Well I don't really want to clutter up our lovely blog with depressing shit, but since you are all quite a bit younger than me, this is more relevant to you than me, and you really, really need to start thinking about it.
Basically, you can assume there will be zero Social Security, Medicare, or Medicaid when you retire, and you should start working on setting yourself up now. The power of compound interest is in your favor right now.
I'm not joking either. And although working on houses has totally screwed me up physically, it is still probably worth it.
Here is the article:
http://www.newsweek.com/id/70378
here is the most chilling quote:
Just for perspective, can you compare the size of this fiscal "tsunami" [to the size of particular spending programs]?
Well, you could decide not to renew the Bush tax cuts, you could eliminate all foreign aid, eliminate all earmarks, eliminate NASA, eliminate the National Endowment for Humanities and eliminate the entire Defense Department tomorrow, and you still wouldn't solve the problem.
