Have the Baby Boomers Ruined Society?

Introduction.

The author is a young energetic historian who has entertaining and insightful ideas. His exuberance on occasion leads him astray, he can be too pessimistic, and he should be more cautious in his prophesizing. I should make such a criticism, in my early 20's I came to the conclusion that society would fall off a cliff a few decades after I had died. I might die tonight. It is going to be a close call because present indications are I have many years left in this decaying container. 

Trickle Up Economics

 Coalition unlikely to lift unemployment benefits when jobkeeper scrapped in March

They will lift it but only marginally so, might not even reach my prediction of $50 per week. Frydenburg argues against an increase because a lift will be an ongoing structural increase in the deficit. Yet for the sake of protecting a coalition seat in South Australia there is the 50-60-70 ??? billion fiasco submarine build, the proposed 270 billion defense spend for missiles etc, and tax cuts that will decrease revenue by hundreds of billions of dollars over the next decade. All those are structural increases in the deficit and all those do not have a significant multiplier effect by promoting greater economic activity through infrastructure improvement.