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Why Seniors Need Their Own Stimulus Program
Tweet Share on Facebook February 4, 2009 Comment (58)Now that the stimulus bill is up for grabs in the Senate, perhaps it's time for AARP to seek a deal with the government on behalf of the nation's older citizens. Here's the pitch:
There is near-universal agreement that senior entitlements--Social Security, Medicare and Medicaid--must be scaled back. None of them have enough money to meet their future obligations. In business, when you're paying out more money than you take in and you have no prospects of making money in the future, it's called bankruptcy. In our look-the-other-way government accounting, it's called an unfunded obligation. Whatever name you give it, the Entitlement Blob is huge. It dwarfs the federal budget and is roughly six or seven times our total national debt. And, like its namesake, it's growing uncontrollably.
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The Boomerater™ Report: Week Ending Feb 8
Tweet Share on Facebook February 2, 2009 Comment (90)We launched The Boomerater™ Report last week--our collaboration with Boomerater.com, the online Q&A website for Baby Boomers. Each week, we will feature a selection of helpful tips and advice from Boomerater’s collection of financial, consumer and lifestyle content. We also want to hear what’s on your mind, so go to Boomerater and add your questions. You may even see it featured next week on The Best Life!
Last week we asked readers to share their experiences with multi-generation households. Here are two responses:
