Peter G. Peterson, one the wealthiest men in the World, likes to stereotype and blame people born in the U.S. between 1946 and 1964 (the Baby Boomers) for America’s financial woes, i.e., budget deficit. He is so dedicated to punishing these people that he has spent millions and millions of his massive fortune to promote the idea that reducing benefits paid for by the Baby Boomers through a payroll tax is the way to balance the Federal Budget.
Peter G. Peterson – Hedge Fund Mogul & Crusader against Baby Boomers
Here are just a couple of examples of his attitude toward the generation that will soon be entering retirement (from his propagandistic book, Running on Empty):
Page 57: “When the nursing-home crowd outnumbers the dorm room crowd by nearly four to one, America’s youth tradition may be little more than a memory.”
Let’s look at promotion of intergeneration conflict:
Page 227: “To today’s young Americans, I say, You have a right to be angry abut the financial encumbrance your elders have collectively placed upon you.”
Page 230 – 231: “Maybe now you wish your parents hadn’t been so indulgent. Maybe you feel that when it comes your time to have children, you will spend far more effort on working to build a society that doesn’t rob their future, and less effort on scripting your children’s playtime for “maximum enrichment.” And in this, your priorities may well be right.”
In the two posts below, I attempt to provide a couple of brief statements that address the Social Security Trust Fund and the “facts” that expose these types of statements as pure propaganda.