The US Debt Clock of Deceit, Decline and Doom is Ticking in the Debt Ceiling Debate
The United States as we know it today will cease to exist in the next few decades. Unfortunately, this is due to deceit in government accounting that you will NOT hear discussed on any news reports in the debate over raising the debt ceiling. Let’s frame this somber picture. President Obama and the Treasury Department are demanding that Congress raise the $16.7 trillion debt ceiling so that | Read More »
My Understanding of Ben Bernanke And The Taper
The Federal Reserve gets accused of many things. The Chairman of The Federal Reserve, Ben Bernanke gets accused of many things. Is he E-vil? Nope. Is he a Great American? Probably not. So just what is Bernanke doing? My theory of Ben Bernanke’s mysterious objectives goes as follows.
Ben Bernanke is presiding over what he hopes will be the successful retirement of the largest demographic cohort in contemporary America. The Post WWII Baby Boom is far larger than the generation ahead of it (The Silent Generation) or behind it (Generation X). Boomer columnist and political observer Peggy Noonan once described the Baby Boom Generation as “America’s basketball in the python.” This is not their fault, per se, but it does make them pose a challenge to the rest of us as they drift towards the bottom of the actuarial charts. The current $85Bn per month of QE is the periodic glass of Metamucil-Juice prescribed by Dr. Bernanke to help the python pass the basketball.
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A Tsunami of Seniors: The Crisis Begins In 2026 When The First Baby Boomers Turn 80
Re-posted from PJ Media In 1967 the Beatles song, When I’m Sixty-Four appeared on the now iconic Sgt. Pepper album and many, including this writer, considered age 64 “old.” (Of course, I was only 12, but 64 was old at that time.) But recently, when General Norman Schwarzkopf died at age 78, I did not consider him old. So what happened to change my view of when old age begins? Well for starters, | Read More »
Baby Boomer indulgences: Bush’s stimulus and Obama as skinflint?
File under: It you don’t stand for something, you’ll fall for anything? Greatest Generation Ants, spoiled grasshoppers, the Reagan Revolution interrupted, Wal-Mart moms and the tea partier conservative movement Will Baby Boomers, who skipped class when Aesop’s thrifty ant and lazy grasshopper story was covered in elementary school and ignored the personification of the internalization of the lessons learned by their Greatest Generation parents, fall | Read More »
Think your credit card debt is atrocious? Just look at the fed. gov’t’s
Think your credit card debt is a problem? The federal government is on course to paying half your taxes into debt service by 2020, according to the Heritage Foundation. Currently, debt service is $435,000,000,000 annually (2009), or nearly a billion a day. My granddaughter, born July 21, inherited a debt per capital of $42,000 just after she drew her first breath, and her portion will | Read More »
Social Insecurity – Kiss Your Security Goodbye
Unfortunately, you can kiss your Social Security goodbye from the day it started, and the victims (some would call us suckers) of this scandal are the American people. When FDR hatched the scheme of having workers contribute a portion of their income to the Social Security Trust, it was with the promise that those who contributed to the “insurance” program would receive benefits from that Trust | Read More »
My Destructive Generation
My generation could well be the first generation in American history to leave our country worse off than we found it. I am a member of the baby boomer generation. The generation that came of age in the late sixties during the turbulent times of Woodstock, Watergate and Vietnam. The generation that is now holding the reins of power in most American institutions, from politics | Read More »
‘Barry’s Kids’ Boomer Health Care Telethon
Promoted and bumped by Jeff. “If its pity, we’ll get some money. I’m just giving you the facts. Pity.” Jerry Lewis, 2001 Every baby-boomer alive can probably recount the exact moment they saw “crippled” children emerge from behind the curtain on the annual Jerry Lewis Muscular Dystrophy Telethon. Seared in our minds are visions of handicapped children in squeaky, wheel chairs haltingly struggling across stage on crutches | Read More »