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How well off will the US' younger generation be? shattering of the American Dream?
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« Autopsy of the US financial system, by Ross LevineMilton Friedman's ideas should have a stronger long-term impact, as we see from current developments »

How well off will the US' younger generation be? shattering of the American Dream?

05/05/12


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How well off will the US' younger generation be? shattering of the American Dream?

Permalink 09:44:38 am, by editor of MarketObservation.com Email , 106 words   English (US)

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Categories: Economics United States

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Project Syndicate: Richard Evans, Laurence J. Kotlikoff, Kerk L. Phillips, Shattering the American dream: The US government’s Ponzi scheme, May 4, 2012

The sustainability of government finances is very much the topic of the day. But the issue poses serious questions for the future, particularly how well off today’s younger generations will be compared with their parents. This column argues that the Ponzi scheme being played by the US government amounts to "fiscal child abuse" and is close to game over. For today's children the American dream will be just that – a dream. read moe on Project Syndicate

Keywords: US Economy, US Social Security System, US Re-Distribution

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