The real threat to your future lifestyle is the growing debt combined with incomes and the work force growing more and more slowly. At some point the chickens will come home to roost and that money will have to be paid back (or the debt servicing will just result in higher and higher taxes).  Think of that next time you voice your support for more government giveaways - there no such thing as a free lunch.  And there aren't enough rich people that you can tax to pay for it.  It will eventually come out of your (and your children's) bank accounts.  Despite what idiots like Krugman think.

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