The idea that baby boomers weren't paying enough taxes to cover their social security benefits has been well understood for 20 years or more. Nothing has been done about it yet. Now, of course, it is too late to ask them to pay their share because they are too old to pay and too close to retirement to adjust to changes in their plans. Now that we're close enough to seal the deal for the boomers, we're going to "fix" the problem by cutting benefits for the next generation.
Folks at 25 or 30 years old today aren't going to get Social Security at 65 or 67.
They are also going to cut the mortgage interest deduction, pouring gasoline on top of the housing market debacle that is crushing the middle class, and they are going to cut income taxes for the super wealthy.
After not doing anything at all about the civil liberties issues that prompted many young people to vote for him, Obama is going to turn around fuck our economic future. Go team Obama!
You are getting fucked because you are not a large enough demographic group to matter politically.
Debt Commissioners: Baby Boomers Will Crush Social Security, Medicare - FoxNews.com