Thursday, June 9, 2011

The Ugliest Characteristic of the Unfunded Liablities Monster - The Baby Boomer Pop

The Unfunded Liabilities Monster's stomach is rumbling, it is about to pop, it is - the Baby Boom.

"...when those boomers start retiring en masse, then that will be a tsunami of spending that could swamp, our ship of state."

- David Walker, Former Head of the Government Accountability Office and Former President of the Peter G. Peterson Foundation

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