- Baby boomers represent a significant voter bloc, making their concerns on inflation, taxes, and social security crucial in political platforms.
- Inflation is driven by deficit spending, with rising interest rates potentially increasing the annual deficit by 50%.
- Optimal tax rates are uncertain; raising taxes could save Social Security and Medicare but might reduce tax receipts.
- Social Security and Medicare face insolvency in 10 years; immediate action is needed to avoid catastrophic financial collapse.
78 million baby boomers are about a third of the voter-eligible population and 77% of them vote, so there are 60 million baby boomer votes. That 60 million is 38% of the 158 million votes cast in the 2020 presidential election. The baby boomer voters’ bloc is a big deal.es portend another Crash of '29. Can a President stop it? I think not.
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