Baby Boomers will not be rushing to raise taxes on themselves, as Michael Kinsley proposes they do to save America's fiscal future, but sooner or later they are going to be out of the picture and the reality of today's economy will have to be dealt with—and that reality is much more familiar to Generation X than the Boomers.
interesting that Kinsley tries to shift the blame for our economic woes
from Boomers to the Greatest Generation because of, get this,
entitlements. But really, are entitlements (like Social Security and
Medicare) the problem, per se, or is it the inability of the political
leadership to manage them responsibly? The last time that real tax and
entitlement reforms were enacted in a bipartisan fashion was in the
1980s—before Boomers took charge. Since then the boomers have been
grinding the political process to a halt as government budget disasters
loom. Meanwhile boomers have remade the financial economy into a "great
vampire squid wrapped around the face of humanity, relentlessly jamming
its blood funnel into anything that smells like money," in the words of
Matt Taibbi on Goldman Sachs.
Or perhaps shifting the blame is just Kinsley's tactical move to convince his fellow boomers to fulfill the promise of their generation by saving the economy for the next generation. If so, it's a commendable thought but like most Boomer ideas, totally unrealistic. It's about as likely as Jay Leno stepping aside for Conan O'Brien. Or to put it in political context, analyst Charlie Cook noted during the presidential campaign between Obama and McCain that white Boomers were the least likely to vote for Obama. Why? Cook speculated that Obama's "difficulty [is] that these are voters in their prime earnings years, when they are most sensitive to the issue of taxes."
So enough about boomers—no, really, enough about the Boomers—what about us Gen Xers, the real clean-up crew? While social upheaval and world wars marked previous generations in their formative years, the boom-and-bust economy has been defining the Gen X experience from the moment we entered the labor force. Unrelenting economic upheaval has had far-reaching consequences, changing nearly all aspects of everyday life —from how we work, where we live, how we play, when and if we marry and raise our children, to our attitudes about love, humor, friendship, happiness, and personal fulfillment.
Of course, Kinsely rightly notes that it can be folly to even discuss a generational experience in anything but the broadest terms. Is the Gen X experience like Michael J. Fox as Alex P. Keaton, the Reagan Republican of "Family Ties," or Ethan Hawke as any number of over-educated slacker characters, or maybe it's John Cusak as Lloyd Dobler in "Say Anything," who said: "I don't want to sell anything, buy anything, or process anything as a career. I don't want to sell anything bought or processed, or buy anything sold or processed, or process anything sold, bought, or processed, or repair anything sold, bought, or processed. You know, as a career, I don't want to do that."