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"the overwhelming size of the baby boom generation, in comparison with the generations just before and after, allowed people born in the two decades after VE-Day not only to dominate culture, fashion and morality, but also to accumulate wealth, monopolise employment and housing and reduce social mobility for the next generation.
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But strangely, however, nobody — least of all an active politician like Mr Willetts — seems to make the connection between long-term intergenerational tensions and the present controversies over public spending and taxes."
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But strangely, however, nobody — least of all an active politician like Mr Willetts — seems to make the connection between long-term intergenerational tensions and the present controversies over public spending and taxes."
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"Why, for example, are governments everywhere running out of money, not just in Britain and Greece, but also in America, Germany, Japan and France? Why are taxes relentlessly rising in all advanced capitalist countries? And why is public spending being cut on schools, universities, science, defence, culture, environment and transport, while spending on health and pensions continues to rise?
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The populist answer to these questions is that we are all about to pay for the greed of the bankers. But this is not true. According to IMF calculations, the credit crunch, bank bailouts and recession only account for 14 per cent of the expected increase in Britain’s public debt burden. The remaining 86 per cent of the long-term fiscal pressure is caused by the growth of public spending on health, pensions and long-term care. The credit crunch and recession did not create the present pressures on public borrowing and spending. They merely brought forward an age-related fiscal crisis that would have become inevitable, as by 2020 the majority of the baby-boomers will be retired.
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The rational solution to this fiscal crisis would be for governments to reduce their spending on pensions, health and longterm care. Yet these are precisely the “entitlements” protected and ring-fenced by politicians, not just in Britain but also in America and many European countries, even as other government programmes are ruthlessly cut.
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The politics of the next decade will be dominated by a battle over public spending and taxes between the generations. Young people will realise that different categories of public spending are in direct conflict — if they want more spending on schools, universities and environmental improvements they must vote for cuts in health and pensions.
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Schools and universities are more important for a society’s future than pensions" (Sem comentários, além dos já feitos e repetidos no blogue sobre a conspiração da geração do Maio de 68 para colocar toda a sociedade a servi-los, os TuTuTu)
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The populist answer to these questions is that we are all about to pay for the greed of the bankers. But this is not true. According to IMF calculations, the credit crunch, bank bailouts and recession only account for 14 per cent of the expected increase in Britain’s public debt burden. The remaining 86 per cent of the long-term fiscal pressure is caused by the growth of public spending on health, pensions and long-term care. The credit crunch and recession did not create the present pressures on public borrowing and spending. They merely brought forward an age-related fiscal crisis that would have become inevitable, as by 2020 the majority of the baby-boomers will be retired.
.
The rational solution to this fiscal crisis would be for governments to reduce their spending on pensions, health and longterm care. Yet these are precisely the “entitlements” protected and ring-fenced by politicians, not just in Britain but also in America and many European countries, even as other government programmes are ruthlessly cut.
.
The politics of the next decade will be dominated by a battle over public spending and taxes between the generations. Young people will realise that different categories of public spending are in direct conflict — if they want more spending on schools, universities and environmental improvements they must vote for cuts in health and pensions.
.
Schools and universities are more important for a society’s future than pensions" (Sem comentários, além dos já feitos e repetidos no blogue sobre a conspiração da geração do Maio de 68 para colocar toda a sociedade a servi-los, os TuTuTu)
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Estranho, era uma forma eufemística de relacionar "zona daquelas" com este sentimento "As Cajas de surpresas"
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Pedro Guerreiro a corroborar o meu sentimento de que o puppet-maker-and-master em Portugal é Ricardo Salgado do BES "Esta PT acabou, venha a próxima":
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"O negócio não foi decidido nem em São Bento nem no Fórum Picoas. Foi na Avenida da Liberdade, 195. É essa a morada dos centros de decisão nacionais. Foi o BES que aceitou negociar a oferta."
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"Passos Coelho admite que Portugal poderá ter de recorrer ao Fundo de Emergência Europeu" ou seja, o Dia do Juízo Final aproxima-se a galope.
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"Quando se afirma algo, pode estar a afirmar-se exactamente o contrário" a propósito de "Top Central Banks Not Planning Shift Out of Euro".
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