Social Security, Medicare Crisis Looms
from 
JoeUser Forums
JoeUser Forums
I got home from the latest press briefing today at the North American International Auto Show. This time it was a rolls royce press brief. Now, I happen to really like Rolls Royce, and I like their cars and I respect them. This car cost $500,000. It was a really nice $500,000 car, but none the less it cost $500,000. This shows what a society we have these days... we LOVE money. And we do. I love money, we all love money, but we must realize the Coming Generaltional Storm.
The costs of the baby boomer retirement are being passed on to our kids. And at a cost of $45 trillion dollars, this is not small potatos. We have a serious crisis, and this can't be dealt with lightly. For example, social security and medicare benefits would have to be cut 45% to balance the generational budget. This isn't feasable.
As I continue to read this book, I will keep you updated, but understand we have a crisis here.
The costs of the baby boomer retirement are being passed on to our kids. And at a cost of $45 trillion dollars, this is not small potatos. We have a serious crisis, and this can't be dealt with lightly. For example, social security and medicare benefits would have to be cut 45% to balance the generational budget. This isn't feasable.
As I continue to read this book, I will keep you updated, but understand we have a crisis here.
