As a recent retiree, I will be losing a good part of my insurance. I think this is only a 1st step. In 5 years or less, I figure I will lose most or all of it, along with part of my pension. Talked to a friend of mine Saturday, he just lost his job working for a company that does backup generators. 10 years down the tubes. And he has 150K into his house. Now houses in his neighborhood are selling for 20K. No jobs locally. Under the new contracts the new workers are gonna get $14 per hour, no pension, very limited bennies. Don't see how those folks are gonna pick the economy back up. Well, I guess I have to say that I was very fortunate, I had a good job for 30 years. Retirement is gonna look a lot different than what I thought.
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Today's Featured Article - Seeing an Old Friend - by Joe Evans. Dad had a concrete contracting business starting in 1960. One of his first pieces of equipment was a Ferguson TO-35 with a Davis loader. Dad replaced the TO-35 with a MF 202 Workbull, essentially an industrialized Ferguson 35 I am told. Dad bought the 202 new in 1962, and I recall quite clearly going to the dealer with him to sign for it.
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