The Baby Boomers have come a long way from Flower Power. Retirement savings, Social Security and Medicare are weighing heavily on their minds this election season, even if they are still in the workforce.
Tales from the Trail
from Political Theater:
Rick Perry appropriates the idea of political correctness in his latest television ad, a thirty-second video denouncing Washington as "the capital of political correctness, where double speak reigns and the truth is frowned upon.”
American voters made their feelings very clear last week. U.S. government borrowing is too high and needs to be reduced. How sad, then, that the presidential commission tasked with coming up with a credible plan to cut the deficit is already being dismissed as a non-event.
Tackling huge budget deficits and growing debt is essential for the United States to avoid a financial market crisis that would push interest rates higher and severely damage the U.S. economy, many economists have warned.
President Barack Obama’s fiscal commission is expected to recommend changes to Social Security to help reduce the deficit when it issues its report in early December. But protests in France over pension reforms there could serve as a reality check to U. S. deficit hawks who want to raise the U.S. retirement age and make other benefit changes to the popular retirement plan.