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Old 12-21-2014, 04:15 PM
Location: Central CT, sometimes NH.
3,605 posts, read 5,335,296 times
Reputation: 3816


Lol. I'm glad to see that my post from 2008 at least sparks debate. I still contend that free money is not good for our longterm economic health as a nation. As more people move from defined benefits to defined contributions the returns will eventually fall due to less supply of quality investments than the money chasing them. This will result in more and more people continuing to have to work well beyond traditional retirement age as well as a high demand for social services. This also continues to present a problem for young people in the US trying to land their first real job and become productive, contributing citizens.
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