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What happens when the Baby Boomers retire

cut current government spending and future entitlement benefits while simultaneously deregulating business and reforming the tax code to free Americans to make more money to increase revenue. Drastically cutting spending is inevitable. The only questions are when, how we manage it, and how much pain we suffer.



Ronald Reagan warned us of impending entitlement collapse decades ago. He explained, "government is not the solution to our problem; government is the problem." 28 years later, government spending is more irresponsible than ever. Now, American uneasiness about the economy stems directly from the initial tremors of the predicament. On 2/27, Federal Reserve chairman Bernanke warned of increasing inflation while simultaneously signaling a rate reduction. A century of runaway government spending, punishing income taxes, restrictions on our economy, and an oversupply of dollars to hide the problems have put our economy in an untenable position. If Bernanke reduces rates to keep the economy growing, rapidly increasing inflation and the devaluation of our currency will accelerate. If he holds rates steady, we'll sink into recession.



The FDIC is bringing workers out of retirement in expectation of an increase in bank failures. Food prices are soaring. The Euro surpassed $1.50. Gold is nearing $1000 an ounce. Oil surpassed $103 per barrel. The Wall Street Journal just reported that US government expenditures on health care alone will grow by over $2 trillion dollars by 2017, and that doesn't include the new health care spending proposed by the presidential candidates.



This collapse of the dollar is the start of our economic collapse. The collapse of our credit rating would follow, and Moody's recently warned that our AAA credit rating is in jeopardy because of exploding debt. After that, the government will have no options but to drastically cut services and raise taxes, driving the US into depression. Large businesses, banks and pension funds will collapse, and the government will be unable to supply a safety net. We won't be able to fight terrorists. We won't be able to check Russian and Chinese aggression.



We overcame the fascists in WWII and the Soviets in the Cold War, but runaway government spending could destroy America if we don't stop it now.



But instead of proposing to dramatically cut the size and scope of government to prevent this oncoming disaster, presidential front-runner Barack Obama proposes $287 billion in new spending annually. Hillary Clinton


Below are the top articles rated and ranked by Helium members on:

What happens when the Baby Boomers retire

  • 1 of 17

    by Bekjan

    America could be host to over 76 million retirement parties in the next thirty years and while that may sound exciting, or

    read more

  • 2 of 17

    by Ted Sherman

    They do what every other generation of retirees has done ... move in with their adult kids and drive them insane. Seriously,

    read more

  • by Megan O'Brian

    To answer the question "what happens when the baby boomers retire" in the present tense is a bit difficult given the circumstances

    read more

  • 4 of 17

    by Billy Belcher

    What problems do we face as a nation when baby boomers decide to retire is a great question. However, I'm not sure many baby

    read more

  • 5 of 17

    by Marilyn De Angelis Pennell

    WHEN THE BABY BOOMERS RETIRE....WILL THEY DRAIN AMERICA DRY?

    Will we all be selling apples on the streets? Will our schools

    read more

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What happens when the Baby Boomers retire

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