We baby boomers have been busy voting for great pensions and great health care systems for ourselves. Some of us have also been at work instituting work rules that benefit only boomers and make it hard for them to be fired so that they can retain great paying jobs for life.
The results of all this is that in we have huge governmental debts, little to no economic growth and high youth unemployment. We also seem to be very unwilling to change anything to solve current problems. I wonder how this will all end. At some point, we are going to have to deal with ours problems because this cannot go on forever.
This blog is meant for educational purposes only, and is not to provide investment advice. Before making any investment decision, you should always do your own research or consult an investment professional. See my site for an index to these blog entries and for stocks followed. Follow me on Twitter.