Deficit hawks are fond of a concept called “generational theft,” the notion that government spending on today’s seniors robs tomorrow’s children. This excellent article from the LA Times exposes that concept as completely false:

It’s a fundamental piece of a decades-long campaign to distract Americans into thinking that the threat to their way of life comes from a war of old against young, rather than an intra-generational class war in which the vast majority of economic gains from improvements in worker’s productivity has flowed to the wealthy, not to the workers.

Click the following image to read the full article by Michael Hiltzik: