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“This is the financial reality of all people's lives, and the burdens hit at all stages of the life cycle. They hit the 25 or 28 year old who may have gone to college and may have taken out a big debt, thinking, 'Aha, this is the ticket to a good financial future,' and is still living in his childhood bedroom because there's nothing but internships and dead-end jobs. It hits the middle-age parent who is still supporting that child, and who may be supporting an elderly parent...it's more expensive at all stages of the life cycle.”—
Catch Paul Taylor’s full interview on the state of retirement savings on CSPAN’s Washington Journal.
Our full report on the “Sandwich Generation” is here.
“Almost everybody has been hurt by the tough economic times of the last decade and certainly the last five or six years. But older folks have been more sheltered from the storm than the other age cohorts. If you think about it, if you're in your sixties, you're likely to be retired and therefore you don't have a job to lose. You're likely to own a house and have paid off your mortgage, or nearly so, and to have purchased that house years ago at pre-bubble prices.”—ICYMI: Paul Taylor, executive vice president of the Pew Research Center, explains the current state of retirement savings in America for CSPAN’s Washington Journal.
Washington Journal Asks: What should the role of Government be in your Life? I answer.
What should the role of Government be in your life?
Typically as an American government has been more of a nuisance than an ally in my life, but I’m still young and have time to experience the good that can come out of government. I pay my taxes, one thing I don’t like is the fact that whether or not I make 300-800 dollars a week I am taxed the exact same amount of money. It doesn’t impact me muc
h on the higher end and I like to pay my taxes but when season is over 60 bucks out of 300 is hindering.
The question was What should the role of Government be in my life. In my life right now, I don’t see an outstanding threat from the outside world, sure people could say that Iran, Afghanistan, Pakistan, these are places that want to hurt our country and interrupt our freedoms. I highly disagree they want to do this to me, I feel as though they want to hinder and occupy the people that have been meddling in their country and their freedoms since 1979(Religious Zealots). So does the role of Government need to be supplying me with protections from the outside world? Typically no. Other people? Yes. Personally if we could I’d prefer the American people vote to go to war other than Congress because as we’ve seen it is possible to simply loophole into war for the increased production of government bought/sold goods throughout the world (Bush Administration).
When it comes to my health, I typically do not feel that the Government is responsible for paying. I’m twenty-five years old, and have been uninsured for a while now. While hitchhiking in Colorado I was hospitalized for severe hypothermia without insurance. The bill has gone from 400-1,200 dollars in roughly 3 years. I was hospitalized 3 months ago for a serious chest pain which turned out to be Costochondritis and that cost me another 600 dollars uninsured. I like the fact that under the Obama administration someone like me will be able to afford their own health insurance. I only make about 10$ an hour, trying to afford health insurance on top of my car insurance, on top of the rest of my life, is a very inconceivable task. So in this way I believe Government is helping protect my livelihood, in this way I believe government is trying to help provide me with an opportunity to continue my progress going forward, so I don’t have to worry whether or not another hospital bill is going to get me kicked out of my home.
When it comes to my religion - I don’t have one. I view the bible as a moral compass in some ways, and I view god in a more naturalistic, human way. In my years as a traveler with no money I came across a lot of people trying to convince me to be a republican or a democrat for the glory of god. This in my opinion is the fundamental problem with our voters and the fundamental problem within our government now. Don’t get me wrong, I like god, great guy, loves all people regardless their sexual orientation, race, and their choices as to what they romance with. But too many people within this country are too uptight about God. They think the bible is the only way to live your life and force the order of the book and their interpretation of it on to people and into regulations around the nation. Todd Akin is a prime example of the extremism I’m talking about. This is not good. If anything, the most important thing to me about government in this day and age, is protecting me from the morality of religious influence in government.
Federally funded abortions - eliminated.
War with Iran - Irrefutable.
War on Drugs - Unstoppable
War on My Personal Freedoms, Ideas, and Order - Preventable.
And for the record I’m not homosexual, I just appreciate all peoples as I assume God would.
I would go into the role of government regulation in the work place but I feel its pointless to go into because everything government does with regulation in the work place is typically good. If there weren’t state laws and regulations within the work place you could easily get sexually harassed embezzled, blackmailed, or your house would be destroyed in a hurricane/flood without any aide because the state didn’t put in regulations in order to keep your roof from flying off your house. Its as big as that and as small as me putting a glove on at work before I make your sandwich. Be grateful for government.