Daniels Blasts His Own Generation

I have definitely learned my lesson about getting too excited about any politician. However, I did find this recent commencement speech at Butler University by Governor Mitch Daniels of Indiana extremely powerful, entertaining, and prescient.

The money sections:

....Along with most of your faculty and parents, I belong to the most discussed, debated and analyzed generation of all time, the so-called Baby Boomers. By the accepted definition, the youngest of us is now forty-five, so the record is pretty much on the books, and the time for verdicts can begin.

Which leads me to congratulate you in advance. As a generation, you are off to an excellent start. You have taken the first savvy step on the road to distinction, which is to follow a weak act. I wish I could claim otherwise, but we Baby Boomers are likely to be remembered by history for our numbers, and little else, at least little else that is admirable.

We Boomers were the children that the Second World War was fought for. Parents who had endured both war and the Great Depression devoted themselves sacrificially to ensuring us a better life than they had. We were pampered in ways no children in human history would recognize. With minor exceptions, we have lived in blissfully fortunate times. The numbers of us who perished in plagues, in famine, or in combat were tiny in comparison to previous generations of Americans, to say nothing of humanity elsewhere.

All our lives, it's been all about us. We were the "Me Generation." We wore t-shirts that said "If it feels good, do it." The year of my high school commencement, a hit song featured the immortal lyric "Sha-la-la-la-la-la, live for today." As a group, we have been self-centered, self-absorbed, self-indulgent, and all too often just plain selfish. Our current Baby Boomer President has written two eloquent, erudite books, both about..himself.

As a generation, we did tend to live for today. We have spent more and saved less than any previous Americans. Year after year, regardless which party we picked to lead the country, we ran up deficits that have multiplied the debt you and your children will be paying off your entire working lives. Far more burdensome to you mathematically, we voted ourselves increasing levels of Social Security pensions and Medicare health care benefits, but never summoned the political maturity to put those programs on anything resembling a sound actuarial footing.

In sum, our parents scrimped and saved to provide us a better living standard than theirs; we borrowed and splurged and will leave you a staggering pile of bills to pay. It's been a blast; good luck cleaning up after us.

.....Among the reasons I usually duck commencements is the danger of lapsing into clichés, and I'd bet that no cliché is more worn out on these occasions than the phrase "standing on the shoulders of giants." Like all such phrases, it was inventive and interesting when Sir Isaac Newton coined it, but centuries later it's overdue for retirement. In one commencement speech I read about, our current Secretary of State managed to use it twice in a single paragraph.

Today, if you are thinking about standing on the shoulders of the past generation, I'd say "Please don't."