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Our Debt is a Generational Issue
Posted at 8 a.m. on Jan. 30
While the debate around the growing national debt has focused largely on class divisions, Evan Soltas makes the case that the true problem is “based not on income but on age.”
“The coming generation of retirees hasn’t paid nearly enough in taxes to cover the costs of the pensions and medical care it has promised itself… That means young Americans — and those yet to be born — will face an ugly decision. Either they can cover their parents’ and grandparents’ bills by raising their own taxes, or they can cut their elderly relatives’ benefits.”
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