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The Baby Boomer Generation is a source for trends, research, comment and discussion of and by people born from 1946 - 1964.
Covering issues on the Boomer Generation including original content for Boomers, bulletin boards, user comments, Sixties and Seventies music, Baby Boomer culture, health and coverage of issues for "Aging Hipsters." |
November 22, 2003
5 Trillion Budget Deficit Looms for Boomers
The Committee for Economic Development, the Concord Coalition and the Center on Budget and Policy Priorities held a joint policy briefing on Monday, September 29 at the National Press Club to discuss the rapidly deteriorating budget outlook and the policy, economic, and generational impact of rising long-term federal deficits.
The group is predicting a 5 trillion budget deficit and "with just a few years remaining before the Baby Boomers' retirement, the government is on course to squander its final opportunity to prepare for that event by reducing national debt.
The CED report is available here. (PDF download)
Posted on November 22, 2003 9:10 AM
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