There are a lot of elements to the nation's fiscal problems -- rising health care costs, the government's willingness to accept deficits as "normal," the fact that the government spends more in interest on the national debt than it does on Iraq. But most of these budget problems are slow-boiling worries. It's rare that you get an actual, obvious milestone.

But that's exactly what happened on New Year's Day, when a retired teacher from Maryland became the first baby boomer eligible for Social Security. That's not her fault, of course. Somebody has to be first in line. But there are 78 million more baby boomers behind her, and unless something changes, the Social Security system won't be able to cover those costs. Everybody in Washington knows this problem is coming. And everyone seems determined to worry about it later.

Sounds like a good time for a blog carnival.

If you missed our first blog carnival, these are online events where a number of bloggers all post about the same topic. The Facing Up blog coordinates the event. All the bloggers who participate post on the topic and link to the host blog, which posts a digest summarizing all the entries. Since Facing Up is a nonpartisan initiative, anyone with a blog can participate, whether liberal, conservative, centerist or something else. Just post your entry by Jan. 28 and let us know at either editorial AT publicagenda DOT org, or whallowell AT publicagenda DOT org, with “Blog Carnival” in the subject line. Be sure to include the permalink to your post, and don't forget the link to www.facingup.org.

Thanks for participating, and we're looking forward to seeing everyone's posts.

 


1 comment on this entry

Re: The First Baby Boomer, Second Blog Carnival

Wendy’s burger chain is facing intense competitive pressure. This maybe due to the high cost of product market and not only Wendy’s is affected by this. The need for payday loans has increased during the recession, and so has the demand for fast food. Despite the fact that most fast food restaurants and second hand stores are seeing a significant increase in their profits, Wendy’s has decided to cut the breakfast menu from up to 475 of its stores. The Wendy’s breakfast menu had started back in 2007 after they were bought out by Arby’s. Now the company’s CEO says it’s trying to decrease spending by $60 million. People are in need of payday loans and are in search of bargain prices especially now with a deteriorating economy. Because people are more interested in saving more money during times like this, things such as the dollar menu at McDonalds is the most popular way to go. You can read more about how some of these businesses are affected by the economy at your payday loans source.


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