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Not housing, food, travel, transportation. 100,000 in financial assets. Houston, we have a problem. So, theres good news and this is where i want to focus this going forward. And the good news is the culture of aging is changing. I bet if i had time to spend with each one of you what id find is that your attitudes are different than they may have been earlier in your lives. Frankly different than those attitudes that might have existed with your parents and grandparents. The majority of baby boomers want to continue to work or work past age 65. Thats a very good thing. Why . Because work is go...

Back in the early 60s, medicare and medicaid combined were. 1 of gdp. Gdpal security was 2. 6 of and Discretionary Spending was 11 and a half percent of gdp. Medicaid arere and 5. 6 of gdp, Social Security is 4. 9 and discretionary expenditures has shrunk to six and a half percent of gdp. Why is that important . Are reallyyments consumption and you do not get that much return on your investment and i want to highlight the blue line. Back in the 60s, investments as a percentage of the federal budget was higher than transfer payments. They were 32 . They have gone down to 15 . For the republican...

Properly, they can be an advocate of Economic Freedom. Thank you very much. [applause] thank you very much. We will now open it to q a. Please wait to be called upon. Thats for the benefit of our viewers. Microphone will come to you. And would you please be so kind to make your question really short and in a form of a question so we can get through as many of them as possible. So are there any questions in the audience . The gentleman over here. Wonderful talks by everyone. My name is steven shore. I have a question that of a dog that didnt bark. A classic distinction between accidents and sub...

That we eventually want to operate with a much smaller Balance Sheet than we have at present. The, that we would reduce the size of the Balance Sheet to essentially, whatever size we needed to manage Monetary Policy effective in, in effective and efficient way. Now a lot has changed since prefinancial crisis in terms of the Financial System and, we are studying, were engaging in project at this time. To consider whether a longrun operating framework should look like. So, i cant tell you exactly what size of Balance Sheet we will determine is the best to operate in an efficient and effective ma...

Atlantic council decided to give to a single commander, general eisenhower, sufficient authority to organize, equip, and train an integrated nato force for the defense of europe. The task before him was unprecedented. Though each of the nato countries would see to the supply and support of its own National Forces the Supreme Commander would be responsible for the coordination into a Single International force. And at 8 00 the changing of mary l discussion todd lincoln and why some of her critics labeled her crazy. For our complete schedule go to span. Org. Earlier today former Federal Reserve ...