On Borrowed Time: How the Growth in Entitlement Spending Threatens America's Future

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Simon & Schuster, May 1, 1989 - Business & Economics - 430 pages
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Entitlements represent one of the largest and fastest-growing portions of the federal budget. They are regarded as sacrosanct by lawmakers, yet many people see them as one of the greatest threats to the American Dream. On Borrowed Time argues that by sacrificing the future in order to pay ever-larger federal benefits through programs such as Social Security, Medicare, and federal pensions, entitlement spending has become a crushing burden to American workers.

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The Imperiled American Dream
Chapter 2
The Myths of Entitlements

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About the author (1989)

Peter G. Peterson is the author of" Gray Dawn: How the Coming Age Wave Will Transform America--and the World," He is chairman of The Blackstone Group and chairman
of The Council on Foreign Relations.

William Strauss and Neil Howe, the authors of "Generations: The History of America's Future" and "13th-GEN," write and lecture frequently on generational issues.    Strauss is the cofounder and director of the Capitol Steps, a political cabaret.    Howe, a historian and economist, is a senior advisor for the Concord Coalition.    They both live in the Washington, D.C., area.