Thread: This is shocking

When Social Security was instituted the life expectancy in the USA was not much beyond the 65 years you had to be for eligibility to collect it. There was no early in at 62 and no medicare.

It was also a country that generated it's GNP through manufacturing. How can a country that has 3/4 of it's GNP based on consumerism sustain it's standard of living. The entrepreneurs and the politicians they bought killed the goose that laid the golden egg for filthy lucre.

Why a jobless recovery ? Because McDonalds and Walmart can only hire so many. China is booming. Glad I'm 61 and have way less life in front of me than behind me.

Originally Posted by JimmyHAD

When Social Security was instituted the life expectancy in the USA was not much beyond the 65 years you had to be for eligibility to collect it. There was no early in at 62 and no medicare.

It was also a country that generated it's GNP through manufacturing. How can a country that has 3/4 of it's GNP based on consumerism sustain it's standard of living. The entrepreneurs and the politicians they bought killed the goose that laid the golden egg for filthy lucre.

Why a jobless recovery ? Because McDonalds and Walmart can only hire so many. China is booming. Glad I'm 61 and have way less life in front of me than behind me.

Jimmy, this absolutely an aside, but your wide and informed views on things make me hope that someday I will be able to meet you and chat over good beers. That is all.

Something is certainly fouled up! I know I sure wouldn't be able to keep a AAA credit rating with this kind of economics.