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Senator Obama has acknowledged the need to understand a little bit of history and this video provides the history of the debt associated with the retiring baby-boom generation. Senator Obama focuses on 2001 CBO projection that assumes the economy was going to continue in the Dotcom boom resulting in short term surpluses while ignoring the certain overwhelming debt of the retiring baby-boom generation. This speaks directly to the character of Senator Obama….
Workers aged 45 and older comprise an unequal share of the battered recession category - the long-term unemployed — those who have been out of work for six months or longer, according to the Bureau of Labor Statistics. The unemployment rate in March 2009 for workers ages 45+ was 6.4 percent, the highest since 1948, when the Bureau of Labor Statistics began tracking that age-driven statistic. Additionally, the number of older persons classified as “discouraged” by the Bureau of Labor …