Tuesday, November 18, 2008

the greatest generation

Well, the debate has been put to rest. The boomers are the greatest generation. Their parents may have overcome the Great Depression, won World War II, and established the US as the preeminent political, economic and cultural power of the 20th century, but as CNBC reports, the US government has currently spent $4.28 trillion to bail out the economy.
"That's $4,284,500,000,000 and more than what was spent on WW II, (my emphasis) if adjusted for inflation, based on our computations from a variety of estimates and sources*."
The US may have got through the 1930s and 40s through hard work, savings and sacrifice, but in true boomer fashion the US will simply buy its way out of this mess. Seems to be going great so far.

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