The Washington Times Weekly - - Commentary -

Are the good times re­ally over for good?” asked Merle Hag­gard in his 1982 la­ment. Then, the good times weren’t over. In fact, they were com­ing back, with the Rea­gan re­cov­ery, the re­newal of the Amer­i­can spirit and the end of a Cold War that had con­sumed so much of our lives.

It is hard to be san­guine about the fu­ture.

The de­mo­graphic and eco­nomic re­al­i­ties do not per­mit it.

Con­sider. Be­tween 1946 and 1964, 79 mil­lion ba­bies were born — the largest, best­e­d­u­cated and most suc­cess­ful gen­er­a­tion in our his­tory. Bill Clin­ton and Ge­orge W. Bush, both born in 1946, were in that first class of baby boomers. The prob­lem. As­sume that 75 mil­lion of these 79 mil­lion boomers sur­vive to age 66. This means that from this year through 2030, an av­er­age of nearly 4 mil­lion boomers will be re­tir­ing ev­ery

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