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Title: The Coming Generational Storm: What You Need to Know about America's Economic Future by Laurence J. Kotlikoff, Scott Burns ISBN: 0-262-11286-8 Publisher: MIT Press Pub. Date: 01 March, 2004 Format: Hardcover Volumes: 1 List Price(USD): $27.95

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Average Customer Rating: 4.44 (9 reviews)

Rating: 5
Summary: Carolynn
Comment: You know its time for Social Security Reform when you start yelling at your mother. I proposed means testing and raising the retirement age, she said, "That's not fair!"...and which point I found my self yelling, "I pay into Social Security and I'm not going to get any of it, thats not --explitive deleted-- fair!"

I have long felt that I could live without recieving Social Security -- it was just going to be a fact of life. But then Congress went and passed the Medicare prescription drug benefits and I am now filled with rage.

The book has lots of formulas and explanations that boil down to "young people today pay for old people today, there aren't going to be enough young people to pay for the old people of tomorrow." It then delves into excrutiating detail to what extent the government has tried to cover this up.

What is really useful about this book is that at the end they give you practical advice about how to protect yourself. To my fellow 20 and 30 somethings...good luck. I'd say start voting, but it doesn't seem like anyone is willing to address this issue. I wrote all my senators and congressmen begging them to reform the Med. prescription bill...and all I got back was self congradulatory letters for passing the bill as it is! Grumble.

Rating: 5
Summary: The Coming Generational Storm : What You Need to Know about
Comment: Kotlikoff (economics, Boston Univ.) and personal finance writer Burns paint a bleak picture of the future U.S. economy. They claim that a "generational storm" will occur when baby boomers start to retire, leaving fewer people in the workforce to support the massive programs on which the boomers will be depending. Focusing on three programs that they feel are ailing-Social Security, Medicare, and Medicaid-the authors argue that administrations past and present have misled the public on the health of the economy and that our children will be left with a huge financial burden if the government continues on its course of fiscal irresponsibility. The first chapter details the aging population, and the entire text is heavy on statistics and calculated financial scenarios. The authors end by outlining their own solutions to the troubled economy. This is a sobering look at an impending crisis with implications for all of us. Recommended for all collections

Rating: 5
Summary: great read
Comment: For more great recommendations, please visit:
http://www.campaign2004.com/

There's a lot of great info on John Kerry, George W Bush, and their bids for Campaign 2004 during the November 2004 Presidential Election.

http://www.campaign2004.com/

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