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All the old Unraveling-era promises about Social Security will now be known to be false, just as most Boomers had always presumed. This will create a moral rubric for breaking those promises. A debate will begin about which (if any) of the old promises should still be honored, and what new ones made, in a Next New Deal among the generations. Where Unraveling-era Congresses debated over one or two percentage point differences in rates of increase, Crisis-era Congresses will debate massive cuts. To maintain G.I.-style elder dependence on the young, Boomers would have to wage political war on ...more
The Fourth Turning: What the Cycles of History Tell Us About America's Next Rendezvous with Destiny
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