Generation Vexed: Young Americans rei...

Generation Vexed: Young Americans rein in their dreams

There are 142 comments on the The Hartford Courant story from Aug 14, 2011, titled Generation Vexed: Young Americans rein in their dreams. In it, The Hartford Courant reports that:

Amid so much economic uncertainty, many are rethinking career plans, putting off marriage and avoiding the stock market like the plague.

Join the discussion below, or Read more at The Hartford Courant.

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Tweeter

Charleston, SC

#151 Aug 24, 2011
Obama is a loser.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#152 Aug 24, 2011
RHS wrote:
<quoted text>
It is time for all of us to be brutally honest.
Politicians spewed nonsense to every one of us. Promises they knew they could not sustain or keep in order to buy votes. Right?
No doubt many folks 55 years and older will die at a younger age than their parents and grandparents due to lies politicians used to buy votes. Medicare is broke. Social Security is broke. Too many sociopaths receiving SS disability are able to work, but will ride the gravy train until our nation is totally, absolutely insolvent. It is what it is.
Unreasonable, unsustainable pensions for Military personnel are as unsustainable as the afore mentioned entitlements. Fact. And by the way, two of my grandsons are serving in Afghanistan right now! Unless you are a frigging Troll, you know how I must feel about rewarding those who serve in military. But wishes and justice and promises made by lying politicians have nothing to do with cold, hard facts.
“"We can deny reality, but we can't deny the consequences of denying reality."
Ayn Rand
Only 17% of the military stay for 20 years, which in 2012 will cost the taxpayers a total of $20 billion. A drop in the bucket.

But every drop does add up; that's why the Congress is likely to approve the Pentagon's recommendation to dump the 20 yr retirement and replace it with a 401k type system. The estimated $260 billion in cost savings over 10 years will more than pay for the current $20 billion a year retirement costs.

Though I'm glad I retired under the current system, I would still have served under a 401k type system.

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