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Politics : President Barack Obama
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To: sylvester80 who wrote (25791)7/13/2008 5:38:13 PM
From: RetiredNow  Read Replies (1) of 149317
 
We'll see. This financial mess isn't over. I hope you are right that the 80s will have been worse that what we are now experiencing. But I'm worried that this time around will make the 80s look like a test run. You can't rack up $10 trillion in debt and continue deficit spending to the tune of $500B/yr without consequences. We're about to pay the piper. Hold onto your seats, because this one is going to wipe out retirements.

I'm sad about it too, because in Oct'07 I was within 2-3 years of retiring, but since October, this mess has added 1.5 years to my retirement date. I'm now around 4 years from retiring. Maybe that will be 5-6 years before the fallout is over. So maybe by mid 2009, I'll be within 5 years of retiring, when I started in oct'07 being within 2-3 years of retiring. That really sucks. I'm too old for this shite.
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