"The U.S. is in danger of reaching a generational tipping point at which older Americans have the clout to vote themselves benefits that sap the strength of the younger generation -- benefits that can never be repeated. Kotlikoff argues that we may have reached that point already. He worries that the U.S. could become Argentina, which went from one of the world's richest to lower-middle income in a century of chronic mismanagement"
http://finance.yahoo.com/banking-budgeting/article/113222/why-debt-crisis-is-even-worse-than-you-think-businessweek?mod=bb-budgeting
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