The U.S. experiences a major crisis about every eighty years,
and the last big crisis started more than eighty years ago. If
history is any indicator, argues author Tom Osenton, we are in the
very early stages of the next major crisis--one that could make the
Great Depression seem like a day at the beach. The storm clouds are
on the horizon: A slowing U.S. economy, major banks failing, a
weakening dollar, the subprime mortgage debacle, a widening gap
between the wealthy and working class, credit delinquencies and
bankruptcies on the rise, infrastructure crumbling, healthcare in
crisis--the list goes on and on. Baby Boomers, says Osenton, are
standing precisely where FDR stood at the beginning of the Great
Depression, and they are in a unique position to help pull society
out of the morass and set the country on a course of growth and
contentment for generations to come.
It's no wonder that most young people do not feel they will be
better off than their parents. Besides a looming economic crisis,
we face a number of other crises: budget deficit, environmental,
real estate, infrastructure, education, immigration, and
healthcare. Now throw in some unforeseen wild cards such as
terrorism, war, disease, poverty, homelessness, and natural
disasters, and you have a recipe for a cataclysmic,
multi-generational failure that will take decades and trillions of
dollars to fix. Boomers are about to move into the role as the
elders of an America desperate for leadership. It will be Boomers
who take responsibility for directing us through the minefield of
crises that will profoundly shape the U.S. for decades to come. It
will be the Boomers' responsibility--and their destiny and
legacy--to lead the U.S. through a thicket of issues that have been
back-burnered by at least the last five presidential
administrations. Full of solutions to seemingly intractable
problems, "Boomer Destiny" shows how they can do it.
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