Quote:
Originally Posted by Jim in CT
In terms of debt, I'm not sure those are the big ticket items. In the not-too-distant future, there will be at least 65 million baby boomers over the age of 65. Some of them will live to be 110 years old. They will live with ailments, requiring expensive medical care, for decades. And we can't begin to pay for it. Our elected officials, from both parties (until recently), have chosen to ignore this problem. It will be a disaster.
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It' estimated we give 23 Billion a year for foreign aid and another 14 Billion for military assistance for a total of 37 Billion/year.
This Baby Boomer problem has been known for 50 years and the politicians have
kicked the can down the road for all that time.
Same old same old, putting off the hard decisions until it becomes a crisis to keep them in power rather than making the hard choices for the American people.
So we enter the start of another new crisis where bickering and blaming will take over and the solution will be to print more $$$. Soon our dollar will be worth as much Studebaker stock and you can use it to paper your bathroom wall.
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