Posted by LarryTN on 12/4/08 5:27pm
Msg #271133

Food for Thought

I have just read a very enlightening article and thought I would share it with you. It is long. but very sobering!

http://www.financialsense.com/editorials/2008/1103.html

Reply by MW/VA on 12/4/08 6:19pm
Msg #271137

Thanks--this is a great article. IMHO his insights are right on! I am one of the babyboomers. By being on this board, you know that I am not a member of the elite of my generation, and have certainly paid a huge price for being part of it.

Reply by Linda Spanski on 12/4/08 7:43pm
Msg #271140

Thanks for posting this. As stated near the end of the article, it still may be possible to avert the decline of our country if the right steps are taken. Personally, I feel a lot of anger because those of us who worked, saved, and rejected the role of "consumer" are seeing our savings vanish while the rich get richer.

Reply by Louise Johnson on 12/5/08 10:32am
Msg #271165

Good article and very correct in my opinion. We are going to see a lot of changes in the years ahead.

Reply by Doris_CO on 12/5/08 1:14pm
Msg #271175

This really should be in Politics.

Reply by MW/VA on 12/5/08 2:22pm
Msg #271184

I thought so, too, but it is also work (mortgage) related.