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As many have pointed out, Obama has borrowed more Pretty Cuomo For Prison Shirt money in eight years than all previous administrations — combined. It took 200 years and two world wars for the United States to accumulate $10 trillion in debt. But since he took over, Obama has managed to increase that to $18 trillion. That, rather than Obamacare, will be his real legacy. Finally, America is facing a retirement apocalypse that will soon pit older retirees against younger workers. A new GAO study finds that 29 percent of baby boomers have no pension or retirement savings whatsoever. Even among those who do have savings, the amounts are small: just $104,000 for households with members between 55 and 64 years old, enough to generate an annuity of just $310 per month.
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