Day: May 20, 2009

Boomer flu on social networks: Fear the pandemic

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FacebookIt’s out there and there’s no stopping it. I mean old people taking over Facebook and Twitter:

Still, there’s no shortage of anecdotal evidence that sharing the online world can be a source of intergenerational strife. Take Will Smith (no, not the actor), for example. When this 33-year-old tech professional received a Facebook friend request from his father in March, he was floored. Not because he didn’t want to connect with his dad, but because doing so on the same network that he shared with so many peers and colleagues raised a host of complex concerns.

“My father, who I dearly love, has a tendency to forward e-mails that are off pretty off-color,” says Smith. “It’s probably nothing that would get me fired, but stuff that could earn me a trip to HR, if I ever opened them [at work]. My concern was that he would post that type of message on my Wall or in another public venue on Facebook without realizing it was a public venue. Since everyone from my immediate supervisor to the president of my company is in my friend list, there’s potential for bad things to happen. I don’t think anything actually would, but there was strong potential for embarrassment.”

To reduce the likelihood of a career-damaging dust-up, Smith sent his dad an e-mail in which he laid out what he considered reasonable limits for their online father-son bonding. Off-limits: “Politics, sex, jokes, things you find funny but offend me, comments about family members, any combination of the aforementioned items, and pretty much every e-mail you’ve ever sent me.”

Ultimately, Smith’s worst-case scenario never came to pass and—perhaps because that e-mail—his father never logged back into Facebook. But according to data from the Pew Internet & American Life Project, people of the same age as Smith’s father are logging onto Facebook in droves, and Baby Boomers are now the fastest growing population on the social network.

Ultimately, disaster was averted in this case. But it’ll only be a matter of time before mom or dad is tweaking you with a “Yoo hoo, honey!” for all your friends to see.

Medicare has a gun to your head

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John Stossel at Townhall.com reports on how Medicaid is a drag on our economy that is only going to get worse:
“The government spends around $6 on seniors for every dollar
it spends on children, and yet the poverty rate among children is far
higher,” said Andrew Biggs of the American Enterprise Institute
(www.aei.org).
The federal government stiffs the young in favor of the old.
So I told the La Posada seniors that the kids called them
“greedy geezers.” They said, “We’ve paid our dues.” Money was taken
from every paycheck they earned.
But, in fact, the average Medicare beneficiary today collects two to three times more money than he paid in.
“I would argue that this is not only unfair, it’s downright immoral,” says billionaire Pete Peterson.
Peterson is a rarity: a senior who decided he cannot in good
conscience accept Medicare. He and his foundation (www.pgpf.org) worry
about the looming fiscal disaster. When Medicare began in 1965, six
working-aged people paid for each Medicare recipient. Now the figure is
four. It will get worse as baby boomers like me retire.
Medicare is unsustainable.
“There is $34 trillion sitting off the balance sheet, waiting for future generations to pay,” Herzlinger said.
That’s how much more Medicare money government has promised than it has budgeted. It’s the price of about 30 Iraq Wars.
Stossel says that calls to lower health care costs won’t have much effect, according to figures by the Congressional Budget Office. And there is fat chance it will be changed by vote, since seniors are a much more cohesive voting bloc than younger people.

John Stossel at Townhall.com reports on how Medicaid is a drag on our economy that is only going to get worse:

“This program, Medicare, is essentially ripping my generation off,” Zach Hadaway said.

Policy experts say the kids are right.

“The government spends around $6 on seniors for every dollar it spends on children, and yet the poverty rate among children is far higher,” said Andrew Biggs of the American Enterprise Institute (www.aei.org).

The federal government stiffs the young in favor of the old.

So I told the La Posada seniors that the kids called them “greedy geezers.” They said, “We’ve paid our dues.” Money was taken from every paycheck they earned.

But, in fact, the average Medicare beneficiary today collects two to three times more money than he paid in.

“I would argue that this is not only unfair, it’s downright immoral,” says billionaire Pete Peterson.

Peterson is a rarity: a senior who decided he cannot in good conscience accept Medicare. He and his foundation (www.pgpf.org) worry about the looming fiscal disaster. When Medicare began in 1965, six working-aged people paid for each Medicare recipient. Now the figure is four. It will get worse as baby boomers like me retire.

Medicare is unsustainable.

“There is $34 trillion sitting off the balance sheet, waiting for future generations to pay,” Herzlinger said.

That’s how much more Medicare money government has promised than it has budgeted. It’s the price of about 30 Iraq Wars.

Stossel says that calls to lower health care costs won’t have much effect, according to figures by the Congressional Budget Office. And there is fat chance it will be changed by vote, since seniors are a much more cohesive voting bloc than younger people.