The Clash of Generations: Saving Ourselves, Our Kids, and Our Economy (Google eBook)

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MIT Press, Mar 23, 2012 - Business & Economics - 288 pages
5 Reviews
The United States is bankrupt, flat broke. Thanks to accounting that would make Enron blush, America's insolvency goes far beyond what our leaders are disclosing. The United States is a fiscal basket case, in worse shape than the notoriously bailed-out countries of Greece, Ireland, and others. How did this happen? In The Clash of Generations, experts Laurence Kotlikoff and Scott Burns document our six-decade, off-balance-sheet, unsustainable financing scheme. They explain how we have balanced our longer lives on the backs of our (relatively few) children. At the same time, we've been on a consumption spree, saving and investing less than nothing. And that's not to mention the evisceration of the middle class and a financial system that has proven it can't be trusted. Kotlikoff and Burns outline grassroots strategies for saving ourselves--and especially our children--from what could be a truly catastrophic financial collapse. Kotlikoff and Burns sounded the alarm in their widely acclaimed The Coming Generational Storm, but politicians didn't listen. Now the need for action is even more urgent. It's up to us to demand radical reform of our tax system, our healthcare system, and our Social Security system, and to insist on better paths to investment return than those provided by Wall Street (mis)managers. Kotlikoff and Burns's "Purple Plans" (so called because they will appeal to both Republicans and Democrats) have been endorsed by a who's who of economists and offer a new way forward; and their revolutionary investment strategy for individuals replaces the idea of financial capital with "life decision capital." Of course, we won't be doing all this just for ourselves. We need to fix America's fiscal mess before our kids inherit it.https://www.youtube.com/watch?v=IMKw76lBn0k&feature=youtube_gdata_player
  

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Review: The clash of generations: saving ourselves, our kids, and our economy,

User Review  - Ryan Loots - Goodreads

A little slow at times but makes a lot of valid points. Read full review

Review: The clash of generations: saving ourselves, our kids, and our economy,

User Review  - Seth Benzell - Goodreads

Very smart guy with a clear, compelling view. The fundamental question is to what extent projections of 40 years into the future, some of which depend on finely calibrated parameters, are to be taken ... Read full review

Contents

Chapter 1 The United States Is Bankrupt
1
Chapter 2 Catastrophic Success
9
Chapter 3 Living beyond Our Childrens Means
23
Chapter 4 Economic Fallout
45
Chapter 5 Beatings without Bruises
69
Chapter 6 Does It Pay to Grow Up?
81
Chapter 7 The War on Our Children
99
Chapter 8 Unsafe at Any Speed
109
Chapter 10 There Must Be Some Way Out of Here
139
Chapter 11 Time to Retire
153
Chapter 12 Becoming Our Own Solution
167
Chapter 13 The Power of Ordinary Living
201
Chapter 14 The Generational Storm
229
Notes
235
Index
253
Copyright

Chapter 9 Getting to Yes
123

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