Ruth Rosen, Professor Emerita of History at U.C. Davis, is a former columnist for The Los Angeles Times and The San Francisco Chronicle. She is currently a visiting scholar at the Center for the Study of Right-Wing Studies at U.C. Berkeley and the author, most recently, of The World Split: How the Modern Women’s Movement Changed America, 2006.

Baby Boomers, who have now morphed into “young seniors,” certainly did not contribute to the economic decline of America.  On the contrary, this huge demographic bulge—as we have moved through our highly-publicized life cycle-- helped create the country’s consumerist prosperity with our teenage allowances and middle age purchases.

Yet running through the debate on the national debt is the subterranean belief that “young seniors,” once known as Baby Boomers, are stealing from future generations by having too many hip replacements and using up too much medical care to stay healthy and active. 

Just recently, for example, New York Times columnist Tom Friedman, as he wandered through the streets of Greece,  wrote with Athenian authority that Baby Boomers were responsible for this country’s huge debt. Just because Eric Cantor and seventy-eight million other people fit into the rather vague category (1946-1964) of the Baby Boomer generation doesn’t mean that a particular generation caused the housing bubble, or turned our nation into one gigantic gambling casino.

Yes, Virginia, there truly are people who daily bet against the economic health of the nation....