Ron Kind: “I believe now is as good a time as any for the baby boom generation, this massive demographic bubble that is working its…”

“I believe now is as good a time as any for the baby boom generation, this massive demographic bubble that is working its way through our society and aging ever so gracefully, to step into this political debate. I think the message is being delivered to them that they can have it all, that they can have massive tax cuts today and retirement security tomorrow, when it is really their generation and the challenge that their generation poses that we need to come to grips with. I have to believe that the President is a good son, loyal and dutiful and listens to his mom and dad. I think it would be wise if the President were to listen to what his father said when it was proposed, this type of economic plan was proposed to him back in the early 1980s, where they would have huge increases in spending, coupled with large tax cuts, which would lead to large budget deficits, which did occur during the decade of the 1980s and the early 1990s. The first President Bush called it voodoo economics because he knew what would transpire. It is like deja vu all over again, the economic policies coming out of this White House: Huge increases in spending, although they want to claim to be the party of fiscal constraint. We had a 10 percent growth in government spending last fiscal year alone. On the current track, we are going to be pretty close to that this fiscal year.”