The following post is an article by Allen W. Smith. It is about Social Security or more specifically what is to be the lack of it.
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The 1983 Social Security “fix” required the baby boomers to pay much higher payroll taxes so that they would prepay most of the cost of their own benefits. The higher taxes would generate Social Security surpluses for approximately 30 years, which were supposed to be saved and invested to build up a large reserve in the trust fund. Then, when the baby boomers began to retire in about 2010, the accumulated surpluses from the previous three decades would gradually be drawn down and used to supplement the payroll tax revenue, which was expected to become inadequate to pay full benefits by about 2015. The 1983 Social Security legislation laid the foundation for the greatest fraud ever perpetrated against the American people by their government. The $2.54 trillion in surplus Social Security revenue, generated by the 1983 payroll tax hike, has all been “borrowed” or “stolen” by the government and used to fund tax cuts for the rich, wars, and other government programs.
President Obama is the fifth president (more…)
In June of 2010, I turned 61 and I also pulled or strained my right hip flexor while running wind sprints up my drive way. The injury was a result of improper warm up or stretching and perhaps just plain overdoing for my age.
I have always tried to be active and maintain a certain amount of health and muscle tone. Yes, there have been minor injuries along the way. At my age, this injury has set me back worst than any of the others; it has been nearly three months and still not able to run.
This story is not necessarily about me but meant to let baby boomers know that these types of injuries are becoming more and more common. (more…)
Today’s post is about one of those important subjects that should be important to everyone, especially to aging baby boomers. In a little bit of double talk, it is even important to those who don’t even know that it should be important.
I will include the original post in its entirety that was taken from Marketwire.
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Slowing Down The Aging Process
With expert coaching it can be as simple as exercising once a week
TORONTO, ONTARIO, MEDIA RELEASE–(Marketwire – Sept. 7, 2010) – As Baby Boomers age, the dreaded days of increased health issues and joint aches edge closer-what most people don’t realize is that they can slow the aging process down. (more…)
Following are excerpts from a story entitled ‘Entrepreneurship Is Booming with Boomers’. It was submitted in Wake County, NC by Fred Gebarowski, Director of Entrepreneurship at Wake Tech.
Business start-ups were at a 14-year high in 2009 according to the Ewing Marion Kauffman Foundation. The Foundation also reported that those in the 54-66 age group were the most likely to start a new businesses!
It further stated and asked the question (more…)
