As a kid I thought it must really be something to be a millionaire. We read “Richie Rich” comic books and imagined how cool it would be to live in a mansion, with servants and cooks and an indoor swimming pool.
Of course, it was the impossible dream. Only a rare few Americans could ever be that rich, and they were born to wealthy families. Still, back then, life was good for most Americans. Dads went to work, paid the bills, bought modest homes and Chevies, and took the family on a summer road trip to Mount Rushmore. Moms stayed home, raised the 2.1 kids, attended PTA meetings, and always had a hot, healthy meal ready when Dad came home from work.
What happened?
A million bucks sure isn’t what it used to be. With CDs paying maybe 1% interest at best, those who worked hard and saved a million dollars can now look forward to a retirement income of – wow – $10,000 a year. Add that to social security income, of course, but still. No indoor swimming pool. No servants.
And it’s not like there are other investment opportunities for retirees. The only guys making money in the stock market are the hedge fund operators and the machine traders buying and selling at the speed of light. Municipal bonds pay a couple percent and are tax free – oh that’s right, most city and county governments are bankrupt.
There is one group of really wealthy American retirees. Retired unionized government workers get guaranteed pensions. Most receive over $60,000 per year. There are many government employees who toiled for 25 or 30 hard years, sometimes even working over 35 hours per week behind a hard, cold desk with only 7 weeks of vacation and 15 holidays off each year. Poor souls, at retirement they must make do with $100k per year plus full medical benefits.
Do the math. In order to pay a retired teacher $60k per year, we American taxpayers are putting up $6 million at 1% interest. The retired county engineer who receives a $100k pension requires a taxpayer investment of $10 million to fund his checks.
In an economy where many moms and dads both work long hours and are barely able to feed their families, let alone save anything for retirement, it’s hard to feel sorry for government employees who will retire with multi-million dollar nest eggs.
When I see a headline like this:
Obama Sequester Speech: Republicans Are Putting Economy At Risk To Help The Wealthy
I shake my head in amazement at the level of deceit our President and his followers continue to get away with.
Tom Balek – Rockin’ On the Right Side

If I had a million dollars
We wouldn’t have to walk to the store
If I had a million dollars
We’d take a limousine cause it costs more
If I had a million dollars
We wouldn’t have to eat Kraft dinner
If I Had A Million Dollars – Barenaked Ladies
Today, while waiting for a haircut at a local “clip joint”, I looked for a magazine to pass the time. Of the 50 or so in the rack, I found only one that was not written for women. I admit I was tempted to open one of the ladies’ rags to find out “What Men Really Want”, as promised on the cover. Not that I care about other men, mind you – I just wanted to see if the editors got it right. But my old-school inhibitions kicked in, and I reached for the men’s magazine instead.
Real median household income in the US is about $50,000 per year. This includes wages, business income, and most forms of government assistance. Household income is roughly the same as it was in 1989, adjusted for inflation, after
There she was, across from Chris Wallace. Her taught facial lines belied her 73 years, her posture was perfect, and her bright eyes and smile registered a ten on the energy scale.
Like all guys from Montana, I love my boots. When you get a pair of boots that fit just right, you want to keep them wearable as long as you can. I needed new soles and heels, and quickly – I was starting a new job in a couple of days.
There has never been a time – in my lifetime at least – when there was so much BUZZ about guns.