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Odds 'n Sods:
From SHTF Daily: Four ways to prepare for a global financial crisis
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This Gun
Free Zone video (recommended by Richard C.) provides a bit of comic relief.
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RMV forwarded us this: The
Numbers Don't Add Up for Baby
Boomer Retirees. Here is a quote from the article: "Consider the outlook.
From
2005
to
2030, the 65-and-over population will nearly double to 71 million; its share
of the population will rise to 20 percent from 12 percent. Social Security, Medicare
and Medicaid—programs that serve
older people—already exceed 40 percent of the $2.7 trillion federal budget.
By 2030, their share could hit 75 percent of the present budget, projects the
Congressional Budget Office. The result: a political impasse. The 2030 projections
are daunting. To keep federal spending stable as a share of the economy would
mean eliminating all defense spending and most other domestic programs (for research,
homeland security, the environment, etc.). To balance the budget with existing
programs at their present economic shares would require, depending on assumptions,
tax increases of 30 percent to 50 percent—or budget deficits could quadruple.
A final possibility: cut retirement benefits by increasing eligibility ages,
being less generous to wealthier retirees or
trimming all payments."
