Video: Paul Ryan unveils budget ~ Gen X is ready to take some pain, are you?
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Rep Ryan on Squawk Box this morning discussing his budget.
Gen X will be the first to hit the new Medicare Premium Assistance Program in 2022.
We always knew it would be us. At this point I am GLAD it is us. The Boomers don’t have the fortitude of their parents and all they do is consume.
Only the Thirteenth Generation aka Gen X, is prepared to sacrifice.
After all, we are used to it. We expected it. Hell, we have been waiting for the other shoe to drop on us since our first experience following Boomers, the Carter years, and then the pain of Volcker slaying inflation during Reagan’s recession. And don’t forget the FICA tax increase we got to pay for Boomers’ retirement, the $$ that is now-gone and which we will have to pay, again.
Fact is, we are a small enough generational cohort that the pols feel comfy shafting us, always have, always will.
Heaven forfend someone should ask the frakkin Boomers to share the pain. They still think they are God’s gift to the world.
So instead of righting the ship immediately, which we could do if the Boomers would give something up, we in Gen X will take the first hit.
So here we are, stepping up, ready to share the burden.
FIX IT NOW. CUT NOW. WE ARE READY.
We are the Eeyores of the current populace and we have always been ready to get the shaft, at least let us do it now so we feel we contributed something meaningful while we got screwed…
and PS-Thank you Rep. Ryan!
Andrew Stiles breaks out some numbers on NRO:
$6.2 trillion — Amount of spending cuts proposed relative to President Obama’s 2012 budget request.
$5.8 trillion — Amount of spending cuts proposed relative to the current CBO baseline.
2008 — Ryan’s plan would bring non-security discretionary spending to below 2008 levels (pre-stimulus, pre-bailout, pre-Obama).
20 percent — Target spending levels (as a percentage of GDP).
$4.4 trillion — Total deficit reduction over 10 years called for under the plan, compared to $4 trillion under Bowles-Simpson and just $1.1 trillion under Obama’s 2012 budget.
$4.7 trillion — Total debt reduction relative to Obama’s budget.
$178 billion — Amount of saving achieved in the Defense Department budget, per the recommendations of Defense Secretary Robert Gates, $100 billion of which would be reinvested, the rest used to reduce the deficit.
$750 billion — Total savings achieved through Medicaid reform, in the form of block grants to states, giving governors greater flexibility in their budgets.
2022 — Year that proposed Medicare reforms would take effect.
25 percent — The top tax rate proposed for both individuals and companies.
18-19 percent — Target revenue levels (as a percentage of GDP), in keeping with historic average levels.
$800 billion — Total amount of tax increases eliminated by repealing Obamacare.
1 million — Private-sector jobs created over the next year.
4 percent — Projected unemployment rate by 2015.
$1.5 trillion — Projected growth in real GDP over the next decade.
$1.1 trillion — Estimate increase in wages over 10 years, yielding an average increase in income of $1,000 per year for each American family.
10 percent — Proposed reduction to the federal workforce over the next three years.
$120 trillion — Total debt reduction by 2050 relative to Obama’s budget.
Update: Oh here we go, Boomers whining about not having enough to live in style in retirement. Cry me a frakkin river dudes, you spent it all and THEN some (and once again Gen X, following your shenanigans, got the 1st 10 yr run with no $$ in stocks) but dont worry your Berbanke is printing just as fast as he can so you can continue to take cruises every spring (until stagflation catches up to us).
Your idiotic brain trust picked out Obama to be POTUS! There are no more resources for you to consume! Jeebus, get a grip!
The 77 million-strong generation born between 1946 and 1964 has clung tenaciously to its youth. Now, boomers are getting nervous about retirement. Only 11 percent say they are strongly convinced they will be able to live in comfort.
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A Nightmare on Elm Street reviews…
Ouch. First Spill:
Then the NYPost, Kyle Smith:
…To the audience suckered into paying to see this, here’s why your generation sucks. A book for first-graders by Carl Reiner was called “Tell Me a Scary Story, But Not Too Scary.” Young adults going to this movie are, mentally, first-graders with a higher tolerance for gore.
Going in, you know the story and pretty much what’s going to happen in every scene (Freddy is going to pop up in varying settings). A girl gets in the bathtub and everyone waits for the finger-knives to appear so they can issue a properly prepared-for shriek. That’s pretend scared.
Now that there have been eight Freddy movies, 12 Jasons and 10 Halloweens, it might be time to declare that kids like to see the same stuff over and over. (When Generation X sat through all this, at least it was new, or new-ish.) But just as you can’t tickle yourself, you can’t really be scared unless you honestly don’t know what’s next. Teens are so uncertain all the time that they crave movies where everything is as pre-arranged as soccer practice. When you start to notice that full-on predictability has become unpleasant to watch, you might just have arrived at the moment of your moviegoing maturity.
Though Freddy is basically the same guy as in the 1984 original, his back story is different. For a few minutes the movie threatens to become interesting — then retreats. (Mild spoilers follow.)…
Corey Haim passes away at 38
God Bless. Hollywood destroys kids. I watched the Two Coreys and Haim clearly had serious damage from his career as a kid in tinseltown (including physical abuse). The studios have been destroying young actors since Judy Garland who they pumped full of pills to keep her acting and singing 24/7. Not much has changed. God Bless him.
HorrorHound Weekend, March 28, 2009: The after-party was over and the mini-bar was closed, but that didn’t stop Corey Haim. The Haimster and G Tom Mac (the guy who originally performed the theme to Lost Boys) rolled an amp, a guitar and some drums into the lobby of the Indianapolis Marriot and commenced a spontaneous jam session that went on for more than an hour.
Krauthammer Agrees!: Twofer Tuesday: The Middle
Update: Feb. 19, 2010 – Krauthammer agrees!:
..It turned out that the country’s problems were not problems of structure but of leadership. Reagan and Clinton had it. Carter didn’t. Under a president with extensive executive experience, good political skills and an ideological compass in tune with the public, the country was indeed governable.
It’s 2010, and the first-year agenda of a popular and promising young president has gone down in flames. Barack Obama’s two signature initiatives — cap-and-trade and health-care reform — lie in ruins.
Desperate to explain away this scandalous state of affairs, liberal apologists haul out the old reliable from the Carter years: “America the Ungovernable.” So declared Newsweek. “Is America Ungovernable?” coyly asked the New Republic. Guess the answer….
The leadership of the Democratic Party still does not get it.
The lamestream journOlists are trying to spin the departure of Bayh as a sign the ‘system doesn’t work’ i.e. government is broken.
Huh funny that, I remember Dubyah getting Medicare Part D, two wars, No Child Left Behind and tax cuts passed with far less of a majority and the same system of governance. Big Dawg got NAFTA, SCHIP, FMLA, balanced the budget. Both created millions of jobs.
The system is not broken, the leadership is weak. OWN YOUR CANDIDATE.
And that’s the view from here in ‘The Middle’ 🙂
I read posts from the ‘left’- BTD at TalkLeft, and the journOlists – the Politico hit piece on Evan Bayh today and I think, wow they are So Far Away From Me. I think they will continue to be shocked! and amazed! and astounded! as the Dems are swept out of power. It is clear to everyone but those in the bubble or on the left that the country is saying N-O to the Obama Agenda all down the line.
The Democratic Party is So Far Away from the Middle. Since America IS The Middle we will have to remove them at the ballot box again. My Generation’s (X)turn to be a ‘Reagan Democrat’ is it, and save the country from the worst proclivities of the farleft neoprogressive agenda? Okay I’m down with that.
I get so tired when I have to explain
When you’re so far away from me
See you’ve been in the sun and I’ve been in the rain
And you’re so far away from me-Dire Straits
The Knack lead singer Doug Fieger passes away, God Bless
One of the Gen X anthems-
Doug Fieger, leader of the power pop band The Knack who sang on the 1979 hit “My Sharona,” died Sunday. He was 57. Fieger, a Detroit-area native, died at his home in Woodland Hills near Los Angeles after battling cancer, according to The Knack’s manager, Jake Hooker.Fieger formed The Knack in Los Angeles 1978, and the group quickly became a staple of Sunset Strip rock clubs. A year later he co-wrote and sang lead vocals on “My Sharona.” Fieger said the song, with its pounding drums and exuberant vocals, was inspired by a girlfriend of four years.
“I had never met a girl like her — ever,” he told The Associated Press in a 1994 interview. “She induced madness. She was a very powerful presence. She had an insouciance that wouldn’t quit. She was very self-assured. … She also had an overpowering scent, and it drove me crazy.”
“My Sharona,” an unapologetically anthemic rock song, emerged during disco’s heyday and held the No. 1 spot on the Billboard pop chart for six weeks, becoming an FM radio standard….
Moderate in the Middle 