Free Republic

America is heading into a retirement crisis, an economist says. Most retirees haven't saved enough money to retire and Teresa Ghilarducci blames America's entire system for retiring. It’s been 30 years since the Individual Retirement Account model became the standard way for Americans to save for retirement. But many people who saved for three decades watched a lot of that money disappear during the financial crisis. And now, more than half of American workers have saved less than $25,000 for their golden years, and about 30 percent have saved less than a thousand dollars. Overall, the system is failing, says...

SAN FRANCISCO (AP) - New York Sen. Hillary Rodham Clinton told a crowd of John Kerry supporters that this year's presidential election is crucial, from setting the country's future environmental agenda to deciding several Supreme Court appointments. "If we do not recognize what four more years of the current administration would mean to our country, then shame on us," she said, adding that President Bush had pushed a "radical right-wing agenda" on America. Clinton made the comments Friday during a fund-raiser attended by about 300 Kerry supporters in San Francisco, then delivered a similar speech in Long Beach.