…for the longer life span of the generation paying the tax. He claims that there was a negative COLA. There wasn’t. He seems to think the difference between the December…

…go (almost) at perhaps a slightly higher tax rate to pay for the longer life span of the generation paying the tax. He claims that there was a negative COLA….

…the young) go to pay today’s medical bills (mostly of the old). As long as this pay as you go is understood and continues from generation to generation, the problem…

Ken Houghton is talkin’ about his generation. Pete Davis, Mark Thoma (who at least has the decency to phrase it in the form of a question), N. Gregory Mankiw, and…

…his generation, veterans of World War II, he didn’t talk about it much. He held his memories close to his chest. If he talked to anyone about them, I didn’t…

…of Unfunded Obligations for Past and Current Participants was $16.3 trillion Why does this value grow so much from year to year? Well it is not because the Greatest Generation…

…worse for business, worse for you, and worse for the next generation. And I refuse to let that happen. I understand that when the last administration asked this Congress to…

…means screwing over the Boomers? Too bad, they got us into this mess. And older generations? Well heck they got more out than they ever put in. (ed. the Backwards…

…whole lot once you adjust the total for inflation, in constant dollars it works out to about $120 billion a year. But it never stops. Generation after generation ends up…

…best studies on income mobility are the new series of studies that look at lifetime earnings and compare lifetime earnings of one generation to the lifetime earnings of their parents…