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by robocat 16 days ago
The US is an economy - what matters is the resource flows within each day or year.

I sincerely hope you've had your 2.4 kids to support yourself - that's what the boomers managed and it is hard to measure in dollars or debt. https://news.ycombinator.com/item?id=48281453

The idea of monetary debt between generations is just hand-waving (apart from the issue of trying to "color" a dollar via creative government accounting).

Note that government lending in other countries is different when borrowed in foreign currencies e.g. USD or Yuan (ask anyone living in bankrupted countries).

The boomers are dying (20% gone so far) - - in a few decades everyone else will have inherited everything, and the blame will shift to another name.

1 comments

>I sincerely hope you've had your 2.4 kids to support yourself. that's what the boomers managed and it is hard to measure in dollars or debt.

Oh you mean the same boomers that pulled the latter up behind them via NIMBYism that caused housing prices to explode, starved education funding and made universities expensive, and pushed back on universal healthcare while also getting tax-funded healthcare themselves?

Now they're mad we don't want to have more kids to fund their elderly care and retirement? Those boomers?