How Will Obama Repay Baby Boomers?

The elections are finally over and the United States, with much help from our generation, has elected a new president.  With this new president comes the pro-offered promises of change and hope and a new vision of America; but what impact will this new administration have on retired and near-retiring baby boomers?  Just like everyone else caught up in the economic woes, baby boomers are facing their own set of problems.  Not only have we taken a big hit on our investments, but some of us now find ourselves helping out with family members who have lost jobs or gone into mortgage default.  En masse, those of us still working are rethinking early retirement and looking at the prospect of working two to five more years just to recoup our investment losses.  Many of those baby boomers who have retired are now looking for part-time jobs in order to make ends meet. So, President-elect Obama,  what do you have in store for us?  One campaign promise that you made was that seniors making under $50,000 would no longer pay income tax.  However, many Democrats think that this is not only a bad idea, but low on the list of things that need to be done.  Read more »