Well, the big elephant in the whole system is the baby boomer generation that marches through like a herd of elephants. And we begin to retire in 2008.
Sentiment: NEGATIVE
And the political system is changing rapidly in this country, and we better realize that. The elephants or donkeys are not what younger people look to. They look at individual candidates' philosophy, and I think it's a different time and a different generation.
I think that retiring the baby boomers is going to be one of the great challenges in America, that you cannot make fiscal sense out of the future of our children without taking on entitlements.
We have been so successful in the past century at the art of living longer and staying alive that we have forgotten how to die. Too often we learn the hard way. As soon as the baby boomers pass pensionable age, their lesson will be harsher still.
There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.
Our country also hungers for leadership to ensure the long-term survival of our Social Security system. With 70 million baby boomers in this country on the verge of retirement, we need to take action to shore up the system.
As the baby boomers like me are retiring and getting ready to retire, they will spend whatever it takes - and they're the wealthiest generation in our country - to make themselves live an enjoyable life in their retirement years.
The boomers' biggest impact will be on eliminating the term 'retirement' and inventing a new stage of life... the new career arc.
The problem is that during the 1980s, a decade of heavy poaching, the elephants retreated to safer areas. And now people have moved into the corridors once used by the elephants.
The baby boom is about to become a patient boom.
Our growth rate continues to be staggering.
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