From the CBO 2002(Prior to the Medicare Rx plan introduction)
We're going to by hampered our entire working lifetimes of mandatory outlays for Medicare and Social Security that will be greater than discretionary income, we wil see our infrastructure slowly crumble as the previous generation uses its large numbers as a voting bloc to maintain their subsidies, and no politician willing to faceoff against the AARP.
To top it all off, when we are nearing retirement, we'll be outnumbered by younger generations because of immigration, limitingour voting power to maintain the status quo for our own retirement and medical security.
While each American is responsible for his/her own outcome, in many ways we will be trapped inside a rigged system if we want to strive for the illustrious American dream.
Even saying this, I presume most Freepers will strive and succeed, but along the way we'll be paying for the long term negative savings rate amongst the baby boomer generation and our own generation.