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Harry @ news.east.earthlink.net

On 8/10/10 7:51 AM, BAR wrote:
In ,
says...

On Mon, 09 Aug 2010 20:32:44 -0400, wrote:

the finacial sector went up to 40% of GDP in
2007 and added NOTHING to ameirca

The financial sector will have to add a whole lot more to the GDP if
the boomers actually want to retire.
Where do you think pension money comes from?
Retirement is money making money.

Amen brother.

I actually believe the "greatest generation" will be the last ones to
actually complete retirement and not outlive their money simply
because the boomers covered them with our 401k and FICA money.
There are not enough kids behind us to support 75-80 million boomers
on a pension.

Amen brother.

Sure there is. We simply have to re-order our priorities. For starters,
we can cut the military budget in half as soon as employment picks up.
That would represent a savings of what, at least $400 billion dollars?

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