Baby Boomer Time Bombs

Michael Shedlock has a long post on the coming debt and asset returns that could cause a economic meltdown.Here's a quote from a link that Shedlock has on his post:

At least 40 percent of current state employees in 20 states will be eligible for retirement by 2015, according to a 37-state survey released earlier this year by the Government Performance Project. Washington, Maine, Tennessee, Michigan and Pennsylvania will have the most employees reaching retirement age in the next 10 years, according to the study by GPP, which like Stateline.org is funded by The Pew Charitable Trusts.

Your tax increase is their pension.That's the trouble with government workers voting for politicians that can give them these juicy benefits.So,get back to work you are needed.