>
		<pubDate>Sun, 22 Feb 2009 15:54:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.darwinsfinance.com/?p=91#comment-137</guid>
		<description>Maybe technology can lead us out of this mess.</description>
		<content:encoded><![CDATA[<p>Maybe technology can lead us out of this mess.</p>
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