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Cato Podcast

Blame the Baby Boomers

Cato Podcast

Cato Institute

Immigration, News, News Commentary, Peace, 424708, Markets, Government, Libertarian, Policy, Politics, Cato, Defense

4.5979 Ratings

🗓️ 23 January 2014

⏱️ 20 minutes

🧾️ Download transcript

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Transcript

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0:00.0

This is the Cato Daily Podcast for Thursday, January 23rd, 2014.

0:06.0

I'm Caleb Brown.

0:08.0

PJ O'Rourke says young people can pretty much blame boomers for everything from the state of politics to crushing entitlement spending

0:15.0

to the lax standards of dress for American men. We spoke about his new book, The Baby Boom,

0:21.2

how it got that way, and it wasn't't my fault and I'll never do it again

0:25.0

yesterday. What can we blame baby boomers for? Well you know I think you, as you seem to belong to a generation that comes after the

0:36.3

baby boomers, everything, we are going to be eating the economy alive.

0:44.0

The youngest baby woman was just turned 50 this year.

0:48.0

So that means, you know, given our persistence and staying young, it means another 50 years of us gobbling Social

0:57.2

Security and Medicare benefits and probably a bunch of other benefits that nobody even noticed.

1:03.6

So all I can really say is, as I say in the subtitle of my books, my fault.

1:09.3

I didn't do it.

1:12.1

These programs were passed by the greatest generation and in fact with Social Security

1:18.4

the generation prior to the greatest generation and they seemed to have been passed with just the amazing idiocy, even by Washington

1:27.6

political standards, they seem to have been passed with no eye on any demographic statistics.

1:34.2

By the time Social Security, statistics weren't as developed a science

1:40.0

demographics in the 30s when the Social Security came along.

1:44.4

But even then, they could have told, just looked at Census report and realized

1:48.8

that Americans were living longer.

1:50.9

Social Security is a great system if everybody dies at 67.5, you know, but already by the time Social

1:58.1

Security was instituted that was ceasing to be true and you can see where the trend line was going. Medicare is unbelievably

2:05.9

stupid. By the time Medicare comes in 68 we know that not only do we know that Americans are living much longer, so the idea of just giving everybody

...

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