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What does generational theft really mean?

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Anonymous Posted

What does generational theft really mean?

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Pablo Garcia

Generational theft means that an older generation steals the wealth of a younger one. The most common accusation of this falls over the baby boomers that are generating huge federal deficits to pay for Social Security, Medicare and Medicaid. The billons of dollars of debt that these deficits generate today will have to be pay, with interest, in the future by the next generations.

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