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View Diary: My view of chained CPI at age 67 (48 comments)

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  •  Actually, I agree with Dean Baker. Check out his (1+ / 0-)
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    diaries at FDL.

    You may be doing fabulously, I don't know.  If you are, great.

    But to give as an example one of the highest paid professions is just a bit odd, given that we're discussing how an entire generation is making out, no?  ;-)

    In my profession I have been an advocate for the poorest and most vulnerable of our citizens for over thirty years.  Maybe I've seen things that you're not aware of, like folks who once had hope that their children could one day go to college, but when Westinghouse (just an example, not slamming that company) outsourced their factory job, all hope of that was lost.  Instead, both parents (is there were two) worked 2 to 3 jobs to just put food on the table--LITERALLY.

    But for folks far more fortunate than my clients, or more middle or upper middle class, remember that most of the wealth lost in the recent 'crash' was Boomer wealth.  And many Boomers haven't, and won't recover.  Not to mention that millions were foreclosed upon.  

    How do you recover from that seven-year blot to even pick yourself up again, if you're near retirement age.  And let's not even get into the subject of the millions of Boomers who are underwater in their home mortgages.

    I agree with Dr. Baker that this issue shouldn't come down to a war between generations.

    That's exactly what Pete Peterson and our political class is betting own.

    Can't fight them now, can we, if we're fighting amongst ourselves.

    Guess we'll just have to agree to disagree on this one.  ;-)



    "If a dog won’t come to you after having looked you in the face, you should go home and examine your conscience.” -- Woodrow Wilson


    by musiccitymollie on Sun Mar 17, 2013 at 08:07:17 PM PDT

    [ Parent ]

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