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November 14, 2012
Here's Comes Everybody
Assume that 75 million boomers survive to age 66. From this year through 2030, an average of nearly 4 million boomers will be retiring every year.
This translates into some 11,000 boomers becoming eligible for Medicare and Social Security every single day for the next 18 years. Black folks and Hispanics alone account now for 30 percent of the population - and rising rapidly. Yet these two minorities have high school dropout rates of up to 50 percent in many cities, and many who do graduate have math, reading and science scores at seventh-, eighth- and ninth-grade levels. Can their contributions to an advanced economy be as great as were those of baby boomers of the '60s and '70s, whose SAT scores were among the highest we ever recorded? -- Pat Buchanan: The coming age of austerity | New Hampshire OPINION02
Posted by gerardvanderleun at November 14, 2012 1:19 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
I never thought America would survive the Baby Boomers as a free country, but I didn't think it would fail so quickly.
Keep this Boomer Retirement Tsunami in mind as you fantasize about being left alone by The Gov't and paying extra for effective private programs. It won't leave you alone. It will hunt to extinction any wealth within reach.
Posted by: Scott M at November 14, 2012 1:45 PM
They won't get much llot from the boomers. They're notorious for not saving. After all they're the ones that coined the phrase,"He who has the most toys when they die, wins."
This the crowd that screwed the country in the late '60's-early '70's. Sow and Reap, isn't that how it goes.
Posted by: Peccable at November 14, 2012 2:29 PM
Hey, I didn't know you were a fan of Autolux.
Posted by: Gray at November 14, 2012 7:25 PM
Hey, I didn't know you were a fan of Autolux.
Posted by: Gray at November 14, 2012 7:33 PM
Hey, I didn't know you were a fan of Autolux.
Posted by: Gray at November 14, 2012 8:43 PM
Sorry. Sorry. Sorry.
Posted by: Gray at November 14, 2012 8:47 PM
Buchanan doesn't like Israel.
Posted by: mjazz at November 15, 2012 4:31 AM
This the crowd that screwed the country in the late '60's-early '70's. Sow and Reap, isn't that how it goes.
How so? we were, even the earliest of us, barely adults in the time range you quoted. We started messing the country up later (80's and 90's), continuing a long tradition we inherited from previous generations.
Posted by: Don Rodrigo at November 15, 2012 11:35 AM