{"product_id":"used-very-good-the-coming-generational-storm-what-you-need-to-know-about-americas-economic-future-laurence-j-kotlikoff-hardcover","title":"Used - Very Good | The Coming Generational Storm: What You Need to Know about America's Economic Future -- Laurence J. Kotlikoff, Hardcover","description":"\u003cp\u003e\u003cstrong\u003eCondition: Used - Very Good.\u003c\/strong\u003e This is one pre-owned copy.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eCondition notes:\u003c\/strong\u003e Very Good. Light wear to the cover and edges. Binding tight; pages clean with at most very limited markings.\u003c\/p\u003e\n\u003cp\u003eOne of Library Journal's Best Business Books of 2004, Winner in the category of Economics in the 2004 Professional\/Scholarly Publishing Annual Awards Competition presented by the Association of American Publishers, Inc. and CHOICE Outstanding Academic Title for 2004\u003c\/p\u003e\n\u003cp\u003eIn 2030, as 77 million baby boomers hobble into old age, walkers will outnumber strollers; there will be twice as many retirees as there are today but only 18 percent more workers. How will America handle this demographic overload? How will Social Security and Medicare function with fewer working taxpayers to support these programs? According to Laurence Kotlikoff and Scott Burns, if our government continues on the course it has set, we'll see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability. The government has lost its compass, say Kotlikoff and Burns, and the current administration is heading straight into the coming generational storm.\u003c\/p\u003e\n\u003cp\u003eBut don't panic. To solve a problem you must first understand it. Kotlikoff and Burns take us on a guided tour of our generational imbalance, first introducing us to the baby boomers— their long retirement years and \"the protracted delay in their departure to the next world.\" Then there's the \"fiscal child abuse\" that will double the taxes paid by the next generation. There's also the \"deficit delusion\" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending.\u003c\/p\u003e\n\u003cp\u003eSo how can the United States avoid this demographic\/fiscal collision? Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security, and Medicare. Their proposals are simple, straightforward, and geared to attract support from both political parties. But just in case politicians won't take the political risk to chart a new direction, Kotlikoff and Burns also offer a \"life jacket\"— guidelines for individuals to protect their financial health and retirement.\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003eAuthor:\u003c\/strong\u003e Laurence J. Kotlikoff\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePublisher:\u003c\/strong\u003e Mit Pr\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePublished:\u003c\/strong\u003e 2004\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003ePages:\u003c\/strong\u003e 274\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eFormat:\u003c\/strong\u003e Hardcover\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eISBN:\u003c\/strong\u003e 9780262112864\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Laurence J. Kotlikoff","offers":[{"title":"Default Title","offer_id":67969617428708,"sku":"FRK000000811","price":3.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0611\/9587\/8628\/files\/11DB3XXJRCL.jpg?v=1793124356","url":"https:\/\/bookandmortar.com\/products\/used-very-good-the-coming-generational-storm-what-you-need-to-know-about-americas-economic-future-laurence-j-kotlikoff-hardcover","provider":"BookandMortar","version":"1.0","type":"link"}