Of course, leave it to the inexperienced **** to find ways to make the economy worse such as finding ways to make oil, gas, and electricity prices skyrocket so that more expensive and intermittent green energy can then become competitive with them meaning our new normal will be much higher energy prices (when the power is on). Add in the Trans Pacific Partnership being drafted in secret and I see another royal screwing of America by our politicians who seem to be working for foreign interests.U.S. disability rolls swell in a rough economy
By Michael A. Fletcher, Published: September 20
. . .
The fast expansion of disability here is part of a national trend that has seen the number of former workers receiving benefits soar from just over 5 million to 8.8 million between 2000 and 2012. An additional 2.1 million dependent children and spouses also receive benefits.
The crush of new recipients is putting unsustainable financial pressure on the program. Federal officials project that the program will exhaust its trust fund by 2016 — 20 years before the trust fund that supports Social Security’s old-age benefits is projected to run dry.
The growth of the disability rolls has accelerated since the recession hit in 2007. As the labor market tightened, workers with disabilities that employers previously accommodated on the job — painful hips, mental disorders, weak hearts — were often the first to go. Finding new work often proved difficult, causing many to turn to the disability rolls for support.
http://www.washingtonpost.com/business/ ... print.html
Reason: added the ****'s
- Scientist James Lovelock
finding ways to make oil, gas, and electricity prices skyrocketI notice oil is back over $100 again, but I was thinking it was because of demand and the higher cost of fracking. Personally, I was expecting oil to stay below the 100 mark because of the increased supply. I know we still export a lot and maybe global demand drove it up???
- John Q. Public
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This will cause workers to stay in their jobs longer and crowd out younger workers trying to enter the workforce. I just read an article that detailed how many recent college graduates were getting jobs in coffee shops and other types of service industries.
I also predict as those Boomers continue to age, a reliance upon 401(k)'s will inevitably result in a swelling of a senior citizen underclass.