The Memo by Howard Marks cover image

The Winds of Change

The Memo by Howard Marks

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The Baby Boom Generation's Unfairness

In the last 18 months, washington has approved more than nine trillion dollars of spending on coven 19 relief and intera structure. But we haven't heard a word from either party about fixing these essential programmes. That's presumably because the party that trims these programmes would likely be panalized at the poles. This is an example of the generational unfairness that has been perpetrated in recent decades. administrations of both parties have been, and still are spending vast amounts, taxing less than they should relative to their spending,. thus incurring deficits and running up the national debt.

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