In response to:

As the Boomers Head for the Barn

CousinFran Wrote: May 15, 2012 8:32 AM
continued: The government will come up with something but it ain't gonna be pretty. Those retiring will be angry that they were played as fools ...and for what? Not all were the best paid with pensions, 401K plans and bonuses. Better planning for a rainy day has left many boomers high and dry. I

When the April figures on unemployment were released May 4, they were more than disappointing. They were deeply disturbing.

While the unemployment rate had fallen from 8.2 percent to 8.1 percent, 342,000 workers had stopped looking for work. They had just dropped out of the labor market.

Only 63.6 percent of the U.S. working age population is now in the labor force, the lowest level since December 1981.

During the Reagan, Bush I and Clinton years, participation in the labor force rose steadily to a record 67 percent. The plunge since has been almost uninterrupted.

Here is a major cause of...