Friday, October 5, 2012

Generational Warfare: The Case Against Parasitic Baby Boomers - NationalJournal.com

Generational Warfare: The Case Against Parasitic Baby Boomers - NationalJournal.com: "Brigham Young University economists Richard Evans and Kerk Phillips and Boston University economist Laurence Kotlikoff published a paper in January that projected a 1-in-3 chance that the U.S. economy will reach “game over” within 30 years. In their definition, “game over” means that the government’s obligations to seniors (thanks again, boomers) will exceed 100 percent of everyone else’s earnings. In other words, all the young workers in America together won’t earn enough to pay down the government’s obligations to their parents."

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