OT: Our Kids Will Pay the Bill



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Topic: Religions > Atheism
User: "maff"
Date: 04 Jan 2004 02:22:35 PM
Object: OT: Our Kids Will Pay the Bill
Our Kids Will Pay the Bill
http://msnbc.msn.com/id/3867393/
Everyone knows the retirement of the baby boomers will create crushing
problems—but no one wants to do anything about them
By Robert J. Samuelson
Newsweek
Jan. 12 issue - Just for the record, the Congressional Budget Office
recently issued a report telling us what everyone already knows: the
federal budget is drifting into a future of unprecedented tax
in-creases, huge deficits or both. This is no secret because the great
driving force of change is the impending retirement of 77 million baby
boomers and their heavy claims on federal retirement programs. But in
Washington, the CBO's irrefutable conclusion won't produce any
noticeable reaction because there's already a firmly established
bipartisan policy concerning the future: forget about it.
Robert J. Samuelson
http://groups.google.com/groups?hl=en&lr=&ie=UTF-8&oe=UTF-8&selm=18510aff.0311291232.3b6dcc13%40posting.google.com
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