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Title: Boomernomics: The Future of Your Money in the Upcoming Generational Warfare (Library of Contemporary Thought (Ballantine Publishing Group).) by William Paul Sterling, Stephen R. Waite ISBN: 0-345-43293-2 Publisher: Ballantine Books Pub. Date: 01 June, 1998 Format: Paperback Volumes: 1 List Price(USD): $19.95 |
Average Customer Rating: 4.33 (9 reviews)
Rating: 5
Summary: This is required reading for those who read about the future
Comment: As an accountant and business teacher, I have long wondered about governement's indebted funds--Social Security Debt (at least 15 trillion in debt which is basically equivalent to the total value of American public stocks), Medicare Debt and other debts. This futurist book is one of the few that has been able to understand this. This futurist book is one of the few that even discusses this.
What most people don't know is that the budget uses crooked accounting and count the social security and medicare and medicaid cash-in flows as revenue in the budget, but they don't expense the debt. The result of this is having a budget surplus, despite going futher into debt. Right now, we are at least 25 trillion in debt and it will likely get worse. However, when baby-boomers retire, the cash-in flows in these funds will be huge out-flows.
So, even if the 5.7 trillion "budget" debt is taken care of by 2013 like Clinton says it will be, Social Security, Medicare and Medicaid funds will go bankrupt at around that time too if we want to continue to use government for what it was more traditional used for like roads, schools, and police. There is simply not enough money to go around. Either we pay for social security and Medicare and Medicaid or we pay for roads, defense and welfare or we pay for the empty funds. If uncorrected, it will be the end of a free-market society and America will cause a global economic meltdown. I don't know, you decide what life will be like when the AARP, the most powerful interest group finds out that the social security and medicare and medicaid funds are bankrupt and cannot even come close to supporting themselves.
This is the conclusion I have reached and if you disagree and have the data to back it up, I would love to hear from you at [email protected] because I get too depressed even thinking about it. Or, heck, if you agree, you can e-mail me too. I HIGHLY RECCOMMEND THAT YOU READ THIS BOOK. Vote Republican or Libertarian.
Rating: 3
Summary: C'mon folks, it's not revolutionary!
Comment: It's a good solid read that went REALLY fast -- too fast perhaps. The book is rather fluffy, when you get down to it. I could have learned as much from 5 pages of charts and tables and statistics and about 40 pages of essays on the data.
Instead, this is written for the mass market, and mass-market are too easy. I like a more difficult read that makes me think. As far as financial books go, the trends are important, but not mind blowing either.
Still, I rate it three stars. Even that's a little generous, i feel.
The first four reviews, by the way, were submitted by the author's friends and family, very obviously.
I suggest a little consumer backlash here -- demand a real review, or rate the article "NOT USEFUL." :)
Rating: 5
Summary: An Excellent Guide to the Possible Future
Comment: As a member of the financial industry, I'm always looking for hints as to which sectors of the market will do well in the future. This book is exactly what I was looking for. Using demographic trends, the authors have come up with some scenarios which will definitely change my outlook on the future.
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Title: Success Is Not an Accident: Change Your Choices, Change Your Life by Tommy Newberry ISBN: 1886669090 Publisher: Looking Glass Books Pub. Date: January, 1999 List Price(USD): $14.00 |
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Title: The Market Maker's Edge: Day Trading Tactics from a Wall Street Insider by Josh Lukeman ISBN: 0071412743 Publisher: McGraw-Hill Trade Pub. Date: 24 February, 2003 List Price(USD): $19.95 |
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Title: Martin Pring's Introduction to Technical Analysis: A CD-ROM Seminar and Workbook by Martin J. Pring ISBN: 0070329338 Publisher: McGraw-Hill Trade Pub. Date: 01 August, 1997 List Price(USD): $49.95 |
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Title: The Instant Millionaire: A Tale of Wisdom and Wealth by Mark Fisher ISBN: 0931432723 Publisher: New World Library Pub. Date: March, 1991 List Price(USD): $9.95 |
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Title: Getting Started in Options, Fifth Edition by Michael C. Thomsett ISBN: 0471444936 Publisher: John Wiley & Sons Pub. Date: 11 July, 2003 List Price(USD): $19.95 |
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