tag:blogger.com,1999:blog-6685155377705481833.post2402350783296203347..comments2023-09-22T03:17:50.469-04:00Comments on Middle Class Political Economist: How High Does Senior Poverty Have to Go?Kenneth Thomashttp://www.blogger.com/profile/05747704671007690674noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6685155377705481833.post-87364713415642053252013-04-17T13:01:33.854-04:002013-04-17T13:01:33.854-04:00I came across this study today; it touches on what...I came across this study today; it touches on what I mentioned in my original comment. <br /><br />http://www.urban.org/UploadedPDF/412766-Lost-Generations-Wealth-Building-Among-Young-Americans.pdf Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-9313412079287248312013-04-12T01:00:05.224-04:002013-04-12T01:00:05.224-04:00Jerry, thanks for the numbers and link to a very i...Jerry, thanks for the numbers and link to a very interesting blog.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-37865999351407374682013-04-11T23:12:51.910-04:002013-04-11T23:12:51.910-04:00Exactly what I was looking for. The uproar from th...Exactly what I was looking for. The uproar from the Democratic side to a well thought out proposal from President Obama is both rushed and unseemly. Leave Pavlovian behavior to the Republicans.Anonymoushttps://www.blogger.com/profile/00059871791251900971noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-85339837347506102862013-04-11T16:50:57.795-04:002013-04-11T16:50:57.795-04:00Here are some numbers, Joe.<a href="http://immasmartypants.blogspot.com/2013/04/some-perspective-on-granny-and-catfood.html" rel="nofollow">Here are some numbers</a>, Joe.Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-12079793776398547512013-04-11T06:44:12.317-04:002013-04-11T06:44:12.317-04:00I hear a lot of knashing of teeth but not a lot of...I hear a lot of knashing of teeth but not a lot of numbers. What is the dollars and cents per month difference over the course of, say 10 years, if they use this CPI rather than the other CPI? <br /><br />Joe RousmaniereAnonymoushttps://www.blogger.com/profile/00059871791251900971noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-49292892812513410492013-04-11T02:18:05.270-04:002013-04-11T02:18:05.270-04:00And we are cutting SS benefits for what? Social S...And we are cutting SS benefits for what? Social Security has no impact on either the debt or deficit.Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-6143053724628440272013-04-11T00:39:35.982-04:002013-04-11T00:39:35.982-04:00Yes, there are way too many distressing trends goi...Yes, there are way too many distressing trends going on right now -- and we've got to fight all of them.Kenneth Thomashttps://www.blogger.com/profile/05747704671007690674noreply@blogger.comtag:blogger.com,1999:blog-6685155377705481833.post-76427490074622142692013-04-10T22:40:01.599-04:002013-04-10T22:40:01.599-04:00This is concerning to say the least! Generations x...This is concerning to say the least! Generations x, y and z are really going to have a hard time. Decreasing wages, student loan debt, no pensions and a minimal social safety net is going do drive those generations into poverty not seen since the Great Depression. Once the majority of Baby Boomers retire, I assume we are going to see a sharp decline in demand and a downward economic spiral. We are seeing the effects of a lack of demand now. What is going to happen when we have to rely on underpaid workers drowning in debt to prop up a consumer based economy? Crisis of over accumulation? My prediction is that although the EU is seeing hard times now, they will be in a much better situation than the US, especially if they change their current austerity programs. Anonymousnoreply@blogger.com