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Besides, I'd wager a friendly $10 right now, publicly, that when your daughter's friends are running things it will be exactly the same.
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Mike, you never know really. Every generation is different. Think of the people of the depression. This generation saved everything they had, real penny-pinchers. Very practical. They save everywhere they could, and usually left pretty good inheretances.
The babyboomers are pretty big spenders. They like houses they cant afford, huge SUV's, RV's and a pool out back that they dont use. Most have nothing saved and have spent any inheretance they recieved.
I believe that we're going to have to wait before we see what the 20 somethings are going to end up doing. Most of us have been allowed to "let kids be kids". As such many of my generation are very immature and childish. It will change, we'll see. Hopefully it gets better.
POINT 2.
All this talk of oil. People act like all of a sudden we're faced with this imminent threat. Guys...People have been warning the government for over 30years. Go to google and type in PEAK OIL. You will see what is happening along with forcasts for the next 30 years. The surprise is that most of these warnings were written in the '70s. Bush comes from a oil family. Surely they are familiar with the term "Peak Oil". I beleive they are one step ahead and ensuring their own prosperity and survival. But that's my opinion.
http://bushwatch.org/family.htm