10-10-14
Here is a brief overview of the realities of the 21st century in America from my perspective.
1. Unemployment will NEVER be lower than it is today, unless we change how it is calculated. We will need less and less workers. How will we cope with this?
2. Inflation is alive and well and more in line with 3.5 percent per year but we are cooking the numbers to make it look smaller.
3. The reason everything you buy is now "50 percent off" is because they have doubled the price beforehand, from what used to be the full retail price.
4. The nation's housing stock is not designed to meet the needs of our aging population so we will need to "scrape off" much of it and build smaller one level houses.
5. If you think Health Insurance and Healthcare are the same thing you are part of the problem.
6. If inflation creeps along at the artificially reported 2 percent annual level that means your cost of living goes up 10 percent every five years. Do the math, what will it be 20 years from now?
7. Delaying receiving Social Security Benefits only makes sense if you have enough ordinary income to result in having your benefits suspended.
8. We have to become more respectful of our elected representatives. We don't have to like them but we must show them respect.
Make mine a double.
Jim Spicka, reverse mortgages Idaho.
