The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy
"The United States doesn't have a problem with debt it cannot pay, but rather with promises it cannot keep--promises to older Americans that, as things stand now, will bankrupt younger Americans. Intensely informative and entertaining at the same time,The Clash of Generationswill lead you through the fiscal minefield that lies in our nation's future path and show you the way safely out of it. If you care about your grandchildren and the nation they will inhabit, you owe it to yourself and to them to read this book."--William J. Bernstein, author ofThe Investor's ManifestoandA Splendid Exchange"Economics doesn't get better or more disturbing than this.The Clash of Generationswill tell you things you never knew and hoped you'd never learn. They are straight truths about our country's relentless expropriation of the next generation that will either land young and old alike in an early economic grave or culminate in generational war. Read this book if you care about your children. Read this book if you care about yourself. And read this book if you care about our country."--John Silber, President Emeritus, Boston University"The Clash of Generationsis so well written that Scott Burns and Laurence Kotlikoff should be considered the Stieg Larsson of economics. But there is one difference: the horror story they tell -- about the debts that burden the young -- are not fictional. This is a great book of great importance, and every paragraph contains some new and interesting observation."--George Akerlof, Nobel Laureate in Economics, 2001"A clarion call for those who love America, and wish to preserve its virtues for future generations. A look down into the abyss to which we are headed, and some serious, well-considered recommendations for getting us back on track.The Clash of Generationsis a compelling and fluid read, a don't-put-it-down-till-you-finish-it book, at once both scary and hopeful."--William P. Bengen, independent financial advisor"This is a truly important book, and I hope that it will be so widely read as to inspire a meaningful widespread dialog among individuals, families, and policymakers."--Geoff Considine,The Portfolioist