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The Coming Generational Storm36:17
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photoPolicy makers are alarmed that our federal budget deficit has reached $7 trillion. In the new book "The Coming Generational Storm," Boston University economics professor Laurence Kotlikoff warns of a future $45 trillion deficit., the result of the retirement of the baby boomers. Tonight, On Point, what this means for you, and how you can prepare.

Guests:

Laurence J. Kotlikoff, professor of economics at Boston University. He is also a research associate at the National Bureau of Economic Research and president of Economic Security Planning, Inc., a developer of financial planning software. His new book "The Coming Generational Storm: What You Need to Know About America's Economic Future."

Jack Beatty, On Point news analyst and senior editor at the Atlantic Monthly

This program aired on April 21, 2004.

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