“..I’m mildly impressed that he’s even bothering to mount a defense.
The facts as I see them are clear and damning: Baby boomers took the economic equivalent of a king salmon from their parents -
- and before they passed it on – gobbled up everything but the bones.
Ultimately, members of my father’s generation — generally defined as those born between 1946 and 1964 —
- are reaping more than they sowed.
They graduated smack into one of the strongest economic expansions in American history.
They needed less education to snag a decent-salaried job than their children do -
- and a college education cost them a small fraction of what it did for their children – or will for their grandkids.
One income was sufficient to get a family ahead economically.
Marginal federal income-tax rates have fallen steadily – with rare exception – since boomers entered the labor force -
- government retirement benefits have proliferated.
At nearly every point in their lives these Americans chose to slough the costs of those tax cuts and spending hikes onto future generations….”
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