The market has tanked so far today as Oil reaches $129 a barrel. Good times.The retiring baby boomers are causing this and its only going to get worse. Bill for taxpayers swells by trillions - USATODAY.com "Taxpayers are on the hook for a record $57.3 trillion in federal liabilities to cover the lifetime benefits of everyone eligible for Medicare, Social Security and other government programs, a USA TODAY analysis found. That's nearly $500,000 per household."
Economists see improvement eventually, but also more pain - USATODAY.com: "First the good news: The worst of the painful housing slump and the credit crunch might end this year. Now the bad: The economy will weaken further and unemployment will rise.
That's the latest outlook from forecasters in a survey released Monday by the National Association for Business Economics (NABE), which says t hat it will take time for any rays of light to poke through the economic clouds,."
New breed of American emerges in need of food - USATODAY.com: "As economists nationally debate whether the country is in recession and policymakers discuss ways to drive down gas prices, a new category of Americans combats hunger. Since 2006, soaring food and fuel prices have combined with lost jobs and stagnant wages to boost the number of Americans needing food aid. More than 41% of those on food stamps came from working families in 2006, up from 30% a decade earlier, according to the latest Agriculture Department data."
