DAVE: This story was in today's [Wednesday] PG online. And the other day there was a story about how the prices for houses in Pittsburgh continue to drop.
http://www.post-gazette.com/pg/10335/1107286-53.stm
Also, I see that it's virtually inevitable that Social Security is going to be cut. Considering that 43% of the U.S. population has less than $10,000 saved for retirement, government-run pensions are gone or in severe jeopardy, and many jobs don't even pay enough for families to save any money, there is going to come a time in this country when the majority of the population is going to have no money and be completely dependent on the government to save them. That's not going to be a good time, certainly exponentially worse than anything that we've experienced in recent years, and yet nobody is doing anything about it. I suppose the theory is that by cutting the deficit, we are saving future generations from bearing that burden, but future generations won't have any money anyway. I don't get the impression that anybody really knows what they're doing.
DAD: Interesting and revealing article. I wonder if Mayor Luke is aware of the situation. Also, your commentary is very interesting and insightful.
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