"Starting in 2010, the baby-boom generation will begin to retire—and to place huge burdens on Social Security and Medicare. The numbers here are staggering. One 2003 study from the American Enterprise Institute put the total unfunded liabilities at $44 trillion (four times America's GDP); Medicare alone could eat up $20 trillion. Rather than prepare for this challenge, the Bush administration has run away from it; indeed, in 2003, it massively extended Medicare, subsidizing drugs for retired people, without any fundamental reforms. The same AEI paper claims that waiting till 2008 to try to fix the problem of entitlements will increase the total liability to $54 trillion."
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Citing Jagadeesh Gokhale and Kent Smetters, "Fiscal and Generational Imbalances".
https://en.wikiquote.org/wiki/The_Right_Nation
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The Right Nation
The Right Nation , a book by John Micklethwait and Adrian Wooldridge. It was published in 2004 and charts the rise of the Republican Party in the United States since Barry Goldwater's defeat in 1964.
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