Every welfare system is designed to work that way. What should it do? Transfer from the sick to the healthy, from the poor to the rich?
The real problem in my opinion comes when the transfer isn't from the rich to the poor, but from the future generations to the current ones, through debt.
...and the US Government is making more on student loan interest than Exxon profits.
That is not a particularly American phenomenon, we do it all the time in Australia... however there are often calls to stop the "Americanisation" of health care/education/workplace.
(One could educate oneself on the history of public college funding and the underpinning philosophies of the student loan to get a better idea of the massively complex economic situation, but I know that's not the American way...)
Assuming everyone agrees that we want standards of living and the economy to improve over time (should probably go without saying), then the fact that the article outlines how this has not happened or has not happened to the extent that it could have over a period of time, and the future projections are pessimistic, means that some previous generation failed to improve the situation for the following generations. Considering the boomers were the generation working and aging at a time when these trends were occurring (from the article: decreasing household income, increase in debt), then the evidence is pretty strong the they are responsible.
It's possible the cause of the trends stems from something or someone more specific than an entire generation of people. But if the generation before them was too old, and the one after them too young, to have influenced these trends, and the effects are too broad to have been caused by a specific subset of Boomers, then it's understandable how a conclusion like "Baby Boomers Destroyed America's Future" is reached.
Politics: For not being good enough to fix the issues we have.
Banks: For making money out of nothing: someone has to pay this. And the house credit scandal, creating the current crisis.
Speculation/Wall-street: Again making money out of little added value: someone has to pay this.
Capitalism: If money makes money, someone has to pay this, and the someone is the 99% !