The Daily Parker

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Who pays for entitlement reform?

Gen-X, of course. David Frum:

For the under-40s who will be exposed to the fullest impact of entitlement reform, the past half decade has been an economic disaster. Now we are about to load an additional burden on a generation already struggling with under-employment and (in many cases) heavy student debt. We also are about to ask them to simultaneously pay the taxes to support current retirees and save for their own retirement, while receiving less help from later generations than earlier generations will receive from them.

To put it a different way: Every previous wave of retirees has been supported by the young. Today's young are expected first to provide for today's old, then provide for themselves.

Yeah, but don't worry, kids. We X-ers will fix it, the same way we built the Internet, fought in the first Gulf war, and paved the way for the nonchalant life many of you born after 1978 enjoy.

We're not bitter, either. We're happy to have our parents take our money and give it to you, as has been the pattern since 1964.

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