Stop Blaming The Baby Boomers

Submitted by Dean Baker on September 20, 2007 - 11:49am.

Guest blogger Dean Baker is co-director of the Center for Economic and Policy Research.

Over the last two decades, there has been an effort by the enemies of Social Security and Medicare to demonize the baby boomers as a threat to country’s prosperity and the well-being of our children and grandchildren.

They have repeatedly warned of the enormous projected cost of Social Security and Medicare and called on the current or future elderly to sacrifice their benefits under these programs for the common good. We heard endless tales of $70 trillion dollar-plus deficits and how our children and grandchildren would face crushing tax burdens unless the greedy soon to be geezers accepted large cuts in their Social Security and Medicare benefits.