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Not housing, food, travel, transportation. 100,000 in financial assets. Houston, we have a problem. So, theres good news and this is where i want to focus this going forward. And the good news is the culture of aging is changing. I bet if i had time to spend with each one of you what id find is that your attitudes are different than they may have been earlier in your lives. Frankly different than those attitudes that might have existed with your parents and grandparents. The majority of baby boomers want to continue to work or work past age 65. Thats a very good thing. Why . Because work is good for your health. And its good for your wealth. Traditional retirement can elevate a wide range of health risks. It is not good to move to a beach to play shuffleboard, to hang out in a rec center and wait to die. It is good to remain engaged and active and purposeful and productive. Thats one of the things that we have to try to promote, all of us, and to live it and ill talk a little bit about ....
Back in the early 60s, medicare and medicaid combined were. 1 of gdp. Gdpal security was 2. 6 of and Discretionary Spending was 11 and a half percent of gdp. Medicaid arere and 5. 6 of gdp, Social Security is 4. 9 and discretionary expenditures has shrunk to six and a half percent of gdp. Why is that important . Are reallyyments consumption and you do not get that much return on your investment and i want to highlight the blue line. Back in the 60s, investments as a percentage of the federal budget was higher than transfer payments. They were 32 . They have gone down to 15 . For the republicans in the audience, if there are any in berkeley, california. [laughter] i want to remind you that Government Spending can be a lot more effective than what some of you have been putting out there in the press. What did ....
Crazy at [bleep]. There is the nightly show. Lets do this cheers and applause captioning sponsored by Comedy Central larry thank you very much. Welcome to the nightly show. Larry, larry, larry larry such a great crowd we have tonight. I have to tell you, we have the best crowds. And it really is a may ma amazing because we have no smoking sections. laughter and everybody is smoking up a storm before this show. Well, all the people in the white ticket section but all, all smoking up a storm. Inside joke, bitches you got to come to the show. cheers and applause ever at home is like, what is he talking about. Man, we really do have a big show tonight. You know, lets get right to it. So planned parenthood has been in the nuts a lot lately. And it can be hard to keep up with the back story. Before we go any further, heres what you may have missed. Previously on americas fraught relationship with planned parenthood, a new undercover sid ....