asterisk2a + babyboomers + socialsecurity   4

The Political Changes that Transformed the American Dream - YouTube
For Pulitzer Prize-winning journalist Hedrick Smith, the American Dream depends upon the prosperity of middle class. Ray Suarez talks to Smith about his latest book, "Who Stole the American Dream?" for more on what needs to change to restore the American Dream, economically, politically and culturally.

> baby boomers heading for poor retirement, poverty, forced to live off social security
> increase in productivity kept going, but not wages in appropriate manner
> middle class economics - prosperity - dependent on power. power over time shifted to corporates who overshadow policy making in Washington with their lobbying.


Obama wanted to close the revolving door between corporates and Political Policy making in Washington, cutting off the force of the corporate lobby - he fail miserably by hiring from a pool of corporate thought leaders during his election campaign 2008 and while in office.

Capitalism ran wild. And when it was down, we fed it with bailouts to stand up again.
accountability  transparency  barackobama  presidency  government  governance  Politics  lobbyist  Lobbying  lobby  productivity  prosperity  middleclass  socialsecurity  pension  scheme  babyboomers  401k  book  economic  history  USA 
october 2012 by asterisk2a
America's Demographic Cliff: The Real Issue In The Coming, And All Future Presidential Elections | ZeroHedge
It’s a pretty tough picture, to say the least; as the population ages, we’re looking at more and more money dedicated to retirement benefits with a smaller workforce to fund the spending.

The stronger turnout of these voters (retirement age people), and their sheer numbers, are also likely to have an important impact on US political races in the years to come.

Social Security and Medicare spending are projected to grow exponentially as healthcare costs explode and the biggest population wave in the history of the US starts to enter retirement. The Congressional Budget Office expects spending to increase by 150% over the next 25 years, which is hardly sustainable with barely 2 workers for every retired person in 2035... there’s a storm a comin’
babyboomers  pension  scheme  pension  pension  obligation  medicare  socialsecurity  USA  demography  demographics 
august 2012 by asterisk2a
Kotlikoff Says U.S. Deficit Too Much for Next Generations - YouTube
USA net-future liabilities +66tn
when you ask the wrong questions, you get wrong answers
my generation is being screwed.
Government fraud accounting
generationy  USA  budget  debate  government  spending  2011  economics  future  babyboomers  generation  retirement  socialsecurity  medicare  Medicaid  presidency  barackobama  politics  democrats  republicans  balancedbudget  statistics  fraud  accounting 
august 2011 by asterisk2a
Bernanke on Deficits: In Long Run, We’re All on Social Security, Medicare - Real Time Economics - WSJ
The economist John Maynard Keynes said that in the long run, we are all dead. If he were around today he might say that, in the long run, we are all on Social Security and Medicare. That brings me to two interrelated economic challenges our nation faces: meeting the economic needs of an aging population and regaining fiscal sustainability. The U.S. population will change significantly in coming decades with the combined effect of the decline in fertility rates following the baby boom and increasing longevity. As our population ages, the ratio of working-age Americans to older Americans will fall, which could hold back the longrun prospects for living standards in our country. The aging of the population also will have a major impact on the federal budget, most dramatically on the Social Security and Medicare programs, particularly if the cost of health care continues to rise at its historical rate. Thus, we must begin now to prepare for this coming demographic transition.
benbernanke  Fed  deficit  bubble  budget  demographics  usa  babyboomers  medicare  socialsecurity  2010  fiscal  policy  HerbStein  outlook  aging  population  Fertility  living  standards  taxation  output-gap  interestrate  stagnation 
april 2010 by asterisk2a

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