Word: wyss
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...DAVID WYSS: In the short term, we're at a 45-year low in interest rates--that's no reason to worry. Second, you have the lowest inflation rate we've seen since the Beatles were on the Ed Sullivan Show, which only a few of us here remember...
...WYSS: That's 1964, for the rest of you. But in the long run, we're going to have an issue. After 2010, when us baby boomers start to retire, that number is going to soar...
...WYSS: Generally, I think the policy was correct. Deficits do work. The best advice that was ever given to a politician was what Joseph told the Pharaoh--you store up the grain in the good years, and you use it in the bad years. But they are taking only half that advice this time...
...WYSS: All of us baby boomers are reaching retirement age, and we're not going to give up any of those entitlements...
...WYSS: I think there is a big difference in that we're 10 years closer to 2010. After that, when the baby boomers start retiring, expenditures really start spiraling...