Quoted in a USA Today article on the changing expectations of young adults, author Morley Winograd, who writes extensively about the Millennials, said their economic situation is “completely analogous” to the depression-era generation. “They were raised in relative affluence, and just as they are about to start in that affluent world, it all comes crashing down.” They are forced to assume that “everything that came before them was a mirage — that it was built on unsafe foundations.” This prolonged downturn will end. They always do. People will find their way back to confidence. But especially for those growing up under the weight of its fearsome uncertainties, it will be with us for generations to come. ~ Dr. Peggy Drexler, The Huffington Post (via http://charlesbivona.tumblr.com) Here we are, my friends, in a time and place in our lives, at a point when, in our parents generation, they saw their retirement funds growing; due to the housing and bank bailout, ours are gone. Our parents used the equity in their homes to improve their lot, adding a spare room, re-doing the kitchen, paying for college and weddings; we are upside-down, with no hope in sight. Our folks could get good, secure jobs with which they could raise families, have benefits, and pensions; we have to go deep in debt to get advanced degrees to compete for the few pension-less jobs out there, all the while having to pay for our own health insurance as costs skyrocket. Our parents paid for weddings, college for some of us, took us on cross-country trips for summer vacations to see the best of our land; we’ll be hard-pressed to pay for their grandkids’ weddings, or to help them through a state college, and to put aside enough to have some local fun on a “stay-cation.” Union-busting, teachers cut, firefighters and cops getting minimum wage (Scranton, PA, folks, google it!), GOP pushing to cut government jobs to their lowest numbers ever, in the middle of the worst recession we’ve had since the Depression, just when we’ve started to climb our way out of the Republican-created ditch. Yet, the GOP continue to insist that the rich don’t need to pay their fair share: $250,000 tax cuts for the top 1% in Ryan’s (now Mitt’s) budget. Middle class, hard-working families are asked to shoulder more and more of the burden. “Noblesse oblige is dead, long live Citizens United!” the corporate raiders cry, while Mitt dumps his funds into a charitable trust in his wife’s name the day before he becomes governor, and invests his money in Swiss Banks, the Caymans and several other tax-free, untraceable accounts overseas. Because he can. Because he will only release a year’s worth of...
Posts Tagged "rich"
I refuse to cave to a minivan. I am still a tomboy - comfortable in Levi's, my Yankees cap and Converse. And I always have a political opinion...hell, I always have an opinion, period. The hubby, my kids and my friends think I should run for office. Maybe one day. But for now, Momma Politico blogs. Peruse, enjoy, and know that our busy lives are as significant as those in The Washington Post. Cheers, Heidi Haines AKA Perry MacNeil Momma Politico
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