Armstrong Economics Blog/Politics Re-Posted Jun 13, 2022 by Martin Armstrong
The 117th Congress is the oldest in American history. Former President Trump attempted to enact term limits. However, he failed to gain the two-thirds majority in either chamber needed to amend the Constitution. Joe Biden is the oldest president in history and will be 82 by the time his first, hopefully only, term ends in 2024. Biden and many other career politicians have spent the majority of their lives in power. Yet, they have made no improvements to our society. There are countless examples showing Biden’s cognitive decline due to age or possible dementia that can no longer be ignored.
The Silent Generation (1928-1945) represents 12.4% of Congress. The vast majority falls in the Boomer generation (1946-1964), representing 56.3% of Congress. In comparison, the Boomer generation represents only 23.7% of the US population. Nancy Pelosi, third in line for the presidency, is already at the ripe age of 82. She was born during World War II and grew up in a completely different version of America.
As a reminder, the average age of retirement in the US is 62. Once these politicians taste power, they will never relinquish it willingly. There are no checks and balances to ensure that these lawmakers stay up to date with the current trends or concerns of the people. I would not be surprised if numerous members of Congress were unable to use a computer.
These lawmakers do not represent the people. They are of a different generation and world, and their outdated policies reflect this well. They are making decisions for the future of a nation that they will not live to see.