You can thank The Baby Booomers' parents for that. SSI is the biggest ponzi scheme ever -- and the bill gets bigger as time goes by.
It has nothing to do with the accumulation or lack thereof of wealth by the Boomers.
Look at where the wealth is now: it is in the hands of the Boomers -- who earned it.
Your analysis is 100% wrong.
So the Mercedes given to the 16 year old, the have-to-have cell phones, brand new designer clothes every school year, the best and newest game systems, and the tv babysitter? The Baby Boomer parents were involved in none of that? Don’t get me wrong, I’m not gonna generalize about them either, but that is the MO of MOST Boomers that became parents.
Note that it was Baby Boomers who added more recipients to SSI.
Look at where the wealth is now: it is in the hands of the Boomers -- who earned it.
LOL!
Throwing the public deeper into debt and pointing to wealth held in private hands is exactly the point.
It's like a kid running up his parents' credit card bills but then pointing to the cash in his wallet as wealth...except the Baby Boomers have run up the credit card of their children and grandchildren.