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Roanoke Times, 12-28-10, Pg 3: More than 10,000 baby boomers a day will turn 65 in 2011; most are nowhere near financially prepared for their retirement. Boomers skimped on saving.
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The message:
There goes the Social Security System!
There goes the Medicare System!
More Socialism is the answer!
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The article highlights personal examples of Boomers who made good money and then spent much of it on expendables and depreciating things. The article’s author states that “most” Boomers fit this category and labels them without stating any data or facts.
However, it’s clear from census data that large numbers of Boomers saved, invested, insured and accumulated wealth for their retirement and hope to pass a modest nest egg on to their children and grandchildren.
Something about the American Dream!
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These Saving-Boomers are now being attacked by the Obama-Pelosi-Reid team who view their assets as the spoils of class-warfare that must be redistributed to the “less fortunate”.
Obama and associates are driving to increase the taxes on their homes, their capital gains their dividends and eliminate credits for mortgage interest and increase the taxes on their retirement and social security incomes and reinstitute the death-tax and inheritance tax.
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The irony is that those who exercised personal financial restraint and prudence will be stripped of the fruits of their labor and reduced down to the common denominator of those who chose to “live for the day” and not plan and sacrifice for tomorrow!
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Karl Marx wrote the book and we now see who read the book and is busy implementing it!
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Prior Items:
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The Constitution: “We The People”
http://roanokeslant.blogspot.com/2010/12/constitution-we-people.html
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Tax Misrepresentations Become Outright Lies
http://roanokeslant.blogspot.com/2010/12/tax-misrepresentations-become-outright.html
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Obama Hawking Class and Race Warfare
http://roanokeslant.blogspot.com/2010/09/obama-hawking-class-and-race-warfare.html
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