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The Candy Store Generation: How the Baby Boomers Are Screwing Up America
A look at the political performance of the Baby Boomers. How have they done running Congress? How have they done in the presidency? How have they done in charge of corporate America? How bad has it become under their leadership in all parts of our nation? What can we expect in the next decade of their leadership? Who will rescue us from their awful performance?
The financial condition of the U.S.A. resembles a sinking ship. Excess of spending over revenues as far as can reasonably be predicted. Debt being piled up year after year. Interest payments poised to soar when the unsustainably low rates of 2012 return to normal levels.
At the helm of this ship of state are the Baby Boomers. They dominate the electorate, our legislative bodies, our corporate leadership, even our workplace. They seem unaware of the problem of enacting a new entitlement program every ten years, by which they guarantee that their pleasant retirement will be paid with other people's money. They are children in a candy store, on a sugar high, and without concern that they are stealing their children's retirement and their grandchildren's college funds.
In THE CANDY STORE GENERATION: HOW THE BABY BOOMERS ARE SCREWING UP AMERICA, David Todd analyses the political and financial leadership of the Boomers—his generation—and finds them wanting. Using a mixture of research, his own recollections of living through it, and financial projections from the Congressional Budget Office and other sources, Todd shows how the Boomers' expectations of what government should do for them is causing a disaster for our nation.
This is not a call to arms, but rather a warning shot across the bow. Others have written this very thing, and political commentators have shouted this from their platforms, yet the Baby Boomers remain children in a candy store, still oblivious to the harm they are doing. Perhaps it takes a common voter saying it to nudge the ship on a different course.
The financial condition of the U.S.A. resembles a sinking ship. Excess of spending over revenues as far as can reasonably be predicted. Debt being piled up year after year. Interest payments poised to soar when the unsustainably low rates of 2012 return to normal levels.
At the helm of this ship of state are the Baby Boomers. They dominate the electorate, our legislative bodies, our corporate leadership, even our workplace. They seem unaware of the problem of enacting a new entitlement program every ten years, by which they guarantee that their pleasant retirement will be paid with other people's money. They are children in a candy store, on a sugar high, and without concern that they are stealing their children's retirement and their grandchildren's college funds.
In THE CANDY STORE GENERATION: HOW THE BABY BOOMERS ARE SCREWING UP AMERICA, David Todd analyses the political and financial leadership of the Boomers—his generation—and finds them wanting. Using a mixture of research, his own recollections of living through it, and financial projections from the Congressional Budget Office and other sources, Todd shows how the Boomers' expectations of what government should do for them is causing a disaster for our nation.
This is not a call to arms, but rather a warning shot across the bow. Others have written this very thing, and political commentators have shouted this from their platforms, yet the Baby Boomers remain children in a candy store, still oblivious to the harm they are doing. Perhaps it takes a common voter saying it to nudge the ship on a different course.
206 pages, Paperback
First published July 12, 2012
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