Take the following as truth: The good news about the near future will be bad news for the long run if it leads the president and Congress to put forward a plausible balanced-budget plan without beginning the dramatic Medicare, Medicaid, and Social Security reforms that are required to avoid an economic catastrophe soon after 2010, when baby boomers will retire.
Then the following statement: "The baby boomers all retired last year." is true, false, or inconclusive?
Answer: False