The American dream is in peril from the confluence of sky rocketing deficits, high unemployment, and the ticking time bomb of an aging baby boomer generation, with its coincident increase in the burden of entitlements as a percentage of GDP. For the first time, the next generation of Americans, our grandchildren, risk having a lower standard of living than we enjoyed. It is not a problem that can be remedied with tax increases and budget […]
economic downturn
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