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Saturday, May 12, 2007

Reality bites: day of reckoning for the "Me Generation"

The Washington Post's economic columnist Bob Samuelson, a boomer himself, estimates that sustaining present benefit levels could require tax increases of 30 percent to 50 percent by 2030. Moreover, he expects boomers to be dissatisfied with present benefits and to lobby for more. He characterizes his generation as one of "careless self-absorption committing a political and economic crime against our children and perhaps -- when they awaken to their victimization -- even ourselves."

"Today Is the Tomorrow Boomers Didn't Worry About Yesterday"
Seattle Post-Intelligencer

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