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View Diary: New IRS report confirms upcoming retirement crisis (95 comments)

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  •  Keep this in mind... (6+ / 0-)
    Recommended by:
    melvynny, RichM, maryabein, Bronx59, WillR, gjohnsit

    ...when you consider 'heroic' efforts to save the housing market by the Fed and the government.

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Fri Sep 06, 2013 at 02:13:20 PM PDT

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    •  Monetary policy is a zero sum game (2+ / 0-)
      Recommended by:
      Sparhawk, denise b

      "Saving" the housing market (and doing a poor job of it) has not only killed the soon-to-be retirees and every other saver out there, it is forcing investors to take on more risk than necessary and rewarding those on Wall Street who don't deserve it.

        What's more, it is keeping houses from being affordable to young people.

      None are so hopelessly enslaved, as those who falsely believe they are free. The truth has been kept from the depth of their minds by masters who rule them with lies. -Johann von Goethe

      by gjohnsit on Fri Sep 06, 2013 at 04:47:41 PM PDT

      [ Parent ]

      •  what (2+ / 0-)
        Recommended by:
        gjohnsit, OHdog

        What Reaganism destroyed is impossible to rebuild without pain and suffering.  When our "leaders" ignored economic science, and substituted intuition bullshit, we were bound to have many victims.  Sadly, intuition is still holding its own--and the number of losers is bound to increase.

        Under capitalism, man exploits man. Under communism, it's just the opposite. John Kenneth Galbraith .

        by melvynny on Fri Sep 06, 2013 at 05:53:01 PM PDT

        [ Parent ]

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