Paul Solman:
Gibney says we boomers benefited from investments in roads, new schools, education, paid for with taxes on previous generations.
But when it was the boomers' turn to give, we continued to take, tax cuts, expanded Medicare and Social Security, an imbalance that led to an explosion of debt. Gibney points out that, when he was born, in 1976, the national debt was about a third the size of the annual economy. After decades of boomers at the helm, he says, it's now some 130 percent.
And while millennials are the largest portion of the work force, the Federal Reserve just reported they have less than 5 percent of the country's wealth. The boomers meanwhile, had four times that percentage at around the same age.
Do you blame my generation for the difficulty that the millennials, for example, are now having, high college costs, high student debt, can't afford a house and so forth?
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