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Jim Bacon publishes the "Bacon's Rebellion" and "Boomergeddon" blogs. His book "Boomergeddon" was published in August.
- Description: Journalist. Trading frequency: Infrequent
- Interests: Dividend stock ideas & income, Retirement savings
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Boomergeddon Boomergeddon is the day investors stop buying U.S. Treasuries — the day the U.S. government goes into default, the global economy is thrown into turmoil, the American empire begins to crumble, and the social safety net starts to unravel. Following the main themes in “Boomergeddon” the book, this blog ...More
chronicles the melt-down of federal finances and the demise of the democratic welfare state. Visit the blog to stay current with commentary on 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.
Boomergeddon Driven by uncontrolled deficit spending, a mounting national debt and rising interest rates on that debt, the U.S. government will go into default within the next 20 to 30 years. The resulting crisis will change the political landscape beyond recognition. It will mean the end of American empire, and it will ...More
shred the retirement safety net for tens of millions of Boomers and the generations that follow. Boomergeddon details how runaway health care costs and a global shift from capital surplus to capital shortages will create a death spiral of mounting national debt, rising interest rates and soaring debt payments. The author also explains how partisan gridlock and the power of the entrenched political class in Washington, D.C., will thwart the painful changes needed to return the country to fiscal sustainability. The final chapters give Boomers a primer on how to survive Boomergeddon and, if they want to undertake the herculean task, how to avert it.
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