From Baby Boomers To Boomers Busted? For Immediate Release: May 25, 2005 Contact Info: New Report Asks: Will Baby Boomers Go Bust Under Republican Social Security Proposals? » Hoyer Remarks on New Baby Boomers and Social Security Report. May 25, 2005. » New Report From the Joint Economic Committee: How the President's Social Security Proposals Would Affect Late Baby Boomers.