The Candy Store Generation: How the Baby Boomers are Screwing Up America
by David Todd
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, how 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.
- David Todd, July 2012
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