How The Baby Boomers Are Bankrupting America

congress washington us u.s. capitol building

congress washington us u.s. capitol building

The U.S. Capitol Building. (Zach Gibson/Getty Images)

BOSTON (WBZ-AM) -- It is one of the most beautiful things about being an American – the understanding that in this nation of immigrants, the goal of each generation is, or should be, to try to leave the next generation a country that is better off, with the expectation that doing so will set the next generation up to do a little better that you did.

Once upon a time, for many if not all of us, that understanding compelled a commitment to civic life, to serving in the military, entering public service, volunteering, reinvesting, paying your taxes. And it required thinking of the impact on future generations before making a move.

But as David Grasso, a 33-year-old expert in “millennial economic empowerment” points out in a column for CNN, that understanding and commitment seems to have escaped the baby boomers, the generation born between 1945 and 1965 that is currently running the show in Washington.

For the second time in a decade, notes Grasso, “Washington has once again come to rely on what's being treated as an infinite supply of debt just to fund regular operations. In the midst of the best economy we've seen in recent years, instead of saving for a rainy day, we're pursuing policies that are creating ever-yawning public deficits.”

And guess who will be stuck with the bill for the bipartisan fiscal irresponsibility that has pursued spending over saving, tax cuts over reinvestment, short-term Band-aids over serious policymaking?

If you’re under 50, it’ll be you.

And you will have ample opportunity to contemplate just how thoughtless and selfish the aptly-named “me generation” has been.

You can listen to Keller At Large on WBZ News Radio every weekday at 7:55 a.m. Listen to his previous podcasts on iHeartRadio. 

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