http://www.aanrp.org/articles American Association of Non-Retired Persons Thu, 11 Jun 2009 08:13:05 +0000 http://backend.userland.com/rss092 en The Education of an American Dreamer by Peter G. Peterson Another one of America's finance billionaires has written a book and is making the obligatory media rounds; I caught Peter Peterson on Good Morning America this morning during his 5 minute interview with Diane Sawyer. Along with the ... http://www.aanrp.org/articles/2009/06/10/pete-peterson-on-health-care/ The class of 2009 graduates this summer, and it has been interesting reading some intuitive comments mixed-in among the usually drivel-filled commencement speeches. The majority of recent grads, loaded down with debt from four years of education costs, are facing the most terrible labor market since the 30's. Along with ... http://www.aanrp.org/articles/2009/06/09/boomers-admit-mistakes-at-commencement-speeches/ Government pensions are generational theft For a while now, I've been under the impression that most Boomers employed by governments and receiving huge and unsustainable pensions were either in denial, bad at math, or both. Well, finally, I've got proof that at least some of these people are ... http://www.aanrp.org/articles/2009/06/07/retiree-fears-public-knowledge-of-huge-pension-may-be-safety-risk/ Another unfunded government union, another agreement that leaves the retirees whole, while screwing the younger workers. From the NyTimes today: This agreement is a huge win for New York’s taxpayers and will lead to the most significant reform of our public pension system in decades,” the governor ... http://www.aanrp.org/articles/2009/06/05/eaches-deal-with-unions/ We already know that most of the Boomers have another thing coming if they expect us to actually slave away for the rest of our lives in order to pay for their mistakes. But now it gets worse for these over-spenders. Most of the boomers haven't saved nearly enough to self-fund ... http://www.aanrp.org/articles/2008/07/14/housing-bubbles-pop-could-doom-boomers/ For those of you not to familiar with the financial world of bonds, here is an interesting blog from our favorite financial blogger, Karl Denninger. Why should this concern you? Bond prices set the rates on your house mortage (along with its value), car payments, student loans, earned interest in your ... http://www.aanrp.org/articles/2008/07/14/bond-prices-and-out-of-control-spending/ An interesting article sourcing a NYT article on how improving healthcare will probably diminish the US military. In a nutshell: if you're young and want decent health insurance (forgetting for a moment that you're already funding millions of retirees' health benefits), you may have to join the armed services. God ... http://www.aanrp.org/articles/2008/07/14/want-health-care-young-person-join-the-army/ October 15, 2007 will go down in history as a special day for young workers in the US and future generations of taxpayers. It was the day the first baby boomer retired. There was plenty of small articles on most MSM outlets, though few had the courage to point out what ... http://www.aanrp.org/articles/2008/07/14/a-day-of-infamy-as-the-first-boomer-retires/ Alison Fraser, a federal spending analyst at the Heritage Foundation, discusses the status of Social Security and Medicare in advance of the trustees for the two programs releasing annual reports on Monday. The bottom line, Fraser said, is that the programs are creating an unconscionable debt for future generations of ... http://www.aanrp.org/articles/2008/07/14/unconscionablie-debt/ Richard W. Fisher, current president of the Federal Reserve Bank of Dallas, speaks on the current liabilities facing future generations with regards to entitlement benefits. He does not waste time in laying out the point: I want to speak to you tonight about an economic problem that we must soon confront ... http://www.aanrp.org/articles/2008/07/14/storms-on-the-horizon-unfunded-liabilities-unfunded-liabilites-99200000000000/