Word: boomerism
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...Australia has been transformed during the past decade. Globalization, the Internet, terrorism and the rise of China, among other things, have dictated the velocity and form of change. As well, demographics - the ageing of the baby boomer cohort and immigration - is having a dynamic effect. For politicians, the modern condition means an electorate that is demanding, less tribal and more materialistic. In general, Australians are older, wealthier, deeper in debt, unsettled by events beyond the country's shores, and lead their private lives in anything but conventional ways. What has Howard contributed - and what has he taken away...
...Wars story has been around literally for decades; the Daddy Dilemma is only slowly catching up, partly because the economy has changed and pressures have grown, but also because attitudes evolve as well. Men born after 1965 spend over 50% more time with their kids on workdays than baby boomer dads with kids the same age: 3.4 hours, vs. 2.2 hours for the boomer dads...
...Cheney is too old to be a baby boomer, but his five draft deferments during the Vietnam War make him an honorary member of the tribe, as does his infamous explanation of why he didn't fight: "I had other priorities." The failure to serve-and the relative safety and affluence of our upbringing-has been a defining quality of so many baby boomers who have come to political power, and there have been consequences. Bill Clinton often seemed daunted and uncertain in his dealings with the military. Bush and Cheney have been the opposite. They rushed...
...reducing the gst from 7% to 5% suggests that the mainstream has already shifted rightward. As in other Western industrial powers, traditional support in Canada for government social spending is now tempered by worries about high taxes, devalued retirement portfolios and personal financial security--particularly in the bulging boomer generation whose oldest members are entering their 60s. Canada's center-left political parties have taken note of the trend: the Boxing Day shooting in Toronto left even the New Democrats scrambling to articulate a tough-on-crime policy. Jason Clemens, an economist at the conservative Fraser Institute, predicts that Harper...
...need to cut the rate of growth of those programs," Bolten said. No amount of tax increases or spending cuts in the regular budget would be enough to cover the looming costs of baby-boomer retirees, he said. "Medicare must be put on a path toward a more market-oriented system," Bolten said. "We're ultimately going to have to look at whether the system needs to be more means-tested," referring to differences in benefits depending on income...