Retirement Income

Spending Increases in Democrat's Budget Total $5.6 Trillion Over Next 10 Years

In the interest of considering the impact of deficit spending on inflation and inflation's impact on personal finances and retirement income : Total outstanding government debt in 2007 when Democrats took control of both the House and the Senate: $4.8 trillion. Projected budget surplus in 2019 if Congress had maintained the level of spending that existed when Democrats took power in 2007: $70 billion. Proposed spending increases between 2009 and 2018 in President Obama's May budget proposal: $5...

Financial Crisis Will be Seen Fundamentally as a Crisis for Retirees and Near Retirees

Professor James Galbraith provided a keynote address at a recent industry conference sponsored by NAVA—the Association for Insured Retirement Solutions. 

Professor Galbraith comes from the Economics department at the LBJ School of Public Affairs at the University of Texas at Austin.  A Keynesian and an author most recently of The Predator State, Professor Galbraith has been a consistently strong and vocal advocate of government stimulus and intervention in response to the financial crisis.

Professor Galbraith’s basic message is that...