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Laurence J. Kotlikoff, Scott Burns, «The Coming Generational Storm : What You Need to Know about America's Economic Future»

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In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the Bush administration's spending and tax policies have charted a course straight into the coming generational storm.

Kotlikoff and Burns take us on a guided tour of our generational imbalance: There's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending. Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security and Medicare, that are simple, straightforward, and geared to attract support from both political parties.

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	Technical The Coming Generational Storm: What You Need to Know about America%27s Economic Author: Laurence J. Kotlikoff, Scott BurnsPublisher: The MIT PressPublish Date: 01 March, 2004ISBN: 0262112868
	Business The Coming Generational Storm What You Need to Know about Americas Economic Future
	Technical The Coming Generational Storm What You Need to Know about Americas Economic Future
	Economics/Finances The Coming Generational Storm What You Need to Know about Americas Economic Future In 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will Social Security and Medicare function with fewer w ...
	Encyclopedias The Coming Generational Storm: What You Need to Know about America's Economic Future (Repost) The Coming Generational Storm: What You Need to Know about America's Economic Future Publisher: The MIT Press \| ISBN: 0262112868 \| edition 2004 \| PDF \| 305 pages \| 13,5 mbIn 2030, as 77 million baby boomers hobble into old age, walkers wil ...
	The Coming Generational Storm: What You Need to Know about America Author: Laurence J. Kotlikoff, Scott BurnsPublisher: The MIT Press (2005)Binding: Paperback, 302 pagespricer: $18.95ISBN-10: 0262612089editorialreviewsOne of Library Journal's Best Business Books of 2004, A Forbes.com Top Ten Business Book ...

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