Samuelson The End Of Entitlement
Pew pronounces this “the most downbeat short-term assessment of personal progress in nearly half a century.” It’s not that Americans have lost their optimism. About two thirds say they have higher living standards than their parents did at the same age, and by a 2–1 margin they expect their children to live better than they do. But there’s an underlying disenchantment that seems to predate today’s higher oil prices, falling home values and declining employment....