‘2030’: This financial horror story could be our future

Imagine a world where the U.S. government is nearly bankrupt because most of the revenue coming in is used to pay its debts.

What if a natural disaster hits somewhere in the country and is so costly — worse than anything ever seen — that it further devastates the economy? No insurance company can come close to covering all the claims to reimburse people for their losses.

Just imagine a United States where the younger generation is taxed heavily to fund social programs for seniors who, because of medical breakthroughs, are living well past 90. As a result, the young adults resent "the olds," as they are called. They become the first generation financially worse off than their parents.

Read full article >>

Peter Wallsten 07 Aug, 2011

--
Source: http://feeds.washingtonpost.com/click.phdo?i=3d677ec1d80233a08c6b36f58a1c20fe
~
Manage subscription | Powered by rssforward.com