Read the Bills Act Coalition

Saturday, August 28, 2010

It's Boomergeddon!

Currently reading a fascinating book from my friend Jim Bacon, Boomergeddon, which chronicles the looming retirement crisis caused by runaway spending on government programs and entitlements; mounting federal budget deficits; the coming global capital shortage; the debt burden that will cannibalize the entire federal government; and the inevitable disintegration of America’s retirement safety net. If you want to know what you need to do, how you need to do it and the cause of the pending crisis at hand for the baby-boomer generation that is hitting retirement in masse, please buy this book today, Boomergeddon is not about painting a rosy picture, it’s about telling you the facts so you can act before your retirement dreams fades away into a nightmare you both don’t want to experience or haven’t planned to endure. Jim has seen the future and it looks like Boomergeddon for those that are not prepared for the pending economic downturn during their retirement years. Once I have completed reading a this book a second time, I'll post a full review of this and how I think this also effects Gen X in profound ways since we are the generation, along with our children, that will need to pick up the bill for what's to come as the BabyBoomers start to retire in droves...more to come on how Boomergeddon will turn into the Apocalypse for GenX.

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